banking sector

Climate Exposure Threatens Bank Profits: IIM Lucknow Study Warns of Hidden Credit Risks in Carbon-Intensive Lending Financial Resilience Hinges on Decoupling from Fossil Fuels, Study Reveals IIM Lucknow researchers have issued a stark warning regarding the long-term financial health of banking...

Sensex, Nifty Surge Over 5.7% as Banking Heavyweights Drive Massive Equity Rally Indian equity markets concluded a strong rally last week, powered by significant gains across key financial and industrial sectors. The combined market valuation of eight of the top-10 most valued companies saw a...

Mumbai, April 10 – Indian equity benchmarks resumed their upward momentum on Friday after a brief one-day pause, as investors closely monitored developments in West Asia and assessed their potential impact on global markets.Both the Nifty and the Sensex ended higher, extending their recent...

New Delhi, April 9 – Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report.The Wall Street Journal said, citing sources, that the plans for the job cuts were...

Mumbai, April 9 – The Indian equity markets opened cautiously on Thursday after a sharp rally in the previous session. Benchmark indices declined amid investor concerns over escalating geopolitical tensions, as reports suggested that Israel had attacked Hezbollah in Lebanon, raising fears of a...

Mumbai, April 8 Reserve Bank Governor Sanjay Malhotra announced on Wednesday that the monetary authority will be introducing a new framework for non-bank lenders in the wake of uncertainty surrounding Tata Sons' listing issue."We are coming up with a new framework for NBFCs. We should be doing...

Mumbai, April 6 – Indian equity markets ended higher for the third consecutive session, driven by optimism surrounding a potential de-escalation in tensions between the US and Iran, which lifted investor sentiment across sectors.The benchmark Nifty rose by 1.12 per cent, or 255 points, to...

New Delhi, April 6 Bank of Maharashtra (BoM) on Monday said it has registered a total credit growth of 22 per cent to Rs 2.92 lakh crore in the fourth quarter ended March 2026.The outstanding credit was Rs 2.40 lakh crore at the end of the January-March quarter of the previous fiscal, BoM said...

New Delhi, April 4 IDBI Bank, controlled by LIC, reported a 16 per cent increase in loan growth to ₹2.53 lakh crore for the quarter ended March 2025 on Saturday.The bank's total advances stood at ₹2.18 lakh crore as of March 31, 2025, IDBI Bank said in a regulatory filing.The lender reported...

Mumbai, April 3 – Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both key indices ending in the red during a shortened four-day trading week. Business news subscriptionThe Sensex closed...

Mumbai, April 1 Amid the West Asia conflict, domestic rating agency Crisil on Wednesday estimated that banks' credit growth would moderate marginally in FY27 and delinquencies would rise.The banking system is expected to report a 13 per cent credit growth in 2026-27, a marginal dip compared to...

Mumbai, April 1 – Domestic stock markets opened sharply higher on Wednesday, with a significant gap-up, tracking positive cues from the US and Asian markets amid hopes for de-escalation in the West Asia conflict, which is now in its 33rd day.The 50-scrip Nifty opened at 22,899, rising by 567...

RBI Imposes Rs 31.80 Lakh Penalty on Airtel Payments Bank for Disclosure Lapses Action Taken After Supervisory Findings in FY25 Review Mumbai, March 30: The Reserve Bank of India on Monday imposed a monetary penalty of Rs 31.80 lakh on Airtel Payments Bank Limited for non-compliance with...

Indian Stock Markets End Fiscal Year on Weak Note Amid Global Tensions Mumbai, March 30 – Indian stock markets concluded the final trading session of the 2026 fiscal year with a significant downturn, driven by escalating global tensions stemming from the ongoing conflict in the Middle East.The...

IBC Boosts Banking Sector Recovery, Sitharaman Says Key Improvements in NPA Recovery New Delhi, March 30 – Finance and Corporate Affairs Minister Nirmala Sitharaman stated in the Lok Sabha on Monday that the Insolvency and Bankruptcy Code (IBC) has been a key and very important factor in...

Jefferies Exits HDFC Bank, Cuts India Exposure After Chairman ResignationNew Delhi, March 27: Global brokerage Jefferies has exited its holdings in HDFC Bank and trimmed its exposure to India across key portfolios following the resignation of the bank’s part-time chairman, Atanu Chakraborty...

Indian Stock Market Closes Higher as Nifty Surges 400 Points, Sensex Gains Over 1,300 Auto and Banking Stocks Lead Broad-Based Rally Mumbai, March 24: Indian equity markets ended Tuesday’s session on a strong footing, with benchmark indices closing near their intraday highs, supported by robust...

HDFC Bank Appoints External Law Firms to Review Atanu Chakraborty’s Resignation Board Moves to Strengthen Governance Oversight Mumbai, March 24: HDFC Bank has announced that its Board has approved the appointment of external law firms, both domestic and international, to review the resignation...

New Delhi, March 23 South Indian Bank, a private sector lender, announced on Monday that it has appointed former RBI Executive Director Jose Joseph Kattoor as its non-executive, part-time chairman.The appointment is effective from March 23, 2026, for a term of three years.The appointment...

HSBC Job Cuts: Bank Weighs AI-Led Restructuring That Could Impact 20,000 Roles HSBC Considers Workforce Reduction Amid AI Push New Delhi, March 19: London-based investment bank HSBC is evaluating a major workforce restructuring as part of its strategy to integrate artificial intelligence into...