RBI-led MPC meets to take a call on rate cut amid the fog of trade war, US imposition of tariffs, low inflation, concerns over growth and recent slide in rupee.
Punjab National Bank CEO Ashok Chandra draws comfort from a loan sanction pipeline of Rs 1.29 lakh crore; CASA deposit ratio in Q1 lags behind FY26 target but bank has revamped product.
Sumitomo Mitsui Banking Corporation has already made applications to RBI and CCI; Yes Bank Q1 net profit up 59% to Rs 801 crore.
Axis Bank’s Q1 net profit falls 4% to Rs 5,806 cr and gross slippages inflate to Rs 8,200 cr; retail unsecured loans a worry.
Bank of Maharashtra is driving up CASA, shunning high-cost bulk deposits, tapping infra bonds and repricing loans; Rs 3,000 crore will be freed due to CRR cut from 4% to 3%.
RBI Governor Sanjay Malhotra indicates possibility of further cut in repo rate if inflation is lower than earlier forecast or growth is weak.
Bank of Maharashtra posts net profit of Rs 1,593 crore in Q1; gross NPAs fall to 1.74% from 1.85% a year ago but slippages see rise from preceding quarter.
RBI will review if foreign banks could be allowed to own 26% stake in local banks as a matter of policy, says Governor Sanjay Malhotra; current cap is 15%.
HDFC Bank consciously calibrated its loan growth in FY25 to reposition the balance sheet, says MD & CEO Sashidhar Jagdishan; now bank poised to capitalise on growth opportunities.
Indian Bank is 4th largest public sector bank in SHG financing; enjoys 10% market share with credit portfolio of Rs 22,224 crore as of March 2025.
HDFC Bank’s credit grows 6.7% to Rs 26.53 lakh crore in Q1; deposits up 16.2% YoY at Rs 27.64 lakh crore, outpacing credit growth for third successive quarter.
Banks are more stable and healthier but there is scope for improvement on the customer service side, Financial Services Secretary M Nagaraju said.
NRIs can make INR-denominated payments from NRE or NRO accounts through IDFC First Bank’s mobile app or any UPI-enabled platform, without needing Indian SIM card or incurring transaction fees.
Punjab National Bank is cushioned by large pipeline of sanctioned loans, improved asset quality and strong bad loan recovery capability as it plans to steer through any slowdown in economy due to tariff war.
IndusInd Bank is “doing well on the whole” now and the resignation of managing director and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective, said RBI Governor Sanjay Malhotra.
