IndusInd Bank emerges profitable in Q1 after losses in preceding quarter due to accounting lapses and fraud in microfinance; pressure on growth, bad loans and microfinance portfolio remains.
Running a digital payments infrastructure on zero-charge model can’t be sustainable long-term; someone will have to bear the cost, says RBI Governor Sanjay Malhotra.
Reserve Bank of India extends tenure of oversight committee managing IndusInd Bank by one month until 28 August.
RBI not considering any proposal to allow corporates, either directly or through their NBFCs, to obtain banking licences, Governor Sanjay Malhotra said.
Stress in microfinance book should bottom out in next two quarters and lending margins would likely be better in 2nd half of FY26, says IDFC First Bank MD & CEO V Vaidyanathan.
Bank of Baroda’s net profit rises by just 1.8% to Rs 4,541 crore in Q1; guides loan growth of 11-13% for full-fiscal and sets recovery target at Rs 10,000 crore.
Enforcement Directorate conducts multiple raids as part of alleged Rs 3,000-crore loan fraud involving Reliance Anil Ambani Group companies and Yes Bank.
Canara Bank Q1 net profit stands at Rs 4,752 crore, aided by 32.7% jump in other income; NII falls 1.7%.
IndusInd Bank gets nod from shareholders to raise up to Rs 30,000 cr via mix of debt and equity; allows promoters to nominate two board directors.
Appellate tribunal finds former ICICI Bank CEO Chanda Kochhar guilty of accepting Rs 64 crore bribe in exchange for sanctioning Rs 300 crore loan to Videocon Group in 2009.
Public sector banks have identified 1,629 corporate borrowers as wilful defaulters, owing loan dues of Rs 1.62 lakh crore as of 31 March 2025.
Public sector banks have written off a whopping Rs 12.08 lakh crore in the last nine fiscals; gross NPA ratio has dropped from 9.11% in FY21 to 2.58% in FY25.
Punjab & Sind Bank’s net profit is at Rs 269 cr; gross NPA falls to 3.34% from 4.72%.
Banks can’t make it mandatory for customers to choose any digital banking channel to avail services like debit cards; draft also proposes stronger fraud protection rules.
LIC acquires 6.1 crore shares for 5,000 crore, taking its shareholding in SBI to 9.49% from 9.21%; funds will be used to support credit growth across retail, MSME and corporate segments.
