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Costs and provisions down, IDFC Bank will continue to bolster earnings: V Vaidyanathan, MD & CEO

Our credit cost was 2.13% of loans including the microfinance portfolio, against a guidance of 2.10%. This year, encouraged by seeing our credit quality in the first quarter, we are targeting 50 bps lesser credit cost, say 1.5% to 1.6%, says V Vaidyanathan, MD & CEO, IDFC Bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TMUAJiP via IFTTT
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PNB profit to cross Rs 20,000 cr mark in FY27: MD Ashok Chandra

Punjab National Bank expects its FY27 net profit to exceed ₹20,000 crore after delivering more than ₹5,000 crore in quarterly profit for four consecutive quarters, Managing Director and CEO Ashok Chandra said. The lender also plans to enter acquisition financing from the third quarter following the RBI's revised guidelines. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/C1f2jKh via IFTTT
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AU Small Finance Bank Q1 net rises 37% to ₹796 crore

AU Small Finance Bank saw net profit rise thirty-seven percent to ₹796 crore. This growth was driven by better asset quality and healthy business expansion. Pre-provision operating profit increased nine percent year-on-year to ₹1435 crore. Net interest income surged thirty-two percent, boosting overall financial performance. The bank also announced Yogesh Jain's elevation to deputy chief executive officer. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wWFcH4Z via IFTTT
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SBI recruits 1,930 Circle Based Officers to strengthen banking operations

State Bank of India has recruited 1,930 Circle Based Officers nationwide. These new officers will strengthen customer service and banking operations across all branches. They will support customer engagement and deliver personalised banking services to over 53 crore customers. The bank continues to invest in talent development for an agile banking ecosystem. This recruitment reflects SBI's focus on evolving customer needs and digital initiatives. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/k5UCWw6 via IFTTT
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Index entry wait may temper bond rally

The rally in Indian government bonds is expected to lose momentum as hopes of inclusion in Bloomberg's Global Aggregate Index fade and the yield gap with developed markets narrows, with traders expecting yields to remain range-bound amid higher borrowing, interest rate uncertainty and crude oil price volatility. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5QE4hsW via IFTTT
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More banks may join overseas bond run

ICICI Bank's $1 billion dollar bond sale via GIFT City, which drew strong global investor demand and secured lower borrowing costs, is expected to spur more Indian lenders to tap overseas debt markets under the RBI's subsidised hedging facility. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lVaL7H8 via IFTTT
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Bank of India aims to raise $1.2 billion through FCNR-B deposits, plans additional $2 billion overseas borrowing

Bank of India seeks $1.2 billion from foreign currency deposits and $2 billion from overseas borrowings. The bank has already secured $200 million through the FCNR-B window. This initiative aims to reduce reliance on costly bulk deposits for the institution. First quarter net profit jumped 36% to Rs 3,068 crore, showing strong performance. Advances grew 18.6% while deposits increased 14.9% during the period. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mN7rUgj via IFTTT
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