bank

Domestic investment bankers outpace global brands in managing IPOs

The list of top 10 investment banks this year includes only one foreign entity.




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Local investment banks edge out global brands in managing IPOs

Domestic banks win on consistency, efficiency; HSBC is only foreign bank on top-10 list




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Axis Bank unveils India’s first certified green bond on LSE




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Sensex rises 592 points, Nifty settles above 25K on gains in IT, banking shares

Capitalisation of BSE-listed companies jumped by nearly ₹1.35 lakh crore to ₹4,63,62,781.71




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Sensex, Nifty climb in early trade on buying in IT, bank stocks

Equity indices rise on IT and bank stocks, sharp Brent crude cut; HCL Tech reports strong Q2 earnings




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Markets give up initial gains dragged by sharp fall in Kotak Bank, unabated foreign fund outflows

Equity markets open strong but later decline; HDFC Bank gains, Kotak Mahindra Bank falls, global markets mixed




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Stock markets close lower on sharp fall in Kotak Bank, unabated foreign fund outflows

The 30-share Sensex declined 73.48 points or 0.09% to settle at 81,151.27




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IndusInd Bank shares plunge 17%; Mcap erodes by ₹15,572 crore amid disappointing earnings

Total income rose to ₹14,871 crore in the quarter under review, from ₹13,530 crore in the same period a year ago, IndusInd Bank said in a regulatory filing




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Sensex, Nifty tank nearly 1% amid sharp fall in IndusInd Bank, foreign fund outflows

The BSE Sensex plummeted 662.87 points or 0.83% to settle at 79,402.29. The NSE Nifty tanked 218.60 points or 0.90% to 24,180.80




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Markets rebound in early trade on buying in ICICI bank, firm trends in Asian peers

Equity markets rise on ICICI bank boost, Asian trends, and domestic buying and also BSE Sensex, NSE Nifty climb




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Markets decline in early trade dragged by bank stocks, weak Asian peers

In contrast, Maruti, Tata Motors, IndusInd Bank and Larsen & Toubro defied broader market trend and were trading in the positive territory




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Sensex, Nifty decline on selling in banking, financial stocks; weak global trends

The BSE Sensex tumbled 426.85 points or 0.53% to settle at 79,942.18. The NSE Nifty dropped 126 points or 0.51% to 24,340.85




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Sensex tanks 942 points; Nifty plunges below 24K on heavy selling in Reliance, banking shares

The 30-share BSE Sensex tumbled 941.88 points or 1.18% to settle at 78,782.24, the lowest closing level since August 6




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Stock markets rebound on value buying in banking, steel shares; Sensex jumps 694 points

Bouncing back from Monday's (November 4) sharp fall, the BSE Sensex jumped 694.39 points or 0.88% to settle at 79,476.63




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IndusInd Bank Q2 PAT tanks 40 per cent on higher provisions, bad loans

NIM moderates as deposits outpace credit growth



  • Money & Banking

bank

Suryoday Small Finance Bank’s net profit dips 10% in Q2FY25 to ₹45 cr

Net interest margin rose to 9.7 per cent in Q2FY25 against 9.4 per cent in Q2FY24



  • Money & Banking

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RBI approves third term for Axis Bank MD, CEO Amitabh Chaudhry

Before joining Axis Bank, Chaudhry was leading HDFC Life



  • Money & Banking

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Bank of Baroda likely to report 5% YoY net profit growth in Q2FY25

Analysts from PL Capital and Axis Capital estimate a slowdown in loan growth to 12%, down from 19% in the previous year, and a dip in deposit growth to 9% from 15%



  • Money & Banking

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Bank of Baroda reports 23% increase in Q2FY25 net profit at ₹5,238 cr

BoB had reported a net profit of Rs ₹4,253 crore in the year ago quarter (Q2FY24)



  • Money & Banking

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IDBI Bank’s Q2FY25 net profit up 39% at ₹1,836 cr

The private sector lender had reported a net profit of ₹1,323 crore in the year ago quarter



  • Money & Banking

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Indian banks increased their overseas presence during 2023-24 : RBI Survey

During the year, the number of branches and employees of foreign banks in India also expanded by 0.6 per cent and 1.4 per cent, respectively



  • Money & Banking

bank

Bandhan Bank Q2 net up 30% at ₹ 937.44 cr

The Kolkata-based lender had posted a net profit of ₹ 721.16 crore for the first quarter last fiscal



  • Money & Banking

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Yes Bank Q2 Results: Net profit surges 145% year-on-year to ₹553 crore, with NII rising 14%

Yes Bank’s standalone net profit more than doubled to ₹5.53 billion for the financial second quarter from ₹2.25 billion in the same period a year earlier



  • Money & Banking

bank

ICICI Bank Q2 PAT rises 15% to ₹11,746 crore on strong core income growth

NIM moderated 9 basis points sequentially to 4.27 per cent on higher cost of funds



  • Money & Banking

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YES Bank Q2 Results: PAT more than doubles on stable income; CEO says can be ‘right time’ to acquire MFI

