Page 10 - Banks

Govt flags bank staff safety, services operations to chief secretaries

Writes to chief secys after incidents of people behaving inappropriately with bankers

Is banks' earnings dominance in Nifty50 fading? A deep dive

Bank stocks: Banks, Elara Capital said, saw softer earnings in Q4 as credit growth remained subdued, even as deposit mobilization improved.

Bank holidays 2025: Banks to be closed this week for 2 days across India

Banks will be closed for two days this week in many cities nationwide due to Eid al-Adha or Bakrid 2025. However, online banking services remain available during the holidays

Banks make a killing from TREPS, standing deposit facility arbitrage

The SDF window, which came into effect from April 2022, offers 25 bps lower than the policy repo rate

June 2025 bank holidays: Keep your banking on track with these dates

Check out the dates and tips to keep your banking smooth with digital services, even when branches are closed

Canara bank waives minimum balance requirement for all SB accounts

Change effective from June 1, customers will no longer have to maintain a minimum balance in their savings bank accounts

Yes Bank to boost retail book with strong focus on internal customers

The bank plans to grow its retail book by 10-12% in FY26, reduce the cost of deposits, and improve asset yields

Interest rates on fresh deposits declined sharply by 35 bps in April

Fresh deposit rates declined more sharply than lending rates in April, as RBI's policy easing and surplus liquidity support rate transmission across the banking system

Listed banks post ₹94,228 crore profit in Q4; PSBs lead with 13% rise

Driven by strong public sector bank performance, listed banks saw a 4.4% YoY profit rise in Q4 FY25, despite private banks posting lower profits and muted NIMs

Panchkula horror: How a family of 7 died in suspected mass suicide

Seven members of a family were found dead in a parked car in Panchkula, Haryana, in a suspected case of mass suicide. The family was reportedly under heavy debt, and a suicide note has been recovered

RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra

While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted.

Refineries to banks: Here are the sectors that topped investments in FY25

In FY25, sectors like refineries, telecom services, and iron and steel led capital investments in India

Punjab & Sind Bank, IoB chiefs likely to get extended tenures soon

"Granting extension of tenures to PSB & IOB MDs is at a final stage. Both MDs have two years of services left. The final notification will come soon," said the source

EOW arrests Delhi builder for siphoning off crores from private bank

The Economic Offences Wing (EOW) of Delhi Police has arrested a real estate developer for allegedly cheating and siphoning off crores of rupees from a private bank, police said on Monday. The accused, Anil Mithas (52), a resident of Noida, is the director and majority stakeholder of a real estate group, the police said. The private bank had sanctioned loans of Rs 100 crore and Rs 65 crore in 2016 and 2017 for the construction of projects in Noida and Gurgaon by M/s Unnati Fortune Holding Limited (UFHL). However, it was found that Mithas had allegedly misrepresented facts and siphoned off the loan amount. In 2019, M/s Nupur Finvest Pvt Ltd, a financial creditor, approached the National Company Law Tribunal (NCLT), alleging that UFHL had mortgaged the same 75 flats with them and later with the private bank. The NCLT initiated insolvency proceedings and appointed an Insolvency Resolution Professional (IRP), who ordered an audit of UFHL. The audit allegedly revealed major financial .

Bank holiday today: Banks are shut in these states for Buddha Purnima

Bank Holiday 2025: Banks in parts of the country are closed today, on May 12, due to Buddha Purnima, the birth anniversary of Lord Buddha. Here's all you need to know

Legacy issues behind us, PNB is charting a new growth path: Ashok Chandra

Leaving legacy issues behind, Punjab National Bank (PNB) has embarked on a new growth path with a distinct focus on operating profit to outdo competition in the current fiscal and subsequent years, its managing director Ashok Chandra has said. Reduction in NPAs, low-cost deposit mobilisation, increasing avenues for fee income enhancement and recovery from bad loans are other priority areas of the bank, which have been showing good improvement in various parameters, including net profit. For the financial year ended March 2025, PNB has emerged as the top bank in terms of profit growth among 12 public sector banks (PSBs) with a 102 per cent rise. The bank's net profit doubled to Rs 16,630 crore compared to Rs 8,245 crore in the previous fiscal. The bank has reported a 14 per cent rise in total business at Rs 26.83 lakh crore in FY25, one of the highest in the banking system. Pointing out that the bank had a lot of legacy issues, including one of the highest gross and net non-performi

SBI, PNB say ATMs stocked, services smooth amid India-Pakistan tensions

State Bank of India, Punjab National Bank and several other lenders on Friday said their ATMs are fully functional, well-stocked, and that digital services are operating smoothly. The announcements came against the backdrop of reports on social media that ATMs are likely to be shut in the coming days amid escalating tensions between India and Pakistan. They also said that all their digital services are operating smoothly. "All our ATMs, CDMs/ADWMs and digital services are fully operational and available for public use," India's largest bank, State Bank of India, said in a post on social media post 'X'. India's largest lender also advised its customers not to rely on unverified information. Similar messages have been posted by Bank of Baroda, Punjab and Sindh Bank, Canara Bank and Bank of India. "All our digital services too are operating smoothly, ensuring a seamless banking experience from the comfort of your home," Punjab National Bank said in a post on social media platform ..

BFSI's risk index rise amid global economic stability, says CIRI report

BFSI sector's risk index rose amid inflation and geopolitical tensions even as risk mitigation efforts like digitisation and AI adoption supported operational resilience

BSE issues cyber risk advisory to market participants amid rising threats

To avoid potential cyber attacks, the BSE and NSE also took precautionary measures by blocking their websites for international users, sources told news agency

Mock drills across India on May 7: Will banks, schools remain open?

Mock drills in India: Will banks and schools stay open or face disruptions on May 7 for civil defence mock drills?