'Corporates now have multiple funding sources beyond banks, and many are sitting on large cash reserves.'
Axis Bank reported a sharp drop in net profit in the second quarter of financial year 2026 (Q2FY26) on higher provisions and weak operating profit growth while revenue growth was moderate. But loan growth and deposit growth improved to double-digits year-on-year (Y-o-Y) and asset quality also improved with the gross non-performing loan or NPL ratio moving down.
Spain and Portugal suffered a major power outage on Monday, affecting millions and disrupting airports, metros, and telecom companies.
Privately, many bankers admit their immediate goal is not growth but slowing the erosion of Casa deposits, reveals Tamal Bandyopadhyay.
Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.
Glimpses of Pope Francis when he appeared for the first time, April 6, 2025, since his return to the Vatican after spending 38 days at the Gemelli hospital in Rome, recovering from a serious lung illness.
Verstappen collided with Leclerc and twice with Mercedes' George Russell after the safety car restart.
Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.
Pope Francis has died, the Vatican said on Monday. The Pope passed away on Easter Monday, April 21, 2025, at the age of 88 at his residence in the Vatican's Casa Santa Marta, according to a statement from the Vatican.
India's winless run on its Portugal tour continued as they played out a goalless draw with Casa Pia AC in their fifth practice match at Casa Pia ground in Lisbon.
Formula One will have two races in Spain next season with Madrid's new street circuit making its debut in September and Italy's Imola dropping off the 24-round calendar, F1 and the governing FIA announced on Tuesday.
Net profit of 19 listed banks is likely to decline by 4 per cent year-on-year (Y-o-Y) for the quarter ended March (Q4FY25) mainly due to pressure on net interest margins (NIM) as a result of rate cut by the Reserve Bank of India (RBI), according to analysts' estimates. Additionally, loan growth is expected to further slowdown amid low demand in certain secured products, stress in the unsecured segment, and a high cost to deposit (CD) ratio across the system.
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.
F1 leader Oscar Piastri seized pole position from teammate and title rival Lando Norris by a hefty margin as dominant McLaren locked out the front row in Spanish Grand Prix.
Shah Rukh Khan is all set to move out of his famous residence, Mannat, in Mumbai and shift into a rented accommodation.
Carlos Alcaraz withdrew from the Madrid Open on Thursday after the second seed said he was struggling with hamstring and groin injuries.
'The way the bank is doing in the past 4-5 quarters, no reason to see why we will not be able to achieve that.'
World number two Carlos Alcaraz beat seventh seed Arthur Fils 6-2, 6-4 on Saturday to advance into his third Barcelona Open final, where the Spaniard will face Denmark's Holger Rune for the title.
The current situation in Kerala politics is perhaps best described as a case of the state's traditional two front politics now seeing a third front (the BJP) muscling in with the potential outcome being either a messy three front affair or a renewed endorsement of the two front pattern but with one of the old fronts compromised or quashed, observes Shyam G Menon.
The mourning will be observed across the country on April 22 and 23, and again on the day of the Pope's funeral.
Bank of Baroda, a state-owned bank, in its quarterly update on Friday said its domestic deposits grew 9.23 per cent year-on-year (Y-o-Y) in October-December (Q3FY25) at Rs 11.65 trillion, while advances increased 11.76 per cent Y-o-Y at Rs 9.63 trillion, outpacing deposit growth during the period. Domestic retail advances grew at a robust 19.5 per cent Y-o-Y to Rs 2.43 trillion.
While the Pope "continues to be alert and spent the day in an armchair" he is "in more pain than yesterday," it added.
Maria Goretti and Arshad Warsi have beautifully restored a 150-year-old Portuguese home in the sleepy village of Saligao, Goa, and its unique interiors truly transport you to another world.
Barcelona will go to the international break on top of the standings on a perfect 12 points from four games, five ahead second-placed Villarreal and seven clear of bitter rivals Real Madrid
'Now we have one of the best asset qualities in the industry.'
What's absolutely loveable is the Navra Maza Navsacha 2 actor's knack for choosing the perfect look for any outing.
Most lenders that have reported their April-June business update posted slower growth in deposits sequentially as compared to the loan growth in the April-June quarter of 2024-25 (FY25). Current and savings account (CASA) deposits continue to face pressure. Private-sector lenders YES Bank, Bandhan Bank, and RBL Bank saw their deposit growth contract by 0.5 per cent, 1.5 per cent, and 2 per cent, respectively.
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
'It's a debatable topic, and we will submit our comments to the RBI by June 15.'
It is to be seen if SBI under Setty, who will have a three-year term, can ride the economic cycle to take SBI to new heights, navigating some of these challenges.
'We plan to launch new initiatives, including cash flow-based lending, to ensure borrowers are not burdened and can access funds more quickly.'
Coach Branko Ivankovic insisted China's World Cup qualifying campaign was still alive despite back-to-back losses to Saudi Arabia and Australia over the last five days leaving them bottom of Asian qualifying Group C.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business.
An ambulance with a headset that helps doctors monitor and help patients from a distance is showcased at the Mobile World Congress in Barcelona, February 27, 2024.
As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay.
The Securities and Exchange Board of India (Sebi) plans to mandate the UPI block mechanism, also known as the ASBA-like facility, in the secondary market for Qualified Stock Brokers (QSBs). QSBs are brokers with larger client sizes and thus more significance in the market ecosystem.
'For the first time ever it has come below 1 per cent, at 0.97 per cent.'
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Advanced System Limited (TASL)-Airbus facility in Vadodara to manufacture C-295 military aircraft in India.
The April-June quarter (Q1) of the current financial year (FY25) may be soft for banks with loan growth moderation, net interest margin (NIM) pressures, and higher staff and credit costs inching up, according to analysts. Credit growth could ease due to the lagged impact of the Reserve Bank of India (RBI) tightening and deposit growth has weakened, and the current account and savings account (CASA) ratio has declined 10-370 basis points (bps) quarter-on-quarter (Q-o-Q) for many banks.
