Tag
Banking
117 articles
Banking sector developments reveal a mixed picture, with growth alongside regulatory scrutiny and ongoing legal proceedings. Kotak Mahindra Bank reported a robust 15.1% year-over-year increase in advances during the first quarter, while ICICI Bank is navigating a potential conflict related to Prudential’s acquisition of a stake in Bharti Life Insurance. Simultaneously, the Reserve Bank of India penalized Bank of Baroda for regulatory non-compliance, and several appeals against Yes Bank and other institutions remain pending before the NCLAT, highlighting ongoing legal challenges. These developments suggest that while growth continues, banks must remain vigilant regarding regulatory adherence and potential legal risks, which could impact profitability and investor sentiment.
Goldman Sachs Highlights 3 Risks, 11% Earnings Growth
Goldman Sachs says analysts will monitor energy shock transmission, Chinese competition, and AI-driven cost cuts during Europe's earnings season.
Over 90% of STOXX 600 market cap is set to report by e
ICICI Bank Prudential Undertaking on Insurance Stake
ICICI Bank entered a Letter of Undertaking with Prudential regarding rights in their insurance joint venture ICICI Prudential Life.
The agreement addresses Prudential's planned acquisition of a 75% st
UCO Bank Appeals NCLT Section 95 Application Rejection
UCO Bank appeals NCLAT against NCLT order rejecting its Section 95 insolvency application against a personal guarantor.
NCLT rejected application citing RP's failure to consider limitation period from
NCLAT Adjourns Multiple Appeals Against Yes Bank
NCLAT Principal Bench lists six appeals filed against Yes Bank Ltd for hearing on July 6, 2026.
Appellants include Infosoft Global, RDG Enterprises, and suspended directors of Ideal Real Estate compan
NCLAT Lists Ravindra Mogra vs Canara Bank Appeal
NCLAT order schedules hearing for appeal in Comp. App. (AT) (Ins) No. 1100 of 2025 on July 7, 2026.
Ravindra Mogra is appellant against respondents Canara Bank & Anr. in an insolvency-related appeal.
Gokul Aggarwal vs SBI NCLAT Appeal Hearing Scheduled
NCLAT schedules hearing for Gokul Aggarwal's appeal against State Bank of India for July 20, 2026.
Tribunal directs both parties to file short submission notes and cited judgments within one week.
The
Kotak Mahindra Bank Q1 Advances Up 15.1% YoY
Kotak Mahindra Bank reports provisional Q1 FY2027 deposits and advances growth, with net advances reaching ₹5.12 lakh crore.
Total deposits grew 11.7% YoY to ₹5.73 lakh crore, while CASA deposits decl
PNB Discloses Compliance Officer and RTA Details
Punjab National Bank submits regulatory compliance details for its Compliance Officer and Registrar & Share Transfer Agents.
Compliance Officer is a qualified Company Secretary (FCS) appointed on 30 A
Suryoday SFB Final Dividend Rs 1.50 TDS Intimation
Suryoday SFB sets July 17, 2026 as record date for final dividend of Rs 1.50 per share, subject to shareholder approval at August 06 AGM.
Dividend payment will be subject to TDS deduction as per Incom
Odisha HC Orders HDFC Bank 4‑Week Action
The Odisha High Court dismissed Sukanti Khuntia’s writ petition, directing HDFC Bank’s branch manager to consider his grievance per Annexure‑1.
The court ordered the bank to decide within four weeks o
Canara Bank Withdraws Writ, Court Dismisses
The court listed the petition for withdrawal of the writ filed by Canara Bank & Anr. against the State of West Bengal.
Petitioner's counsel received instruction from Canara Bank to withdraw, prompting
Canara Bank Writ Petition Withdrawn
Court listed petition for withdrawal of writ application filed by Canara Bank against the State of West Bengal.
Counsel, instructed by Canara Bank, withdrew the writ, resulting in dismissal of WPA 8/2
NCLAT Lists Gokul Aggarwal vs SBI Appeal
NCLAT Principal Bench schedules hearing for Gokul Aggarwal's appeal against State Bank of India.