YES Bank targets 17-18% deposit growth, loan growth of 13-14% in FY25; CEO Prashant Kumar says this can be the ‘right time’ to acquire an MFI



  • Money & Banking

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SBI named Best Bank in India for 2024 by Global Finance Magazine

SBI Chairman CS Setty accepted the award



  • Money & Banking

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Indian Bank posts 36% rise in Q2 net at ₹2,707 crore on the back of reduced slippages

For the first half of the fiscal, the bank’s net profit exceeded ₹5,000 crore, totalling ₹5,110 crore, up from ₹3,697 crore



  • Money & Banking

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Tamilnad Mercantile Bank posts ₹303 cr net profit in Q2

Net interest income grew by 12 per cent to ₹596 crore, up from ₹533 crore a year earlier



  • Money & Banking

bank

FSIB recommends Ashok Chandra as MD and CEO of Punjab National Bank

Chandra is currently an Executive Director at Canara Bank.



  • Money & Banking

bank

Federal Bank Q2 PAT up 11% on strong core income growth

Bank to sell more stake in associate company Equirus Capital, raise ₹1,500 crore via infra bonds in H2



  • Money & Banking

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bl interview. After recognising MFI pain, profitability to improve in H2FY25: IDFC First Bank MD

Deposit to continue growing faster than credit in H2FY25



  • Money & Banking

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Bank unions push back against government ‘micromanagement’ in employee performance reviews

More than 1 lakh bank employees likely to be affected by DFS instruction to banks, says AIBEA General Secretary Venkatachalam



  • Money & Banking

bank

Canara Bank beats estimate, reports 11% growth in net profit to ₹4,014 crore in Q2FY24

Global deposits were ₹13,47,347 crore, up by 9.34 percent, while gross advances reached ₹10,11,997 crore growing by 9.53%



  • Money & Banking

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Compliant with gold loan norms, will further strengthen audit processes: CSB Bank MD

Bank expects its advances and deposits to rise at least 30-50 per cent faster than the banking system



  • Money & Banking

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City Union Bank to launch new retail products in Q4, eyes growth in FY26

To focus on secured loan products



  • Money & Banking

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Don’t see tapering of deposit rates in near term, Canara Bank MD says

Bank prepared for Canara Robeco listing in Q4



  • Money & Banking

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Punjab & Sind Bank launches e-bank guarantee facility 

This new facility replaces paper-based BG issuance process with stamping and signatures



  • Money & Banking

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Banks’ NIM falls in Q2 as RBI penal charge diktat takes effect, deposit cost rises

Bankers expect pressure on NIM to continue in Q3



  • Money & Banking

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Urban co-op banks’ body to facilitate buying and selling of priority sector loans

The National Urban Cooperative Finance and Development Corporation will help mid and small sized UCBs upgrade their technology architecture and ensure the sector’s money remains within the sector



  • Money & Banking

bank

Indian Overseas Bank launches online Re-KYC service for hassle-free updates

This new digital service allows customers to update their KYC information without visiting the bank branch, utilising three accessible channels: the IOB website, SMS, or email



  • Money & Banking

bank

Regional Rural Banks may see a fourth round of amalgamation; number of banks likely to come down from 43 to 28

The proposed move is part of the Government’s ‘One State-One RRB’ goal



  • Money & Banking

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CARE Ratings assigns ‘AA’ rating to Karur Vysya Bank’s fixed deposits

The agency noted that KVB’s advances grew by 16 per cent year-on-year



  • Money & Banking

bank

Deutsche Bank infuses ₹5,113 crore capital into India operations

Over the last decade, the bank has significantly increased its capital investments, tripling the capital base for Deutsche Bank Group in India



  • Money & Banking

bank

Airtel Payments Bank Q2 net up 45% at ₹11.2 crore, revenue up 58%

Crosses over 100 million Monthly Transacting Users milestone



  • Money & Banking

bank

Banks offer to park higher amount with RBI via VRRR route

This is the first time in many months when the bid amount was higher than the notified amount



  • Money & Banking

bank

Finance Minister launches five Nari Shakti branches of Union Bank of India for women entrepreneurs

Union Bank of India opens Nari Shakti branches in Bengaluru, Chennai, Visakhapatnam, and Jaipur



  • Money & Banking

bank

Bank of India reports 63% jump in Q2FY25 net profit at ₹2,374 crore

The profitability comes despite the public sector bank seeing 111 per cent y-o-y jump in loan loss provisions at ₹1,427 crore 



  • Money & Banking

bank

Boatmen’s associations reluctant to collect sand from Godavari’s banks over lack of remuneration

Permissions of 89 associations revoked by govt.; officials assure direct payments to workers’ bank accounts from Monday in order to prevent a shortage of sand




bank

PM Vishwakarma scheme intends to make nationalised banks pro-people once more, says Kota Srinivas Poojary




bank

Don’t delay loan sanction and disbursal to central schemes beneficiaries, Srinivas Poojary tells banks