Bajaj Finance, Shriram Finance seen leading NBFC growth in Q1FY27
Bajaj Finance and Shriram Finance are expected to show the fastest growth among NBFCs in Q1 FY27.This is because they have strong loan demand, especially in retail (personal, consumer, vehicle loans).Their collections are stable and bad loans are under control, which supports profits. Yeh dono companies achha perform kar sakti hain kyunki log zyada loan […]
Banks set for strong earnings recover in FY27 on retail loan momentum, stable ma
Banks are expected to see strong profit growth in FY27. This growth will mainly come from higher demand for retail loans (like home, personal loans). Also, margins (earnings from lending) are likely to stay stable. Banks will earn more in FY27 because people are taking more loans, and their income from lending remains steady. economictimes […]
South Indian Bank says RBI approves Mahesh Muralidhar Pai’s appointment as MD, CEO
RBI has approved Mahesh Pai as the new MD & CEO for 3 years, starting from October 1, 2026. The bank’s board will discuss this on July 16, and then shareholders will give final approval. After this news, South Indian Bank’s share price fell sharply A new CEO has been approved, but investors reacted negatively, […]
Indian bond yields hit three-week high as oil surge revives inflation fears
When oil becomes expensive, inflation fears rise, so bond yields also go up. The 10-year government bond yield increased from 6.6958% to 6.7204%, which is the highest level since June 19. Remember: bond prices and yields move opposite (yield up = price down). Oil prices (Brent) rose to around $76 per barrel after the US […]
SBI seeks priority sector status for all infra loans to boost investment
SBI (State Bank of India) has suggested a change to increase investment in infrastructure (like roads, railways, power, etc.). It said infrastructure loans should be counted as priority sector loans, so banks can lend more easily Or, these loans should be excluded from ANBC calculation, so banks don’t feel pressure from current rules Right now, […]
Credit card penetration lags in India despite better asset quality
Credit card use in India is still quite low, even compared to other developing countries, according to TransUnion CIBIL. Only 52 million people in India have credit cards That is just 25% of the 250 million people who use any kind of credit Earlier, many new credit card users were first-time borrowers, but now that […]
Axis Bank leads large private banks in loan, deposit growth in Q1FY27
Banks saw good growth in loans during April–June (Q1 FY27) because businesses needed more working capital loans due to rising costs. Among private banks, Axis Bank performed the best, with both loans and deposits growing by more than 18% compared to last year. Total loans (advances) reached ₹12.73 trillion (up 18.8%) Deposits increased to ₹13.73 […]
Bank of Maharashtra reports 27% loan growth, 13% deposit growth
Bank of Maharashtra showed strong growth this year: Total loans (advances) increased by 27%, reaching about ₹3.06 trillion Loans in retail, agriculture, and MSME (RAM) grew 25% to ₹1.87 trillion Corporate loans in India rose 21% to ₹1.11 trillion Total deposits increased by 13% to ₹3.44 trillion However, low-cost deposits (CASA) slightly dropped from 50% […]
NBFCs drive securitisation issuances to record first-quarter high
NBFCs (non-banking financial companies) helped India’s securitisation market achieve its best-ever first quarter. The total amount increased by 22% compared to last year, reaching around ₹60,000 crore, according to Crisil Ratings. Around 98% of this came from NBFCs, which is different from earlier times when banks also contributed a lot. There was also a change […]
SBI to hire 1,500 probationary officers this year to drive business growth
State Bank of India (SBI) is planning to hire 1,500 probationary officers (POs) this year to grow its business. Out of these, 1,446 are regular posts and 54 are backlog vacancies. Last date to apply: July 8 The whole selection process will likely finish by December Who can apply? You must be a graduate in […]