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Bank of Baroda, India’s second-biggest state lender, aims to double size in 5 years

Bank of Baroda plans to double its balance sheet over the next five years, betting on strong economic growth in India, rising credit demand and expansion of fee-based income streams. CEO Debadatta Chand said scale and capital strength are essential for Indian banks to compete globally, especially as discussions continue around creating larger state-run lenders. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SyxB6zk via IFTTT
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India’s top banks failing to tackle climate risk as threats grow

India's major banks are disclosing more climate data but not using it for lending decisions. Physical climate risks like floods and heat are worsening, impacting bank portfolios. Few banks conduct climate stress tests or phase out coal lending. The Reserve Bank of India is providing data but not mandating disclosures. Delayed action risks financial instability and stranded assets for banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/vDgYMfi via IFTTT
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Shivalik Small Bank closes in on ManiBhavnam Home Finance

Shivalik has received Reserve Bank of India's (RBI) approval for this acquisition while it has sought clearance from the Registrar of Companies. The deal comprises share swaps and a cash payment, people familiar with the matter said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7qFVfNp via IFTTT
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RBI eases rules for outward remittances; drops prior approval for non-bank entities

The Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer required for these tie-ups. Authorised Dealer banks will now be solely responsible for compliance and customer verification. Customers will receive clear information on forex rates, costs, and credit times for their transactions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rdYX96R via IFTTT
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Uncertainty scars J&K’s economy and impacts banking, but resilience here is remarkable: Amitava Chatterjee, J&K Bank

Jammu and Kashmir Bank has recorded its highest profit to date, soaring to Rs 2363.47 crore in FY-26. This achievement marks a significant recovery from past hardships, says bank chief Amitava Chatterjee. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T9O8HSV via IFTTT
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Canara Bank chief says core income to support stability after profit decline on treasury losses

Canara Bank saw a 10% dip in net profit last quarter, mainly due to treasury losses. The bank is now prioritizing core income to maintain its net interest margins. Advances are expected to grow between 11-12% this year, while deposit growth is projected at 9-10%. Asset quality remains strong with a low slippage ratio. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fjXJWZH via IFTTT
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State banks record all-time high net profit of Rs 1.98 lakh crore in FY26: FinMin

Public Sector Banks have achieved a record net profit of Rs 1.98 lakh crore in FY 2025-26, marking their fourth consecutive year of strong financial performance. Improved asset quality, robust credit growth, and increased income fueled this historic achievement. Banks are now well-capitalized and poised to support India's economic expansion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Drz1G8P via IFTTT
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