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Despite strong macro signals for a repo rate cut, banks face financial strain and tightening credit risk. A cautious approach to further rate reductions is advisable to safeguard financial stability
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In a stock exchange filing, the bank said it had disclosed on April 22 that the IAD was conducting a review of its microfinance operations after certain concerns were raised.
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Economists have predicted dividend transfer to the government to be in range of Rs 2.5-3 lakh crore, sharply higher than what the central bank transferred last year, on account of profits made from its intervention in currency markets to stem the decline in the rupee in FY25.
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SMBC on Friday said it had signed a definitive agreement to take a 20% stake in Mumbai-based Yes Bank
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SEBI’s easing guidelines for FPIs may not spur demand in the short run, but easing macroeconomic conditions may give some comfort to these investors
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India's retail inflation slowed to 3.16 percent in April from 3.34 percent in March. It is the lowest year-on-year inflation since July 2019, the government said in a statement.
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Some of the IndusInd Bank officials were getting updates on demerger, credit approval, stake sale, acquisition, big investments in client companies, and had placed trades on the basis of this information before the news became public.
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They will take over from managing directors Jagannath Mukkavilli and Tablesh Pandey who superannuate at month-end
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SBI's proposal for a fund raise comes at a time other private sector lenders, including Axis Bank and IDFC First Bank, have sought to raise capital.
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Currency experts said that in the domestic market there is a buying of dollars from corporates possibly for oil and defence.
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In the last few months, especially after the start of rate cuts by the RBI, the yield on state government bonds fell by around 47 basis points, and the yield on government securities eased by around 40 bps.
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Source said that the company decided to issue the after the rate cuts by the Reserve Bank of India (RBI) to avail the lower rates from the market.
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A cooling inflation print offers the RBI a golden window — but will it act?
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According to data released by the Life Insurance Council, LIC collected Rs 13,610.63 crore in NBP for the month, up from Rs 12,383.64 crore in April 2024
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The growth was led primarily by the general insurance and standalone health insurance sectors, while specialised insurers witnessed a notable decline, data shows
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According to sources, the bank’s board has roped in Egon Zehnder to shortlist candidates for CEO position
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Promoter Bupa increasing its stake in Niva Bupa would depend on liquidity conditions, he said. "We’ll continue to look for opportunities in group accounts, but retail will remain our primary focus," Mahendra said.
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K. Satyanarayana Raju, MD and CEO of Canara Bank, said in an interview with Moneycontrol that the yield on corporate loans is likely to ease by 10–15 basis points in the coming months due to the RBI rate cut.
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The Finance Minister is also expected to nudge banks to strengthen governance, risk compliance, and lending practices, particularly in the context of ongoing heightened global tensions.
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On May 10, India and Pakistan agreed to a "full and immediate ceasefire" after days of escalating military tensions.
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For the full fiscal year FY25, SGI’s GWP grew by 24% to Rs 3,753 crore from Rs 3,036 crore in FY24
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The Japanese financial major is expected to file an application with the Reserve Bank of India to acquire a controlling stake in Yes Bank this week. After acquiring 20 percent from SBI and other banks, SMBC will increase its stake by another 31 percent in two more tranches, sources indicate.
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Bank of Baroda holds 64.98 percent stake in the IndiaFirst Life Insurance and has a shareholding of over 98 percent in Nainital Bank.
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There are 3.27 crore users on the BoB World mobile application as on March 31, 2025, an increase of seven percent from FY24.
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Given the opportunity, the bank can take more risks on its books in personal loans, non-mortgage-based retail loans, loan against property and auto loan, Chand explained.
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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.
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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
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A new management would be a good catalyst for Yes Bank’s valuation, feel analysts
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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
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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
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“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.
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The finance ministry's advisory follows similar alerts by CERT-In and RBI to step up security against possible cyberattacks
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The yield on 10-year benchmark 6.79 percent 2034 opened at 6.431 percent, as compared to 6.398 percent at previous close.
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On May 8, the rupee ended 1.04 percent lower, its worst fall in a single day in almost three years
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Jammu & Kashmir, Punjab, Rajasthan, Gujarat, and Himachal Pradesh collectively account for 12.81% of India’s total bank deposits and 13.41% of advances
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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
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The withdrawal was with a view to providing greater ease of investment to FPIs.
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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.
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The bank has given the NIM guidance of 2.75-2.80 percent for the financial year 2025-26.
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If the situation deteriorates, premiums could double or triple overnight, analysts have warned
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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.
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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.
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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
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The company is in talks for a $500 million-equivalent loan in Japanese Yen, expected to be finalised by September, says Sanjay Kulshestha
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During the post earnings call, Chandra also mentioned that the bank has received Rs 3,000 crore from the JSW Steel after the resolution.
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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.
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The 10-year benchmark bond yield opened at 6.37 percent against the previous close of 6.35 percent
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Indian armed forces launched Operation Sindoor in the early hours of May 7, hitting terror bases in Pakistan and PoK
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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
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The short term potential return for putting capital into the bank isn’t lucrative.
