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BANK PERFORMANCE
SRG housing loans worth Rs 400 crore may be fictitious: National Housing BankThe National Housing Bank raised concerns over SRG Housing Finance, identifying potentially fictitious loan accounts. Investigations have r...- Falcon launches MerlinFX AI agents to automate banking transactions in real-timeFalcon has launched MerlinFX, embedding AI agents directly into banking transaction systems. These agents automate tasks like reconciliatio...
- Coforge stock tanks 7% as chairman OP Bhatt resigns over audit concernsCoforge's stock took a hit following chairman Om Prakash Bhatt's unexpected resignation, which stemmed from concerns highlighted in an inte...
- Rupee's RBI-backed rally falters, slips past 95 on oil, slowing interventionThe Indian rupee slid past ninety-five against the dollar on Wednesday, influenced by climbing oil prices that have offset recent intervent...
- PC Jeweller shares jump 4%, surge 38% in one week. What's polishing the stock's shine?PC Jeweller shares have surged 38% in a week and 40% in a month as the company moves closer to becoming debt-free. The jeweller has repaid ...
- Nifty’s next rally needs two battered warhorses to wake up. Which one will revive first?For a continued uptrend, India's Nifty index relies heavily on the resurgence of the banking and IT sectors. Banks are poised for a quicker...
- Banks plan to e-auction cars, vehicles on BAANKNET to speed up recoveriesBanks are planning to auction cars and vehicles on the BAANKNET platform. This initiative aims to streamline the recovery of non-performing...
- PC Jeweller shares fall 5% after sharp 3-day rally; stock up 388% in 3 yearsPC Jeweller shares retreated after a 37% three-session rally, likely due to profit booking. Despite the decline, the stock remains up 31% i...
- PSB PLI scheme deferred amid employee concernsThe finance ministry said in a statement Monday it has taken cognisance of the concerns and decided to keep the implementation in abeyance ...
- Govt keeps PSB employees' PLI scheme for FY26 in abeyance after union representationThe government has postponed the performance-linked incentive scheme for bank employees. This decision follows employee representations see...
- Bank unions announce September 11, 2026 strike; declare 3-day nationwide strike, demand five-day working weekBank unions across the nation are set to embark on a nationwide strike on September 11, 2026, advocating for crucial reforms in the banking...
- Top 8 equity mutual funds deliver over 40% returns on SIP investments in 1 year. Do you own any?The top eight equity mutual funds delivered over 40% returns on SIP investments in the last one year, with seven smallcap funds and one foc...
- GIFT IFSC emerges as international banking hub with $52.82 bn FCNR(B) disbursals: Uday KotakGIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) de...
- Small finance banks' asset quality to improve, GNPA to drop by 120 basis points by March 2027: CrisilSmall finance banks anticipate improved asset quality this financial year. Gross non-performing assets are projected to decline significant...
- Small finance banks' asset quality to improve, GNPA to fall by March 2027: Crisil RatingsSmall finance banks anticipate improved asset quality by March 2027. Gross non-performing assets are projected to decline significantly fro...
- HDFC Bank CEO Jagdishan’s refusal to overhaul bank fueled surprise exit as chairman pushed for changesHDFC Bank CEO Sashidhar Jagdishan will depart after his term ends next month. New chairman Rajiv Kumar sought aggressive changes and execut...
- Bank unions announce strikes on September 11 over unresolved issuesThe United Forum of Bank Unions (UFBU), representing over 90% of India’s banking workforce, has announced strikes on September 11 and Septe...
- HDFC Bank shares gain 3% as CEO Jagdishan rejects new term; Morgan Stanley, Jefferies, others weigh inHDFC Bank share price rose up to 3% on Monday after the lender's Managing Director and CEO Sashidhar Jagdishan opted against reappointment,...
- HDFC Bank eyes revival after peer outperformanceSashidhar Jagdishan's tenure at HDFC Bank ends with operational strength but weak stock performance. The bank improved asset quality and lo...
- Indian Bank to add 100 branches, hire 2,500 as expansion shifts westIndian Bank plans to open approximately one hundred new branches this year. The bank will also increase its workforce by about two thousand...
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