Page 12 of Banking

Insolvency and Bankruptcy Code, IBC, JSW steel, Bhushan Steel and Power,

Bankers in a bind as SC junks JSW resolution for Bhushan

SC strikes down JSW Steel’s resolution plan for Bhushan Power, triggering concerns among banks over Rs 16,900 crore in recovered…

May 2, 2025 22:49 IST

IOB, Indian Overseas Bank, banking, BFSI, retail, agriculture, MSME

IOB Q4 profit climbs 30% to Rs 1,051 crore

Indian Overseas Bank reported a 30% YoY rise in Q4FY25 net profit to Rs 1,051 crore, driven by higher interest…

May 2, 2025 20:27 IST

banking, banks, finance, Regional Rural Banks, RRB, bfsi

Regional rural banks consolidate, to achieve operational ease

India’s one state-one Regional Rural Bank (RRB) policy cuts RRBs from 43 to 28, aiming for operational efficiency, improved digital…

May 1, 2025 22:42 IST

UPI update 2025: Biometric payments coming soon for PhonePe, Paytm, GPay users

UPI transactions up 34% on year in April, down a tad from March

UPI transactions rose 34% YoY to 17.89 billion in April 2025, while value hit Rs 23.95 lakh crore, despite a…

May 1, 2025 21:34 IST

Can rally in Bandhan Bank last after 10% jump in 1 month: 3 big worries

Bandhan Bank faces challenges in sustaining recent 10% stock surge; explore key concerns over NII and NIM. Read more now!

May 1, 2025 15:24 IST

Major UPI changes go LIVE Tomorrow: Check key changes for GPay, PhonePe and Paytm users here

Target 1 billion UPI transactions per day in 2-3 years: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman urges stakeholders to target 1 billion daily UPI transactions in 2–3 years and boost global adoption.…

April 28, 2025 23:24 IST

IndusInd Bank, banking, banks, PSU, CFO, bfsi, banking and finance

IndusInd Bank deputy CEO resigns

IndusInd Bank deputy CEO Arun Khurana resigns amid accounting discrepancies in the derivatives business, citing accountability concerns. His exit follows…

April 28, 2025 22:45 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

RBI’s new ATM transaction rules to come into effect from May 1: From new charges to revised limits – Here’s all you should know

According to the new guidelines, customers will be allowed a fixed number of free ATM transactions each month, three in…

Updated: April 28, 2025 21:00 IST

IndusInd Bank: Notional profits in derivatives led to accounting errors

IndusInd Bank identifies accounting errors due to notional profits from early-ended internal derivative trades. A forensic review by Grant Thornton…

April 28, 2025 05:06 IST

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

IDFC First Bank to soon cut FD, savings accounts rates

IDFC First Bank to cut fixed deposit and savings account interest rates soon, aligning with larger banks. Despite rate cuts,…

April 27, 2025 20:11 IST

IDFC, banking, banks, NIM, IDFC First Bank, retail, rural, MSME

IDFC First Bank profit falls 58% in Q4

IDFC First Bank reports 58% drop in Q4 FY25 profit to Rs 304 crore, impacted by rising bad loans in…

April 26, 2025 20:56 IST

banks, RBI, banking, Bank credit, Reserve Bank of India

Deposits at banks lags credit growth

Bank deposits grew 10% while credit rose 10.9% YoY as of April 4, RBI data shows. Term deposits led deposit…

April 25, 2025 22:07 IST

RBL Bank, banking, banks, retail loan book, loans, banks,

RBL Bank profit plunges 81% in Q4 due to spike in bad loans

RBL Bank’s Q4 profit slumped 81% YoY to Rs 69 crore due to a surge in bad loan provisions, especially…

April 25, 2025 21:54 IST

CASA, NIM, Tamilnad Mercantile Bank, TMB, MSME, agriculture

TMB targets 15–18% loan growth in FY26

Tamilnad Mercantile Bank targets 15–18% loan growth in FY26, focusing on retail, agriculture, MSME, and gold loans. FY25 net profit…

April 24, 2025 22:38 IST

banking, banks, current account and savings account, CASA, NPA,

Axis Bank Q4 profit flat at Rs 7,117 crore

Axis Bank Q4 FY25 net profit flat at Rs 7,117 crore, beating estimates; NII up 6% to Rs 13,811 crore.…

April 24, 2025 22:26 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

Reserve Bank of India, RBI, FPI, Securities and Exchange Board of India, Sebi

Centre extends RBI Deputy Governor T Rabi Sankar’s tenure

The central government has re-appointed T Rabi Sankar as the RBI’s Deputy Governor for one more year. The official notification…

Updated: April 22, 2025 15:34 IST

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US firm sacks close to all Indian employees at one go, ‘decision made in a 3 minute video call’

Flipkart exits Aditya Birla Lifestyle in Rs 998-cr bulk deal

Business6 hr ago

Flipkart, owned by Walmart, sold its 6% stake in Aditya Birla Lifestyle for Rs 998 crore. This is the second exit by the company after selling Rs 582 crore in June. The shares were received after ABLBL’s demerger from ABFRL. Key buyers included ICICI Prudential Mutual Fund, Nippon India Mutual Fund, and SBI Life Insurance. Aditya Birla Fashion’s shares rose 7.5

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