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Debt, equity holders approve merger of IDFC with IDFC First Bank

The board of the bank presented the result of voting on the proposal for amalgamation before the…

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Canara Bank Q4 profit rises 18% to ₹3,757 crore

During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…

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Following Kotak Mahindra Bank’s strong Q4 numbers, analysts reset stock target up to ₹1,900; Worried about reputation impact than financial, says CEO

Kotak Mahindra Bank’s share prices surged by over 5% on Monday, a day after the leading private sec…

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RBI initiates transition plan: Small finance banks to ascend to universal banking status

According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eli…

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RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P

Credit cards are a higher-yielding target growth segment for Kotak Mahindra Bank. This portfoli…

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Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action

At the NSE, it tumbled 13 per cent to the 52-week low of Rs 1,602. The company's market ca…

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RBI bars Kotak Mahindra Bank from onboarding new customers via online, issuing fresh credit cards

"Serious deficiencies and non-compliances were observed in the areas of IT inventory management…

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Credit and profitability of banks to moderate in FY25, says ICRA

The Indian banking sector’s rating has been revised to stable from positive by rating agency ICRA o…

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Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings

The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to …

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Indian banks expected to maintain profitability amid margin pressure: Fitch Ratings

According to Fitch, while net interest margins (NIMs) are anticipated to narrow by 10 to 20 basis p…

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3 mins read

Incomes are either rising too slowly or falling at the lower end of the bracket

India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…

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3 mins read

Even in the digital age, banks need brick and mortar presence, especially in Hindi heartland

In the age of digital banking, there are very few reasons to step into the bank. Even if one decide…

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1 min read

Public sector banks asked to reassess gold loan process amid debt risk concerns

The Ministry of Finance has written to public sector banks to reassess their gold loan procedures a…

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Electoral bonds: SC rejects SBI's plea for time extension, directs it to furnish details by tomorrow

A five-judge Constitution bench of the Supreme Court on Monday dismissed the State Bank of India's …

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DBS Bank says it deducted 27% salary of its CEO Gupta for tech glitches in 2023

The salary of DBS Bank's Indian origin chief executive Piyush Gupta was cut by a hefty 27 per cent …

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RBI directs card issuers to offer choice among card networks, bans restrictive agreements

According to a press release, the central bank prohibited card issuers from entering into agreement…

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Too many regulatory guardrails could impede growth rate: Uday Kotak

Veteran banker Uday Kotak on Tuesday said that too much regulatory guardrails could impede economi…

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1 min read

Vijay Shekhar Sharma steps down as Paytm Payments Bank Chairman

Financial services company Paytm said on Monday that Vijay Shekhar Sharma has stepped down as Non-E…

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3 mins read

Consumption loans take a breather in July-September 2023 period, even as delinquencies rise

India’s retail loan growth moderated in the second quarter of FY24, especially in consumption-led s…

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5 mins read

SBI’s core business stays strong despite one-time hit on account of higher wage costs in Q3

India’s largest bank SBI saw its third quarter profits slip by 35.5% as it took a ₹7,100 exceptiona…

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IOB Q3 profit jumps 30% to ₹723 cr on improvement in core income

State-owned Indian Overseas Bank (IOB) on Wednesday reported 30 per cent rise in net profit at Rs …

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Canara Bank posts 27% jump in net profit for Oct-Dec quarter

Canara Bank on Wednesday reported a 26.87% increase in net profit to Rs 3,656 crore for the October…

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Indian Bank Q3 profit surges 52% to ₹2,119 crore

The public sector Indian Bank on Wednesday reported a 52 per cent jump in net profit at Rs 2,119 c…

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Banks continue to spook markets after HDFC Bank’s LDR shock in Q3

HDFC Bank opened 2.5% lower on Thursday, after a sharp 9% plunge on Wednesday as its third quarter …