In Q1FY26, the bank reported fresh slippages of 8,200 crore, up 71 per cent Y-o-Y and sequentially. Of this, 7,500 crore is from the retail segment.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
Kotak Mahindra Bank to have a 19.9% stake in the proposed banking venture.
Challenges abound but innovation is key for new banks inorder to survive.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided
If the banks throw caution to the winds for building loan books, the hydra-headed bad loans may resurface and spoil the party, warns Tamal Bandyopadhyay.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
The 57-year-old Bhattacharya, front-runner for the post on account of years of service left, was managing director and chief financial officer of the bank prior to her elevation.
Sensex ends belowe 26,800 on domestic concerns.
The central bank says that PSU banks need to generate more internal capital and that the government should cut stake.
Bank shares were the top losers along with index heavyweight RIL
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
The Sensex ended down 251 points at 27,351 and the Nifty shed 65 points to close at 8,228.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
After the government sought Parliament's nod for a second batch of supplementary demand for grants that will cause a hit of Rs 2.99 trillion to the exchequer, doubts suddenly arose about the government's ability to meet the Budget projections of reining in its fiscal deficit at 6.8 per cent of gross domestic product (GDP), or Rs 15.06 trillion, for the current financial year. Till now, many were of the opinion that the government would succeed in checking the deficit at a much lower figure than what was given in the Budget Estimates (BE). The government had sought Parliament's approval to spend Rs 3.74 trillion extra, but Rs 74,517.01 crore will be matched by equal savings on other heads.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
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