RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks
4 months, 2 weeks ago

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks

Live Mint  

India’s central bank, the Reserve Bank of India, announced on Wednesday that the State Bank of India, HDFC Bank, and ICICI Bank remain designated as domestic systemically important banks. According to the RBI, SBI and HDFC Bank will face heightened capital buffer requirements beginning April 1, 2025. PSBs vs Private banks Separately, a recent report by SBI highlighted robust financial performance by public sector banks in the second quarter of fiscal year 2025, surpassing private sector banks in net profit growth. According to the report, PSBs recorded a year-on-year profit growth of 39.3 per cent, significantly outpacing private banks, which grew by only 7.1 per cent.

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History of this topic

RBI likely to maintain rate-cut cycle amid global growth challenges and inflation fall, finds HDFC MF report
3 days, 1 hour ago

RBI likely to maintain rate-cut cycle amid global growth challenges and inflation fall, finds HDFC MF report

Live Mint  

India's central bank is likely to continue its rate cut cycle amid global growth challenges and inflation reaching within target levels, according to an HDFC Mutual Fund report. The Reserve Bank of India's repo rate cuts are expected to continue as risk of headwinds in global growth looms large, especially due to the economic conditions in the United States, it …

RBI issues revised priority sector lending norms effective April 1
4 days, 18 hours ago

RBI issues revised priority sector lending norms effective April 1

Live Mint  

Mumbai, Mar 24 The Reserve Bank on Monday issued revised guidelines on Priority Sector Lending to facilitate better targeting of bank credit to the priority sectors of the economy. "The enhanced coverage of the revised guidelines is expected to facilitate better targeting of bank credit to the priority sectors of the economy," the RBI said in a statement. Bank loans …

Bank IPOs and the great boomerang
6 days, 12 hours ago

Bank IPOs and the great boomerang

The Hindu  

In a fast-growing economy like India where inflation is entrenched, what could be worse than keeping your cash idle and not earning anything on it? The abysmal long-term performance of many banking stocks is back in focus after markets witnessed IndusInd Bank plummet over 30% in the last couple of weeks, its deepest cut in 20 years. Further after mind-blowing …

HDFC Bank vs ICICI Bank vs Axis Bank: Which banking stock to buy after Q3 results 2025?
2 months ago

HDFC Bank vs ICICI Bank vs Axis Bank: Which banking stock to buy after Q3 results 2025?

Live Mint  

HDFC Bank, ICICI Bank and Axis Bank, the top three private sector banks in India, have declared their earnings for the third quarter of FY25. Here’s a comparison among HDFC Bank, ICICI Bank and Axis Bank after the Q3 results: HDFC Bank Q3 Results HDFC Bank, the largest private sector lender in India, reported a marginal 2.2% year-on-year rise in …

HDFC Bank in focus: Should you buy, sell, or hold India’s largest private bank’s stock after Q3 results? EXPLAINED
Trending News
2 months ago

HDFC Bank in focus: Should you buy, sell, or hold India’s largest private bank’s stock after Q3 results? EXPLAINED

Live Mint  

HDFC Bank Q3 Results: HDFC Bank announced its October-December quarter results for fiscal 2024-25 on Wednesday, January 22, reporting a rise of 2.2 per cent in its standalone net profit to ₹16,735.50 crore, compared to ₹16,372 crore in the corresponding period last year. HDFC Bank Q3 Results Along with HDFC Bank's core income, total expenses for the October to December …

HDFC Bank Q3 2025 results: Net profit rises 2.2%
Top News
2 months, 1 week ago

HDFC Bank Q3 2025 results: Net profit rises 2.2%

Hindustan Times  

HDFC Bank Q3 2025 results: HDFC Bank, India's largest private sector lender, on Wednesday announced its third quarter earnings for the financial year 2024-25. HDFC Bank Q3 2025 results: HDFC Bank Ltd has announced its third quarter earnings for the financial year 2024-25 on Wednesday, January 22, 2025. Its core net interest income grew by 7.7 per cent to ₹30,650 …

