Banking Sector News - Latest Updates & Headlines
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.
India offers a compelling growth opportunity for foreign banks: FM Sitharaman
New Delhi, April 9: India offers a compelling growth opportunity for foreign banks and the government is actively encouraging foreign investment in the banking sector, Union Finance Minister Nirmala Sitharaman has stressed.
Regulatory easing to support India's credit growth expansion at 10.8% in FY26: ICRA
New Delhi, April 8: Rating agency ICRA expects India's credit growth to expand at 10.8 per cent in the current financial year 2025-26.
RBI's monetary policy easing likely to support 10.8 pc growth in credit in FY 2026: Report
Mumbai, April 8: Measures taken by the Reserve Bank of India (RBI) to ease the monetary policy in recent months are expected to support a year-on-year credit expansion of around 10.8 per cent at Rs 19 lakh crore to Rs 20.5 lakh crore in 2025-2026, according to an ICRA report released on Tuesday.
India's financial system has become more resilient, diverse: SEBI
New Delhi, April 5: India’s financial system has become more resilient and diverse, driven by rapid economic growth, and regulatory framework in securities markets has been enhanced in line with international practice to manage and prevent emerging risks, the Securities and Exchange Board of India (SEBI) said on Saturday, citing a latest IMF-Financial System Stability Assessment (FSSA) report.
Credit growth of banks expected to reach 13 Pc in FY26 from 11.2 pc in FY25: Report
New Delhi, March 31: The credit growth of India's banking sector is likely to rise to 13 per cent in the financial year 2025-26 (FY26) from the current level of 11.2 per cent, according to a report by Anand Rathi.
India's banking sector loan growth to stay between 12-14% in FY26: Report
New Delhi, March 30: The loan growth of banking sector in the country will stay in the range of 12 to 14 per cent in the Fiscal Year 2026, according to a report by Ambit Capital.
Credit offtake continues to rise but at a slower pace: CareEdge Ratings
New Delhi, March 27: Credit offtake continues to rise but at a slower pace as compared to last year. As of March 7, total bank credit stood at Rs 181.3 lakh crore, reflecting an 11.1 per cent year-on-year (YoY) growth says a report by CareEdge Ratings
Public sector banks' dividend payout rises 33 pc in FY24: Centre
New Delhi, March 23: Public sector banks (PSBs) in India have shown significant financial improvement, as their dividend payouts increased by 33 per cent to Rs 27,830 crore in the financial year 2023-24.
IndusInd Bank may see a new CEO by October: Report
New Delhi, March 22: IndusInd Bank may see a new CEO, replacing Sumant Kathpalia, in six months and once the potential names are submitted with the Reserve Bank of India (RBI), the Central Bank will finalise Kathpalia's successor.
Moody's places IndusInd bank credit assessment on review for downgrade
New Delhi, March 18: Concerns over internal control discrepancies in derivative accounts and retail loan stress of IndusInd bank has prompted rating agency Moody's to place the bank's baseline credit assessment under review for downgrade.
Banking services to be affected from March 22 to25 as union calls for nationwide strike
New Delhi, March 17: The United Forum of Bank Unions (UFBU) has called for a nationwide two-day strike on March 24 and 25, demanding better recruitment across all cadres, regularisation of temporary employees, and the implementation of a five-day work week in the banking sector.
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.