Category: Banking

The government and the Life Insurance Corporation of India are steadily progressing with the evaluation of revised financial bids for a strategic stake sale in IDBI Bank, according to recent…

Shares of IDBI Bank fell 10.56 per cent to close at Rs 81.12 on Tuesday, with investors focusing on the reported price at which Canada-based Fairfax Financial Holdings could acquire…

ICICI Bank has mobilised around $17.88 billion (₹1.7 trillion) through the Reserve Bank of India’s special USD-INR forex swap facility for FCNR(B) deposits, according to an exchange filing. Introduced on…

Axis Bank, India’s third-largest private sector lender, has raised the interest rate on FCNR(B) deposits of more than $1 million to 6.40% for three- to five-year maturities, effective August 17,…

State Bank of India (SBI) successfully underwrote nearly ₹1 trillion in micro, small, and medium enterprise (MSME) loans in FY26 by leveraging artificial intelligence, according to Deputy Managing Director Amara…

Shares of leading Indian private-sector banks witnessed a sharp decline on Monday as concerns over weak earnings and shrinking net interest margins (NIMs) weighed on investor sentiment. Shares of the…

Axis Bank, one of India’s leading private-sector lenders, is witnessing a major leadership reshuffle after three senior executives resigned from key positions. The departures include Anil Agarwal, President and Group…

Indian banks have begun reducing their reliance on short-term debt instruments as the Reserve Bank of India’s recent measures to attract foreign-currency deposits provide a cheaper and more stable source…

Former Chief Election Commissioner and former Finance Secretary Rajiv Kumar has been named by HDFC Bank as its choice for the position of part-time non-executive chairman for a three-year term,…

HDFC Bank, India’s largest private sector lender, said on Friday that an independent legal review into allegations made by former part-time chairman Atanu Chakraborty has found no supporting evidence. The…