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New Delhi, Apr 8 (PTI) Interest rate-sensitive realty, auto and bank stocks were in high demand on Wednesday, a day when the Reserve Bank of India kept its key policy rate unchanged, adopting a wait-and-watch stance as policymakers assessed the fallout from the Iran conflict on energy supplies, inflation and growth. A sharp rally in the broader equity market also aided buying in these stocks. Among realty firms, the stock of Lodha Developers surged 8.48 per cent, Prestige Estates Projects jump ...Read More >
Kolkata: Deposits for India's largest private sector lender HDFC Bank grew 14.4% year-on-year, outpacing a 10.2% expansion in assets under management (AUM), bucking the industry trend. The bank on Saturday said its AUM grew to ₹30.58 lakh crore at the end of March, while deposits stood at Rs 31.06 lakh crore. On the liability side, its current and savings account (CASA) deposits were at Rs 10.61 crore, reflecting a 12.3% year-on-year growth. Industry average till March 15 published by Reserve ...Read More >
New Delhi, Apr 4 (PTI) LIC-controlled IDBI Bank on Saturday reported a 16 per cent increase in loan growth to Rs 2.53 lakh crore for the fourth quarter ended March 2026. Its total advances were Rs 2.18 lakh crore at the end of March 31, 2025, IDBI Bank said in a regulatory filing. The lender reported a 12 per cent rise in total deposits to Rs 3.46 lakh crore from Rs 3.1 lakh crore at the end of the fourth quarter of the preceding financial year. The total business of the bank increased 14 per ...Read More >
Kolkata: AU Small Finance Bank's deposit growth outpaced its gross loan portfolio expansion, bucking an industry trend. The bank on Saturday reported a 22.8% year-on-year deposit growth to Rs 1.53 lakh crore at the end of March while its gross loan portfolio, which includes securitised loans, grew 21.3% year-on-year to Rs 1.40 lakh crore. Industry average till March 15 published by Reserve Bank of India showed that bank credit grew by 13.8%, 300 basis points more than the average deposit expan ...Read More >
The Haryana vigilance and anti-corruption bureau (SV&ACB) has arrested another accused in the ₹145-crore Panchkula municipal corporation FDR fraud case. The case pertains to alleged irregularities in fixed deposit receipts (FDRs) and bank accounts maintained by Panchkula MC at Kotak Mahindra Bank, Sector 11, Panchkula. The accused has been identified as Kapil, a resident of Rajpura, Punjab, into whose account ₹2.36 crore was allegedly transferred into from the Panchkula MC's account. Kapil ...Read More >
A local court on Friday granted seven-day police remand of Rajat Dahra, accused of embezzling ₹70 crore of Panchkula Municipal Corporation (MC) funds. The case, being probed by the State Vigilance and Anti-Corruption Bureau (ACB), Haryana, stems from serious discrepancies flagged in ₹145-crore fixed deposits (FDs) maintained by MC with Kotak Mahindra Bank, Sector 11, Panchkula. After lodging an FIR under the Prevention of Corruption Act and provisions of the Bharatiya Nyaya Sanhita on M ...Read More >
Mumbai: Nifty Bank has recorded its worst monthly performance in six years, with the index falling more than 16 percent in March. This is the steepest decline since March 2020, when markets had crashed during the COVID-19 outbreak. What makes this fall significant is that every single one of the 14 stocks in the index declined, and all losses were in double digits. The fall ranged between 11 percent and 22 percent, showing broad-based weakness across the banking sector. Heavy Losses in Large B ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India's (RBI) recent measures aimed at supporting the rupee came into effect. All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It ...Read More >
Haryana chief minister Nayab Singh Saini informed the state assembly on Tuesday that the entire amount deposited with IDFC First Bank has been recovered, including interest, within 24 hours of the fraud coming to light. Making a statement on the floor of the House immediately after Question Hour, Saini said that by Monday evening, the bank had returned approximately ₹556 crore, which includes ₹22 crore in interest, to government accounts. "The entire amount has been deposited back into our ...Read More >
New Delhi, Feb 23 (PTI) Reserve Bank Governor Sanjay Malhotra on Monday said the central bank is keeping a watch on the development around Rs 590-crore alleged fraud at IDFC First Bank, and assured it was not a "systemic issue". Private sector IDFC First Bank had on Sunday disclosed a Rs 590-crore fraud committed by certain employees and others at a particular branch in Chandigarh in a specific set of Haryana state government accounts. "We are watching the development...there is no systemic is ...Read More >
Jana Small Finance Bank's application to become a universal bank has been returned by the Reserve Bank of India due to non-fulfilment of criteria. While the exact reasons are yet to be clarified, the bank plans to rectify issues and reapply. This setback postpones plans to reduce funding costs, though daily operations remain largely unaffected. Mumbai, Jana Small Finance Bank on Tuesday said the Reserve Bank of India (RBI) has returned its application to become a universal bank due to non-fulfi ...Read More >
