Banking Sector News - Latest Updates & Headlines
IndusInd Bank's stock tanks over 27 pc, erases over Rs 19,500 cr in market value
Mumbai, March 11: IndusInd Bank's share price plummeted 27.06 per cent on Tuesday, closing at Rs 656.8 apiece, as the lender's internal review projected an adverse impact of approximately 2.35 per cent on its net worth (as of December 2024).
Slowdown in credit card growth continues, disbursement at 4-year low: Report
New Delhi, March 6: The credit card sector in India is witnessing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm.
RBI announces measures to manage liquidity conditions
Mumbai, March 4: The Reserve Bank of India (RBI) on Wednesday said that it will infuse liquidity through Open Market Operations (OMO) purchases and USD/INR Buy/Sell swap auctions.
After strict regulations in 2023 & 2024, RBI's Policy shift boosts Banking Sector, eases regulations: Report
New Delhi, February 28: After a period of strict regulations in 2023 and 2024, the Reserve Bank of India (RBI) has now shifted its stance, benefiting the banking sector in a significant way, according to a report by CLSA Research.
Stress in Credit card segment to peak in coming 1 or 2 quarters: Phillip Capital Report
New Delhi, February 25: The overall credit costs in the credit card segment are expected to peak in the next one to two quarters, according to a report by Phillip Capital.
Cooperative banks need to adopt new technologies for progress: Amit Shah
Pune, Feb 22: Union Home Minister Amit Shah on Saturday called upon the cooperative banks to adopt new technologies for progress.
Indian banks to face margin squeeze as RBI may go for more rate cuts
New Delhi, February 21: Indian banks are facing renewed pressure on their net interest margins (NIMs) as interest rates are expected to decline following the Reserve Bank of India's (RBI) decision to cut its benchmark rate for the first time in nearly five years.
Banking sector to witness subdued PAT growth of 6% in FY25, 4% in FY26: Report
New Delhi, February 21: The banking sector is expected to see a subdued profit after tax (PAT) growth of 6 per cent in FY25 and 4 per cent in FY26, according to a report by IIFL capital.
Sensex, Nifty end flat amid volatile trade, smallcap stocks outperform
Mumbai, Feb 19: The Indian stock market on Wednesday witnessed a choppy session, with benchmark indices ending flat despite facing volatility throughout the day.
Banking sector faced Greater-Than-Expected pressure in Q3FY25: Report
New Delhi, February 18: The Indian banking sector experienced a more severe impact in the third quarter of FY25 than previously anticipated, says a report by Centrum.
RBI desires to go extremely calibrated on future repo rate actions: Experts
New Delhi, Feb 8: The monetary policy in India is easing since last few months and as rate cuts transmit with a lag, it makes sense to act with a forward-looking estimate if the monetary policy has to work its way on real economy, according to experts.
RBI to look for additional measures other than rate cut to infuse enough liquidity: Emkay Research
New Delhi, February 6: The Reserve Bank of India (RBI) will have to look for additional measures other than a rate cut to infuse enough liquidity in the banking system according to a report by Emkay Research.
SBI reports 84% jump in net profit for Q3FY25, strong credit growth and improved asset quality
New Delhi, February 6: The State Bank of India (SBI) has reported a significant 84.32 per cent year-on-year (YoY) growth in net profit, reaching Rs16,891 crore in Q3FY25. This strong performance was driven by higher operating profit and improved asset quality.
More accommodative stance for NBFCs, banks needed in RBI monetary policy: HSBC
New Delhi, February 6: Upcoming monetary policy announcement by the Reserve Bank of India (RBI) is expected to provide clarity on crucial aspects that will shape the financial services sector, according to a report by HSBC.
RBI's actions beyond a 25bps rate cut will be more watched: Report
New Delhi, Feb 6: While a 25bps rate cut in the upcoming RBI MPC policy is less of a market debate, the actions around “what beyond a cut” will be more watched, a report said on Thursday.