HDFC Bank Q3 2025 results: Net profit rises 2.2%
Top News
2 months, 1 week ago

HDFC Bank Q3 2025 results: Net profit rises 2.2%

Hindustan Times  

HDFC Bank Q3 2025 results: HDFC Bank, India's largest private sector lender, on Wednesday announced its third quarter earnings for the financial year 2024-25. HDFC Bank Q3 2025 results: HDFC Bank Ltd has announced its third quarter earnings for the financial year 2024-25 on Wednesday, January 22, 2025. Its core net interest income grew by 7.7 per cent to ₹30,650 …

HDFC Bank Q3 results: Net profit rises 2% YoY to ₹16,735.5 crore; Net interest income jumps 8%
2 months, 1 week ago

HDFC Bank Q3 results: Net profit rises 2% YoY to ₹16,735.5 crore; Net interest income jumps 8%

Live Mint  

HDFC Bank Q3 results: The largest private bank in India, HDFC Bank Limited, announced its October to December quarter results on Wednesday, January 22. The institutional lender announced a 2.2 per cent rise in net profit to ₹16,735.5 crore in the third quarter of the financial year 2024-25, compared to ₹16,372 crore in the previous year. Net interest income — …

HDFC Bank Q3 results today: Here's what to expect
2 months, 1 week ago

HDFC Bank Q3 results today: Here's what to expect

Hindustan Times  

HDFC Bank Q3 2025 results today: HDFC Bank will announce its earnings for the third quarter of the financial year 2024-25 on Wednesday, January 22. HDFC Bank Q3 2025 results today: Pedestrian walk past an HDFC Bank Ltd. branch in Mumbai, India, The bank, which happens to be India's largest private sector lender, is expected to report muted net profit …

HDFC Bank Q3 results 2025: Date, time, expectations to preview. Details you MUST know
2 months, 1 week ago

HDFC Bank Q3 results 2025: Date, time, expectations to preview. Details you MUST know

Live Mint  

HDFC Bank Q3 results 2025: HDFC Bank, the largest private lender in India, is set to announce its Q3 results today. HDFC Bank share price fell on Tuesday, a day ahead of the announcement of its financial results for the fiscal third quarter ended December 2024. Here’s a look at key details on HDFC Bank Q3 results: HDFC Bank Q3 …

Five things investors should watch out for in HDFC Bank results on 22 January
2 months, 1 week ago

Five things investors should watch out for in HDFC Bank results on 22 January

Live Mint  

HDFC Bank’s provisional numbers for Q3 FY25 revealed muted loan growth, much below the industry level, as the bank focused on deposit accretion and improving its loan-to-deposit ratio. Stable net interest margin HDFC Bank’s credit-deposit ratio is expected to improve in the reporting quarter as deposit growth far outpaced credit growth. As a result, margins are also expected to remain …

HDFC Bank cuts lending rate by 5 bps, check the latest rates
Trending News
2 months, 3 weeks ago

HDFC Bank cuts lending rate by 5 bps, check the latest rates

Live Mint  

HDFC Bank has cut its marginal cost of funds-based lending rate on select tenures by upto 5 basis points. In 2016, the Reserve Bank of India replaced the base rate system with the MCLR based lending rates. However, those borrowers who had taken loans before 2016 are still governed by the base rate or benchmark prime lending rates as the …

HDFC Bank introduces revised lending and FD rates. Check details
2 months, 3 weeks ago

HDFC Bank introduces revised lending and FD rates. Check details

India Today  

HDFC Bank, one of India’s largest private banks, has reduced its Marginal Cost of Funds-Based Lending Rate by up to 5 basis points across select tenures. UNDERSTANDING MCLR AND ITS IMPACT MCLR, introduced by the Reserve Bank of India in 2016, replaced the base rate system to make lending rates more dynamic. Borrowers under older regimes like the base rate …

HDFC Bank reports deposit growth of 4.2% outpacing loans in Q3FY25
2 months, 3 weeks ago

HDFC Bank reports deposit growth of 4.2% outpacing loans in Q3FY25

Live Mint  

India's biggest private sector bank, HDFC Bank, reported that deposit growth outpaced loan growth on a quarter-on-quarter basis for the period ended December 31. The deposits were at ₹24.53 trillion, marking an increase of 4.2 per cent, slowing from a 5.1 per cent rise from the July-September quarter, HDFC Bank said in an exchange filing on Saturday. The bank's loan-to-deposit …

