Page 8 of Banking and Finance News

uco bank, former uco bank chairman, cspl loans, enforcement directorate, ed arrests ex-uco bank head

Bribes, shell firms and luxury perks: ED arrests ex-UCO Bank head in Rs 6,210 crore loan fraud case

The ED alleged that Goel’s bribe included cash, immovable properties, luxury goods and hotel bookings, all routed through a complex…

May 20, 2025 18:09 IST

FM to take stock of performance of state-run banks on Thursday . (Image Source: Freepik)

Govt to review PSB profitability, bad loan recovery

Finance Minister Nirmala Sitharaman will meet PSB chiefs to review FY25 performance, including profitability (PSBs’ 26% net profit growth), bad…

May 13, 2025 21:37 IST

Lenders are concerned about potential losses of public money. (Image Source: Reuters)

Lenders to file review petition against SC order on BPSL

Public sector banks, led by Punjab National Bank (PNB), will file a review petition in the Supreme Court seeking a…

May 7, 2025 04:42 IST

insurance sector, Budget 2025, distribution, technology, life insurance, IRDAI, premium

IRDAI reportedly proposes changes in bancassurance model: Key proposals include

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed changes in the bancassurance model. According to a report…

May 6, 2025 14:54 IST

es Bank stake sale, Sumitomo Mitsui Bank, SMBC Yes Bank deal, Yes Bank news today

Is Yes Bank getting a Japanese lifeline? Sumitomo Mitsui reportedly eyes majority stake

Sumitomo Mitsui eyes major stake in Yes Bank, setting up big banking deal in India. Stay updated!

Updated: May 6, 2025 16:24 IST

RBL bank, money, MFIN, microfinance sector, NBFC, non-banking financial companies-microfinance institutions

EXPLAINER | When small loans spell big trouble

India’s microfinance sector faces a major crisis with NPAs surging to 16% in FY25. Weak underwriting, borrower overleveraging, and state…

May 5, 2025 20:53 IST

SBI, divestment, stake sale, Yes Bank, banking sector, Sumitomo Mitsui Banking Corporation

SBI Q4 Results: NII inches up 2.7%, NIM slips 32 bps; announces Rs 15.90 annual dividend

Despite the dip in profit, SBI’s net interest income rose to Rs 42,774.55 crore.

Updated: May 3, 2025 16:52 IST

RBI, SRO, financial information providers, FIPs, banking, Reserve Bank of India

Meet Poonam Gupta: RBI’s new monetary policy deputy governor

On Friday, the Reserve Bank of India rejigged portfolios of its deputy governors, with Poonam Gupta assuming charge of Deputy…

May 2, 2025 19:50 IST

market, FPI, Jio Financial, Shriram Finance, BEL, Adani Enterprises, Cipla

Mahindra Finance board approves raising Rs 3000 crore by rights issue

Mahindra Finance board has approved raising Rs 3000 crore through the rights issue. Additionally, the company said that fundraising is…

May 2, 2025 16:56 IST

IndusInd Bank CEO Sumant Kathpalia resigned following RBI's signals of discomfort with his leadership. (Image Source: Reuters)

Sumant Kathpalia’s exit from IndusInd Bank: Baptism by fire, burnt by lapses

IndusInd Bank CEO Sumant Kathpalia resigned following RBI’s signals of discomfort with his leadership and a significant derivatives accounting issue.…

April 30, 2025 11:29 IST

Bandhan Bank share price today, March 03

Bandhan Bank expands foot print, opens 16 new bank branches

Bandhan Bank has opened 16 new branches in five states. The bank has opened seven branches in Orissa, three in…

Updated: April 29, 2025 14:17 IST

banking, banks, IndusInd Bank, indusind bank, deputy CEO, Arun Khurana, indusind bank stock, indusind bank shares, accounting discrepancy, indusind accounting discrepancy,

IndusInd Bank deputy CEO Arun Khurana resigns after probe highlights accounting blunder

India’s IndusInd Bank has announced the resignation of deputy CEO Arun Khurana weeks after the private lender disclosed accounting lapses…

April 28, 2025 21:59 IST

IDFC First Bank, banking, FD rates, Punjab National Bank, banking

IDBI Bank Q4 profit rises 26% to Rs 2,051 crore

IDBI Bank on Monday reported 26 per cent increase in net profit at Rs 2,051 crore for the March quarter…

Updated: April 28, 2025 16:56 IST

RBI, Shriram Finance, govt debt, securities firms, sovereign debt, liquidity, infrastructure investments

India’s Shriram Finance posts quarterly profit miss as finance costs bite

Shriram Finance reported a smaller-than-expected fourth-quarter profit on Friday as high finance costs pressured its bottom line, despite the central…

April 25, 2025 18:42 IST

RBL Bank, appointment, MD, CEO, bank, banking sector, banking career, professional experience

RBL Bank Q4 Results: Profit tanks 81 percent to Rs 69 crore as provisions spike

RBL Bank reported an 81 per cent decline in its net profit to Rs 69 crore for the fourth quarter…

Updated: April 25, 2025 18:53 IST

Axis Bank, layoff, appraisal process, banking sector, Q4 results, profit, NII

Axis Bank Q4 net profit flat at Rs 7117.5 crore

Private sector lender Axis Bank on Thursday reported a marginal decline in net profit to Rs 7,117.5 crore in the…

Updated: April 24, 2025 18:14 IST

RBI, RBI MPC, rate cut, repo rate, GDP, inflation, CPI inflation, food inflation, reciprocal tariff, SBI, state bank of india, PNB, Punjab national bank, Indian Bank, Bank of India, Bank of Baroda, Federal Bank, Bank of Maharashtra, HDFC Bank

These banks have slashed lending rates after RBI’s repo rate cut — Check full list

The Reserve Bank of India slashed key interest rate by 25 basis points last week for the second time in…

April 18, 2025 16:20 IST

bank holiday on good friday, bank holiday on good friday April 18, bank holiday 2025, bank holiday in India 2025, bank holidays in April 2025, bank holidays List, bank closed on good Friday

Bank Holiday Today: Are banks closed on April 18 for Good Friday? Check details here

Bank Holiday on Good Friday April 18: The solemn Christian occasion commemorates the crucifixion of Jesus Christ and his subsequent…

April 18, 2025 05:30 IST

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Obama did not endorse Mamdani despite phone call ahead of NY polls

World News33 min ago

Former US President Barack Obama has reportedly endorsed New York City mayoral candidate Zohran Mamdani, but officials have denied the claims, stating that Obama is sticking to his post-presidency rule of not publicly endorsing local candidates. The alleged endorsement has sparked controversy and speculation that Obama is trying to protect other Democrats from being associated with Mamdani.

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