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Higher FCNR and NRE FD interest rates: This bank revises NRE rates to 7.60% and FCNR rates to 7.40%; check detailsAU Small Finance Bank has raised interest rates on FCNR(B) and NRE fixed deposits. These new rates are effective from July 27, 2026, for sp...
Canara Bank targets up to $2.5 billion via FCNR-B, overseas borrowingsCanara Bank plans to raise up to $2.5 billion through FCNR-B deposits and overseas borrowings to boost dollar inflows. The lender reported ...
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...
AU Small Finance Bank raises NRI deposit rates by 30-60 basis pointsAU Small Finance Bank has increased its non-resident deposit rates by up to sixty basis points. The bank raised its peak interest rate on F...
IDFC First Bank shares soar 9% after Q1 profit jumps 132% to Rs 1,075 crore. What are analysts saying?IDFC First Bank share price gained 9% after it reported its highest-ever quarterly profit after tax of Rs 1,075 crore. Net interest income ...
India may see up to $85 billion in forex inflows after RBI's FCNR move: ReportIndia anticipates substantial Foreign Currency Non-Resident deposits, possibly reaching eighty to eighty-five billion dollars. Public secto...
Bank credit growth eases to 17.7% in fortnight to July 15Bank credit growth saw a slight deceleration to 17.7 percent year-on-year. Deposit growth also moderated to 12.7 percent in the same period...
Bank of India aims to raise $1.2 billion through FCNR-B deposits, plans additional $2 billion overseas borrowingBank of India seeks $1.2 billion from foreign currency deposits and $2 billion from overseas borrowings. The bank has already secured $200 ...
Private bank ETFs back in focus as valuations turn attractivePrivate bank stocks present a thematic investment opportunity with reasonable valuations. These banks are showing improved margins and stro...
IDFC First Bankscam: CBI searches in Chandigarh, LudhianaThe CBI conducted searches in Chandigarh and Ludhiana concerning a Rs 657 crore fund misappropriation. These searches targeted beneficiarie...
IndusInd Bank shares fall 5% despite 72% YoY Q1 profit surge. Why analysts remain bullish?IndusInd Bank shares fell despite reporting a 72% year-on-year jump in Q1 FY27 net profit to Rs 1,037 crore and brokerages raising target p...
IndusInd Bank Q1 Results: Profit soars 72% YoY to Rs 1,037 crore; NII flatIndusInd Bank reported a 72% year-on-year jump in consolidated Q1 net profit to Rs 1,037 crore, aided by lower provisions despite flat net ...
Diaspora dollars are coming, but India needs export resilience, not quick fixesThe Reserve Bank of India's special deposit scheme is successfully attracting significant foreign currency from overseas Indians. Banks hav...
Bandhan Bank Q1 profit jumps 35% as provisions decline sharplyBandhan Bank reported a 35% rise in Q1 net profit to Rs 502 crore, driven by lower provisions despite weaker operating profit. Gross NPAs i...
Cause for concern? HDFC Bank is lagging ICICI Bank where it matters as investors count Rs 5 lakh crore lossHDFC Bank's stock has declined significantly this year, losing considerable investor value. Analysts note a widening operating gap between ...
Credit-deposit gap to persist as loan demand dynamics have changed, says SBI ResearchA noticeable gap between credit and deposit growth is troubling the banking landscape. Consumers are shifting their savings from traditiona...
Rs 91,000 crore wipeout: What spooked HDFC Bank, Axis Bank and Kotak investors even as credit growth picked up?Nearly Rs 91,000 crore was wiped off the market value of HDFC Bank, Axis Bank and Kotak Mahindra Bank as stronger credit growth failed to o...