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern
3 months ago

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern

Live Mint  

New Delhi, Dec 27 Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25. Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on …

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report
3 months ago

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report

Live Mint  

The profitability of banks improved for the sixth consecutive year in 2023-24 and their gross bad debts or non-performing assets declined to a 13-year low of 2.7 per cent. "Banks’ profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets at 1.4 per cent and return on equity at 14.6 …

FD interest rates: 6 banks offer highest rates on their long-term fixed deposits
3 months ago

FD interest rates: 6 banks offer highest rates on their long-term fixed deposits

Live Mint  

Prior to locking your money into a fixed deposit, it is recommended to compare the interest rates offered by different banks on their term deposits. Highest FD interest rates offered by banks: HDFC Bank: On a 3-year fixed deposit, this private lender offers 7 percent interest rate to regular citizens and 7.5 percent to senior citizens. Bank Regular Senior Citizens …

HDFC Bank a beacon of safety amid rising systemic stress, shares deserve premium, says Emkay Global; raises target price
3 months ago

HDFC Bank a beacon of safety amid rising systemic stress, shares deserve premium, says Emkay Global; raises target price

Live Mint  

HDFC Bank share price gained nearly 2% on Monday amid broad-based buying in banking stocks, fuelling a short-covering rally in the Indian stock market. Positive momentum in HDFC Bank shares was also boosted after Emkay Global reiterated its bullish view on the banking heavyweight and raised target price on the stock. With rising systemic stress, we believe HDFC Bank deserves …

HDFC Bank restarts talks with Mitsubishi UFJ for HDB Financial stake sale ahead of IPO: Report
3 months, 1 week ago

HDFC Bank restarts talks with Mitsubishi UFJ for HDB Financial stake sale ahead of IPO: Report

Live Mint  

HDFC Bank has resumed discussions with the Japanese financial giant Mitsubishi UFJ Financial Group for a sizeable stake sale in its subsidiary HDB Financial ahead of its initial public offering, Moneycontrol reported on Monday, December 16, citing people aware of the development. According to the sources cited by the news portal, Reserve Bank of India norms, introduced on October 4, …

HDFC Bank vs ICICI Bank: Which private sector lender to choose in long term?
3 months, 2 weeks ago

HDFC Bank vs ICICI Bank: Which private sector lender to choose in long term?

Live Mint  

HDFC Bank vs ICICI Bank: The private banking sector in India is dominated by two stalwarts, HDFC Bank and ICICI Bank, offering investors a blend of stability and growth potential. HDFC Bank vs ICICI Bank: A Comparative Look at Q2FY25 Earnings HDFC Bank reported a 5.3 percent year-on-year increase in standalone net profit to ₹16,821 crore in Q2FY25, compared to …

Two small-cap PSU banks set for a leap?
3 months, 2 weeks ago

Two small-cap PSU banks set for a leap?

Live Mint  

The Indian stock market has seen remarkable movements in recent years, with public sector undertaking banks emerging as a standout sector. Within this space, small-cap PSU banks like UCO Bank and Central Bank of India are showing significant potential and positioning themselves as future leaders. This scenario would likely benefit smaller PSU banks like UCO Bank and Central Bank of …

Market Cap of top 6 listed companies jumps ₹2 lakh crore; TCS, HDFC Bank lead the rally
3 months, 3 weeks ago

Market Cap of top 6 listed companies jumps ₹2 lakh crore; TCS, HDFC Bank lead the rally

Live Mint  

The combined market valuation of six out of the top 10 most-valued Indian companies soared by ₹2,03,116.81 crore last week, reflecting an optimistic sentiment on Dalal Street. Tata Consultancy Services and HDFC Bank emerged as the biggest gainers, riding the wave of a bullish trend that saw the BSE Sensex climbing 1,906.33 points and the NSE Nifty 50 advancing 546.7 …

Banking revival in 2025: Why strong liability franchises stand to gain
3 months, 3 weeks ago

Banking revival in 2025: Why strong liability franchises stand to gain

Live Mint  

Indian bank stocks are waiting for their moment in the sun. Read this | Private lenders see stress in credit cards, personal loans in Q2 Elevated deposit costs and sluggish base growth weighed heavily on net interest margins for both public and private banks. Public vs private banks Credit costs for private banks increased by 10 basis points sequentially, with …

