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Nifty Bank rises 400 points as HDFC Bank, IndusInd, other stocks jump up to 3% after Q1 updates
The Nifty Bank index rose over 400 points on Monday as gains in HDFC Bank, IndusInd Bank and ICICI Bank outweighed a sharp decline in Kotak Mahindra Bank. Investors reacted to first-quarter business updates, with HDFC Bank emerging as the top gainer after reporting healthy growth in advances and deposits.
IDFC FIRST Bank's loans grow 21%, deposits rise 18% in Q1; CASA ratio improves
IDFC FIRST Bank reported a 20.6% year-on-year growth in loans and advances and a 17.7% rise in deposits for the June quarter. The lender's CASA ratio improved to 50.8%, while it said asset quality continued to strengthen.
IDFC First Bank Q1 update: Loan book grows 21% YoY to Rs 3.05 lakh crore; shares rise 2%
IDFC First Bank reported strong provisional Q1 FY27 business growth, with loans and advances rising 20.6% year-on-year and deposits increasing 18%. CASA deposits and the CASA ratio also improved, reflecting healthy balance sheet expansion. The stock gained nearly 2% following the business update, while the bank maintained steady lending momentum.
Bank of Baroda settles NMC Health dispute for $600 million; Q1 credit grows 17%
Bank of Baroda has settled a significant legal dispute with NMC Health entities for USD 600 million, resolving claims under UAE and UK regulations. The bank's Abu Dhabi branch facilitated the payment, concluding proceedings without admitting liability. In other news, BoB reported robust financial performance, with credit growth reaching 17% and total deposits rising 14% in the first quarter of FY27.
The Jammu and Kashmir Bank hits Rs 3 lakh crore business mark on 16% deposit growth
Jammu and Kashmir Bank has crossed the Rs 3 trillion mark in total business during the first quarter of the current fiscal. This growth, exceeding 20% year-on-year, was fueled by a increase in both deposits and gross advances.
Who Is Pardeep Kumar? Senior IAS Officer Arrested By CBI In IDFC FIRST Bank Scam On Retirement Day
he CBI alleged the senior IAS officer diverted Haryana government funds into an unauthorised bank account, leading to a Rs 169 crore loss in the wider Rs 504 crore scam.
SBI boosts AI-powered banking with new digital journeys for retail, corporate customers
The announcements span SBI's YONO platform, introducing new customer journeys, AI-driven capabilities and industry-first features that simplify banking, empower businesses and promote financial and sustainability wellness, the bank said in a statement.
Buy, Sell Or Hold: IDFC First Bank, JSW Energy, Wockhardt, Paras Defence And Titagarh Rail — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
RBI says microfinance credit grows after seven quarters, borrower base continues to shrink
Microfinance loans saw their first increase in over a year during the January-March 2026 quarter, despite a continued drop in borrower numbers. The Reserve Bank of India's report highlights improving asset quality and reduced borrower leverage. NBFCs remain crucial for MSME financing, with their credit to the microfinance sector showing robust expansion, signaling a sector in consolidation but with positive underlying trends.
CBI Arrests IDFC First Bank, AU SFB Officials For Links To Fund-Misappropriation Case
The alleged fraud took place at IDFC First Bank's Sector 32 branch in Chandigarh.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades flat; Tata Motors PV in focus
Sensex Today | Stock Market LIVE Updates: Reclaiming that 23,800 level will be the first target of the bulls before seeking a move back to the 24,000 mark. After ending at the day's low, the Nifty Bank is back at the lower end of the 57,000 - 58,000 range, one that the bulls would want to defend before the truncated week ends.
IDFC First Bank share price falls over 2% amid weak sentiment in Indian stock market - Mint
IDFC First Bank share price falls over 2% amid weak sentiment in Indian stock marketMint