Banking

In the March quarter, banks reported an aggregate consolidated net profit of Rs 1.03 lakh crore, and the figure is expected to rise further, as five listed banks are yet to announce earnings.

Banking Central| Will April inflation data give the go-ahead to June rate cut?

Retail inflation in April is expected to have fallen to a six-year low of 3.27 in April, which will give the RBI the space to push for growth amid challenging domestic and international situations

A new chapter awaits Yes Bank, post Japanese investors' entry

A new management would be a good catalyst for Yes Bank’s valuation, feel analysts

CoC likely to join JSW Steel in seeking review of Supreme Court’s Bhushan Steel verdict

JSW Steel is expected to file a review petition within 30 days from the judgment and the only possible remedy for lenders is to join the company in appealing the verdict

PSU banks step up branch review for adequate cash, safety guidelines

An official with a large PSU bank said the lender has stepped up cybersecurity and asked employees to not click any unauthorised links and report it to the IT department

Rupee recovers in afternoon trade on likely RBI intervention

“RBI has been selling dollars in the spot market since morning to avoid sharp depreciation in rupee,” one dealer with a state-owned bank said.

Govt asks RBI, NPCI, others to amp up cyber security amid widening conflict with Pakistan

The finance ministry's advisory follows similar alerts by CERT-In and RBI to step up security against possible cyberattacks

10-year bond yields open 4 bps higher as India-Pakistan tensions flare up

The yield on 10-year benchmark 6.79 percent 2034 opened at 6.431 percent, as compared to 6.398 percent at previous close.

Rupee opens 14 paise down at 85.85 against dollar as India-Pakistan conflict widens

On May 8, the rupee ended 1.04 percent lower, its worst fall in a single day in almost three years

Banks keep a close watch on border states as India-Pakistan conflict escalates

Jammu & Kashmir, Punjab, Rajasthan, Gujarat, and Himachal Pradesh collectively account for 12.81% of India’s total bank deposits and 13.41% of advances

Union Bank of India Q4 FY25 net profit rises 51% to Rs 4,984 crore

For the full financial year, Union Bank of India posted a net profit of Rs 17,98,714 lakh, marking a year-on-year growth from Rs 13,64,831 lakh in FY24

RBI relaxes norms for FPI investment in corporate debt securities via General Route

The withdrawal was with a view to providing greater ease of investment to FPIs.

IndusInd Bank’s CD yields 10-15 bps higher in secondary market amid uncertainty

According to the Clearing Corporation of India (CCIL) data, traded yield on the IndusInd Bank CDs were in the range of 6.52 percent to 6.95 percent, as compared to 5.89-6.95 percent for private peers, and 5.70-6.70 percent for PSU banks.

Canara Bank expects pressure on NIMs in FY26 due to expectation of more rate cuts: CEO

The bank has given the NIM guidance of 2.75-2.80 percent for the financial year 2025-26.

Indian insurers brace for commercial shipping insurance surge, as India-Pak tensions threaten Arabian sea trade

If the situation deteriorates, premiums could double or triple overnight, analysts have warned

SBI, Bank of Baroda bid in most OMOs since January, received major liquidity support

The central bank has infused Rs 4.15 lakh crore through OMO auctions into the banking system, infused via 12 auctions starting January 30 till May 6, with more lined up later this month.

Indian rupee ends 1.04% down in single day, most since 2022 amid escalating India-Pakistan tensions

Currency experts said that there was Reserve Bank of India’s (RBI) intervention in the market at 85.49 levels, which helped the levels to come down by 10 paise on foreign exchange.

CRISIL places IndusInd Bank's long-term debt instruments on 'rating watch'

In Q4, the bank's retail and small businesses deposits slipped to Rs 1.85 lakh crore from Rs 1.89 lakh crore in the December quarter, the agency said

HUDCO aiming for zero bad loans, planning overseas debt issue: CEO Kulshestha

The company is in talks for a $500 million-equivalent loan in Japanese Yen, expected to be finalised by September, says Sanjay Kulshestha

PNB-led CoC of Bhushan Power to meet in 2-3 days to decide on future course of action: CEO Ashok Chandra

During the post earnings call, Chandra also mentioned that the bank has received Rs 3,000 crore from the JSW Steel after the resolution.

T-Bill cut-off yield at 5.87% across maturities thanks to RBI’s durable liquidity

Experts said that the fall in yield on the treasury bills is expected to help reduce pricing of other money market instruments. This may help corporates and banks by way of lower borrowing cost. 

Bond yields rise after India strikes terror bases in Pakistan, PoK

The 10-year benchmark bond yield opened at 6.37 percent against the previous close of 6.35 percent

Rupee opens 18 paise down at 84.62 against dollar after India hits terror camps in Pakistan

Indian armed forces launched Operation Sindoor in the early hours of May 7, hitting terror bases in Pakistan and PoK

RBI likely to announce Rs 2.5-3 trillion dividend transfer to government today

The RBI is likely to announce dividend transfer today. Last year, the central bank transferred Rs 2.1 lakh crore. The Centre expects to receive Rs 2.56 lakh crore from the RBI and public sector banks in FY26, finance minister Nirmala Sitharaman said in her Budget speech

Is Yes Bank ready for a big-league backer?

The short term potential return for putting capital into the bank isn’t lucrative.

