Search For "banking sector"
UAE banking sector resilient, stable amid regional developments: Emirates
Updated : 1 week, 3 days ago IST
In a press statement, Khaled Mohamed Balama, Governor of the UAE's central bank, said banks, financial institutions, and insurance companies across the United Arab Emirates continue to operate normally and are providing services efficiently and without disruption nationwide.
Read More
IDFC FIRST Bank credits ₹583 crore to Haryana Govt within 24 hours amid Ch
Updated : 1 week, 3 days ago IST
IDFC FIRST Bank has credited ₹583 crore to departments of the Government of Haryana within 24 hours, honouring 100 per cent of the principal and interest claimed following a fraud incident at its Chandigarh branch.
Read More
Banking sector earnings likely to rebound 17% in FY27-28E, private banks t
Updated : 1 week, 3 days ago IST
The earnings of the overall banking sector in the country are expected to register a strong rebound of 17 per cent over the period of FY27-28E, driven by improved loan growth, recovery in margins and stable asset quality, according to a report by IIFL Capital.
Read More
Bank profitability improves, outlook healthy on advances growth, lower int
Updated : 1 week, 3 days ago IST
The profitability of banks improved in the third quarter, supported by higher Net Interest Income (NII), lower slippages, better recoveries, and improved fee income, reflecting continued stability in the banking sector, according to a report by Systematix Group.
Read More
Banking sector strong, resilient; credit expansion and capital needs in fo
Updated : 1 month, 3 weeks ago IST
On non-banking financial companies (NBFCs), Nagaraju said both government-owned and private NBFCs play a significant role in funding infrastructure and reaching borrowers underserved by banks. "While NBFCs have shown strong growth, profitability, and outreach, he noted the continuing debate
Read More
Committee on Banking for Viksit Bharat should address ownership structure,
Updated : 1 month, 3 weeks ago IST
The committee should address some matters such as ownership structure and voting rights of promoters as these continue to dampen private sector and foreign investor participation, ICRA said in its report. Finance Minister had said, the High Level Committee on Banking for Viksit Bharat will c
Read More
Budget 2026: High-level committee on Banking to be set up for India's next
Updated : 1 month, 3 weeks ago IST
"I propose setting up a 'High Level Committee on Banking for Viksit Bharat'", to comprehensively review the sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection," she said, in her 90-minute-long Budget speech.
Read More
NABARD holds state credit seminar in Shimla, releases Rs 45,810 crore stat
Updated : 1 month, 3 weeks ago IST
The National Bank for Agriculture and Rural Development (NABARD) on Wednesday organised the State Credit Seminar for Himachal Pradesh in Shimla, during which the State Focus Paper for 2026-27 was released. The seminar was attended by key stakeholders from the State Government, Reserve Ban
Read More
Bank unions observe one-day strike across country over five-day workweek d
Updated : 1 month, 4 weeks ago IST
Bank unions across the country observed a one-day strike on Tuesday to press for several long-pending demands, including the implementation of a five-day working week for bank employees.
Read More
Banking sector outlook remains positive, earnings to grow approx. 16% CAGR
Updated : 2 months ago IST
The outlook for the banking sector remains positive, with earnings expected to recover steadily over the medium term, supported by stable margins, improving asset quality and a pickup in loan growth, according to a report by Motilal Oswal Financial Services.
Read More
PNB records highest quarterly profit of Rs 5,100 crore in Q3
Updated : 2 months ago IST
Punjab National Bank on Monday reported its highest-ever quarterly profit, posting a 13 per cent rise in net profit to Rs 5,100 crore for the October-December quarter, driven by a significant improvement in asset quality.
Read More
RBI gives approval to Japan's SMBC for setting up Wholly Owned Subsidiary
Updated : 2 months, 1 week ago IST
SMBC is currently carrying on banking business in India in branch mode through its four branches located in New Delhi, Mumbai, Chennai and Bengaluru. The 'in-principle' approval has been granted to the bank for setting up a WOS through conversion of its existing branches in India, RBI said i
Read More