Banking
Central Bank of India reports 21.1% profit growth to ₹1,469 crore in Q2 FY27, driven by stronger lending, higher interest income and improving asset quality.
PNB shares surge 5.4% as strong quarterly earnings and improving margins lift PSU banks, while HDFC Bank and Axis Bank face selling pressure.
Federal Bank posts record Q2 FY27 profit of ₹1,386 crore, up 45%, as net interest income rises 26% and asset quality improves.
LIC launches three insurance products focused on guaranteed income, health protection and cancer coverage, expanding its offerings for Indian customers.
RBL Bank reports a threefold rise in quarterly profit as loan growth and foreign deposit inflows support earnings and balance-sheet expansion.
IDFC FIRST Bank CEO V Vaidyanathan says 52% of startups banking with the lender are from Tier-II and Tier-III locations, signalling wider entrepreneurship.
South Indian Bank appoints Mahesh Muralidhar Pai as Managing Director and CEO for a three-year term beginning October 1, 2026.
The September 28–30 nationwide bank strike has been deferred after IBA-UFBU talks, with a joint panel set to examine five-day banking.
RBL Bank, Bank of Maharashtra, UCO Bank and Bank of India are preparing overseas dollar fundraising as they rebalance funding after the FCNR(B) window.
RNFI Services receives RBI in-principle authorisation to operate as a Payment Aggregator–Physical, expanding into regulated offline and in-store payments.
Fairfax plans to sell its remaining 13.7% IIFL Finance stake to help fund its proposed ₹53,000 crore acquisition of a controlling stake in IDBI Bank.
IndusInd Bank expects 15–20% growth in its FY27 microfinance portfolio as disbursements recover, risk indicators improve and management turns positive
Crisil expects small finance banks’ gross NPAs to fall about 120 basis points to 2.6–2.8% by March 2027 as microfinance stress eases.
Russia’s Sberbank is expanding in India with a New Delhi trade hub, wider banking presence and a planned $100 million investment programme.
Indian banks cut long-term FCNR(B) deposit rates by up to 310 basis points after the RBI-backed special fundraising window ended on August 31.
