IndusInd Bank's share price goes diving after discrepancies in accounting of derivatives portfolio come to light. Here is how and what happened to the country’s fifth-largest private sector bank.
Uday Kotak has cautioned of the challenges Indian banks face in their business model if the deposit tightness persists.
Microfinance loan book is IDFC First Bank's 'first big isssue post-merger’ and will peak in Q4 of FY25, says MD & CEO Vaidyanathan; every other single business of the bank is doing well.
Punjab & Sind Bank is planning to up branch network to 2,000 by March 2027 as it seeks to grow retail loans. “New branches will be mainly outside Punjab where market is getting almost saturated for us,” says CEO Swarup Kumar Saha.
KVS Manian takes up challenge of lifting Federal Bank to top five league; pivotal decisions include scaling up beyond Kerala, driving volumes in medium-yielding biz, reducing concentration of top depositors and having play in affordable housing.
Sanjay Malhotra will have to guide RBI through an uncertain phase which is seeing the world redraw its politics and economics. Don't expect many interest rate cuts as he has to weigh in a wobbly rupee, trade wars, tight liquidity, inflation and financial stability.
Bank of Maharashtra has joined several other lenders to cut interest rate by 25 basis points on retail loans, including home and car loans, in line with reduction in repo rate by the Reserve Bank of India.
Canara Bank CEO Satyanarayana Raju says CASA ‘shortfall’ has come amid liquidity issues, stiff competition and stability of payment platforms; opening of 250 branches a year has eye on CASA deposits and biz growth.
State-owned banks report highest-ever aggregate net profit of Rs 1.29 lakh crore and operating profit of Rs 2,20,243 crore in nine months of the financial year.
State Bank of India posts net profit of Rs16,891 crore in Q3, but margins are lower and deposit mobilisation stays weak; chairman Setty is confident that credit growth will be 14-16% in FY25.
Punjab National Bank’s Q3 net at Rs 4,508 cr; aims to recover bad loans worth Rs 5,000 crore to Rs 6,000 crore in Q4 of FY25.
Union Bank of India CEO Manimekhalai says business growth in FY25 could be closer to lower end of guidance range; Q3 net up 28% on back of non-interest income but NIM falls due to spike in cost of funds.
Canara Bank Q2 net profit rises 12.25% to Rs 4,104.20 crore despite NIM narrowing, as it was aided by non-interest income.
Federal Bank reports net profit of Rs 955 cr in Q3; NII up 15% YoY to Rs 2,431 cr and NIM at 3.11%.
RBI to take steps to inject liquidity into banking system, including purchase of government securities worth Rs 60,000 crore in three tranches.
