Bajaj Finance flags 'unexpected' stress in unsecured MSME loans

Mumbai, July 24 -- Even as it reported a steady April-June quarter in terms of growth and profitability, Bajaj Finance flagged "unexpected" stress in its unsecured micro, small and medium enterprises ... Read More

RBI ban behind, Kotak banks on new affluent programme to grow cards portfolio

Mumbai, July 24 -- Kotak Mahindra Bank is betting on its new, invite-only 'Solitaire' programme aimed at affluent customers to grow its credit cards portfolio, five months after the Reserve Bank of In... Read More

SBI raises Rs.25,000 cr via India's largest QIP; to issue 30.6 cr shares at Rs.817 each

Mumbai, July 21 -- The country's largest lender State Bank of India has raised Rs.25,000 crore through a qualified institutional placement (QIP) of its equity shares, making it the largest QIP execute... Read More

HDFC, ICICI Bank results signal patchy credit revival despite rate cuts

Mumbai, July 21 -- India's two biggest private lenders-HDFC Bank and ICICI Bank-posted muted loan growth and thinner margins in the June quarter, underscoring the challenges banks face as the Reserve ... Read More

HDFC Bank shores up provisions as agri slippages rise; margins under pressure

Mumbai, July 19 -- HDFC Bank increased its provisioning buffers in the quarter ended June (Q1FY26) amid a rise in slippages from agricultural loans, leading to a marginal deterioration in asset qualit... Read More

HDFC Bank, ICICI Bank likely to report weak Q1 on sluggish loan growth, weak margin

Mumbai, July 19 -- HDFC Bank and ICICI Bank are expected to report a muted performance for the June quarter (Q1FY26), as sustained pressure on margins, sluggish loan growth, and elevated slippages wei... Read More

HDFC Life to prioritize new business growth, even at cost of lower margins

Mumbai, July 18 -- HDFC Life Insurance is prioritizing a steady growth in its value of new business (VNB) even if it has to settle for a lower margin in the bargain, Niraj Shah, the company's executiv... Read More

Elevated slippages, change in NPA classification weigh on Axis Bank's bottomline in Q1

Mumbai, July 17 -- Axis Bank's asset quality deteriorated in the first quarter of the current financial year due to the sustained elevation in retail unsecured slippages and a change in the classifica... Read More

Margins pressure, credit costs may plague banks in Q1; asset quality seen largely stable

Mumbai, July 14 -- Banks are expected to see weak growth in the first quarter of FY26 due to pressure on margins, rising credit costs and cyclically slower business during this period. "Q1FY26 is exp... Read More

Irdai has no plan to manage insurance distribution channels despite mis-selling

Mumbai, July 2 -- Even as mis-selling of insurance plans by banks has drawn scrutiny, the sector regulator doesn't want to manage distribution channels and seeks to focus on customer awareness to chec... Read More

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