Page 4 - Indian Banking Sector

Bank's group coverage: Affordable, easier to acquire; but check for limits

Group insurance from banks may be affordable and easy to onboard but customers must watch for coverage limits, exclusions, and renewal risks before signing up

Strong FY25 performance supports standalone credit profiles of banks: Fitch

Fitch Ratings on Monday said Indian banks' strong financial performances in the financial year ended March 2025 support the standalone credit profiles of rated banks and position the sector for future growth. The sector reported improved asset quality, stronger capital buffers and stable profitability despite the slowest sector loan growth in four years. "We expect steady performance to continue, though sustaining sound core financial metrics that strengthen loss-absorption buffers and resilience to economic shocks relative to the previous cycle would support positive momentum for rated banks' standalone credit profiles," Fitch said. The rating agency believes banks can sustain steady performance across most credit metrics in FY26, except for earnings due to cyclical pressures on margins and credit costs. "Indian banks' strong financial performances in the financial year ended March 2025 (FY25) support the standalone credit profiles of rated banks and position the sector for future

Good show by banks as most register a rise in profit, but challenges ahead

Overall, public sector banks have put up a better show than private banks on most parameters

94 candidates apply for six executive director positions in PSBs

FSIB likely to hold interviews month-end

Supervisory Data Quality Index of commercial banks improves in March: RBI

Supervisory Data Quality Index of commercial banks has improved to 89.3 in March 2025 compared to 88.6 in the year-ago period, the Reserve Bank said on Wednesday. The RBI has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the accuracy, timeliness, completeness and consistency in various key financial parameters, including bad loans, asset-liability and capital adequacy. The index will help the regulator to assess the financial health of commercial banks, including small finance banks. "The sDQI score of Scheduled Commercial Banks (SCBs) has improved in March 2025 as compared to March 2024," it said. The sDQI for SCBs covers 87 SCBs and their key returns, including return on asset liability and off-balance sheet exposures, return on asset quality, return on operating results, risk-based supervision return (RBS), and liquidity return. The entity-level sDQI score is arrived at by aggregating the scores for Accuracy, Completeness, Timeliness and

Indian Bank launches new savings accounts for NRIs with global access

The Bank's new offerings aimed at a seamless combination of traditional trust and modern conveniences, reinforcing its position as a trusted banking partner for NRIs around the globe

Karur Vysya Bank expects 2% more credit growth than industry in FY26

Private sector Karur Vysya Bank expects its credit growth to be more than 2 per cent over the industry's overall growth during the current financial year, a top official said. The Tamil Nadu-based bank has lined up plans to open 28 new branches before the first half of the current financial year, particularly in Southern and Western parts of the country, the Bank's Managing Director and CEO, Ramesh Babu, said. The financial landscape is witnessing a dramatic transformation globally as well as in India, driven by technological innovations, changing consumer preferences and the emergence of alternative business models, he said. "The Reserve Bank of India is expected to adopt a more accommodative monetary policy stance. This could involve further rate cuts to stimulate domestic demand and support economic growth. The sudden escalation at the border has also added more uncertainties for the coming year," Babu told analysts recently, during the Q4 FY2025 Earnings Conference ...

Finance ministry pulls up public-sector banks over staff misconduct

Ministry asks lenders to strengthen handling customer grievances following several incidents

Biz correspondents' body to raise Atal Yojana renewal commission with banks

BCRC may take up the issue with the Indian Banks' Association; in January, it had raised the matter with the insurance regulator

Indian Bank Q4 profit rises 32% to ₹2,956 crore on improved core income

State-owned Indian Bank on Saturday reported a 32 per cent jump in net profit to Rs 2,956 crore for the March quarter of 2024-25, helped by a decline in bad loans and a rise in core income. The Chennai-based lender had earned a net profit of Rs 2,247 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 18,599 crore from Rs 16,887 crore a year ago, Indian Bank said in a regulatory filing. Interest income grew to Rs 15,856 crore from Rs 14,624 crore in the fourth quarter of the previous financial year. Net Interest Income (NII) in the quarter also improved to Rs 6,389 crore from Rs 6,015 crore in the same period a year ago. On the asset quality front, the bank's gross Non-Performing Assets (NPAs) moderated to 3.09 per cent of gross advances as compared to 3.95 per cent by the end of March 2024. Similarly, Net NPAs came down to 0.19 per cent of the net advances over 0.43 per cent at the end of 2024. Provision Coverage Ratio of the bank rose to 98

