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IPO-bound Muthoot Fincorp doubles Q2 profit to Rs 779 crore, bucks trend of rising bad loansMuthoot Fincorp doubled its second-quarter net profit to Rs 779 crore from Rs 388 crore a year earlier, while its gross bad-loan ratio impr...- Fairfax's Rs 52,878-crore IDBI Bank deal sets stage for a financial services powerhouseFairfax Financial Holdings has successfully acquired a controlling stake in IDBI Bank for Rs 52,878 crore. The investment aims to redefine ...
- Bank earnings rise 20% in Q2 as lower provisions, healthy income growth support performance: KotakIndian banks are projected to benefit from a rising interest rate cycle and favorable loan mix in upcoming quarters. Earnings growth is ant...
- The great Indian money hunt: Why India's shadow banks are pulling in billions of dollarsBlackstone is negotiating a significant investment in IIFL Finance, indicating rising global interest in non-bank lenders. Recent deals inc...
- Agri loans emerge as biggest asset quality risk for Indian banksAgricultural loans in India are currently facing significant asset-quality risks, with bad-loan ratios surpassing other sectors. The gross ...
- How a banking scandal is taking down Trump’s ally in ParaguayParaguay's Ueno Bank has collapsed, leaving customers locked out of their accounts and prompting nationwide protests. President Santiago Pe...
- Microfinance lenders tread cautiously amid rural stressThe microfinance sector experienced varied performance in the second quarter of FY27, reflecting economic uncertainty. Bandhan Bank and Cre...
- Gold loan NPA rises in first five months while eases over a three-year horizonIndia’s gold loan market has experienced a rise in non-performing assets, reaching 0.78% by August 2023. The total outstanding volume grew ...
- Diwali 2026: Will banking stocks shine in Samvat 2083? Analysts list top picksWith Diwali 2026 on the horizon, banking stocks like HDFC Bank, ICICI Bank, and Karur Vysya Bank are drawing attention from analysts as pot...
- SBI hunts for weak links after suspected cyberattack exposed 3,897 customer recordsState Bank of India (SBI) is investigating a suspected cyberattack that may have exposed 3,897 customer records, with root cause analysis s...
- Rise in NPA is transitory, as borrowers take time to adjust to new rules, says Muthoot Finance MDMuthoot Finance has indicated an increase in bad loans linked to evolving lending regulations that are affecting borrowers. The company exp...
- IDBI Bank employees' forum opposes Fairfax stake sale, seeks parliamentary reviewThe United Forum of IDBI Officers and Employees has opposed the planned sale of IDBI Bank's majority stake. They have requested an immediat...
- Sitharaman says NDA revived IDBI Bank after UPA-era bad loan crisisIn response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank than...
- ‘IDBI Bank was handed over to us in poor shape’: Sitharaman hits back at Rahul Gandhi amid sale rowNirmala Sitharaman responded to criticisms regarding the sale of IDBI Bank's majority stake. The bank was previously in poor condition and ...
- Cholamandalam Investment Q2 Results: Profit surges 41% to Rs 1,630 crore; co plans to raise Rs 5,00O crore via QIPCholamandalam Investment and Finance Company has reported an impressive 41 percent surge in net profit for the second quarter, marking Rs 1...
- Indian markets rebound, but rising oil prices keep investors cautiousOn Monday, Indian equity markets staged a comeback following four days of losses, with both the BSE Sensex and NSE Nifty seeing notable gai...
- Bank of Maharashtra Q2 profit jumps 41.5% as bad loans declineBank of Maharashtra posted a 41.5% year-on-year rise in Q2 net profit to Rs 2,310 crore, supported by stronger income, deposit and credit g...
- PNB aims to bring cost-to-income ratio below 50% this fiscal, 45% by FY29: MD ChandraPunjab National Bank is focusing on bringing its cost-to-income ratio below 50 percent in the current financial year. The bank aims to furt...
- IndusInd Bank posts Rs 1,242 crore net profit on lower provisionsIndusInd Bank reported an impressive consolidated net profit of ₹1,242 crore for the September quarter, marking a robust recovery from the ...
- SBI Cards Q2 profit jumps 75% YoY to Rs 778 crore as bad loan costs fall sharplySBI Cards reported a 75% year-on-year profit increase to Rs 778 crore in Q2 FY27, driven by lower credit costs and improved asset quality. ...
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