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Minimum balance charges swell pvt banks' coffers by nearly Rs 5,000 cr in FY26Private banks collected over Rs 4,900 crore from account holders for minimum balance failures. Public sector banks also gathered Rs 2,100 c...
Home First Finance Q1 profit Up 35% on higher incomeHome First India Finance Company reported a 35% net profit increase for Q1 FY27. The company's operating profit also saw a 33% rise during ...
FIIs increase PSU exposure, trim stakes in private banksForeign investors reduced holdings in top private banks over the past year. They increased stakes in select public sector lenders, showing ...
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growthTamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net inter...
Global Market: China stocks rise as CXMT's blockbuster debut lifts market sentimentChinese stocks recovered on Monday after a strong debut by memory chipmaker CXMT Corp. The benchmark CSI300 Index and Shanghai Composite In...
PNB profit to cross Rs 20,000 cr mark in FY27: MD Ashok ChandraPunjab National Bank expects its FY27 net profit to exceed ₹20,000 crore after delivering more than ₹5,000 crore in quarterly profit for fo...
Governments must move beyond AI pilots to redesign public services: McKinseyGovernments must move beyond isolated AI pilot projects. Redesigning processes is crucial for fully realising AI's potential. A four-step a...
HDFC Bank, 3 other bank stocks wipe out Rs 1.5 lakh crore of investors' wealth after Q1. Time to buy the dip?Shares of HDFC Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank have erased over Rs 1.5 lakh crore in market value this week following the...
Punjab & Sind Bank hopes to surpass Rs 1,000 crore recovery target in FY27Punjab & Sind Bank anticipates exceeding its recovery target for the current fiscal year. The bank is actively reducing non-performing asse...
Global Market: BNP Paribas Q2 profit jumps 33% on strong trading, retail rebound; beats estimatesBNP Paribas reported a better-than-expected 33% rise in second-quarter net profit to €4.35 billion, driven by strong equity trading, a reco...
Punjab National Bank eyes ambitious target to break into world's top 100Punjab National Bank is setting its sights on breaking into the elite group of the world's top 100 lenders in the near future. With a signi...
SBI Funds makes strong D-St debut, ends 6.3% above IPO priceSBI Funds Management debuted on the stock market at a premium price. The company raised over ₹9,813 crore through its initial public offeri...
Rupee value is market-driven, has no target band against US dollar: FM SitharamanFinance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of India monitors foreign exchange mark...
Global Market: European lenders brace for solid Q2 results despite geopolitical uncertaintyEuropean banks are set to report another quarter of resilient earnings, supported by steady loan growth, higher interest rates, strong trad...
Global Market: Private capital crucial to Europe's defence push as funding bottlenecks persistPrivate investment will be crucial to funding Europe's growing defence industry as government budgets remain constrained, finance executive...
Private banks go for a tumble on D-St after Q1 stumbleMost private lender stocks declined Monday after first-quarter earnings showed profitability pressures. Axis Bank and HDFC Bank saw signifi...
Public sector modernisation efforts accelerate amid infrastructure challenges: ReportIndian public sector organisations are accelerating AI adoption for improved services. Containerisation and hybrid cloud infrastructure are...