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2 weeks ago | 
htsyndication.com | Anshika Kayastha |Gopika Gopakumar
Mumbai, April 21 -- India's top private banks have warned of margin pressures in the short term as they look to factor in repo rate cuts by the central bank into their deposit and loan products, and as competition on pricing of loans intensifies in the banking industry.
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2 weeks ago | 
livemint.com | Anshika Kayastha |Gopika Gopakumar
HDFC Bank, ICICI Bank and Yes Bank, which released their Q4 earnings on Saturday, said in their post-earnings calls that the reduction on fixed deposit interest rates—the fastest growing segment for deposit accretion—is expected to play out over the next few quarters, thus keeping margins—primarily NIM or net interest margin—under pressure.
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3 weeks ago | 
livemint.com | Gopika Gopakumar |Anshika Kayastha
With both conditions now met, banks have taken the cue from the Reserve Bank of India's (RBI) repo rate cut of 25 basis points (bps) last week. While the liquidity surplus stood at ₹2.08 trillion on 10 April, non-food credit growth slowed to 10.9% year-on-year (y-o-y) as of March end, almost half of what it was a year earlier. State Bank of India, Bank of India and Kotak Mahindra Bank have slashed interest rates on fixed deposits following the repo rate cut.
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3 weeks ago | 
htsyndication.com | Gopika Gopakumar |Anshika Kayastha
Mumbai, April 15 -- Banks have started lowering deposit rates after sitting on the fence for months, waiting for the liquidity to be in surplus and credit growth to ebb. With both conditions now met, banks have taken the cue from the Reserve Bank of India's (RBI) repo rate cut of 25 basis points (bps) last week. While the liquidity surplus stood at Rs.2.08 trillion on 10 April, non-food credit growth slowed to 10.9% year-on-year (y-o-y) as of March end, almost half of what it was a year earlier.
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1 month ago | 
livemint.com | Anshika Kayastha |Gopika Gopakumar
The government is looking to sell stakes in Indian Overseas Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and UCO Bank to comply with the Securities and Exchange Board of India’s rule mandating a minimum 25% public shareholding for all listed companies.
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1 month ago | 
htsyndication.com | Anshika Kayastha |Gopika Gopakumar
Mumbai, March 29 -- State-owned banks that are raising funds via qualified institutional placements (QIPs) to help the government meet a regulatory deadline are unlikely to score any significant gains for themselves or investors.
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1 month ago | 
htsyndication.com | Shayan Ghosh |Anshika Kayastha |Satish John
New Delhi, March 17 -- Mumbai: South Africa's Sanlam is not keen on full ownership of its Indian insurance venture as it values the local expertise of its long-time partner Shriram, a top executive said. Meanwhile, it is investing to grow its wealth and asset management ventures with the Chennai-headquartered group. The Union budget for FY26 proposed to allow foreign entities to hold 100% stake in local insurance companies, a move aimed to attract foreign capital.
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1 month ago | 
livemint.com | Shayan Ghosh |Anshika Kayastha |Satish John
The Union budget for FY26 proposed to allow foreign entities to hold 100% stake in local insurance companies, a move aimed to attract foreign capital. Sanlam's partnership with the Shriram group has lasted over 20 years, across businesses such as insurance, asset management and now, wealth management. “We have to be very careful. We want our partners to have enough skin in the game. There's got to be enough in it for everybody," Group CEO Paul Hanratty said in an interview.
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1 month ago | 
htsyndication.com | Satish John |Anshika Kayastha |Shayan Ghosh
Posted On: 2025-03-12 Posted By: Satish John, Anshika Kayastha, Shayan Ghosh Business & Finance Health & Lifestyle Education MINT Mumbai, March 12 -- Ashok Hinduja, chairman of IndusInd International Holdings Ltd (IIHL), the promoter of IndusInd Bank, expressed complete confidence in the ability of the bank's managing director (MD) and chief executive officer Sumant Kathpalia to steer the bank through its challenges. Hinduja's backing came on a day when IndusInd Bank's stock dropped 27.17% to...
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1 month ago | 
livemint.com | Satish John |Anshika Kayastha |Shayan Ghosh
Will the recent discrepancies flagged in the derivatives portfolio impact MD Sumant Kathpalia’s tenure? RBI (Reserve Bank of India) has reappointed him for one year. He already clarified that he came to know there was an issue in October, and they have also appointed a third-party agency. So why will it be a problem for him? It’s a five-seven-year-old issue from when he was not heading the bank.
