Search For "banking sector"
Banking sector to witness subdued PAT growth of 6% in FY25, 4% in FY26: Re
Updated : 1 year, 1 month ago IST
India's banking sector saw a mixed performance in the third quarter, with net interest income (NII) growing 6 per cent year-on-year (YoY), core pre-provision operating profit (PPOP) rising 13 per cent, and adjusted profit after tax (PAT) increasing by 7 per cent. While earnings expectations
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Banking sector faced Greater-Than-Expected pressure in Q3FY25: Report
Updated : 1 year, 1 month ago IST
The Indian banking sector experienced a more severe impact in the third quarter of FY25 than previously anticipated, says a report by Centrum.
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India needs to add USD 4 trn in bank capital to meet 'Viksit Bharat' GDP t
Updated : 1 year, 1 month ago IST
India's banking sector will need to raise USD 4 trillion in capital over the next two decades to support the country's goal of becoming a developed economy, or "Viksit Bharat," by 2047, according to a report by HSBC Mutual Fund.
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Wegofin - Future fintech unicorn in AI Banking, a Key Sponsor in IBA's 20t
Updated : 1 year, 2 months ago IST
Mumbai (Maharashtra) [India], January 23: The Indian Banks' Association (IBA) is gearing up for its 20th Annual Banking Technology Conference, an event that has come to symbolize the relentless evolution and modernization of India's financial sector. This year's conference, taking place on J
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Indian stock indices gain on Monday, Nifty above 23,300 points
Updated : 1 year, 2 months ago IST
Domestic stock markets on Monday ended on strong note led by traction seen in the financial and banking sector.
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India's banking credit growth to remain subdued in FY2026, lowered forecas
Updated : 1 year, 2 months ago IST
For FY2026, ICRA anticipates a further slowdown in credit growth, estimating a range of 9.7-10.3 per cent, influenced by the high CD ratio and upcoming changes in the liquidity coverage ratio (LCR) framework.
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Gross NPA of public sector banks declined to 3.1% from peak of 14.6% in Ma
Updated : 1 year, 3 months ago IST
The Gross NPA ratio of public sector banks has declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the government said in a statement Thursday, reaffirming the good health in the banking system.
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Banking Laws Amendment Bill will strengthen governance in Indian banking s
Updated : 1 year, 3 months ago IST
Finance Minister Nirmala Sitharaman said on Tuesday that the Banking Laws (Amendment) Bill will strengthen governance in Indian banking sector besides enhancing consumer's and customer's convenience with respect to nominations and protection of investors.
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"These measures significantly weaken Putin's regime": Zelenskyy on US sanc
Updated : 1 year, 4 months ago IST
Ukrainian President Volodymyr Zelenskyy wrote on X, "Sanctions are equally vital. This week, the US introduced new, highly effective sanctions targeting Russia's banking sector. These measures significantly weaken Putin's regime."
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UAE banking sector hits all-time-high of AED502.6 billion in capital, rese
Updated : 1 year, 4 months ago IST
A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital and reserves of banks operating within the UAE exceeded AED500 billion for the first time.
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IDFC FIRST Bank launches real time tracking for international money transf
Updated : 1 year, 4 months ago IST
IDFC FIRST Bank on Tuesday launched the real-time tracking for international money transfers, the bank stated in an official statement.
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Banking sector reforms are paying its dividend to Indian Economy: Nirmala
Updated : 1 year, 5 months ago IST
Sitharaman said, "The soundness and resilience of India's banking sector have been underpinned by a sustained policy focus on asset quality improvements, enhanced provisioning for bad loans, sustained capital adequacy, and a rise in profitability."
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