Page 8 - Banking Sector

RBI imposes penalty on ICICI, Axis, BoM, IDBI, BoB for violating norms

ICICI, Axis, Bank of Baroda, Bank of Maharashtra and IDBI Bank penalised by RBI for breaches including delayed reporting, excessive charges, and non-compliant operations

IOB net profit crosses Rs 1K-crore mark for first time; up 35% in Q4

Indian Overseas Bank reports record Q4 net profit of Rs 1,091.94 crore, plans Rs 4,000 crore capital raise in FY26 as asset quality and capital adequacy continue to improve

RBI working group recommends longer hours for interbank money markets

The Reserve Bank of India set up the group to study the changing needs of market participants

State-owned banks' credit share continues downward trend, albeit slower

PSBs' credit share fell by 4 per cent from FY21 to FY25, a slower rate of decline than the approximately 20 per cent between FY11 and FY21

After CEO exit, RBI okays IndusInd executives' panel to run the show

Analysts express reservation on appointment of a PSU banker as MD & CEO

Bandhan Bank Q4 results: Profit jumps 482% to ₹318 cr, revenue at ₹3,456 cr

Sequentially, net profit was down 25.4 per cent

Federal Bank Q4 results: Profit rises 12%, flags downward pressures on NIMs

Federal Bank's consolidated profit rose by 12.37 per cent to Rs 1,091 crore for the March quarter, helped by a jump in non-interest income. On a standalone basis, the private sector bank's Q4 net moved up to Rs 1,030 crore from Rs 906 crore in the year-ago period. The core net interest income grew 8 per cent to Rs 2,377 crore from Rs 2,195 crore, and was marginally down when compared with the quarter-ago period's Rs 2,431 crore. The non-interest income grew 33 per cent on-year to Rs 1,006 crore, the highest ever under the category achieved by the bank. The net interest margin narrowed to 3.12 per cent during the quarter from 3.21 per cent. Its chief executive and managing director K V S Manian said nearly half of the bank's book is linked to the external benchmark of repo rate, and automatically gets repriced with every cut in the policy rate by RBI. Speaking with reporters, he said the bank will deploy all efforts possible to protect the NIMs, but conceded that there are "downwa

Federal Bank Q4 results: Net profit up 14% to ₹1,030 cr, NIM at 3.12%

Sequentially, the profit was up by 8 per cent from Rs 955 crore in Q3FY25

Bandhan Bank Q4 results: Net profit jumps 5x to Rs 318 cr despite NII dip

Bandhan Bank on Wednesday reported a more than five-fold increase in its net profit for the quarter ended March 31, 2025, at Rs 318 crore, compared to Rs 55 crore in the year-ago period, driven by lower provisions despite a decline in net interest income. The lender's net revenue in Q4 FY25 stood at Rs 3,456 crore, marginally lower than Rs 3,560 crore in the corresponding quarter of the previous year. Net interest income (NII) dropped 4 per cent YoY to Rs 2,756 crore, while the net interest margin (NIM) contracted to 6.7 per cent, down 4 per cent. For the full financial year FY25, the bank's profit after tax rose 23 per cent to Rs 2,745 crore from Rs 2,230 crore in FY24. For FY25, Bandhan Bank's net revenue grew 16 per cent YoY to Rs 14,458 crore, while NII rose 11 per cent to Rs 11,491 crore. Operating profit was up 11 per cent at Rs 7,389 crore.

SBI ties up with Land Ports Authority for banking services in 26 locations

State Bank of India (SBI) on Tuesday signed a Memorandum of Understanding (MoU) with Land Ports Authority of India (LPAI) to strengthen banking services infrastructure across 26 land ports bordering neighbouring countries. LPAI currently operates 15 land ports across 8 border states adjoining Nepal, Bangladesh, Bhutan, and Myanmar, with 11 more ports sanctioned across states, including Uttar Pradesh, Bihar, Mizoram, Uttarakhand, and West Bengal. These land ports are handling trade volumes of Rs 70,952 crore, and total passenger movement through these transit points stood at 30.46 lakh as on 2023-24. Over a decade, the ports witnessed a 15-fold rise in trade and an 18-fold increase in passenger movement. Land ports currently handle Rs 71,000 crore in forex trade, and nearly 31 lakh people cross borders through these land ports annually. These land ports are going to play a very pivotal role in international trade, and SBI's presence at these sites will not only contribute towards .

