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A group of smaller private and PSU banks with sizeable gold loans are turning the gold boom into a balance sheet bonanza, while rising prices and a surge in secured credit demand are boosting growth, margins and asset quality.In the December quarter, CSB Bank led the pack with gold loans constituting a whopping 51% of […]
Indian government bonds rose on Monday, following a rise in US government bonds and comfortable domestic liquidity, although lingering supply concerns limited the advance. The benchmark yield on 6.48% bonds for 2035 stood at 6.6642%, up from 6.6799% on Friday. Yields on longer-term securities fell the most, with the 15-year yield at 7.068%, down about […]
Fairfax-backed CSB Bank reported third-quarter net profit at Rs 153 crore, flat from Rs 152 crore in the same period last year, due to sharply higher provisions, after a nearly three-fold decline from Rs 197 crore.Net profit was lower than the previous quarter’s Rs 160 crore. The bank’s share price fell 25% to an intraday […]
Among private banks, South Indian Bank’s total advances and deposits rose by 11 per cent and 12 per cent, respectively, to ₹ 96,765 crore and ₹ 1.18 lakh crore at the end of December. | Photo credit: REUTERS/AJAY VERMA Bank lending continued to grow faster than deposits in the third quarter of FY26, according to […]
Indian government bonds fell on the first trading day of 2026, bogged down by supply concerns ahead of Friday’s debt sale and expectations of a big government borrowing calendar for the January-March quarter. The benchmark 10-year yield stood at 6.6146% at 10:20 am IST. On Wednesday it ended at 6.5881%. Bond yields rise when prices […]
Indian government bonds enter 2026 with a question mark over how much appetite there is for a rise in debt supply, even after a year in which the central bank hit the balance sheet with record asset purchases and 125 basis point rate cuts. The Reserve Bank of India’s (RBI) moves have helped cap yields, […]
Pralay Mondal, MD and CEO, CSB Bank “In my opinion, it is no longer a taboo to promise gold, these concepts are changing,” CSB Bank MD & CEO Pralay Mondal said. business line in an interaction. The Thrissur-headquartered bank’s gross advances stood at ₹34,712 crore at the end of September, of which gold loans constituted […]
Currently, banks can only support overseas acquisitions of Indian companies Photocredit: Banks could see a healthy demand for business credit, because the RBI intends to enable them to finance domestic acquisitions and to withdraw a framework introduced in 2016 that they do not provide lending to specified large borrowers. Domestic acquisitions by India Inc can […]
