Daily Headlinez Top News Updates
MUMBAI: Credit growth continued to outpace deposit mobilisation for Punjab National Bank, Union Bank of India and IDFC FIRST Bank at the end of the March quarter, reflecting sustained loan demand in a tight liquidity environment.Punjab National Bank reported global advances of Rs 12,61,420 crore as of March 31, 2026, up nearly 13% year-onyear, while…
Mumbai: Bank credit growth continued to outpace deposit mobilisation this financial year, tightening system liquidity even as lenders step up loan disbursements. By Jan-end 2026, the incremental credit-deposit (CD) ratio had climbed to 96.9%, sharply higher than the outstanding CD ratio of 82.3%, indicating that banks lent out nearly Rs 97 for every Rs 100…
MUMBAI: State Bank of India has raised its credit growth target for the year after broad-based momentum lifted profitability in the Dec quarter, chairman CS Setty said at a briefing. “On the credit growth advice we had given 12 to 14% credit guidance earlier. We are revising that upwards to 13 to 15% based on…
Public sector banks (PSBs) are expected to cross the Rs 2 lakh crore combined profit mark in the current financial year, buoyed by strong balance sheets, steady credit expansion and improved asset quality, Financial Services Secretary M Nagaraju said.Speaking to PTI in an interview, Nagaraju said the Indian banking system remains resilient, supported by regulatory…
NEW DELHI: Punjab National Bank (PNB) MD & CEO Ashok Chandra Monday said the state-run lender is looking to grow organically in the southern states and there is no proposal on the table for any acquisition.“No decision or discussion regarding (any) acquisition has happened at the board level or at the govt level,” Chandra told…
MUMBAI: Large banks show a continued trend of credit growth outpacing deposit mobilisation in the quarter ended Dec 31, 2025, with most lenders reporting advances rising faster than liabilities, and shifting deposit mix in favour of term deposits over current and savings accounts (CASA).India’s largest private bank HDFC Bank reported gross advances of around Rs…
MUMBAI: Deposit outflows during the first half of Dec, which was largely attributed to tax payments, widened the gap between credit offtake and deposit accretion at scheduled banks, highlighting a growing structural imbalance in the system. According to RBI data, on a year-on-year basis, deposit growth continued to lag credit expansion during the fortnight ended…
MUMBAI: Kotak Mahindra Bank reported an 11% drop in consolidated net profit for Q2FY26 following higher provisions, even as credit and deposit growth continued. The bank’s CEO, Ashok Vaswani, was non-committal on media reports that Kotak Bank was showing interest in acquiring IDBI Bank and had conducted due diligence. “We cannot and should not be…
Public sector banks have demonstrated stronger performance and resilience recently, with credit growth surpassing that of private banks, Financial Services Secretary M Nagaraju said on Tuesday. He attributed the trend to improved due diligence, enhanced credit underwriting standards, and better monitoring of project loans.Speaking at the inauguration of Punjab & Sind Bank’s MSME Sports Cluster…
MUMBAI: After briefly catching up with credit growth, bank deposit growth has again begun to lag advances. Early business updates from banks for the September quarter show a mixed trend, with some lenders-such as HDFC Bank-deliberately slowing credit expansion to maintain balance sheet stability. According to RBI data, deposits of scheduled commercial banks grew 10.4%…