Banking stocks shine ahead of RBI MPC meeting outcome; HDFC Bank, ICICI Bank, SBI among 8 top picks of experts
3 months, 3 weeks ago

Banking stocks shine ahead of RBI MPC meeting outcome; HDFC Bank, ICICI Bank, SBI among 8 top picks of experts

Live Mint  

Several banking stocks, including HDFC Bank, ICICI Bank and SBI, traded with healthy gains on Wednesday, December 4, fuelled by hopes of supportive monetary policy from the Reserve Bank of India after recent macroeconomic data signalled a slowdown in India's growth momentum. Abhishek Pandya, a research analyst at Stoxbox, pointed out that the Nifty Bank has risen by 6 per …

Three reasons HDFC Bank may turn around sooner than you think
3 months, 3 weeks ago

Three reasons HDFC Bank may turn around sooner than you think

Live Mint  

HDFC Bank shares hit an all-time high of ₹1,830 apiece on 28 November. Anticipated fund-flows While fund-flows are temporary and volatile, two major sources of fund flows may explain the recent buoyancy in the HDFC Bank stock. This influx is primarily due to HDFC Bank's increased weight in the MSCI Global Standard Index, which will enhance its attractiveness to passive …

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion
4 months ago

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion

ABP News  

HDFC Bank, India’s largest private sector lender, achieved a significant milestone as its market capitalisation crossed the Rs 14 trillion mark for the first time during Thursday’s intra-day trading on the BSE. The bank's shares soared to a record high of Rs 1,832.75, gaining 1.2 per cent in intra-day trade. Outperforming the Market Over the past six months, HDFC Bank’s …

HDFC Bank market cap crosses ₹14 lakh crore for the first time as stock hits fresh high
4 months ago

HDFC Bank market cap crosses ₹14 lakh crore for the first time as stock hits fresh high

Live Mint  

India's largest private lender HDFC Bank's market capitalisation topped ₹14 lakh crore for the first time on Thursday, November 28 as the stock rose to its fresh high of ₹1,836.05 today. HDFC Bank's market cap touched ₹14.01 lakh crore but later slipped below the coveted ₹14 lakh crore mark amid sharp profit-taking in the broader markets. HDFC Bank is India's …

HDFC Bank shares hit all-time high above Rs 1,800 amid MSCI rebalancing
4 months ago

HDFC Bank shares hit all-time high above Rs 1,800 amid MSCI rebalancing

New Indian Express  

MUMBAI: Shares of HDFC Bank, India’s largest private sector lender, surged above the Rs 1,800-mark to hit a fresh all-time high of Rs 1,803.55 on Monday, driven by a surge in trading volumes following the implementation of the Morgan Stanley Capital International November rebalancing. Since the reverse merger with its parent company, HDFC, in July 2023, HDFC Bank's stock had …

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here
4 months, 1 week ago

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here

Live Mint  

The State Bank of India, India's largest public sector bank, is planning to raise up to $1.25 billion, marking the biggest dollar-denominated loan in the country's financial sector. Dollar loan volume declines The report said that despite these loans, India's dollar loan volume has declined 27 per cent to $14.2 billion this year due to the absence of large company …

SBI, HDFC Bank and ICICI Bank are India's 3 best banks, says RBI
4 months, 2 weeks ago

SBI, HDFC Bank and ICICI Bank are India's 3 best banks, says RBI

Hindustan Times  

The Reserve Bank of India has designated State Bank of India, HDFC Bank and ICICI Bank as Domestic systemically important banks, PTI reported. HDFC Bank, the largest private sector lender, continues to be bracketed in bucket 2, under which it will have to maintain a higher CET1 by 0.40 per cent, the PTI report added. "Hence, up to March 31, …

SBI, HDFC Bank and ICICI Bank are India's 3 best banks, says RBI
4 months, 2 weeks ago

SBI, HDFC Bank and ICICI Bank are India's 3 best banks, says RBI

Hindustan Times  

The Reserve Bank of India has designated State Bank of India, HDFC Bank and ICICI Bank as Domestic systemically important banks, PTI reported. Photographer: Dhiraj Singh/Bloomberg {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The SBI continues to be remain in the top 4, which requires the country's largest lender to keep an additional CET1 of 0.80 per cent, as per the list.The Reserve …

