Banks

Banks set for double-digit profit growth in Q1FY27: Emkay Global

Analysts at Emkay Global Financial Services believe that banks are likely to begin FY27 on a healthy note, with strong loan growth and resilient asset quality and treasury income gains.

Banks courting corporate clients for merger and acquisition financing

Banks are pitching M&A financing to corporate clients after RBI's new norms, setting the stage for stronger competition with private credit funds

RBI proposes stricter data governance framework for banks, NBFCs

The RBI has proposed a comprehensive data governance framework for banks and NBFCs, focusing on customer consent, data quality, third-party sharing and board oversight

ED freezes TMC bank deposits worth ₹440 crore in money laundering probe

ED freezes TMC bank deposits worth Rs 440 crore under the PMLA after searches in an alleged funds misappropriation case involving Carewell Aviation

SBI joins global banks to fund Sun Pharma's $11.75 billion Organon buy

SBI is the only domestic bank to participate in the loan syndication

Banks' body can't blacklist lawyers for alleged negligence: Supreme Court

In a significant verdict, the Supreme Court on Tuesday held that banks and the Indian Banks' Association (IBA) cannot put the advocates in the "caution list" merely on allegations of professional negligence. Reinforcing the independence of the legal profession, a bench of Justices P S Narasimha and Alok Aradhe held that blacklisting lawyers amounted to an impermissible encroachment upon the statutory disciplinary jurisdiction of the Bar Councils. "We direct the Bar Council of India to constitute a team of senior and junior lawyers as well as experts in the field of establishing academic institutions for considering, discussing and evolving the idea of establishing National Legal Academy (for lawyers). "We hope and trust the BCI will rise to the occasion and reflect on all these issues and inform the court of its decision," Justice Narasimha, who authored a 41-page judgement, said. The verdict clarified the scope of judicial review under Article 226 of the Constitution and held that

Banks' loan growth outpaces deposit growth in Q1 across public, pvt lenders

Business updates from public and private sector banks showed advances growing faster than deposits during the April-June quarter, reflecting sustained credit demand

RBI flags nascent stress in micro enterprises; retail loans need monitoring

Financial Stability Report says banks face funding pressure as deposits shift to costlier sources, while larger housing loans gain share and household debt continues to rise

Banks set to book healthy treasury gains in Q1 FY27 as yields slump

Rupee sees strongest monthly rise since West Asia war started

From banks, risks to shocks: What RBI's financial stability report says

Banks remain safe and sound, supported by strong capital, continued improvement in asset quality, and stable profitability, says the RBI's Financial Stability Report

Axis Bank CFO Puneet Sharma steps down after more than six years

Sharma said he had largely achieved the objectives he set as CFO, including strengthening financial controls, building a resilient balance sheet and improving shareholder trust

Bank holiday on Muharram: Will banks be closed on June 26? Check full list

Banks in several states and union territories will remain closed on June 26 for Muharram, followed by the fourth Saturday and Sunday holidays, giving many customers a 3-day banking break

What are your rights as borrower when bank tries to repossess your vehicle?

Demand proper notices, written authorisation, and a possession inventory before surrendering your vehicle

How to update nominees for bank, insurance, mutual fund, demat accounts

Having one or two nominees is enough; add more only if there's a clear reason

Motilal Oswal sector of the week: Banks; top picks are SBI, ICICI Bank

The medium-term outlook for the banking sector remains constructive, supported by healthy credit growth, stable asset quality and improving liquidity conditions, says Motilal Oswal.

AI is changing banking: Here's why RBI wants banks to be careful | Mythos AI | Cybersecurity

Why has the RBI asked banks to prepare for AI-powered cyber threats? The regulator has warned banks to assess risks linked to advanced frontier AI models and strengthen their cybersecurity systems.

Don't even know where LIC's office is, says Rajesh Exports chief

With Rajesh Exports facing regulatory pressure and concerns about LIC's exposure to the beleaguered gold jewellery firm, Chairman Rajesh Mehta has distanced himself from the insurer's investment decisions, arguing that ordinary retail shareholders stand to gain regardless of how the situation plays out. "LIC has not purchased the shares yesterday or last year. LIC's purchases are over a period of time, approximately 20 years. These shares have been taken by LIC from the open market, from the stock market," Mehta told PTI in an interview. Currently, LIC holds a 10.80 per cent stake in Rajesh Exports. Mehta was categorical that neither he nor other promoters had any role in LIC's accumulation of the stock. "No promoter has ever sold his shares to LIC. The company has never made any placement to LIC. By the buying of shares by LIC, the company or the promoters have never benefited in any manner," he said. Mehta said the company had no relationship with or knowledge of LIC's investmen

India's money-market turnover hits record as banks ramp up borrowing

Bank lending expanded at 16.2 per cent in the year through May 15, the fastest clip in two years, with credit demand exceeding deposit growth for the eighth straight month

Indian banks among Asia-Pacific's best-capitalised lenders: S&P data

For banks, a higher leverage ratio is generally a sign of stronger capitalisation, not higher risk

Digital NBFCs' share of personal loans grows both in value and volume terms

Digital NBFCs accounted for 77 per cent of personal loan sanction volumes and 19 per cent of sanction value in FY26, even as growth in loan volumes slowed sharply