Indian Banks News - Latest Updates & Headlines
Fitch affirms stable rating on Punjab National Bank
New Delhi, March 11: Fitch Ratings has affirmed Punjab National Bank's (PNB) Long-Term Issuer Default Rating (IDR) at 'BBB-' and its outlook as 'Stable. '
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.
Budget focuses on ease of doing biz, financial discipline: IBA Chairman
New Delhi, Feb 1: The Union Budget has largely focused on ease of doing business, rationalisation of the personal income tax slabs to encourage domestic consumption, further push to the flow of institutional financial resources to farmers, MSMEs and exports and above all maintaining financial discipline, Indian Banks’ Association (IBA) Chairman and Central Bank of India Managing Director and CEO M.V. Rao, said on Saturday.
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.
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.