The Hindu Businessline

Net profit jumps 82% to 19 crore; Q1 revenue rises 6.8% y-o-y to 830.5 crore

Annual UPI transaction volume rose from 1.78 crore in 2016-17 to more than 24,162 crore in 2025-26, an almost 13,000-fold increase

The subsidiary called Copthall Mauritius Investment Ltd plans to seek clarifications but is unlikely to appeal the order for now, sources said

The focus areas include green manufacturing, waste recycling and upcycling, cleantech, renewable energy, water management, environmental technologies and the sustainable use of indigenous resources

The All-India Bank Officers Association has demanded regulatory intervention to protect policyholders and retain IDBI Bank in the public sector

Banks saw stronger loan demand across key sectors, but slower deposit growth kept funding pressures elevated and the system-wide LDR high

The financial services firm noted improved banking sector health, citing cleaner balance sheets and stronger fundamentals as key factors for the positive outlook on Indian banks

An El Nio event of this magnitude and speed has the potential to create a macroeconomic shock well before the market has fully priced it, says Michael Ferrari, VP and Head of Research, Moby

Doubling down:Focus is on profitable, meaningful, qualitative growth: Chairman Setty

SBI Research noted that discrepancies among the MPC minutes, monetary policy statement, and Governors comments have caused uncertainty in the markets regarding future interest rates

The bank's board approved the issuance of foreign-currency-denominated bonds through its International Financial Services Centre (IFSC) Banking Unit (IBU) in GIFT City on Friday

Axis Bank will provide standby letters of credit to support financing extended by Citigroup through its offshore operations

As part of the programme, IIFCL is envisaging raising about $1 billion through long-term ECBs, with tenors of up to 15 years, under the MIGA Guarantee Facility, in multiple tranches

This growth would come from tonnage, he said, adding that the gold loan segment is likely to grow about 20%

The campaign received an overwhelming response, with credit proposals mobilised amounting to 2,080 crore, of which 1,125 crore was sanctioned and 575 crore disbursed, the bank said in a statement

Setty said the scale of SBI's operations is closely linked to the performance of the Indian economy

India's private credit market remains relatively small at an estimated $25-30 billion as of March 2025, compared with around $1.4 trillion in the US

And the inflows are gathering pace as the RBI has cut short the deadline to offer concessional swap facility for fresh FCNR-B deposits mobilised by banks by a month to August 31, 2026

The RBI reported that authoriSed dealer banks recorded $65.397 billion in inflows from FCNR(B) deposits as of August 21

Non-commercial vehicle segments continued to gain ground across balance sheet

The report said blockchain technology has enabled the development of digital assets, including unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins

The fundraising expands Bank of Barodas overseas debt portfolio, following a similar $300-million issue earlier, under its broader medium-term programme

Investors in the 1825 year age group recorded the highest selling activity in Q2, as per data collacted by CoinSwitch

The Authority will continue to take appropriate supervisory and enforcement action wherever regulatory non-compliance is observed

Indias insurance sector is poised for rapid expansion, creating greater demand for specialised expertise in risk assessment, technology and financial regulation

The fundraising will add to the lenders capital resources as its shares ended lower on Friday amid moderate trading activity on NSE

The Latest Home Loan Interest Rates: Aug 21, 2026

The Latest Fixed Deposit Interest Rates: Aug 21, 2026

Bitcoin advances almost 20% this week

ICICI Bank has already raised $2.05 billion through dollar debt in the past month

The Canadian investor is likely to be given up to two years to either sell its stake in CSB Bank or merge it with IDBI Bank, sources said

The original cryptocurrency climbed as high as $75,740 as of 10 a.m. in Singapore

Greater digital adoption and reliance on external technology providers are expanding the risk landscape for smaller banks, demanding stronger safeguards and oversight.

Withdrawals beyond four will attract a charge of 15 plus GST per transaction

Their appointment is for a period of four years

He emphasised that the next phase of reform will be judged by accessibility of the foreign exchange services that citizens receive

The panel also raised concerns involving larger NBFCs, where substantial amounts of money are involved, and stressed the need for regular intervention by the Reserve Bank of India

The regulatory action follows scrutiny of the insurers expenses, while Niva Bupa maintains that recent-period compliance remains on track.

Bitcoin rose about 4.1% to over $71,900, its highest level since May 31

This policy adjustment aims to streamline banking services while maintaining accessibility for account holders who meet the banks KYC requirements.

Insurers are entering FY27 with stronger operating trends, supported by rising premiums, improved margins and better claims performance across key segments.

The lender plans to raise at least $500 million each through three-year and five-year bonds via its GIFT City branch

The money has been raised between June 16 and August 13

The approval gives the insurer greater room to increase its exposure to Indias largest private-sector bank amid evolving institutional ownership.

He emphasised that Banks should focus, in particular, on the functions critical to their resilience and on those that matter most directly to their customers

The transaction is subject to customary closing conditions and regulatory approvals, including clearance from the Competition Commission of India (CCI)

At the same time, he warned against excessive reliance on algorithms, emphasising that human judgment remains essential

Karnataka Bank customers can easily subscribe to HUDCO Capital Gain Bonds at the banks branches, supported by dedicated relationship management and customer service