The Hindu Businessline

The government has cited legal provisions and past Budget commitments to defend its decision to proceed with the strategic disinvestment of IDBI Bank.

Net interest income (interest income less interest expended) rose 10% y-o-y to 34,619 crore (31,551.50 crore in Q2FY26)

Axis Bank, the country's third-largest private bank by assets, posted a stand-alone net profit of 7,003 crore ($737.5 million) for the quarter ended on September 30

The bank expects agriculture priority-sector lending to sustain its 18% growth, maintaining profitability and improving asset quality in coming quarters

Other Members of the Bureau include Arijit Basu, Satish K Marathe, R Subramanian, Siddhartha Mohanty, Neeja Kapur and T. L. Alamelu

United Forum of IDBI Officers and Employees expresses shock over DIPAMs claims that it had discussed disinvestment with employee associations

Public sector banks earned a record 1.98 lakh crore profit in FY26, despite GNPA rising to 1.93%, boosting access and services

Q2 Results Today, 17th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates

Findings should be presented to Parliament where Ministry of Finance and DIPAM will have a great deal of explaining, says former Secretary to government in letter to Union Finance Minister

Aditya Sharma is trying an offbeat route to fund a school in a Rajasthan village that shares its name with a blockchain network

Following the consummation of the proposedacquisition, the Prem Watsa-founded Fairfax expects that the operations of the new company would continue to be led by Rakesh Sharma, the current MD and CEO of IDBI Bank

All the Indian branches of Emirates NBD will function as branches of RBL Bank Limited with effect from December 01, 2026

The banks gross non-performing assets (NPAs) moderated to 2.55 per cent of gross advances at the end of September 2026, down from 3.45 per cent a year ago

NIM rose 26 per cent y-o-y to 3,153 crore

Founded in April 2024 by Maurya, Ashish Jha and Manav Bharambe, Rupeeflo began operations in December that year

Q2 Results Highlights, 16th October 2026: Stay tuned to get real-time market, business and financial news updates

The hike in MCLRs comes in the wake of the RBIs rate setting panel increasing the repo rate by 25 basis points from 5.25 per cent to 5.50 per cent

The bank is examining legal options after the ruling, while S&P expects adequate capitalisation despite potential earnings pressure from coupon payments

Managing Director and CEO Sudipta Roy and Chief Financial Officer Sachinn Joshi discuss the companys strategy

The Latest Fixed Deposit Interest Rates: Oct 16, 2026

The Latest Home Loan Interest Rates: Oct 16, 2026

The private sector lender recorded a robust net profit growth of 37.3 per cent y-o-y at 788 crore for the quarter ended September 2026 (Q2FY27)

The merger follows Emirates NBDs $2.75-billion capital infusion into RBL Bank, completed in June after regulatory approvals and a mandatory open offer.

The product allows policyholders to invest across global equities, precious metals including gold and silver, and debt funds

A tech industry veteran,Varrier has previously served as the EVP, Head of Global Services at Infosys Americas as well as Global Head of Infosys Digital and Microsoft businesses and the CIO and Digital Officer for Aditya Birla Sun Life Insurance.

Net Interest Income rose 26.38% year-on-year to 3,153.40 crore, outpacing advances growth of 21.66%

Banks urge RBI to replace 20% cash deposit for hedges with flat fee; seek higher minimum deposits amid rupee volatility

Fairfax CEO emphasises that combining IDBI Bank, Digit, and IIFL Capital would create an entity that is well-positioned to participate in the continued growth and success of Indian markets

The investment includes a $100 million loan from Asias Private Infrastructure Fund 2, financed by the JICA and administered by ADB

Q2 Results Today, 16th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates

The LIC continued to dominate the market, with its first-year premium increasing 19.3 per cent to 1.44 lakh crore during the six-month period

This is done to ensure parity of taxes imposed on imports of gold and other metals through different routes, Revenue Secretary says

The panel comprises the Indian Banks Association (IBA), the Payments Council of India (PCI), and representatives of banks, payment service providers (PSPs) and various associations

Net interest margin on a global basis held at 3.00 per cent compared with 2.90 per cent in the year-ago period

The gross disbursals increased 27 per cent% to 24,027 crore on a year-on-year basis but stayed flat sequentially

All scheduled banks reported deposit and advances grew9.93 per cent y-o-y and 11.27 per cent y-o-y

Liability may exceed 13,000 crore; shares plunge 14.43 per cent

The life insurer had registered a net profit of 447.15 crore for the second quarter of last fiscal year, and its net premium income increased to 21,727.37 crore in Q2FY27 from 18,777 crore in Q2FY26

The banks global business grew 15.88 per cent year-on-year to 30.72 lakh crore

The decision comes amid open-market alternatives for minority stake sales and follows a Supreme Court ruling on Hindustan Zinc that influenced the ROFR discussion.

The regulator says proposals to overhaul the insurance sector are intended to improve the system while creating opportunities for businesses and policyholders

Net interest margin for Q2FY27 stands at 4.3 per cent as compared to 4.2 per cent for the corresponding quarter of the previous year

Total deposits increased by 12.5% YoY and reached 8,74,036 Cr as of September 2026

The new offerings span online trading, mobile banking, digital collections, AI-enabled customer outreach and dedicated credit support for startups

The move, which widens the rate gap between regular and senior accounts, aims to attract more funds amid shifting market rates

Credit demand remained firm across agriculture, industry, services and personal loans, according to the latest RBI sectoral data

The panel is currently preparing its report for submission to the Speaker of the Lok Sabha

Speaking at the Kautilya Economic Conclave, he outlined five policy priorities, stressing that financial stability should strengthen the systems ability to withstand and contain shocks

The company currently has over 78,000 women advisors, who constitute around 32% of its total advisor base but contribute approximately 45 per cent of its agency business, as of September 30, 2026

Shares of Yes Bank fell 13% on Thursday after the news.