Our asset growth may be around 25% this financial year: CSB Bank MD & CEO

Mondal talks about the Q4 results, outlook for FY26, and the new draft gold loan norms by the Reserve Bank of India

UCO Bank Q4 results: Profit rises 24% to Rs 665.7 cr, NPAs decline to 2.69%

UCO Bank on Monday reported a nearly 24 per cent year-on-year jump in consolidated net profit to Rs 665.72 crore for the quarter ended March. The state-owned lender's bottomline stood at Rs 537.86 crore in the corresponding quarter a year ago. Consolidated total income for the period under review was around Rs 8,136 crore, up from Rs 6,984 crore a year ago, it said. For the full year ended March 31, 2025, UCO Bank's consolidated net profit stood at Rs 2,468 crore compared to Rs 1,671 crore in the 2023-24 fiscal. The bank's asset quality improved, with gross non-performing assets (NPA) ratio declining to 2.69 per cent as of March 31 from 3.46 per cent a year ago, while the net NPA ratio fell to 0.50 per cent from 0.89 per cent. The provision coverage ratio stood at 96.69 per cent. The lender's total business rose 14.12 per cent year-on-year to Rs 5,13,527 crore as of March, driven by a 17.72 per cent growth in gross advances to Rs 2,19,985 crore and an 11.56-per cent increase in to

RBL Bank's Q4 FY25 results: Net profit declines 81% to Rs 69 crore

Margin pressure, micro-finance loan write-offs dent bottom line

Credit card spends surged to 4-month high of Rs 2 trillion in March

Card addition slows in FY25 following higher risk weight norm

Shriram Finance Q4 results: Profit rises 10% to ₹21.39 bn, misses estimates

Analysts, on average, had expected a profit of Rs 22.24 billion, according to data compiled by LSEG data. The company's financing costs rose 31% in the quarter

DCB Bank Q4FY25 results: Net profit rises nearly 14% to ₹177 crore

Private sector lender DCB Bank on Friday reported a nearly 14 per cent increase in net profit to Rs 177 crore for the three-month period ended March 2025. The bank had reported a net profit of Rs 155.68 crore in the year-ago period. Its total income rose to Rs 1,961 crore in January-March quarter of the financial year (FY25) from Rs 1,581 crore in the year-ago period, DCB Bank said in a stock exchange filing. The bank's gross non-performing assets (NPA) stood at 2.99 per cent in the quarter under review as compared to 3.23 per cent in the year-ago period, while net NPA was at 1.12 per cent in Q4 FY25 as against 1.11 per cent in the year-ago period. The lender's board of directors has recommended a dividend of Rs 1.35 per equity share. This is subject to approval of the shareholders at the ensuing Annual General Meeting (AGM) and other requisite approvals. Shares of DCB Bank settled at Rs 127.10 on the BSE, down 1.55 per cent from the previous close.

RBI cancels licence of Imperial Urban Co-op Bank over inadequate liquidity

The Reserve Bank of India on Friday said it has cancelled the licence of Jalandhar-based Imperial Urban Co-operative Bank as the lender does not have adequate capital and earning prospects. The Registrar of Cooperative Societies, Government of Punjab has also been requested to issue an order for winding up of the bank and appoint a liquidator for the bank. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to Rs 5 lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC). As per the data submitted by the bank, RBI said 97.79 per cent of the depositors are entitled to receive the full amount of their deposits from DICGC. As on January 31, 2025 DICGC has already paid Rs 5.41 crore of the total insured deposits. Giving reasons for cancellation of the licence of Imperial Urban Co-operative Bank, the RBI said the continuance of the bank is prejudicial to the interests of its depositors. "The bank with its prese

Despite growth of e-transactions, ATMs see surge in orders, deployment

Hike in interchange fees may lead to more deployments in bank as well as white label ATMs

TMB to continue growing gold loan business in FY26, says MD & CEO Nair

The bank's total gold loan portfolio as of March 31 is a little over Rs 18,000 crore

Tamilnad Mercantile Bank Q4 results: Net profit up by 15% to ₹292 crore

The bank's deposits increased to Rs 53,689 crore, up from Rs 49,515 crore last fiscal