SBI, HDFC Bank, ICICI Bank remain Domestic Systemically Important Banks in 2024: RBI
4 months, 2 weeks ago

SBI, HDFC Bank, ICICI Bank remain Domestic Systemically Important Banks in 2024: RBI

Deccan Chronicle  

Mumbai: State Bank of India, HDFC Bank and ICICI Bank have again been named as Domestic Systemically Important Banks by the Reserve Bank of India. HDFC Bank, the largest private sector lender, continues to be bracketed in bucket 2, under which it will have to maintain a higher CET1 by 0.40 per cent. “Hence, up to March 31, 2025, the …

Public sector banks grew 11% in first half of FY25, finance ministry data shows
4 months, 2 weeks ago

Public sector banks grew 11% in first half of FY25, finance ministry data shows

Live Mint  

Public-sector banks have maintained their strong performance, reporting 11% on-year growth in aggregate business at ₹236.04 trillion in the first half of FY25, the finance ministry said in a statement on Tuesday. 133.75 trillion, respectively, in the first half of the financial year, the ministry said. Banking reforms The finance ministry attributed the improved performance to banking reforms such as …

SBI delivers strong results. Is it still lagging competition?
4 months, 2 weeks ago

SBI delivers strong results. Is it still lagging competition?

Live Mint  

MUMBAI : The results of State Bank of India, the country's largest lender by assets, were keenly awaited to understand the impact of higher deposit rates on its operational performance. The September quarter performance The impact of higher deposit rates is visible in SBI’s results—its net interest margin for domestic operations was 3.27% in the second quarter of 2024-25 vis-à-vis …

Public sector banks beat private peers in net profit growth in Q2 amid sharp fall in provisions: SBI Report
4 months, 3 weeks ago

Public sector banks beat private peers in net profit growth in Q2 amid sharp fall in provisions: SBI Report

Live Mint  

Public sector banks in India have posted significantly higher net profit growth compared to their private counterparts in the second quarter of FY25, according to a recent report by the State Bank of India. Public banks collectively achieved a 39.3 per cent year-over-year increase in net profit, a substantial lead over the 7.1 per cent growth posted by private sector …

ICIICI Bank's Robust Q2: A Beacon of Stability in Retail and Rural Segment
5 months ago

ICIICI Bank's Robust Q2: A Beacon of Stability in Retail and Rural Segment

Live Mint  

ICICI Bank's Q2FY25 results show resilience in the retail and rural segments despite a challenging environment. The bank achieved a strong net addition to gross NPAs, primarily driven by the retail and rural portfolio. Despite a decline in NIM, the bank's core profit and return on assets remain high, indicating strong financial health. The bank's stock has outperformed its peers, …

HDFC Bank posts a street-beating 5% growth in net at Rs 16,820 crore
5 months, 1 week ago

HDFC Bank posts a street-beating 5% growth in net at Rs 16,820 crore

New Indian Express  

In the reporting quarter, gross advances rose 7 percent to Rs 25.19 trillion, and the chief financial officer refused to offer a guidance on any key numbers but said "we are focused growth at any cost but only quality growth. Retail loans grew 11.3 percent and commercial and corporate book clipped at 17.4 percent, Vaidyanathan said, adding however, corporate and …

HDFC Bank Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY
5 months, 3 weeks ago

HDFC Bank Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY

Live Mint  

HDFC Bank, the country’s biggest private sector lender, on Friday, reported gross advances growth of 7% at ₹25.19 lakh crore as of September 30, 2024, compared with ₹23.54 lakh crore as of September 30, 2023. {{^adFree}} {{/adFree}} HDFC Bank’s advances under management, which include advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment, stood at ₹26.33 lakh crore …

HDFC bank sells $717 million of home loans to reduce credit book
6 months ago

HDFC bank sells $717 million of home loans to reduce credit book

Hindustan Times  

Indian lender HDFC Bank Ltd. has sold a housing loan portfolio of about 60 billion rupees, seeking to further lighten its credit load amid regulatory pressures on the industry. The deals confirm India’s largest bank in market value is intensifying efforts to shrink its retail loan portfolio amid heightened regulatory pressure to improve the sector’s credit-deposit ratios {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} …

