Banking News - Latest Updates & Headlines
Axis Bank's Q4 profit falls 1.63 pc; declining margins, rising costs weigh on performance
Mumbai, April 24: Axis Bank on Thursday reported a 1.63 per cent year-on-year (YoY) drop in its consolidated net profit for the March 2025 quarter (Q4 FY25) to Rs 7,489.71 crore from Rs 7,613.55 crore in the same quarter last year.
India's BFSI sector grows over 50 times in two decades, share of banks reduced due to NBFCs: Report
New Delhi, April 24: India's Banking, Financial Services, and Insurance (BFSI) sector has witnessed tremendous growth over the last two decades, according to a recent report by Motilal Oswal.
9 Indian banks figure in list of 40 Global Digital Champions: Report
New Delhi, April 22: As many as 9 Indian banks have been recognised as 'Digital Champions' among 40 banks that received the title globally, according to the Deloitte Global Digital Banking Maturity (DBM) survey released on Tuesday.
Indian banks outpace global average in digital banking services: Deloitte report
New Delhi, April 22: Indian Banks have made significant progress across digital banking services, outpacing global average on most fronts, according to the 6th Deloitte Global Digital Banking Maturity (DBM).
Emirates NBD's profit before tax rises to AED7.8 billion in Q1
Dubai, April 22: Emirates NBD's Profit before tax rose 56 per cent to AED7.8 billion in the first quarter of 2025 as strong lending momentum, an improvement in deposit mix and new products drove an 11 per cent year-on-year increase in income.
Sensex, Nifty extend winning streak for sixth day, rise nearly 8 pc in 6 sessions
Mumbai, April 22: The Indian stock market continued its upward journey for the sixth straight trading session on Tuesday, supported by gains in fast-moving consumer goods (FMCG) and private banking stocks.
RBI issues new LCR guidelines for banks
Mumbai, April 22: The RBI has issued new Liquidity Coverage Ratio (LCR) guidelines which will require a bank to assign additional run-off rates of 2.5 per cent to internet and mobile banking-enabled retail and small business customer deposits with effect from April 1, 2026.
T. Rabi Sankar RBI Deputy Governor term extended by a year
New Delhi, April 22: The Appointments Committee of the Cabinet (ACC) has approved the reappointment of T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) for a period of one year.
Bulls return as market cap of BSE-listed firms crosses $5 trillion again
Mumbai, April 21: After facing pressure due to global uncertainties, Indian stock markets rebounded strongly as the total market capitalisation of all companies listed on the Bombay Stock Exchange (BSE) has once again crossed the $5 trillion mark.
Sensex jumps 855 points, Nifty ends above 24,100; banks, IT lead rally
Mumbai, April 21: The Indian stock market continued its strong rally for the fifth day in a row on Monday, as investors showed heavy buying interest in banking, IT, and auto stocks.
Stock market opens higher as hope rises for India-US trade deal
Mumbai, April 21: The domestic benchmark indices opened higher on Monday amid positive global cues, as buying was seen in the IT, PSU bank and financial services sectors in the early trade.
Household loans by major S. Korean banks rise by $1.7 billion in April
Seoul, April 20: Household loans extended by five major banks in South Korea rose by 2.5 trillion won ($1.7 billion) this month, industry data showed on Sunday.
Bank Nifty in focus after robust Q4 results by leading private lenders
Mumbai, April 20: Robust results by leading private lenders like HDFC Bank and ICICI Bank reflect rising investor confidence in the sector’s fundamentals, and the stock market is likely to respond positively to their Q4 FY25 results when it opens on Monday, according to analysts.
India's forex, money markets have doubled in last 4 years: RBI Governor
Mumbai, April 20: India’s financial markets have developed into a dynamic and resilient force to fuel economic growth with an almost doubling of the foreign exchange market from $32 billion in 2020 to $60 billion in 2024 and the average daily volumes in the overnight money markets surging from about Rs 3 lakh crore to over Rs 5.4 lakh in this four-year period, according to RBI Governor Sanjay Malhotra.
Market Outlook: Q4 results, PMI and FII data key triggers for next week
Mumbai, April 20: The market outlook for next week will be guided by several domestic and global factors such as Q4 results, minutes of RBI's Monetary Policy Committee meeting, Purchasing Managers Index (PMI) and Foreign Institutional Investors (FII) data, which could steer market direction and influence investor sentiment.
Financial markets must play crucial role to fulfil India's aspirations: RBI Governor
New Delhi, April 20: India's financial markets must play a crucial role if the country is to successfully navigate global challenges and achieve its long-term aspirations, said Reserve Bank of India (RBI) Governor Sanjay Malhotra.
ICICI Bank's Q4 profit rises 18 pc to Rs 12,630 crore, NII grows 11 pc
Mumbai, April 19: ICICI Bank, India’s second-largest private sector lender, on Saturday reported strong financial results for the fourth quarter of FY25, with its net profit rising 18 per cent year-on-year (YoY) to Rs 12,630 crore.
HDFC Bank posts nearly 7 pc rise in net profit at Rs 17,616 crore in Q4
Mumbai, April 19: India's largest private sector lender HDFC Bank on Saturday posted 6.7 per cent (year-on-year) rise in standalone net profit to Rs 17,616 crore in the fourth quarter pf FY25. On a sequential basis, net profit rose by 5.3 per cent.
Yes Bank's Q4 profit jumps 64 pc to Rs 738 crore, net NPA declines
Mumbai, April 19: Yes Bank on Saturday reported a strong performance in the January-March 2025 quarter (Q4), with its net profit rising 63.7 per cent year-on-year (YoY) to Rs 738.12 crore.