Kotak Mahindra Bank Q4 results: Consolidated net profit down 7.5% Y-o-Y

On a standalone basis, the bank's net profit was down 14% Y-o-Y in Q4

Indian Overseas Bank Q4 results: PAT rises 30% to ₹1,051 cr on lower NPAs

State-owned Indian Overseas Bank (IOB) on Friday reported a 30 per cent rise in net profit to Rs 1,051 crore for the March quarter, helped by a decline in bad loans and a rise in interest income. The Chennai-based lender had earned a net profit of Rs 808 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 9,215 crore, as against Rs 9,106 crore a year ago, Indian Overseas Bank said in a regulatory filing. Interest income grew to Rs 7,634 crore during the period under review, from Rs 6,629 crore in the corresponding quarter a year ago. On the asset quality front, the bank's gross Non-Performing Assets (NPAs) moderated to 2.14 per cent of gross advances, as compared to 3.10 per cent by the end of March 2024. Similarly, Net NPAs also came down to 0.37 per cent of the advances, over 0.57 per cent at the end of 2024. As a result, total provision during the quarter eased to Rs 200 crore, as against Rs 409 crore in the same quarter a year ago. The b

State Bank of India to raise funds via share sale this fiscal year

The board of the state-run bank will discuss the proposal for fresh capital either through a follow-on public share sale, rights issue or qualified institutional placement on May 3

Banks set to meet investment needs of India Inc: RBI Guv Sanjay Malhotra

RBI governor says rupee's orderly movement reflects strong macro fundamentals

Indian banks outperform global peers in digital transition, daily services

Indian banks have introduced features like real-time and future-dated payments, app-based banking through messengers, and virtual card issuance for online transactions, outpacing global peers

ICICI Bank's Q4FY25 results: Net profit up 18% to Rs 12,630 crore

On a consolidated basis, the bank's net profit grew 15.7 per cent to Rs 13,502 in Q4FY25 from Rs 11,672 crore in Q4FY24

HDFC Bank's Q4FY25 results: Net profit up 6.7% aided by lower provisions

The bank's NII was up a little over 10 per cent Y-o-Y at Rs 32,065.8 crore in the reporting quarter

New India Co-operative Bank case: Depositors push for revival or merger

Depositors of scam-hit New India Co-operative Bank met RBI-appointed advisors and senior officials of the apex bank, demanding a concrete roadmap for the bank's revival or merger and better protection for depositors' interests, as per a release. The NICB Depositors' Foundation is demanding urgent measures to restore depositor confidence and alleviate the financial strain faced by thousands of account holders since RBI imposed restrictions on February 13, 2025. Mumbai Police has so far arrested eight persons in connection with the Rs 122 crore New India Cooperative Bank embezzlement case. The foundation president TN Raghunatha said a delegation of depositors met RBI-appointed advisors Ravindra Chavan and Ravindra Sapra at the bank's corporate office in Prabhadevi on Friday. During the discussion, the advisors offered a cautiously optimistic outlook on the bank's future, Raghunatha stated. "The advisors were positive about the prospects of reviving the bank. They confirmed that mult

RBI issues draft rules for gold loans to standardise norms across lenders

RBI said the policy will strengthen conduct-related aspects, with lending norms integrated into lenders' credit/risk management policies

NaBFID to raise ₹8,000 cr via bonds, includes first 5-yr paper: Bankers

It also aims to raise at least ₹2,000 crore through 10-year papers, with a greenshoe option of ₹3,000 crore, the bankers added