Banking Sector News

Coastal Local Area Bank Limited has achieved Scheduled Bank status, aiming to expand its customer base, increase CASA deposits, and reduce deposit costs.

Former RBI Governor C. Rangarajan has criticized the reduction in regional rural banks, calling it a 'step in the wrong direction'. He urged the RBI to incentiv

Chinese stocks remained largely range-bound on Monday, as gains in technology shares were offset by losses in the banking and insurance sectors. This occurred d

Jefferies reports that $127 billion in FCNR(B) inflows are expected to boost the Indian banking sector's annual earnings by Rs 10,000–11,000 crore, despite pote

Crisil Ratings predicts that small finance banks will see improved asset quality and a decline in gross non-performing assets by March 2027, driven by microfina

Bank unions have planned a four-day nationwide shutdown in September and threatened an indefinite strike from October 26, involving seven unions representing em

India Ratings has increased its forecast for bank credit growth but cautioned about potential margin pressures, noting that growth is primarily driven by corpor

The EAC suggests consolidating banks into a few large entities to meet future credit needs for Viksit Bharat by 2047, emphasizing data-driven customer experienc

Finance Minister Nirmala Sitharaman emphasized the banking sector's crucial role in achieving India's Viksit Bharat 2047 vision, noting that a high-powered comm

Federal Bank and IDFC First Bank have significantly increased their credit card issuance, collectively adding over 2.2 million new cards and challenging HDFC Ba

SBI currently has 5-6 merger and acquisition deals in its pipeline, with a strategic goal to capture a 20% share of the ₹2 trillion market. These deals are prim

State Bank of India (SBI) reported a 10% increase in Q1 net profit to Rs 21,121 crore, surpassing estimates due to strong loan growth and improved asset quality

The Reserve Bank of India maintained its repo rate at 5.25 percent, simultaneously raising its economic growth forecast and lowering inflation projections. Bank

Foreign investors reduced their stakes in large banks during the June quarter, instead increasing holdings in mid-sized and smaller private lenders, indicating

HSBC has reportedly raised $6.1 billion in FCNR(B) deposits, making it the top bank in this category, with SBI following in second place with $4.1 billion.

Tamilnad Mercantile Bank reported a 35% increase in net profit to Rs 412 crore for the June quarter, driven by strong income growth, improved margins, and robus

Canara Bank reported a 2% year-over-year rise in net profit to ₹4,856 crore for Q1 2026, with net interest income (NII) increasing by 13% to ₹10,216 crore.

Credit card issuance has reached its strongest pace in over two years, with HDFC Bank leading by adding 163,000 net new cards. SBI Cards, ICICI Bank, and Federa

The bank's credit-deposit ratio reached a 62-year high of 82.6% in Q1FY27, driven by loans growing faster than deposits, with the widest variance at 5 percentag

Bandhan Bank shares plunged nearly 15% after its Q1 results, despite a 35% year-on-year rise in net profit, due to a lowered return on assets (RoA) guidance and

Punjab National Bank (PNB) announced its plan to enter acquisition finance in the third quarter of the current fiscal year and aims to raise USD 2.5 billion in

PNB CEO Ashok Chandra stated that most of the FCNR(B) flows are expected in August and September, indicating that the overall target is achievable.

HDFC Bank reported a five percent rise in profits for the June quarter, driven by robust growth in net interest income and a fifteen percent increase in gross a

ICICI, Kotak, Axis, and YES Bank have reported double-digit profit growth in Q1, while HDFC Bank lagged behind.