The Hindu Businessline

US-based BofA Securities, through its arm BofA Securities Europe SA purchased 60 lakh shares, amounting to a 0.97% stake in RBL Bank, as per the block deal data available on the BSE

Canara HSBC Life Insurance logs net profit of 27.65 crore in Q3 FY26

Net interest income (difference between interest earned and interest expended) in the reporting quarter was up about 6% yoy at 6,461 crore (6,070 crore in the year ago period).

Industry executives call for measured regulatory and tax refinements that protect users, maintain financial stability and support responsible market development

Azhisur to also continue as Chief Information Officer for Guardian India

The SIDBINSE promoted RXIL reports strong profitability after wiping off accumulated losses in FY24

Gross non-performing assets declined to 3% from 4.08% a year earlier, while net NPAs fell to 0.68% from 0.94%

The branch will be facilitating the trading of equities, derivatives and other financial instruments

The International Financial Services Centres Authority (IFSCA) proposed that a market participant undertaking algorithmic trading may only be able to do so with the prior permission of an exchange

This is the third year in row where City Union Bank has received six or more awards at the IBA Technology awards

The banks NII grew 16% y-o-y to 2,341 crore, while other income was up 17% at 724 crore

This will be the first review after the fourth consolidation round, which reduced the number of RRBs to 28 from 43

Cashfree has raised $53 million in a funding round led by South Korean gaming giant KRAFTON last year, with participation from existing investor Apis Growth Fund II

The company had posted a net profit of 212 crore in the corresponding quarter last year

The program will support 10 strategic initiatives in key sectors such as climate innovation, agriculture, manufacturing, financial inclusion, and gender diversity, as well as emerging areas like AI and deep technology

With this acquisition, UST will be able to increase its share of digital banking solutions implementation and support services for banks and credit unions

RBI has injected a record 14.5 trillion rupees of liquidity since end-December 2024 through cash reserve-ratio cuts, open-market bond purchases and foreign-exchange swaps,

Banks to enhance scrutiny of priority sector loans through Securitisation Notes, adhering to new RBI guidelines for better asset quality.

His remarks come as the Reserve Bank reviews the possibility of resuming licensing of new UCBs through a discussion paper

Mathews has served over 37 years in the Indian Army, and retired as the Major General

Optimistic Capital revealed plans to invest in two additional microbreweries in central Bengaluru

Under the new feature, policyholders pay premiums for only six of the twelve years, with the remaining premiums offset by income benefits

This model, which leverages digital credit underwriting, represents a shift from traditional collateral-based lending to a system fuelled by verifiable data and real-time digital footprints

HyperVerges Video KYC solution helps banks significantly improve conversions and productivity, enabling each agent to complete nearly twice the number of agent-approved verification calls per day compared to earlier workflows

Gross Non-Performing Assets ratio improved by 90 bps to 3.19%

Proposal for CBDC connectivity could feature at 2026 BRICS summit, reduce reliance on the US dollar as geopolitical tensions rise

The Chinese insurance market is expected to grow by around 4 per cent and the US by 2 per cent over the same period

Writes to President, demands law mandating inclusion of social justice clauses in MoUs during PSU sales

Financial Services Secretary M Nagaraju stressed improving persistency among low-ticket policyholders and highlighted LICs shift to high-growth non-participating products

The lenders operating profit stood at 1680.24 crore for Q3FY26 as against 1,585.69 crore for Q3FY25

Bank is engaging with the regulator on succession plans for the CEO position

The bank's total income increased to 3,529 crore during the quarter under review against 3,269 crore in the same period last year

Net interest income in the reporting quarter was up 8% year-on-year (y-o-y) to 21,932 crore (20,371 crore in the year ago period)

Its core net interest income grew 10.9% to 2,466 crore on the back of 0.10% expansion in the net interest margin and a loan growth of 5.2%

Bakhshi has led Indias second-largest private sector bank since October 2018 and has been part of the ICICI Group since 1986

The banks net interest income rose 6% on-year to 32,620 crore, while other income rose to 13,254 crore in Q3 from 11,454 crore in same period last year

The private sector bank, in which LIC and the Central Government hold 49.24% and 45.48% stake, respectively, reported a net profit of 1,908 crore in the year ago quarter

The integration goes beyond consolidation, positioning the combined organisation to deliver deeper, sector-specific risk and insurance solutions across corporate insurance, reinsurance and specialised risk segments

RBL Bank posted a standalone net profit of 21.4 crore for the quarter ended December, compared with 32.6 crore a year earlier

The bank posted a standalone net profit of 952 crore for the three months ended December, a 55% increase compared with 612 crore year earlier

The project will be located in Zambias Serenje district and involves setting up a photovoltaic solar plant.

The bank is set to report its Q3FY26 earnings Saturday

The Reserve Bank will establish the Centralised Receipt and Processing Centre at one or more places to receive the complaints filed under the Reserve Bank Integrated Ombudsman Scheme

The Banks board on Friday approved third interim dividend at 2 per cent 20 paise per equity share having face value of 10 each for FY26.

Stanchart said in an emailed response that its wealth and retail banking strategy for India is focused on multi-product relationships, with a strong overlay of international banking

Shares of the lender ended trading 10 per cent higher at 270 apiece on the BSE today.