Banks in robust health as NPAs down to 12-year low, profit up 22.2 per cent: Economic Survey
New Delhi, Jan 31: India's monetary and financial sectors have performed well in the first nine months of the Financial Year 2024-25 with the gross NPAs of banks now down to a 12-year low of 2.6 per cent at the end of September 2024 while their profitability improved during H1 of FY25, with profit after tax surging by 22.2 per cent year-on-year, the Economic Survey stated.
Indian banks facing margin pressure amid high interese and declining loan growth: S&P Global
New Delhi, January 29: Indian banks are facing margin pressure as loan growth slows amid high interest rates, according to a report by S&P Global Market Intelligence.
After bloodbath, Indian stock indices in positive territory; Sensex rises over 500 pts
Mumbai, January 27: Indian stock markets on Tuesday witnessed volatility but managed to close in positive territory, taking a breather after Monday's bloodbath.
RBI's liquidity booster to ease stress in money markets: Top brokerages
New Delhi, Jan 28: The latest Reserve Bank of India (RBI) measures worth Rs 1.5 lakh crore to inject liquidity into the banking system should ease the stress in money markets, while the start of bond purchases is also likely to drive rupee rates lower through signalling effect and expectation channel that RBI will avoid any tightening of liquidity conditions and will potentially need to do more open market operation (OMO) purchases, leading brokerages said on Tuesday.
Indian stock market bounces back, ends 2-day decline
Mumbai, Jan 28: Indian stock markets on Tuesday witnessed a positive trend with the benchmark indices gaining strong ground after two days of decline amid mixed global signals.
RBI governor asks banks to continue financial stability, deepen financial inclusion, ensure affordable credit
Mumbai, January 27: RBI Governor Sanjay Malhotra held meetings with managing directors (MDs) and chief executive officers (CEOs) of Public Sector Banks and select Private Sector Banks on Monday. He flagged the rise in digital fraud and advised banks to establish robust and proactive systems to thwart such attempts.
Canara Bank's Q3 net profit rises 12 per cent to Rs 4,104 crore
New Delhi, Jan 27: Canara Bank on Monday reported a 12 per cent increase in its net profit to Rs 4,104 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 3,656.12 crore during the same quarter of 2023-24.
Large Indian NBFIs poised to outperform amid economic and regulatory challenges: Fitch Ratings
New Delhi, January 24: India's large non-bank financial institutions (NBFIs) are better positioned to weather economic and regulatory challenges compared to their smaller counterparts, according to Fitch Ratings.
HDFC Bank clocks 2.2 pc net profit growth in Q3, gross NPA deteriorates
Mumbai, Jan 22: India's largest private lender HDFC Bank on Wednesday reported a 2.2 per cent rise in its net profit for Q3 this fiscal, as its gross non-performing assets (NPA) ratio rose during the quarter.
RBI may revise liquidity management framework, introduce longer-term buy-sell swaps: SBI
Mumbai, January 20: The Reserve Bank of India (RBI) is likely to announce significant changes to its Liquidity Management Framework (LMF), according to a report by the State Bank of India (SBI).
3 Indian banks among top 25 global banks by market cap, ICICI standout performer
New Delhi, Jan 14: Three Indian banks -- HDFC Bank, ICICI Bank, and the State Bank of India (SBI) -- ended the fourth quarter (Q4) of 2024 at the 13th, 19th, and 24th spots in the top 25 global banks by market capitalisation, respectively, according to a new report.
Small Finance Banks' growth to moderate to 18-20 pc in FY2025: Report
Mumbai, January 14: After experiencing robust growth in FY2023 and FY2024, small finance banks (SFBs) are likely to see a moderation in growth to 18-20 per cent in FY2025, down from 24 per cent in FY2024, according to ICRA.
Growth of small finance banks in India projected to reach 20-23 pc in FY26
New Delhi, Jan 14: The growth of small finance banks (SFBs) in the country is set to reach 20-23 per cent in FY26 from 18-20 per cent in FY25, a report showed on Tuesday.
RBI may reduce policy rates by 50 basis points in the first half of 2025: Jefferies
New Delhi, January 3: The Reserve Bank of India (RBI) is likely to cut policy rates by 50 basis points (bps) in the first half of 2025, says a report by Jefferies.