Parties directed to file two-page submission notes with supporting judgments within one week.
Next hear
RBI Weekly Stats: ₹5.1L Cr Reserve Drop
RBI weekly statistical supplement (July 3, 2026) reports total reserves fell by ₹51,500 crore week‑on‑week and ₹259,355 crore year‑to‑date.
Aggregate deposits of scheduled commercial banks declined ₹1
RBI Penalises Bank of Baroda ₹63.6 Lakh
RBI imposed a monetary penalty of ₹63.60 lakh on Bank of Baroda for violations of Fair Practices Code and KYC directives.
The penalty stems from collecting interest above contracted rates in loan acco
Industrial Co‑op Bank Guwahati Extension Oct 2026
RBI extended the operational directive for The Industrial Co-operative Bank Ltd., Guwahati by three months, now ending on October 4, 2026.
Previous extensions covered periods up to Jan 4 2026 and July
Bank of Baroda Receives RBI Penalty of ₹63.60 Lakhs
RBI imposes ₹63.60 lakh penalty on Bank of Baroda for regulatory non-compliance.
Penalty issued for charging excess interest and delayed KYC uploads to CKYCR.
The financial impact will directly affect
Central Bank Q1 Business Up 18.35% YoY
Central Bank of India revises Q1 FY2027 provisional total business to ₹833,790 crore, showing 18.35% YoY growth.
Gross advances increased 28.77% YoY to ₹354,895 crore while CASA ratio declined 27 bps
Bank of Baroda Secures Stay on Tax Order
Supreme Court heard Bank of Baroda's stay application against State Tax Officer on 3 July 2026.
Court ordered a stay on the impugned tax order, pending the appellant’s undertaking within a week.
A not
ICICI Bank Final Dividend ₹12 per Share
ICICI Bank Board recommended final dividend of ₹12 per equity share (600%) for FY25-26, subject to AGM approval on August 21, 2026.
Bank detailed TDS procedures for dividend payment, with rates varyin
Ujjivan SFB Board Meeting for Q1 FY27 Results
Ujjivan SFB board meeting scheduled for July 23, 2026 to approve unaudited Q1 FY27 financial results.
Trading window closed from July 1, 2026 until 48 hours after results announcement.
PAN freeze enab
IDFC FIRST Bank Q1 FY27 Provisional Business Update
IDFC FIRST Bank reports provisional Q1 FY27 business figures with loans at ₹3.05 lakh crore and deposits at ₹3.12 lakh crore.
Bank achieved 5.2% QoQ loan growth and 20.6% YoY expansion, while deposits
NCLT Adjourns SBI vs Chandra Prakash Mehra Hearing
NCLT Kolkata Bench adjourns Section 95(1) insolvency proceeding against personal guarantor Chandra Prakash Mehra.
Matter involves State Bank of India as financial creditor and relates to a corporate d
Bank of India vs Harish Bagla IBC Hearing Adjourned
NCLT Kolkata adjourns Bank of India's Section 95(1) insolvency petition against Harish Bagla to August 6, 2026.
Regular bench unavailable on June 29, 2026 hearing date, requiring rescheduling of the m
NCLT Kolkata Adjourns Binani Industries Insolvency Hearing
NCLT Kolkata Bench adjourns hearing for Punjab National Bank's insolvency petition against Binani Industries Limited.
The matter under Section 7 of IBC is scheduled for next hearing on 01 July 2026.
I
NCLT Kolkata Adjourns IDBI Bank vs Manoj Jain
NCLT Kolkata Bench adjourns IDBI Bank's insolvency petition against personal guarantor Manoj Kumar Jain.
Matter listed for next hearing before the Regular Bench on 17th August 2026.
Hearing conducted
NCLT Kolkata Adjourns Canara Bank Insolvency Hearing
NCLT Kolkata Bench adjourns hearing in Canara Bank's insolvency application against Vibhor Kumar Singh.
The matter was listed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016.
Hearing w
NCLT Kolkata Adjourns UCO Bank Insolvency Petition
NCLT Kolkata Bench adjourns UCO Bank's Section 95(1) insolvency petition against Ms. Sangeeta Banka to 17th August 2026.
