Indian Banking News - Latest Updates & Headlines
Microfinance revival on horizon in India, banks to lead the charge: HSBC report
Mumbai, March 19: The outlook for microfinance institutions (MFIs) in India is improving after months of stress caused by overleveraging of borrowers, a new report said on Wednesday.
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.
Credit card spending in India sees 14 pc growth at Rs 1.84 lakh cr in Jan
Mumbai, March 4: Total credit card spending in India reached Rs 1,84,100 crore (Rs 1,841 billion) in the month of January, marking a strong 14 per cent growth (year-on-year), a report showed on Tuesday.
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.
NRI accounts clock 43 per cent jump in funds to $13.33 billion in April-Dec
Mumbai, Feb 20: The flow of funds from Indians working overseas into non-resident Indian (NRI) bank accounts has shot up by 42.8 per cent to $13.33 billion between April and December 2024, compared to $9.33 billion during the same period in 2023, according to the latest figures compiled by the Reserve Bank of India (RBI).
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.
PSBs highest-ever net profit of rs 1.29 lakh crore recorded, marking 31.3 per cent growth
New Delhi, February 6: Public Sector Banks (PSBs) have recorded the combined net profit surged to an all-time high of Rs 1,29,426 crore during April-December 2024, registering a 31.3 per cent year-on-year (YoY) growth.
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.
Indian banks to see range-bound 12.5% credit growth in 2024-25: HSBC
New Delhi, January 3: Credit growth of Indian banks are expected to witness a range-bound 12.5 per cent growth in the current financial year 2025, HSBC Global Research said in a report, attaching a rider that slowdown in GDP growth remains a downside risk.