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BANKING SECTOR
Niti Aayog's Lahiri flags growth risks in case of further monetary policy tighteningIn India, it's essential for policymakers to harmonize growth output with inflation expectations. Niti Aayog’s Ashok Lahiri pointed out the...
Bank of Baroda Q2 profit jumps 36% to Rs 6,532 crore on NSE stake saleBank of Baroda reported 36% year-on-year profit growth to Rs 6,532 crore in Q2FY27, boosted by NSE stake sale gains and higher interest inc...
Govt sets up banking committee under Suresh N Patel to chart reforms for Viksit BharatThe government on Friday constituted a High Level Committee on Banking for Viksit Bharat, appointing former Central Vigilance Commissioner ...
Banks must go beyond lending to unlock Bengal's industrial potential: NITI Aayog's Ashok LahiriNITI Aayog vice-chairman Ashok Lahiri emphasized the need for banks to facilitate connections between businesses and financial resources. H...
India's services economy stays resilient as 17 sectors post growthIndia's services sector recorded widespread growth in August, with 17 of the 19 tracked segments expanding and 13 registering double-digit ...
IDBI Bank employees' forum opposes majority stake sale to Fairfax, seeks parliamentary reviewUnited Forum of IDBI Officers and Employees has expressed opposition to the proposed sale of IDBI Bank. Concerns include potential underval...
India's banking sector poised for double-digit credit growth despite macroeconomic challengesIndia's banking sector exhibits confidence in achieving sustained double-digit credit growth across various segments. Demand for retail and...
Bandhan Bank Q2 profit jumps 5.6 times as asset quality improvesBandhan Bank reported a five-fold rise in Q2 profit to Rs 622 crore, supported by lower provisions and improving asset quality. Net interes...
Global Market: European shares waver as earnings, rising oil weigh on sentimentEuropean shares edged lower as investors assessed mixed bank earnings and rising oil prices ahead of the European Central Bank’s policy dec...
Banks worry more about geopolitics than borrowing costs, survey showsGeopolitical risks and supply-chain disruptions are major barriers to private sector capital expenditure growth. A survey indicates that ba...
These 7 private and public banking stocks have an upside of up to 27% in one year, according to analystsIf interest rates stay high, and there are signs of a slowdown, banks that depend on retail deposits are the ones to watch carefully. That ...
PSU vs private banks: The real story behind the Q2 divergencePublic sector banks are experiencing stronger net interest margin growth compared to their private counterparts this quarter. Despite facin...
Indian Overseas Bank to raise $500 million as Q2 profit jumps 56%Indian Overseas Bank plans to raise $500 million through external commercial borrowings in two tranches by December. The lender reported a ...
Asia-focused banks face bond market risks ahead of Q3 earningsAsia-focused banks face mounting pressure from rising bond yields, inflation and currency volatility ahead of third-quarter earnings. HSBC,...
Double-digit growth seen on corporate scoreboard in Q2, but bank, IT, pharma lagSeptember quarter earnings exhibited significant revenue and profit growth for various companies in key sectors. Revenue rose by 22.1% with...
‘Wars now target economies’: PM Modi warns of ‘cyber terrorists’, calls for stronger banking securityPrime Minister Narendra Modi inaugurated the Reserve Bank of India's new data centre and Cybersecurity Training Institute in Bhubaneswar. H...
Banks see ₹5.19 lakh crore deposit outflow, credit shrinks ₹2.52 lakh croreKolkata's banking sector faced a Rs 5.19 lakh crore withdrawal of deposits in the fortnight ending October 15. Credit outstanding also cont...
Jammu & Kashmir Bank Q2 Results: Net profit rises over 10% YoY to Rs 546 crore, NII jumps 5%Jammu & Kashmir Bank reported a 10.6% year-on-year rise in Q2 net profit to Rs 546.4 crore. Operating profit increased 26.7%, while asset q...
Barclays to cut 5,000 jobs this yearBarclays is cutting around 5,000 jobs, or 5% of its workforce, this year as it deploys technology, including artificial intelligence, to re...
Want exposure to India's biggest banks? Zerodha launches new ETFZerodha Fund House has launched the BSE Top 10 Banks ETF, tracking India’s largest listed banks. The NFO runs from October 12 to October 26...