Page 3 of Banks

credit cart, MSME, sme, CGTMSE, Udyam portal, Credit Guarantee Fund for Micro Units

Low-cost credit cards for micro firms on the cards

The government plans to launch low-cost credit cards with Rs 5 lakh limits for micro enterprises, offering affordable interest rates…

July 20, 2025 19:14 IST

PM Internship Scheme, PMIS, employment-linked incentive scheme, elis

PM Internship-II from August 1, targets six-fold rise in hiring

The second pilot of the PM Internship Scheme (PMIS) begins August 1, targeting 7 lakh internships in FY26. With higher…

July 20, 2025 18:31 IST

banking, banks, ICICI Bank, CASA, loans, ICICI Prudential Pension Funds Management

ICICI Bank Q1 net up 15.5% at Rs 12,768 crore

ICICI Bank Q1FY26 net profit rises 15.5% to Rs 12,768 crore, beating estimates. NII up 10.6%, asset quality stable, GNPA…

July 19, 2025 22:56 IST

financial inclusion, bank account, account ownership, account inactivity, World Bank, banking, banking sector, digital banking, mobile money account

India hits 89% financial account ownership, but inactivity remains a challenge, says World Bank report

India has achieved near-universal financial account ownership, with 89 per cent of adults now holding an account, according to the…

July 17, 2025 13:42 IST

HDFC Bank, banks, banking sector, Q1FY26, interim dividend, bonus issue, loan growth, deposits

Shareholder bonanza? HDFC Bank board to consider special dividend, first-ever bonus issue on July 19

HDFC Bank will consider issuing its first-ever bonus shares and a special interim dividend at its board meeting on July…

July 16, 2025 10:02 IST

SMFG, Yes Bank, banks, banking sector, Carlyle Group, stake sale, acquisition, stake buy, convertible bonds

SMFG targets bigger role in Yes Bank: Considers fresh $1.1 bn boost via stake buy, convertible bonds, says Report

SMFG is planning an additional $1.1 billion investment in Yes Bank, including a stake purchase from Carlyle and other minority…

July 15, 2025 13:39 IST

Reserve Bank of India, RBI, banking, banks, Standing Deposit Facility

RBI to hold 3-day VRRR for Rs 1 lakh crore today

RBI to conduct a 3-day VRRR auction for Rs 1 lakh crore today to manage surplus liquidity. With liquidity surplus…

July 15, 2025 05:08 IST

Private bank stocks less enticing than other financial entities

As of May end, mutual fund holdings were highest in the financial sector at Rs 13.78 lakh crore, according to…

July 11, 2025 21:57 IST

ICICI Prudential Life Insurance Company, insurance company, investment, Q1FY26, profit, asset quality, business growth

ICICI Prudential AMC files for IPO: Can ICICI Bank hold on to its majority stake?

ICICI Prudential Asset Management Company has filed for an IPO, prompting questions about ICICI Bank’s ability to retain majority control.

July 9, 2025 10:47 IST

IDBI Bank, government, LIC, disinvestment, stake sale, private sector bank, Share Purchase Agreement, banking sector, banks

IDBI Bank sale moves forward: Govt panel to meet, review share purchase agreement

The government is set to review the Share Purchase Agreement for IDBI Bank’s strategic sale, marking a crucial step in…

July 7, 2025 14:58 IST

loan growth, NIM, banks, banking, Axis, HDFC Bank, ICICI Bank, loans

Muted loan growth, NIM pressure to continue for banks in Q1

Banks may report muted Q1FY26 earnings due to slow loan growth, NIM pressure, and subdued deposit trends. Analysts expect modest…

July 4, 2025 23:18 IST

Reserve Bank of India, RBI, VRR, banking, banks, Jana Small Finance Bank

RBI’s VRRR auction gets strong response from the market

RBI’s latest VRRR auction sees strong demand with Rs 1.7 lakh crore in bids; RBI accepts Rs 1 lakh crore…

July 4, 2025 21:07 IST

IndusInd Bank, banking sector, recovery, loan growth, Governance failures, accounting lapses, financial discrepancies, NII, NIM, profit, CEO appointment, RBI, deposits, credit cost

From crisis to course-correction: IndusInd Bank pins hope on leadership change, FY26 recovery

Reeling from governance lapses and a Rs 2,328 crore Q4 loss, IndusInd Bank is initiating a strategic reset as it…

July 4, 2025 14:36 IST

RBI, banks, banking sector, DoT, financial institution, financial frauds, cyber crime, Financial Fraud Risk Indicator, NBFCs, UPI, Mobile Number Revocation List, API integration

RBI directs banks to adopt DoT’s Financial Fraud Risk Indicator system for real-time fraud detection

The RBI has directed all banks to integrate the Financial Fraud Risk Indicator (FRI) developed by the DoT, to combat…

Updated: July 3, 2025 11:11 IST

HDFC Bank, Sashidhar Jagdishan, HDB Financial Services, banking sector, company listing, NBFC, inclusive growth

Will continue supporting HDB Financial post-IPO as well: HDFC Bank CEO

HDFC Bank’s Managing Director and CEO Sashidhar Jagdishan said the lender will continue supporting its subsidiary HDB Financial Services post-listing…

July 2, 2025 13:59 IST

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

RBL Bank denies Emirates NBD stake talks, calls it ‘incorrect and speculative’; shares fall

RBL Bank has denied media reports suggesting that Emirates NBD is in talks to acquire a 20 per cent stake,…

July 2, 2025 13:07 IST

SEBI, IndusInd Bank, CEO, Sumant Kathpalia, insider trading case, RBI, settlement, securities markets

RBI deadline ends, IndusInd Bank recommends three candidates for CEO role – Who’s the top choice?

IndusInd Bank has submitted a shortlist of three candidates for the CEO position to the RBI. The move comes amid…

July 1, 2025 16:04 IST

SMBC seeks CCI nod to acquire 20% stake in Yes Bank in Rs 13,483 crore deal

Japan’s SMBC has sought CCI approval to acquire a 20 per cent stake in Yes Bank for Rs 13,483 crore,…

Updated: July 1, 2025 13:24 IST

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Saumitra P Srivastava takes charge as Director (Marketing), Indian Oil

Business30 min ago

Saumitra P Srivastava, an IIT Roorkee and SP Jain Institute graduate, has been named Director (Marketing) at Indian Oil. With a strong background in downstream operations, marketing, and strategy, he aims to modernize the Marketing Division and drive the country towards sustainable and advanced fuels. He has a track record of successfully leading transformation projects.

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