No interlocutory applications were listed, and no parties appeared for the hear
NCLT Kolkata Adjourns Unilad International Insolvency Hearing
NCLT Kolkata Bench grants Unilad International three days to file reply affidavit in Section 7 insolvency petition.
Central Bank of India, the financial creditor, must file rejoinder within five days
NCLT Adjourns Canara Bank vs Triveni Infratech Hearing
NCLT Kolkata Bench adjourns Section 7 IBC petition hearing filed by Canara Bank against Triveni Infratech Private Limited.
Matter listed for next hearing before Regular Bench on 7th July 2026 due to u
Union Bank Q1 Advances Grow 12.5% YoY
Union Bank of India reports provisional Q1 FY2027 business updates with 12.50% YoY growth in Gross Advances.
Domestic CASA deposits increased by 11.72% YoY, improving the CASA ratio to 35.10%.
RAM Adv
NCLT Bengaluru Defers Canara Bank Insolvency Hearing
NCLT Bengaluru Bench awaits Resolution Professional's report in Canara Bank's insolvency petition against Harish S.
Parties given 3 weeks to file objections to the RP report once received, with a furt
NCLT Adjourns Gokul Hospital Insolvency Payment Matter
NCLT Bengaluru adjourns insolvency proceedings for Gokul Super Speciality Hospital to confirm Rs 5 crore payment.
Successful Resolution Applicant deposits Rs 5 lakh cost, seeks time to deposit remaini
NCLT Bengaluru Adjourns Canara Bank Insolvency Petition
NCLT Bengaluru Bench adjourns Canara Bank's insolvency petition against Mr. Devendra N due to non-receipt of the Resolution Professional's report.
The Resolution Professional is directed to circulate
NCLT Bengaluru Adjourns Canara Bank Insolvency Petition
NCLT Bengaluru Bench adjourns hearing in Canara Bank's insolvency petition against Mr. Sree Ram Reddy M.N.
The Resolution Professional's report is awaited; parties given 3 weeks to file objections pos
NCLT Bengaluru Defers Canara Bank Insolvency Hearing
NCLT Bengaluru Bench awaits Resolution Professional's report in Canara Bank's insolvency petition against Vijaykumar R.
Parties granted 3 weeks to file objections to the RP report once received, with
NCLT Bengaluru Adjourns Indian Bank Insolvency Petition
NCLT Bengaluru Bench adjourns Indian Bank's Section 7 insolvency petition against Mantri Homes Pvt Ltd.
Adjournment granted as a connected matter involving the same debt is pending before NCLAT Chenna
Tapan Jyoti Paul Compassionate Allowance Order Set Aside
Petitioner Tapan Jyoti Paul employee of Bangiya Gramin Vikash Bank (1982-2014) sought compassionate allowance under Notification Oct 31, 2018 after disciplinary dismissal.
The Bank’s Chief Manager (HR
Central Bank Q1 Provisional Business Up 18.36% YoY
Central Bank of India reports provisional global total business of ₹8,33,840 crore for Q1 FY27, showing 18.36% YoY growth.
Gross advances grew 28.77% YoY to ₹3,54,895 crore while total deposits increa
Indian Bank Revises TBLR Rates Up 10bps
Indian Bank's ALCO revised its Treasury Bills Linked Lending Rate (TBLR) effective 03.07.2026.
TBLR for >6 months to 1 year and >1 year to 3 years tenors increased by 10 basis points to 5.85%.
MCLR, B
NCLAT Adjourns Canara Bank Insolvency Appeal to July 30
NCLAT Principal Bench adjourns hearing for Comp. App. (AT) (Ins) No. 2174 of 2024 to July 30, 2026.
Appeal involves Canara Bank versus Jeetendra Rajpal Daryani, erstwhile RP of Texon Global Pvt. Ltd.
IndusInd Bank NCLAT Appeal Hearing Adjourned
NCLAT adjourns Vidur Bhardwaj's appeal against IndusInd Bank to July 7, 2026.
Tribunal orders appellant to serve appeal copy on respondent bank's counsel.
