Search result for 'indian banking sector'

Public sector banks report record Rs 52,603 crore profit in Q3, an 18% YoY growth. SBI leads with 40% contribution. Details inside.

PSU banks are projected to cross Rs 2 lakh crore in profit by FY26, driven by strong credit & deposit growth, & improved asset quality.

DFS Secretary emphasizes inclusive credit strategies for unbanked, launches BAANKNET app & DBCP. Focus on credit access & bank strength.

FM announces Rs 20,000 crore carbon capture & utilisation scheme for steel, cement sectors. Plus, seaplane incentives & banking reforms.

SBI sells 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corp (SMBC) for Rs 8,889 crore. SBI remains a key shareholder.

IBA will request RBI to allow banks to fund M&A of listed firms, says SBI Chairman. Urges private sector to invest in capacity expansion.

Public sector banks can now transfer unclaimed shares and bond redemption amounts to the IEPF from August 1, 2025. Amendments to the Banking Laws (Amendment) Act, 2025 allow this transfer,...

Japan's SMBC seeks CCI approval to acquire 20% stake in Yes Bank, becoming the largest shareholder. This marks a significant cross-border investment in Indian banking.

JSW Paints' Rs 12,915 crore acquisition of Akzo Nobel India is among the top deals of 2025. This deal makes JSW Paints the fourth largest paint maker in India.

Yes Bank's board approves raising Rs 16,000 crore through equity and debt issuance to fuel business growth. SMBC becomes largest shareholder after acquiring 20% stake.

Carlyle group sold a 2.6% stake in Yes Bank for Rs 1,775 crore. The sale reduces Carlyle's holding to 4.22%. Yes Bank share price fell following the news.

Reserve Bank of India (RBI) will continue supervisory measures for early risk identification, enhance cyber resilience, and streamline regulations for improved efficiency. Focus on proactive risk...

Fitch Ratings says SMFG's 20% stake in Yes Bank could open doors for other foreign banks in India's banking sector, despite regulatory caps.

India's competition watchdog CCI dismissed allegations against Canara Bank for anti-competitive practices related to loan transactions, finding no evidence of abuse of dominance.

Yes Bank shares jumped over 8% after SBI and other lenders sold 20% stake to SMBC for Rs 13,483 crore, making it the largest cross-border investment in Indian banking.

Icra forecasts 10.8% credit growth in FY26, driven by regulatory easing and RBI's liquidity measures. However, challenges remain in deposit mobilization and rising stress in unsecured lending.

IIM Lucknow research shows banks with higher green loan proportions experience improved financial stability. Study highlights the importance of sustainable lending in India.

SBI Chairman C S Setty highlights the potential of AI and Gen AI to transform the banking sector, emphasizing innovation, efficiency, and resilience. He also stresses the importance of risk...

RBI Governor Shaktikanta Das urges bank boards to proactively monitor portfolios, address potential risks, and strengthen internal governance to curb unethical practices.

RBI Governor Shaktikanta Das calls on bank boards to strengthen internal governance to prevent unethical practices like mis-selling and lack of KYC verification.

RBI Deputy Governor M Rajeshwar Rao advocates for periodical revision of deposit insurance coverage limit, citing factors like deposit growth, inflation, and income levels.

Indian banks have written off ₹9.90 lakh crore worth of loans in the last five years, with the highest write-off occurring in 2019-20. Despite this, banks continue to pursue recovery actions.

RBI Deputy Governor Rajeshwar Rao highlights India's strong financial system and economic resilience amidst global challenges, emphasizing climate change risks and the need for a just transition.

RBI Governor Shaktikanta Das highlights India's strong growth prospects, banking sector recovery, and macroeconomic stability at the World Economic Forum in Davos.

RBI Governor Shaktikanta Das emphasizes India's strong growth prospects, citing a stable financial sector and remarkable banking recovery. Learn about the positive outlook for India's economy.