Chart of the Day | Banks’ CD ratio is again back to below 80%. What does it tell us?

Caution among banks and RBI cues have played out to bring down CD ratio

Grant Thornton identifies 25 IndusInd Bank staff involved in derivative accounting lapses: Sources

Sources say not all employees may be terminated as some involved in the lapses may have flagged the consequences of improper accounting practices to senior management. Such employee could be moved to other departments internally, while the rest may be asked to quit.

Private general insurers to raise concerns with fin min over 4% mandatory cession to GIC Re, citing profitability strain

While public sector insurers may face less competitive pressure to optimise reinsurance costs, as the mandatory cession aligns with their operational framework, private insurers may face financial stress, say sources.

Gold loan NBFCs may grow at a slower pace under proposed RBI norms, says Crisil

Gold loan NBFCs may need to reduce their LTV at disbursement from current 65-68% to around 55-60%, in order to comply with revised norms, a Crisil note has said.

Why private sector banks couldn’t rake up a decent operating profit growth in Q4

Operating profit growth could elude private sector lenders for some more time

Bhushan Steel - JSW SC Verdict: CoC, Govt working on likely remedies

On May 5, secretary of Department of Financial Services, M. Nagaraju said that the government is studying the judgement and may finalise the next step after consultation with government advocates

6 of 7 private banks face slump in operating profits, margins in Q4 FY25

The decline stemmed from weaker demand in specific loan segments and deliberate efforts by banks to reduce elevated loan-to-deposit ratios. Moreover, this trend may persist.

Indian Overseas Bank expects MTNL account resolution in 2-3 quarters

IOB MD and CEO Srivastava said the bank has made a 100 percent provision on this account from the cushion created on their balance sheet.

DFS Secretary denies plans to merge state-owned insurers

Last week, some media reports had said that the government is considering the merger of four state-owned general insurance companies into a single entity. These companies are New India Assurance, National Insurance, Oriental Insurance and United India Insurance.

IDBI Bank stake sale to get completed by end of 2025: DFS secretary

Government and LIC plan to jointly offload a 61 percent stake in the lender, which includes 30.48 percent held by the Centre and 30.24 percent by the insurance firm

Marquee investors TIAA, Accion, Motilal raise stake in IKF Finance after funding round upsized to Rs 800 crore

Moneycontrol had earlier reported that IKF was in talks to raise $70–80 million from Norwest and a sovereign fund. Sources now indicate that the round has been upsized to $96 million, with fresh capital coming from existing institutional investors, promotors, and Norwest as a new entrant.

Why Kotak Mahindra Bank deserves a place in the core portfolio

Post the lifting of the RBI embargo, the stage is set for acceleration and market share gain as the bank eyes the coveted third spot among private players

Banking Central | How critical is RBI group's proposal to extend trade timings?

Extended trading hours and synchronised settlements aim to boost liquidity and global alignment

Why Supreme Court’s Bhushan Power ruling rattles IBC framework

JSW Steel’s rejected bid and the order for liquidation signal judicial overreach that could undermine the IBC’s core principles

Credit card segment to reach pre-embargo levels in 6 months, Kotak CEO Vaswani says

Kotak expects steady performance in its personal loan portfolio and credit card segment in FY26, CEO Vaswani says

Further rate cuts by RBI will put pressure on bank's margins going ahead: SBI Chairman CS Setty

There is a growing consensus among market participants that the RBI will cut more rates in the coming policies, in order to support growth amid a tariff war, with a cooling inflation providing the elbow room for lower rates

RBI imposes penalties on ICICI Bank, Bank of Baroda, Axis Bank, 2 other lenders

In all cases, the RBI said the penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.

RBI’s working group recommends extending call money market timings

The group, however, has not recommended changing the timings of the government securities, interest rate derivatives, and foreign exchange markets.

Indian Overseas Bank’s Rs 4,000-crore equity capital raise plan to lower govt’s holding to 90%: CEO

As on March 31, government holds 94.61 percent stake in the Indian Overseas Bank.

MC Analysis| Rupee has gained over 2% in 2025

Easing tariff tensions which prompted Trump to say that talks with India were "going great," and the possibility that the two nations could soon reach a deal have helped the local currency.

Indian Overseas Bank Q4 results: PAT rises 30% on-year to Rs 1,051 crore

On sequential basis, net profit of the bank rose 20.3 percent.

Vault matters | What’s behind the growing disconnect between Nifty Bank Index and reality

The Nifty Bank index has outperformed the bell-weathered index by a decent margin across timeframes. The index is clearly exhibiting a sense of optimism, but one unfortunately is not reflecting in the sentiments of those running these banks

FPI investment in G-secs still slow despite pause on Trump tariffs in a sign of caution

According to Clearing Corporation of India’s (CCIL) data, foreign investors investment in government bonds stood at Rs 2.95 lakh crore as on May 2, compared to Rs 3.06 lakh crore as on April 2, before the imposition of Trump's tariffs.

Rupee extends gains, below 84/$ for the first time since October 2024

Currency experts said that inflows into equities and debt, and positive talks between India and US on tariffs is helping Indian rupee to gain

What is ailing ONDC?

The network’s core proposition—to unbundle digital commerce and give businesses direct access to consumers—remains compelling in theory. But in execution, the cracks are increasingly visible