Latest Updates Around The World
Foreign institutional investors (FIIs) are piling into India’s public sector banks after a blistering rally added Rs 4.5 lakh crore in market capitalization over the past year, with FIIs raising stakes in 10 of the 12 PSU lenders in the December quarter as improving fundamentals and attractive valuations bring about a major change in investor […]
NEW DELHI: The Supreme Court on Tuesday asked a special CBI court to take cognizance of three charges filed by the federal agency within two weeks over the “unholy nexus” between banks and developers to dupe homebuyers in the NCR and proceed with the trial.A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi […]
Indian shares closed lower on Wednesday, with the Sensex and Nifty continuing their declines, as concerns over possible US tariffs and continued foreign investor outflows outweighed gains in metals and banking stocks.The benchmark BSE Sensex fell 245 points, or 0.29%, to end at 83,382.71, while the NSE Nifty 50 fell 66.7 points, or 0.26%, to […]
Shares of Union Bank of India rose as much as 8.3% to Rs 180 on the BSE on Wednesday after the state-owned lender reported a December performance that reflected an improvement in asset quality and steadier profits, with a 9% year-on-year rise in net profit and a sequential improvement in bad loans, easing concerns over […]
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 […]
The quarterly rebalancing of the Nifty Indices, which will take place on December 30, is expected to lead to notable portfolio adjustments in several frontline indices including the Nifty 50 and Nifty Bank.This exercise, which involves aligning index constituents with updated free-float weights and revised methodologies, is likely to result in measurable inflows and outflows […]
The reconstruction of the BSE BANKEX index came into effect from December 26, with four new banking entities added to the index. With effect from today, shares of Canara Bank, AU Small Finance Bank, Punjab National Bank (PNB) and Union Bank of India have been included in the said index.No exclusions have been made as […]
Public sector banks have emerged as the standouts in 2025, with the Nifty PSU Bank Index rising over 26%, significantly better than the Nifty50, which gained just 9.5% in the same period. Even the broader Nifty Bank Index, which includes both public and private sector lenders, lagged behind with a rise of 16%, highlighting the […]
State-owned Union Bank of India on Thursday reported a 10 per cent decline in September quarter profit to Rs 4,249 crore, driven by a decline in core income and also recovery in written-off accounts. Newly appointed Managing Director and Chief Executive Asheesh Pandey said the lender will strike a balance between revenue growth and protecting […]
At least four large Indian banks in the state have increased their internal limits for investing in government bonds after discussions with the reserve Bank of India last month, according to five treasury officials who are aware of the decisions. Bank of Baroda, Punjab National Bank, Canara Bank and Union Bank of India – under […]
