The Hindu Businessline

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

Q1 Results Today, 18th July 2026 Live Updates: Catch all the live updates here

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

The NBFCs assets under management (AUM) rose 2.6 times from 11,665 crore as at June-end 2025 to 30,667 crore as at June-end 2026

The non-banking finance companys board on Thursday approved a fund raise of up to 4,000 crore

Bank posts 32 per cent y-o-y rise in net profit to 4,273 crore

This workforce streamlining coincides with a strategic expansion of branch networks, as these banks shift toward automated processes to enhance customer experience and reduce costs.

P R Seshadri, MD & CEO, noted consistent growth in targeted segments, focusing on quality asset acquisition in corporate lending, auto loans, and gold loans

The rupee has weakened about 11% against the dollar over the past year, the worst-performing Asian currency over the period

Blackstone has over $50 billion worth assets under management in India

HDFC Bank arm HDB Financial Services reported a net profit of 785 crore for the quarter ended June 30, 2026, a 38.3% y-o-y increase from 568 crore in the corresponding quarter last year

If completed, the deal would create one of the worlds largest digital payments companies, processing nearly $3.7 trillion in annual payment volume

A BoP deficit can arise when a country imports more than it exports

The insurers net profit for the first quarter last fiscal stood at 747.08 crore. During Q1FY27, its net premium underwritten rose 17.70 per cent year-on-year at 6,603.73 crore from 5,610.52 crore in Q1FY26

The integration enables organisations to select IndusInd Bank directly on the EPFO portal and complete their Provident Fund contributions, using the Banks Corporate Internet Banking and Mobile Banking applications

Data has emerged as a critical organisational asset for REs, underpinning business operations, customer service, financial reporting, regulatory compliance, risk management, and strategic decision-making

The private sector life insurer had registered a net profit of 548.35 crore in the first quarter last fiscal

New premium income grows 14.65% to 9,749.33 crore in Q1FY27

Bank eyes $1.5-2 billion via fresh Foreign Currency Non-Resident (Bank)/ FCNR (B) deposits under the RBIs concessional swap window

Appointment is for a period of three years with effect from July 15, 2026

The acquisition marks Home Credits entry into education-focused lending

Tata AIGs insurance portfolio will be available across Ujjivans 776 branches spanning 335 districts in 26 States and UTs

Move brings cryptocurrencies under stricter rules, including insider trading regulations and tougher penalties.