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details
6 months, 1 week ago

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details

News 18  

HDFC Bank, India’s largest private sector lender, on Monday said it will announce its second-quarter results for the current financial year 2024-25 on October 19. In a BSE filing, the company said its board of directors will meet on October 19, 2024, “to inter-alia consider and approve the un-audited standalone and consolidated financial results for the quarter/half-year ending September 30, …

FM Asks PSBs to Focus on Core Business, Deposits
7 months, 1 week ago

FM Asks PSBs to Focus on Core Business, Deposits

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Monday asked all the heads of public sector banks to focus on core banking business and speed up the pace of deposit growth by introducing innovative products. “The finance minister reviewed the financial performance of banks and progress made in the implementation of various flagship schemes of the government, including PM Awas …

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
7 months, 2 weeks ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

RBI August 2024 MPC: Home Loan EMIs Steady As Apex Bank Holds Repo Rate
7 months, 2 weeks ago

RBI August 2024 MPC: Home Loan EMIs Steady As Apex Bank Holds Repo Rate

ABP News  

RBI August 2024 MPC: The Reserve Bank of India has maintained the repo rate at 6.5 per cent, marking the ninth consecutive time it has kept the rate unchanged, according to the Monetary Policy Committee review on August 8. With the repo rate unchanged, borrowers with EBLR loans, including home loans, personal loans, and business loans, will experience stability in …

HDFC Bank Q1 Results: Profit Surges 35% YoY At Rs 16,175 Crore
8 months, 1 week ago

HDFC Bank Q1 Results: Profit Surges 35% YoY At Rs 16,175 Crore

ABP News  

HDFC Bank, India's largest private sector lender, announced a 35 per cent year-on-year growth in net profit to Rs 16,175 crore for the quarter ending June 2024, supported by robust net interest income and reduced provisions. However, compared sequentially, the lender's net profit declined by 2 per cent from Rs 16,511.85 crore in Q4FY24, primarily due to slower income growth …

Indian financial system remains largely unaffected from Microsoft outage
8 months, 1 week ago

Indian financial system remains largely unaffected from Microsoft outage

Deccan Chronicle  

The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.A widespread Microsoft outage disrupted flights, banks, media outlets and companies around the world on Friday. Escalating disruptions continued hours after the technology company said it was gradually fixing …

Government may introduce amendments to laws to push banking sector reforms in Budget session
8 months, 2 weeks ago

Government may introduce amendments to laws to push banking sector reforms in Budget session

The Hindu  

The government is likely to introduce amendments to Banking Regulation Act 1949 and other laws to push banking sector reforms during the upcoming Budget session. Apart from this, amendments in the Banking Companies Act, 1970, and the Banking Companies Act, 1980 are needed for privatisation of public sector banks, sources said. Amendments, if approved by Parliament, would help bring down …

Bears flock to HDFC Bank counter as loan, deposit growth slows
8 months, 3 weeks ago

Bears flock to HDFC Bank counter as loan, deposit growth slows

Live Mint  

Mumbai: Bears have flocked to the derivatives counter of HDFC Bank after the lender reported slower loan growth and flat deposit growth in the June quarter last week. Joshi, ED, Khambatta Securities, said the pain of the merger of HDFC into the lender could last for a "few more years " but added he doesn't expect a "big correction" after …

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore
9 months, 3 weeks ago

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore

The Hindu  

The market capitalisation of the State Bank of India crossed the ₹8 lakh crore mark on June 3 after the bank's shares surged to a record high of ₹907. Finance Minister Nirmala Sitharaman has recently posted on social media that India's banking sector has achieved a significant milestone by recording its highest-ever net profit, exceeding ₹3 lakh crore. In the …

Banks should improve corporate loans, keep deposit base healthy
10 months ago

Banks should improve corporate loans, keep deposit base healthy

New Indian Express  

For the first time ever, the cumulative net profits of Indian banks surpassed Rs 3 lakh crore in 2023-24, up from Rs 2.3 lakh crore in 2022-23. While the 26 private lenders’ net profits shot up 42 percent to Rs 1.78 lakh crore, the 12 public sector banks reported net profits of Rs 1.41 lakh crore in 2023-24, a 34 …

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