The matter is a procedural hearing for an ins
NCLAT Lists Tamilnad Mercantile Bank Appeals
NCLAT Chennai lists two appeals filed against Tamilnad Mercantile Bank Limited for admission hearing on August 11, 2026.
Appeals were filed by individuals M Shanmugam and S Chandra against the bank an
Court Overturns NCLT Orders on AI Citations
Supreme Court set aside NCLT and NCLAT judgments in appeal 11950/2025, citing reliance on non‑existent AI‑generated case law.
The appellant, suspended Essel Infraprojects director, contested a Section
RBI Extends Baghat Bank Directive 3 Months
RBI extended the Section 35A/56 directive for Baghat Urban Co‑op Bank by three months, from July 8 to October 8, 2026.
The extension follows a prior six‑month directive (Oct 8 2025‑Apr 8 2026) and an
RBI fines Railway Co‑op Bank ₹1.05 Lakh
The RBI levied a ₹1.05 lakh penalty on The N.E. & E.C. Railway Employees' Multi‑State Primary Co‑operative Bank Ltd for regulatory breaches.
The bank failed to transfer unclaimed deposits to the Educa
Sical Logistics Executes ₹115 Crore Axis Bank Loan
Sical Logistics executed term loan and working capital agreements totaling ₹115 crore with Axis Bank on July 2, 2026.
Term loan of ₹85 crore at 9.25% interest for 9 years will refinance existing Adity
UCO Bank Q1 Advances Up 21.3% YoY
UCO Bank discloses provisional Q1 FY27 business figures under SEBI LODR regulations.
Total advances grew 21.33% YoY to ₹2.73 lakh crore while deposits rose 11.04%.
Domestic advances showed strongest g
J&K Bank Signs SBI Life, HDFC Life Agency Pacts
Jammu and Kashmir Bank signed Corporate Agency Agreements with SBI Life and HDFC Life on July 02, 2026.
The agreements enable the bank to service and solicit insurance products through its branch netw
Punjab & Sind Bank 16th AGM on July 28, 2026
Punjab & Sind Bank to hold 16th Annual General Meeting on July 28, 2026, at 11:00 AM via video conferencing.
Annual Report and AGM notice will be emailed to shareholders whose email IDs are registered
SC Adjourns Tax Appeal vs Punjab Sind Bank
Supreme Court heard Civil Appeal No. 6776/2018 between Commissioner of Income Tax and Punjab & Sind Bank on 2 July 2026.
The bench, Justices Kotiswar Singh and N.V. Anjaria, granted a four‑week adjour
PNB Q1 Provisional Global Business Crosses ₹30 Lakh Crore
Punjab National Bank files provisional Q1 FY2027 business figures showing global business at ₹29.99 lakh crore.
Global deposits grew 10.32% YoY to ₹17.24 lakh crore while global advances rose 12.85% Y
Rajasthan State Co‑op Bank Adjourned 4 Weeks
Supreme Court heard Civil Appeal No. 9024/2018 between Rajasthan State Co‑operative Bank Ltd and Assistant Commissioner of Income Tax on 2 July 2026.
Bench comprised Justices R. Mahadevan and Alok Ara
CSB Bank Q1 Deposits Up 26% YoY, Advances Grow 24%
CSB Bank reports provisional Q1 FY27 business updates with total deposits reaching ₹45,415 crore, a 26% YoY increase.
Gross advances grew 24% YoY to ₹40,866 crore, driven by a 47% surge in gold-backed
Union Bank Elevates GM to Chief GM
Union Bank of India elevates Shri Bhaskara Rao Chaganti Venkata Naga from General Manager to Chief General Manager effective July 1, 2026.
The appointment is disclosed under SEBI Listing Regulations 3
Supreme Court Dismisses Appeal Against J&K Bank
Supreme Court dismissed Civil Appeal No.11950/2025 filed by Pooja Ramesh Singh against Jammu and Kashmir Bank Ltd and others.
The bench comprised Justice P.S. Narasimha and Justice Alok Aradhe and del
Bank of Baroda Global Business Up 15.46% YoY
Bank of Baroda disclosed unaudited global business growth of 15.46% YoY to ₹30.51 trillion as of June 30, 2026.
