IndusInd Bank has launched a dedicated banking vertical for Global Capability Centres (GCCs) in India, bringing together corporate and employee banking capabilities under an integrated relationship model designed to address the sector’s evolving financial requirements. The new vertical reflects the growing scale and strategic importance of India’s GCC ecosystem, which has expanded significantly in recent…
Rossell Techsys has approved a proposal to raise ₹299.99 crore through the private placement of 25.72 lakh fully paid-up equity shares to SBI Mutual Fund and SBI Optimal Equity Fund. The shares will be issued at ₹1,166 per equity share, comprising a face value and a premium of ₹1,164 per share. As part of the…
ICICI Bank, India’s second-largest private sector lender, has raised $750 million through a five-year US dollar bond, taking its total dollar debt fundraising to $2.05 billion in about a month. The latest issue, raised through the bank’s International Financial Services Centre Banking Unit, was priced at a spread of 105 basis points over the five-year…
State Bank of India (SBI), the country’s largest public sector bank, reported a strong financial performance for the first quarter of FY27, with net profit rising 10.23 per cent year-on-year to ₹21,121 crore. The bank had posted a net profit of ₹19,160 crore in the same quarter last year. On a sequential basis, SBI’s profit…
Yes Bank reported a stellar 34 percent surge in its first-quarter net profit on Saturday, comfortably driven by robust credit demand and strong loan growth. The private sector lender posted a net profit of ₹1,070 crore ($111.13 million) for the three months ended June 30, marking a substantial increase from the ₹800 crore recorded in…
The World Bank’s Board of Executive Directors has approved $450 million in financing to support Bangladesh in strengthening its banking sector, a key step aimed at reviving economic growth and promoting job creation in the country. The funding, provided under the Financial Sector Support Project II, is designed to reinforce the deposit protection system, ensuring…
State Bank of India (SBI) has moved quickly to take advantage of the Reserve Bank of India’s (RBI) newly introduced concessional framework for foreign currency non-resident (bank) deposits, offering a high-leverage structure of up to nine times on FCNR(B) investments. The bank is the first major lender to operationalise the scheme following the RBI’s announcement…
On August 23, 2025, IDBI Bank announced that SEBI has approved the reclassification of the Life Insurance Corporation of India (LIC) as a ‘public shareholder’ in the bank. The update was shared via a regulatory filing to the BSE, following communication from the Department of Investment and Public Asset Management (DIPAM). This reclassification is contingent…
The State Bank of India (SBI) is expected to announce the SBI PO Prelims Result 2025 by late August or early September on its official website, sbi.co.in. The preliminary exam was held on August 2, 4, and 5, 2025, across various centers in the country. This recruitment drive aims to fill 541 Probationary Officer (PO)…
Effective August 1, 2025, ICICI Bank has sharply raised the minimum average balance (MAB) requirement for its savings accounts across all branch categories. For metro and urban branches, the new MAB is ₹50,000, up from ₹10,000. In semi-urban areas, the requirement has increased to ₹25,000 from ₹5,000, while rural branches now require ₹10,000, compared to…
