The Hindu Businessline

Among Banks, State Bank of India and Punjab National Bank have reportedly seen fresh inflows of about $1.90 billion and $425 million via fresh FCNR (B) deposits

Profits were driven by a 32% growth in net interest income

The bank has set a target of raising around $1 billion across both FCNR (B) deposits and Overseas Foreign Currency Borrowings (OFCBs) by September

Kharbanda emphasised the companys aim to diversify and strengthen their distribution further in India

Introduced to boost capital inflows and strengthen Indias external sector, the RBIs swap facility remains open until September 30 for FCNR(B) deposits and December 31 for OFCBs and ECBs

The move follows Scapias recent $63 million fundraise and underscores its focus on rewarding employees while expanding its AI-driven travel platform

Aruna Shyam is a postgraduate in Business Law and holds a doctorate in Law

Total income rose to 10,938 crore during the April-June period from 8,866.47 crore a year earlier, the bank said in a stock exchange filing

IL&FS trimming debt through asset resolution, interim distribution, including cash & InviT units, among others

New-to-credit borrowers now opting for personal loans, especially the phone financing category, says the TransUnion CIBIL head

The Latest Fixed Deposit Interest Rates: Jul 20, 2026

The Latest Home Loan Interest Rates: Jul 20, 2026

Speaking to businessline, IAS Balamurugan, Managing Partner & Co-founder of Anicut Capital said, among the news funds three are equity-focused while one is a private credit fund

The reversal, combined with flows into ETFs tied to Ether, the second-largest cryptocurrency, could signal positive sentiment returning to the market

The ERDs report noted that banking system has experienced persistent and rapid expansion in bank credit with a growth of 18.6% for the fortnight ended 30 June 2026

Q1 Results Today, 20th July 2026 Live Updates:

I hope that good sense will prevail on the Finance Ministry, and the government will drop the proposal once for all, says former secretary to government

Tax considerations, narrowing India-US yield spreads and competing investment options keep NRI participation cautious, even as banks intensify outreach efforts and target higher collections by September

Proposal raises concerns of constitutional governance, economic sovereignty, parliamentary accountability and long-term national interest, says officers and employees union

The banks net profit rose by about 10% this quarter after adjusting last years profit for HDB Financial Services IPO gains, provisions, and tax credits

Indias second largest private sector bank had recorded a net profit of Rs 12,768 crore in the year ago period

Lower provisioning and strong recoveries helped Axis Bank, Kotak Mahindra Bank and IDBI Bank post healthy profit growth in the June quarter, while YES Bank delivered a strong performance driven by the strength of its core earnings engine

NIM narrows to 4.53% even as advances, deposits and fee income post healthy growth

Net profit increased to 331 crore in the April-June quarter, up from 269 crore

Total income rose 6% to 40,721 crore from 38,322 crore last year; Net Interest Income increased 8% to 14,646 crore, with a Net Interest Margin of 3.46%

However, the total income of the bank in the quarter under review dropped to 92,184 crore from 99,200 crore in the same period a year ago

The private lenders net interest income, which is the difference between interest earned and interest expenses, increased to 17% to 2,786 crore from 2,371.47 crore a year ago

The banks standalone net profit rose 15.95% to 14,804 crore for the April-June quarter, up from 12,768 crore a year earlier

On a standalone basis, net profit of the bank stood at 4,122.96 crore in the June 2026 quarter, as compared to 3,281.68 crore in the year-ago period

Asset quality improves as retail, MSME and agriculture lending gains momentum

Net interest income rose 8 per cent, but higher funding costs, weaker non-interest income and elevated operating expenses kept operating profit growth at just 1.3 per cent

Strong loan demand, improving deposits and policy support expected to drive earnings

Lender has already mobilised $150 million under FCNR(B) scheme; expects margins to improve from Q2

The public sector bank had reported a net profit of Rs1,169 crore in the year ago quarter

Central banks subsidiary floats EoI for manufacture, supply of sheet for plastic currency

The Banks board on Friday approved raising of funds in Indian currency or any other permitted foreign currency by way of issue of debt instruments up to 10,000 crore on a private placement basis

Under the partnership, SIBs Affordable Housing Loans will be made available through select Muthoot MCred branches across various locations

The Latest Home Loan Interest Rates: Jul 03, 2026

The Latest Fixed Deposit Interest Rates: Jul 03, 2026

The FM and AP Chief Minister distribute 3,216 crore in loans to over 1.03 lakh beneficiaries in Palnadu, AP

For the 6.03% Government Security 2029, which has a notified amount of 11,000 crore, the RBI fixed the underwriting commission cut-off rate at 0.44 paise per 100

Total income rises to 10,678 crore during the June 2026 quarter from 10,360 crore in the same period of FY26

RBI had announced a zero-cost foreign-exchange swap facility for deposits raised from non-resident Indians on June 5

The move has caused deep concern among employees with respect to job and social security benefits, including pension, the forum says

The RBI has allowed banks to offer higher interest rates on FCNR deposits until September 30, aiming to boost forex reserves, support the rupee and attract larger foreign currency inflows from NRIs

Foreign currency deposits from non-residents should improve liquidity after the RBI said it would bear the cost of currency hedging, says Nomura

Banking assets in GIFT City doubled to more than $100 billion as of September compared with two years earlier

According to the report, expectations may have been inflated by comparisons with the RBIs successful 2013 FCNR scheme

The central bank noted that a bank generally does not transact in immovable assets as part of its core business operations, except in exceptional cases