Global advances grew 17.42% YoY to ₹14.17 trillion while deposits increased 13.81% YoY t
Bank of Baroda Settles NMC Litigation for $600M
Bank of Baroda discloses an out-of-court settlement payment of USD 600 million (approx. ₹5,700 crores) to resolve litigation with NMC Health entities.
The settlement resolves insolvency and civil proc
Arcotech Limited Receives Lenders' OTS Approval
Arcotech Limited discloses approval of its One Time Settlement proposal with consortium lenders under SEBI LODR Regulation 30.
Company faced financial stress leading to NPA status and defaults in paym
Bank of India Q1 FY27 Provisional Financial Results
Bank of India submitted provisional Q1 FY27 financial results to NSE and BSE under SEBI LODR regulations.
The submitted results are subject to review by the bank's Statutory Central Auditors.
The disc
Kotak Mahindra Bank Acquires ₹9,587.62 Crore KMIL Portfolio
Kotak Mahindra Bank completed direct assignment of ₹9,587.62 crore loan portfolio from subsidiary KMIL effective July 1, 2026.
Transaction follows March 2026 decision to integrate KMIL's business acti
ESAF SFB Q1 FY27 Advances Grow 27.4% YoY
ESAF SFB reports provisional Q1 FY27 gross advances of ₹23,216 crore, up 27.39% YoY and 3.52% QoQ.
Total deposits grew 18.62% YoY to ₹26,925 crore while CASA ratio declined to 23.39% from 24.79%.
Bank
Indian Overseas Bank Announces Six Senior Management Changes
Indian Overseas Bank intimates BSE and NSE of six senior management personnel changes effective July 1, 2026.
Mr. S. Alagarsamy is elevated to Chief General Manager and appointed Chief Compliance Offi
NCLT Admits Kotak Mahindra Bank Insolvency Petition
NCLT Jaipur Bench admits Kotak Mahindra Bank's Section 7 insolvency application against Morani Motors Pvt. Ltd.
Corporate Debtor Morani Motors Pvt. Ltd. failed to repay a financial debt owed to the Fi
NCLT Disposes EPFO Claim Against Vadera Tradelink
NCLT Jaipur Bench disposes EPFO's application against liquidator as premature, pending claim verification.
Tribunal directs service of notice and reply filing in continuance application, lists matter
Indian Bank Writ Petition Dismissed as Withdrawn
High Court at Calcutta dismissed Indian Bank's writ petition (W.P.A. 27270 of 2025) on 30 June 2026.
Petitioners sought to withdraw the petition after receiving CBI communication dated 15 June 2026, i
NCLT Guwahati Adjourns Indian Bank Insolvency Matter
NCLT Guwahati Bench lists matter for further consideration on 15 July 2026.
Indian Bank confirmed payment of Rs 1.75 lakh to Resolution Professional Sudha Sarma.
Hearing involved insolvency applicatio
NCLT Guwahati Lists Berial Engineers Insolvency Case
NCLT Guwahati Bench hears insolvency petition filed by UCO Bank against M/s Berial Engineers Pvt. Ltd. under Section 95 of IBC, 2016.
Respondent's counsel commits to curing any defects in the filing w
NCLT Guwahati Lists UCO Bank vs Berial Engineers Case
NCLT Guwahati Bench schedules hearing for UCO Bank's insolvency application against M/s Berial Engineers Pvt. Ltd.
Respondent's counsel commits to curing any defects in the filing within one week from
NCLT Orders Notice for Sundaram Mahadeo Liquidation Closure
NCLT Guwahati Bench hears an application filed by the Liquidator seeking closure of the completed liquidation process for M/s Sundaram Mahadeo Autoworld Pvt. Ltd.
The Tribunal directs the Registry and
Madras High Court Dismisses Rajasekaran Writ Petition
Petition sought quash of an auction notice published in Dinamalar (Puducherry) on 08‑08‑2014 concerning a cooperative bank asset.
The petitioner, V. Rajasekaran, made no appearance; counsel informed t
SBI Writ Petition Withdrawn by Samantaray
Petitioner Gyanendra Samantaray filed writ petition WP(C) No.10165 against State Bank of India and another party.
