The wholly owned subsidiary of SBM Bank (Mauritius) Ltd has appointed a consultant for the process and is at an EoI stage, said its ED and CFO Amit Jagdhari.
Govt puts performance-linked incentive scheme for public sector bank employees for FY26 in abeyance; to take up matter during ongoing bipartite settlement or joint note discussions.
Recovery from written off accounts stands at Rs 1.83 lakh cr in last 5 financial years, translating to 35.24% of the value. Top five banks account for 70.99% of public sector banks’ loan write-offs. Wilful defaulters owe Rs 2.85 lakh crore to PSBs.
After resignation of Atanu Chakraborty, Sashidhar Jagdishan was out to demonstrate that nothing was wrong at HDFC Bank. What made him back off? Kaizad Bharucha is one of names floating to occupy CEO chair as bank enters new phase of leadership transition.
Banks garner $136.38 bn through RBI’s three swap schemes. FCNR(B) deposits almost double in final 10 days. How will this massive influx play out in terms of liquidity management, CD market, loan growth and margins?
Bank credit growth accelerates to 16.5% YoY as at end-June 2026 from 9.9% a year ago; weighted average lending rate eases by 45 basis points to 9.26%.
NCLT’s 5-member special bench stays earlier order of smaller bench; issues notices to parties in personal insolvency case and directs Subhash Chandra not to alienate his properties, either directly or indirectly.
Bank credit to industry grows 20% YoY in July while services is up 23%, RBI’s latest sectoral deployment data shows; total bank credit outstanding is at Rs 221 lakh crore as on 31 July.
S&P’s investment-grade rating comes at a time when IDFC First Bank is preparing to raise overseas capital, RBI has opened swap window for FCNR(B) deposits and lender is chasing faster growth.
Bank of Baroda’s write-off of Rs 35,715 cr is over six years involving borrowers with outstanding dues of Rs 100 crore and above; recovery from such accounts is just Rs 9,946 cr.
Monetary policy committee members to back repo rate hike if inflationary pressures persist and oil prices continue to climb, minutes of meeting showed.
During the week, ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda raise $4.4 bn.
Sanjay Malhotra and the MPC members may find small space for an interest rate pause this time but a credit cycle reversal is inevitable down the line.
SBI delivers mixed performance in Q4 with loan growth strong but margins seeing contraction; Chairman CS Setty sticks to FY27 guidance on loan growth and domestic NIM.
Bank of Baroda reaches an out-of-court settlement with NMC group and its administrators in Abu Dhabi and London.
Private banks collected Rs 4,948.71 crore in FY26 from customers for failing to maintain minimum balance in their savings and current accounts; HDFC and Axis Bank accounted for 58% of this.
Bank of Baroda says bank’s core banking systems not accessed and continue to remain secure; breached data includes customer details and identification documents, says cybersecurity activist Srikanth.
In an unusual development, HDFC Bank CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan and retail assets group head Arvind Vohra are imposed a penalty of Rs 1 lakh in MSRDC case.