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 […]
ToneTag unveils AI banking assistant for millions of small merchants
ToneTag has launched eKosha, an AI-powered voice assistant for merchants. It turns payment devices (POS machines) into banking service points, so banks can offer services without installing new infrastructure. Merchants can talk to the device in their own language to access: Banking services Loans Government schemes Business insights Banks can also sell more financial products […]
HDFC Bank vs Yes Bank vs Kotak Bank vs IndusInd Bank – Which banking stock to buy after Q1 business update?
Last week, banks like HDFC Bank, Yes Bank, Kotak Mahindra Bank, and IndusInd Bank shared their business performance for the April–June 2026 quarter. HDFC Bank and Axis Bank shares rose by up to 2.5% on Monday because investors liked their business performance.Kotak Mahindra Bank shares fell by up to 3.5%, as investors were less positive […]
Where should you buy a home? Crisil maps India’s emerging housing hotspots
Demand for homes in Tier-2 cities has been growing quickly over the last five years. However, higher house prices and affordability issues mean buyers now need to be more careful about where and what they buy Housing demand in Tier-2 cities grew 14% annually over the last five years. Nagpur, Coimbatore, and Lucknow grew even […]
Indian banks curb short-term debt sales as RBI aids cheaper forex funding
Indian banks are borrowing less money through short-term loans called Certificates of Deposit (CDs) because they now have a cheaper and longer-lasting way to get funds. Recently, the Reserve Bank of India (RBI) encouraged banks to attract more foreign-currency deposits (money deposited in banks in currencies like US dollars). This has given banks an easier […]
Kotak Bank’s CEO will leave behind a solid lender, but stock performance yet to show
Kotak Mahindra Bank’s CEO, Ashok Vaswani, has decided not to continue in his role after this year, so the bank may need to find a new leader. He has worked in banking for 35 years, and during his time at the bank, many important changes happened. However, the bank’s profits have been falling in recent […]
Rupee opens 5 paise stronger at 94.35 against dollar after US, Iran agree to halt strikes
The rupee started the day slightly stronger (up by five paise) on June 29. It ignored the recent tension between the US and Iran because oil prices stayed steady. Meanwhile, traders did not take big actions and waited for upcoming talks between the two countries to keep the situation under control. moneycontrol https://www.moneycontrol.com/news/business/markets/rupee-opens-5-paise-stronger-at-94-35-against-dollar-after-us-iran-agree-to-halt-strikes-13960818.html