On 30 June 2026, counsel sought permission to withdraw the petition; court recorded th
State Bank of India NCLT Claims Report Application Disposed
NCLT Chennai disposes of State Bank of India's application regarding creditor claims compliance report.
Tribunal takes on record the report proving compliance with its 28 April 2026 order directions.
Karur Vysya Bank Insolvency CoC Report Filed
NCLT Chennai disposes application filed to record bankruptcy trustee's report on Committee of Creditors constitution.
The application was filed in the insolvency proceeding of Karur Vysya Bank Ltd ver
NCLT Chennai Adjourns Canara Bank Insolvency Hearing
NCLT Chennai adjourned hearing in V A Jayachandran vs Canara Bank insolvency petition to 9 July 2026.
Canara Bank counsel submitted that e-auction notice has been issued for 14 July 2026.
Registry dir
NCLT Adjourns Canara Bank Sale Completion Hearing
NCLT Chennai adjourns hearing to 23 July 2026 regarding Canara Bank's completed asset sale.
Canara Bank counsel confirms sale completion, issuance of sale certificate to successful purchaser.
Tribunal
Indian Bank Files IBC Section 66 Application
NCLT Chennai hears Indian Bank's application under IBC Section 66 against United Steel Building Systems.
Application is based on a forensic audit report received during liquidation proceedings.
Tribun
Central Bank vs Vedansh Real Estate NCLT Adjournment
NCLT adjourned Section 7 IBC petition filed by Central Bank of India against Vedansh Real Estate due to non-appearance.
The matter was listed for next hearing on 28 July 2026 in the interest of justic
Karur Vysya Bank Appoints CIG Head Ravinder Aggarwal
Karur Vysya Bank appoints Ravinder Aggarwal as General Manager & Head of Corporate & Institutional Group effective July 1, 2026.
Aggarwal brings 27+ years banking experience from Bank of Baroda, last
NCLAT Lists IDBI Bank vs Sadbhav Engineering Appeal
NCLAT lists IDBI Bank's appeal against Sadbhav Engineering for fresh hearing on July 22, 2026.
The order is a procedural scheduling directive from the appellate tribunal's principal bench.
Legal repre
NCLAT Adjourns Pushpa Chugh vs Punjab National Bank Appeal
NCLAT adjourned an insolvency appeal filed by Pushpa Premprakash Chugh against Punjab National Bank.
The appellant was granted one week to file a compilation of judgments for the case.
The appeal has
NCLAT Continues Interim Order in SBI-IDBI Bank Appeal
NCLAT Chennai lists an appeal filed by State Bank of India for hearing on 01.07.2026.
The tribunal orders that an interim order dated 11.12.2025 will remain in effect until the next hearing.
The appea
Indian Bank International Banking Head Retires
Indian Bank General Manager Sudhanshu Gaur retired on 30 June 2026.
The retirement was due to superannuation and effective from 1 July 2026.
This change was disclosed per SEBI Listing Obligations and
Punjab & Sind Bank Appoints Bontha Koteswara Rao GM
Punjab & Sind Bank appointed Bontha Koteswara Rao as General Manager effective July 1, 2026.
Rao replaces Mrs. Rashmita Kwatra and brings over 36 years of banking experience to the role.
The appointme
Punjab & Sind Bank Q1 Business Up 15.3% YoY
Punjab & Sind Bank files SEBI-mandated provisional business update for quarter ending June 30, 2026.
Bank reports 15.33% YoY growth in total business to ₹2,66,574 crore as of June 30, 2026.
Gross adva
Canara Bank Q1 Provisional Business Growth Figures
Canara Bank reports provisional Q1 FY2027 business figures showing global deposits at ₹29.05 lakh crore and advances at ₹12.93 lakh crore.
Domestic RAM segment shows strongest growth at 21.27% YoY, re
Canara Bank Promotes Sujit Kumar Sahoo to CGM
Canara Bank promotes Sujit Kumar Sahoo to Chief General Manager of Compliance & RBS Wing effective July 1, 2026.