Private banks such as Yes Bank, RBL, DCB, Federal and City Union Bank can rally up to 48%, hint charts. Shares of private banks, mainly Yes Bank and RBL Bank have been in limelight after Japan-based Sumitomo Mitsui Banking Corporation and UAE-based Emirates NBD picked equity stake in these two Indian private banks. Sumitomo Mitsui became the largest shareholder in Yes Bank at 24.99 per cent following the additional stake purchase from SBI and a consortium of seven other shareholders. Over the ...Read More >
Mumbai: Indian banks are expected to report muted earnings and loan growth for the September quarter, reflecting a slowdown in both retail and corporate segments over the past two quarters. Analysts estimate system-wide loan and deposit growth at around 9-10%. Treasury gains are also likely to be weaker, as rising bond yields weigh on valuations. Additionally, banks may face some compression in net interest margins with the full impact of recent repo rate cuts coming through. Asset quality tren ...Read More >
New Delhi, September 28: In a major breakthrough against cyber-enabled financial fraud, the Delhi Police Crime Branch's Cyber Cell has arrested a key accused linked to a pan-India crypto investment racket that defrauded a victim of nearly Rs 34 lakh, police officials said on Sunday. Officials said the accused, Naresh Kumar of Haryana's Karnal, was apprehended for acting as a professional "account provider" to organised cyber fraud syndicates operating under the name Coin-Ex Crypto Trading. Digi ...Read More >
New Delhi, Jul 19 (PTI) AU Small Finance Bank on Saturday posted a 16 per cent growth in net profit to Rs 581 crore during the first quarter of this financial year. The Jaipur-based bank had earned a net profit of Rs 503 crore in the same quarter of the previous fiscal year. The total income rose to Rs 5,189 crore during the June 2025 quarter from Rs 4,278 crore in the same period of FY25, AU Small Finance Bank said in a regulatory filing. Interest earned by the bank improved to Rs 4,378 cror ...Read More >
Hyderabad: Actor Vijay Deverakonda is all set to return to the silver screen in a never-seen-before avatar with Kingdom, an action drama film that focuses on the themes of betrayal, vengeance, and redemption. The upcoming film is scheduled to release across India on July 31, and its Hindi version has officially been titled Saamrajya. Directed by Gowtam Tinnanuri, best known for the National Award-winning Jersey, Kingdom/Saamrajya features Deverakonda in a rugged and physically intense role. The ...Read More >
New Delhi, Jul 19 (PTI) AU Small Finance Bank on Saturday posted a 16 per cent growth in net profit to Rs 581 crore during the first quarter of this financial year. The Jaipur-based bank had earned a net profit of Rs 503 crore in the same quarter of the previous fiscal year. Also Read | Bodoland Lottery Result Today, July 19, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. The total income rose to Rs 5,189 crore during the June 20 ...Read More >
New Delhi [India], July 9 (ANI): Indian banks witnessed significant gains in market capitalisation during the April-June quarter of 2025, driven by falling interest rates and increased liquidity, which collectively attracted investor confidence. According to S&P Global Market Intelligence data, 18 of the top 20 Indian lenders, including the nation's three largest, saw their market cap rise.HDFC Bank Ltd., India's largest bank by market cap, registered a strong 9.70 per cent increase in its marke ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adj ...Read More >
Jaipur: AU Small Finance Bank appointed Nandkumar Saravade and Jagajit Mangal Prasad as independent directors to its board, the bank said on Wednesday. Sarvade is a leading expert in cyber security, fraud risk and regulatory technology and has over three decades of experience across the Reserve Bank Information Technology. Prasad brings rich experience of over three decades in human capital strategy, having led HR functions across ING Vysya Bank, Kotak Mahindra Life Insurance, Tata Elxsi, and Su ...Read More >
Mumbai, June 27, 2025 | 10:20 AM IST -- Shares of HDFC Bank Ltd traded at ₹2,007.00, down ₹14.80 (-0.73%) from the previous close of ₹2,021.80 during Thursday morning trade on the NSE. Despite a largely positive trend across the banking sector, HDFC Bank saw marginal profit booking after a steady run earlier in the week. The stock traded in a narrow band between ₹1,995 and ₹2,020 in the first hour of trading, with subdued volume action. Analysts attribute the dip to routine investor rotation in ...Read More >
New Delhi: The Nifty Bank index hit its all-time high on Friday, rising 1.47 per cent, after the Reserve Bank decided to cut cash reserve ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash ...Read More >
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