India Banking News
Indian Overseas Bank Q2 Net Profit Surges 56% on Strong Interest Income; Eyes $500M ECB Funding by December
Indian Overseas Bank posts 56% Q2 profit surge on interest income growth; targets $500M ECB funding raise by December.
Oct 27, 2026
India BankingSBI Chief Calls for 50-bps Repo Rate Hike at Next MPC Meeting, Warns of Consumption Demand Drag
SBI Chairman signals 50 basis-point repo rate hike at next MPC meeting; warns of pressure on discretionary consumption.
Oct 27, 2026
IDBI-bankIDBI Bank and Canara Bank Shares Crash Up to 8% โ Stake Sale and ECL Provisions Weigh
IDBI Bank and Canara Bank shares fell by up to 8% on October 15, with IDBI declining after Cabinet approval of a Fairfax Financial stake sale and Canara Bank facing pressure from expected ECL provisioning requirements affecting near-term profitability forecasts.
Oct 16, 2026
๐ฎ๐ณ IndiaFairfax Wins IDBI Bank Bid; CSB Bank Merger Emerges as Likely Resolution
CCEA approves Fairfax's Canadian subsidiary as strategic buyer for IDBI Bank privatization
Oct 15, 2026
๐ฎ๐ณ IndiaIndian Banks Commit Rs 24,000 Crore for Aditya Birla's Shell Renewables Acquisition
Indian banks commit Rs 24,000 crore in financing for Aditya Birla Group's acquisition of Shell's India renewable energy assets
Sep 4, 2026
๐ฎ๐ณ IndiaIndia Banking Liquidity Hits Record Rs 9.7 Lakh Crore Surplus on FCNR Flood
India banking system liquidity surplus hits all-time high of Rs 9.7 lakh crore ($102.67 billion) as of September 3
Sep 4, 2026
๐ฎ๐ณ IndiaHDFC Bank FY26 Profit Rises 10.9% to Rs74,671 Crore; Q1 Loans Up 15% Ahead of Rs60,000 Crore Fundraise
HDFC Bank reported FY26 net profit growth of 10.9% to Rs74,671 crore with a Rs13 per share final dividend, while Q1 FY27 loan book expanded 15% year-on-year and the bank plans a Rs60,000 crore capital raise.
Jul 14, 2026
๐บ๐ธ United StatesIndian Banks Compete for Senior Deposits With Fixed Rates Up to 8.25% Annually
Indian banks are offering senior citizens fixed deposit rates up to 8.25% annually, positioning FDs as a key retirement income tool.
Jun 21, 2026