The disclosure is made pursuant to SEBI Listing Regulations (Regulation 30) to inform s
India Home Loan Restructures ₹17.55 Crore IDFC Bank Debt
India Home Loan Ltd executed a restructuring agreement with IDFC FIRST Bank on June 30, 2026 for its existing credit facilities.
The agreement restructures ₹17.55 crore outstanding dues into 84 monthl
Zaggle Empanelled by Canara Bank for Two Years
Zaggle Prepaid Ocean Services Limited empanelled by Canara Bank as a Fintech partner via Expression of Interest.
Empanelment effective from June 30, 2026, valid for two years subject to annual perform
Jana SFB Board Meeting for Q1 FY27 Results
• Jana SFB schedules board meeting on July 15, 2026 to approve unaudited Q1 FY27 financial results.
• Trading window closed from July 1 to July 17, 2026 for directors and designated employees.
• Discl
Central Bank of India Promotes Two Senior Executives
Central Bank of India intimates SEBI about management changes effective July 1, 2026, under Regulation 30 and 51 of LODR.
Mohit Kodnani promoted to Chief General Manager - DIT with 26 years of banking
IDBI Bank Updates Insider Trading Policy Disclosure
IDBI Bank intimates BSE and NSE of updated Code of Practices for Fair Disclosure of UPSI.
Disclosure made under SEBI PIT Regulations Regulation 8(2) compliance requirements.
Amended policy document is
RBI 2026 Bank Credit Rises 17.4% YoY
RBI report shows non‑food bank credit grew 17.4% YoY in May 2026, up from 8.8% a year earlier.
Agriculture credit rose 14.9% YoY, industry credit 17.5% YoY, and services credit 20.4% YoY, all outpacin
RBI Financial Stability Report June 2026
Global financial system remains resilient despite West Asia conflict, yet risks stay elevated from supply‑chain uncertainties, debt, bond fragilities, and leveraged NBFIs.
India's strong macro fundame
RBI Money Market Volume 6.82 Lakh Cr
RBI released money market operations data for 22 June 2026, detailing volumes, rates, and liquidity adjustments across segments.
Overnight segment total volume reached ₹6,82,283.09 crore with a weight
Canara Bank 24th AGM Approves Dividend, Director Appointments
Canara Bank held its 24th AGM via VC/OAVM on 23.06.2026 with 84 shareholders present.
Shareholders approved four ordinary resolutions including a Rs 4.2 per share dividend for FY 2025-26.
Appointments
Canara Bank 24th AGM Approves Dividend, Director Appointments
Canara Bank held its 24th Annual General Meeting via video conference on June 23, 2026, to approve financial statements and resolutions.
Shareholders approved a dividend of ₹4.20 per share (210% of fa
RBI Money Market Liquidity Absorption ₹1.35L Cr
RBI reported total overnight segment volume of 16,357.79 crore rupees with weighted average rate 5.13% and range 4.00‑5.40%.
Term segment volumes included 4,80,107.25 crore in Triparty Repo and 1,51,3
Punjab National Bank AGM Approves All Resolutions
Punjab National Bank's 25th AGM held on June 20, 2026, approved all seven resolutions via e-voting and remote voting.
Shareholders approved a final dividend of ₹3 per equity share (face value ₹2) for
Bank of Baroda Q4 FY26 Investor Presentation Highlights
Bank of Baroda disclosed Q4 FY26 net profit of $592 Mn, an 11.2% YoY increase, alongside improved asset quality with GNPA at 1.89%.
Total global advances grew 16.2% YoY to $150,775 Mn, driven by retai
Emirates NBD RBL Bank Open Offer Zero Acceptance
Emirates NBD's open offer for 26% of RBL Bank at ₹282.38/share closed with zero shares tendered by public shareholders.
Acquirer instead acquired 60% stake (929.13M shares) via preferential allotment
RBI June 2026 Money Market Liquidity -₹1.51 Lakh
RBI reported total overnight market volume of ₹7,15,096.23 crore with weighted average rate of 5.26% on June 15, 2026.
