Banking News
Latest news, explainers and analysis on Banking News. Tracking 10 stories on Arth Vani.
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IndusInd Bank Q1 Net Profit Jumps 71% to ₹1,037 Crore as Loan Growth Recovers
IndusInd Bank reported a strong 71% year-on-year growth in net profit for the first quarter, driven by a recovery in loan disbursements and better asset quality. While the bank showed sequential growth, analysts suggest further consistency is needed to confirm a full turnaround.
Dubai’s Emirates NBD Invests ₹26,016 Crore in RBL Bank to Scale Up Operations
Emirates NBD has finalized a massive capital infusion into RBL Bank, acquiring a significant stake through a ₹26,016 crore share purchase. This move is expected to bolster RBL Bank’s financial stability and improve services for its retail and credit card customers.
Kotak Mahindra Bank Eyes Expansion Through New Acquisitions and Organic Growth
Kotak Mahindra Bank is shifting gears to accelerate its growth by combining traditional expansion with strategic acquisitions. Following its recent takeover of Deutsche Bank's Indian retail portfolio, the bank aims to leverage its strong balance sheet to capture a larger share of India's growing economy.
HDFC Bank Retains Keki Mistry as Interim Chairman for Three More Months
India’s largest private lender, HDFC Bank, has received RBI approval to extend Keki Mistry’s tenure as interim part-time chairman. The move ensures leadership stability and institutional continuity following the resignation of the previous chairperson.
First-Time Borrowers Hit as Microfinance Lenders Prioritize Safety Over New Growth
Microfinance lenders in India are becoming increasingly cautious, making it harder for individuals without a credit history to secure loans. A recent SIDBI-Equifax study reveals that the share of first-time borrowers has plummeted from 33% to just 20% as lenders focus on customers with proven repayment records.
IDBI Bank Shares Jump 19% as Privatisation Hopes Return to the Spotlight
IDBI Bank's stock price surged following reports that the Indian government is reviving talks for its long-awaited stake sale. Investors are also cheering the lender's strengthening financial health, including better asset quality and higher interest income.
HDFC Bank Board to Review Governance Findings; Seeks Extension for Chairman Keki Mistry
India's largest private lender, HDFC Bank, will meet on June 18 to discuss internal legal findings following concerns raised by outgoing part-time chairman Atanu Chakraborty. The board is also seeking a three-month term extension for interim chairman Keki Mistry to ensure leadership stability.
PNB Recovers ₹193 Crore as Prudent ARC Wins Bid for Aban Offshore Debt
Punjab National Bank has successfully offloaded ₹1,080 crore of stressed debt from Aban Offshore to Prudent ARC. The deal provides the bank with a higher recovery than what the promoters had originally offered, strengthening PNB's balance sheet.
RBI Revives FCNR(B) Route to Stabilize Rupee and Attract NRI Dollars
The Reserve Bank of India is re-deploying a trusted strategy to boost foreign currency inflows by encouraging Non-Resident Indians to park funds in FCNR(B) deposits. This move aims to protect the Rupee's value and maintain domestic purchasing power amid global economic pressures.
SBI Pays ₹8,813 Crore Dividend to Government Following Strong Profit Growth
State Bank of India has handed over a massive dividend cheque of ₹8,813 crore to the Union Government for the 2025-26 financial year. The payout comes on the back of a robust 6% growth in the bank's quarterly net profit.
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