Indian stock markets rally over 4.5 pc in holiday-shortened week
Mumbai, April 19: Indian benchmark indices wrapped up the week on a strong recovery by surging over 4.5 per cent -- driven by positive signals from both domestic and global factors, experts said on Saturday.
FIU-IND signs MoU with RBI for closer ties to combat money laundering
New Delhi, April 17: The Financial Intelligence Unit-India (FIU-IND) and the Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU) here on Thursday as part of continued efforts to strengthen coordination for the effective implementation of the Prevention of Money Laundering Act and Rules framed thereunder.
Sensex surges over 1,500 points, Nifty Bank at near all-time high
Mumbai, April 17: Indian stock markets ended sharply higher on Thursday, extending their winning run for the fourth straight session as strong buying in banking shares helped the domestic indices clocked a robust performance.
RBI's proposed blended interest rates in co-lending to benefit borrowers: ICRA
New Delhi, April 17: Rating agency ICRA believes domestic borrowers will benefit from the RBI's proposed introduction of 'blended interest rates' in co-lending loans.
IDFC FIRST Bank's board okays Rs 7,500 cr fundraising from Warburg, ADIA
Mumbai, April 17: The board of IDFC FIRST Bank on Thursday approved raising up to Rs 7,500 crore from Warburg Pincus and Abu Dhabi Investment Authority (ADIA) even amid global uncertainties.
IDFC First Bank to raise Rs 7,500 crore from two investors through preferential allotment
New Delhi, April 17: IDFC First Bank has announced plans to raise around Rs 7,500 crore from two investors through the issuance of compulsorily convertible preference shares.
In a first in India, ATM installed onboard train on a trial basis
Mumbai, April 16: In a first, Indian Railways has installed an ATM on a trial basis -- on the Manmad-CSMT Panchvati Express in Maharashtra.
SBI, HDFC only Indian banks in world's 100 largest by assets: S&P Global Market Intelligence
New Delhi, April 16: State Bank of India and HDFC Bank are the only Indian banks that have found its place on the latest S&P Global Market Intelligence ranking of the world's 100 largest banks by assets.
Now withdraw cash on train: Panchavati Express becomes 1st in India to get ATM
Mumbai, April 16: In a first-of-its-kind move, the Mumbai-Manmad Panchavati Express has become the first train in India to have an ATM installed onboard.
Indian stock market cheers US tariffs relief; Sensex jumps 1,578 points
Mumbai, April 15: Indian stock markets saw a strong rally on Tuesday as benchmark indices surged over the 90-day reciprocal tariffs relief by the US administration, amid similar relief likely for the automotive sector.
Robert Vadra welcomes Mehul Choksi's arrest, says wrongdoers must be brought to book
New Delhi, April 14: Robert Vadra, husband of Congress MP Priyanka Gandhi, on Monday welcomed the arrest of fugitive diamantaire Mehul Choksi and described it as a significant moment for the nation.
'Good news': PNB scam whistle-blower's first reaction on Mehul Choksi's arrest, wants him extradited
New Delhi, April 14: Hariprasad SV, the whistle-blower in the multi-crore Punjab National Bank (PNB) scam, has welcomed the arrest of fugitive diamantaire Mehul Choksi in Belgium and strongly urged Indian authorities to ensure his extradition, warning that failure to do so would mean a 'national failure'.
Banks want power to freeze mule accounts to stop cyber fraud: Report
New Delhi, April 13: Banks have asked for the power to freeze bank accounts being used for cyber frauds without waiting for court or police approval, according to a report by a working group set up by the Indian Banks' Association (IBA).
Indian PSU banks post market cap declines in January-March quarter
New Delhi, April 13: Seven of the 12 biggest Indian banks that reported a decline in their market cap in the January-March 2025 quarter were state-owned, according to S&P Global Market Intelligence data and analysis.
Punjab National Bank launches 34 new products on its 131st Foundation Day
New Delhi, April 12: Punjab National Bank (PNB), the nation's leading public sector bank, celebrated its 131st Foundation Day, commemorating over a century of resilience, trust, and customer-centric banking, a release said on Saturday.
PM Internship Scheme becomes a strong launchpad for careers in banking
New Delhi, April 12: Some interns who were benefitted under the Prime Minister Internship Scheme reflected on their transformative journeys, during an open house organised by the Ministry of Corporate Affairs, it was announced on Saturday.
Digital payments via UPI back to life after technical glitch
New Delhi, April 12: Digital payments via Unified Payments Interface (UPI) returned for most users on Saturday after the popular service suffered a nationwide outage affecting millions of users.
UPI services suffer nationwide outage, NPCI cites 'technical issues'
New Delhi, April 12: Digital payments via Unified Payments Interface (UPI) service suffered a nationwide outage on Saturday which affected millions of users.
Russia says progress made in financial services for diplomatic missions during talks with US in Istanbul
Istanbul, April 11: The Russian consulate in Istanbul said that progress has been made on ensuring banking and financial services for Russian and US diplomatic missions during the second round of bilateral talks in Istanbul.
If Kerala Bank can waive off loans for Wayanad landslide victims, why not Centre & NDMA: HC asks
Kochi, April 10: A division bench of the Kerala High Court on Thursday came down heavily on the Union government and the National Disaster Management Authority and asked them why they cannot emulate what the Kerala Bank did to the victims of the Wayanad landslide by writing off their bank loans to the tune of Rs 5 crore.
Bank of Baroda passes on RBI rate cut to retail and MSME customers
Mumbai, April 10: The government-owned Bank of Baroda on Thursday announced the immediate transmission of the Reserve Bank of India's (RBI) policy rate cut to its customers.