Repo operation injected ₹28,220 crore at 5.26% rate, while MSF absorbed ₹5,597 cr
RBI VRR Auction 15 Jun 2026: 5.26%
RBI conducted an overnight Variable Rate Repo auction on 15 June 2026 with a notified amount of ₹75,000 crore.
Total bids received amounted to ₹28,220 crore, which were fully allotted, matching the bi
Bank of India 30th AGM Approves All Resolutions
Bank of India held its 30th Annual General Meeting (AGM) on 15th June 2026 via video conference.
Shareholders approved three resolutions: adoption of FY26 accounts, a Rs.4.65 per share dividend, and a
RBI Weekly Stats Show 1.1% M3 Growth
Total reserves fell by ₹13,114 crore week‑on‑week, with foreign currency assets decreasing ₹30,803 crore.
Aggregate deposits of scheduled commercial banks rose 1.2% fortnightly, reaching ₹26,002,106 c
RBI Scheduled Banks Position May 2026
RBI released the Scheduled Banks' Statement of Position for 31 May 2026, detailing balance‑sheet items of all scheduled banks in India.
Total bank credit (excluding inter‑bank advances) rose to ₹21,51
Canara Bank Revises MCLR Rates Effective 12.06.2026
Canara Bank informs exchanges of a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) effective from June 12, 2026.
The overnight MCLR increases to 7.90% from 7.95%, while the one-month
UCO Bank Revises TBLR and G-Sec Benchmark Rates
UCO Bank's ALCO reviewed and revised select benchmark rates effective June 10, 2026.
TBLR rates increased across 3-month (5.30% to 5.40%), 6-month (5.50% to 5.60%), and 12-month (5.60% to 5.75%) tenor
Bank of Maharashtra FY26 Net Profit Rises 27% to ₹7,019 Cr
Bank of Maharashtra reported 27.17% net profit growth to ₹7,019 crore for FY26 with total business reaching ₹6,42,531 crore, representing 17.47% year-on-year growth.
The bank maintained strong asset q
RBI Announces ₹75,000 Cr VRR Auction
RBI will conduct a 4‑day Variable Rate Repo auction on June 8 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹75,000 crore with a 4‑day tenor.
Bidding window
RBL Bank Open Offer Receives Zero Share Tenders
Disclosure confirms zero equity shares tendered in Emirates NBD's open offer for 26% of RBL Bank.
The offer size is 415,586,443 shares with nil acceptance in the escrow demat account as of June 3, 202
Bank of Baroda Annual Report 2025-26 Corrigendum
Bank of Baroda issued a corrigendum to its FY25-26 annual report submitted on May 29, 2026.
Corrected dividend payout ratio to 21.96% from 22.05% on page 188 of the report.
Revised provision for restr
Emirates NBD RBL Bank Open Offer Corrigendum
Emirates NBD Bank announces an open offer for 26% of RBL Bank's equity shares at ₹282.38 per share, totaling ₹117.35 billion.
The offer includes an applicable interest of ₹2.38 per share due to a regu
Emirates NBD Launches ₹117.35B RBL Bank Open Offer
Emirates NBD Bank makes mandatory open offer to acquire 26% of RBL Bank's expanded voting capital at ₹282.38 per share, totaling ₹117.35 billion.
Offer triggered by investment agreement for preferenti
Kotak Mahindra Bank Gets RBI Nod for 9.99% J&K Bank Stake
RBI approves Kotak Mahindra Bank acquiring up to 9.99% stake in Jammu and Kashmir Bank.
Approval is valid for one year and subject to Banking Regulation Act and FEMA compliance.
Kotak must seek RBI ap
Indian Bank Revises TBLR Rates Effective May 3
Indian Bank's ALCO revised Treasury Bills Linked Lending Rates (TBLR) effective May 3, 2026.
TBLR for <=3 months reduced to 5.25% and >3-6 months to 5.45%, while longer tenors unchanged.
MCLR, Base Ra
Infosys Ranked Top IT Services Provider in European Banking
Infosys ranked number one IT services provider for Banking in Europe and Financial Services in Nordics by Whitelane Research.
Company recognized as top three Exceptional Performer in Financial Service