IndusInd investors block promoter bid for board seats
IndusInd Showdown: Investors Push Back on Promoter Board Seat Nominations The air crackled with tension at IndusInd Bank’s recent annual general meeting (AGM). Forget the ...
Sale of IDBI Bank a step closer after LIC gets Sebi nod
IDBI Bank Disinvestment: A New Chapter Beckons The winds of change are swirling around IDBI Bank. After months of anticipation, the path toward its privatization ...
Yes Bank acquisition: RBI approves SMBC to buy 24.99% stake; CCI nod still pending
The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) plan to acquire up to 24.99% stake in Yes Bank. This follows ...
Generative AI adoption surge: Banking sector set for efficiency leap by nearly 46%
A Reserve Bank of India (RBI) report suggests that Generative AI could boost Indian banking operations by up to 46%. The central bank highlights AI’s ...
Banks can take call on minimum balance, no RBI curbs: RBI Governor Sanjay Malhotra
Banks Get the Green Light: Setting Their Own Minimum Balance Rules For years, that nagging question of minimum balance requirements has been a constant source ...
AU Small Finance Bank to shift HQ to Mumbai
AU Small Finance Bank’s promoters will transfer shares to a non-operative holding company, fulfilling RBI’s requirements for its transition to a universal bank. Following in-principle ...
SBI’s Q1 net rises 10% to Rs 21k cr on strong treasury, forex gains
State Bank of India’s Q1 FY26 consolidated profit rose 9.7% to Rs 21,201 crore, fueled by strong treasury and forex income. While advances grew 11.6%, ...
AU secures in-principle nod for universal bank
RBI has granted AU Small Finance Bank in-principle approval to transition into a universal bank, marking the first such approval in a decade. Founded as ...
PNB eyes Rs 30 lakh crore milestone by March 2026
Punjab National Bank (PNB) is confident in exceeding its business target for the current fiscal year, aiming for Rs 30 lakh crore by March 2026. ...
HDFC & ICICI Bank report strong earnings with record profits in Q1
HDFC Bank and ICICI Bank both reported robust earnings growth for the June 2025 quarter, fueled by increased interest and non-interest income. HDFC Bank announced ...
