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Public sector banks rush to build up wealth management assets
The move is aimed at improving customer engagement as household savings shift from bank deposits to market-linked instruments and risk products. Indian Bank plans to set up a wealth management vertical targeting high net worth individuals, while sectoral leader State Bank of India aims to grow its wealth assets under management fivefold to Rs 15 lakh crore by 2030.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian stock markets experienced sharp cuts on Thursday, with Nifty and Sensex declining due to rising oil prices and a falling rupee. Selling pressure was observed in FMCG, bank, and auto stocks. Meanwhile, US markets closed at record highs, driven by strong earnings and softer crude prices.
Metals, PSU banks drag markets down amid currency weakness and global uncertainty
Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra Day.
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 cards. The acquisition will boost Federal Bank's existing credit card base. It will also strengthen its presence in major Indian cities. The transaction is expected to conclude by the end of 2026.
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 cards. The acquisition will boost Federal Bank's existing credit card base. It will also strengthen its presence in major Indian cities. The transaction is expected to conclude by the end of 2026.
Deposit rates pick up as banks signal upward repricing cycle
Bank deposit rates across the Indian banking system rose in March 2026, according to data released by the Reserve Bank of India. The weighted average domestic term deposit rate (WADTDR) on fresh rupee deposits increased by 42 basis points to 6.07% in March from 5.65% in February.
Deposit rates pick up as banks signal upward repricing cycle
Bank deposit rates across the Indian banking system rose in March 2026, according to data released by the Reserve Bank of India. The weighted average domestic term deposit rate (WADTDR) on fresh rupee deposits increased by 42 basis points to 6.07% in March from 5.65% in February.
Banks create buffers to cover war-related credit risks
Indian banks are strengthening their finances. They are creating special funds to handle risks from the West Asia crisis. This proactive step aims to protect against potential credit issues. Banks like Axis Bank, Union Bank of India, Indian Overseas Bank, and Indian Bank are setting aside significant amounts. This move ensures resilience and prudent risk management amid global uncertainties.
Banks create buffers to cover war-related credit risks
Indian banks are strengthening their finances. They are creating special funds to handle risks from the West Asia crisis. This proactive step aims to protect against potential credit issues. Banks like Axis Bank, Union Bank of India, Indian Overseas Bank, and Indian Bank are setting aside significant amounts. This move ensures resilience and prudent risk management amid global uncertainties.
Indian Bank expects margins to moderate in FY27 on elevated deposit costs
The state-owned lender sees steady FY27 growth but expects NIM compression as funding lags credit demand.
FPI outflows near ₹1.9 lakh crore in 2026; Can global AI stock correction turn the tide?
In 2026, foreign portfolio investors have withdrawn ₹1.89 lakh crore from Indian equities due to global uncertainties and a shift towards AI stocks in the US, South Korea, and Taiwan. This trend reflects a risk-off sentiment rather than weak domestic fundamentals.
Indian Bank Q4 profit rises 5% to Rs 2,956 crore
Indian Bank announced a 5% increase in net profit for the fourth quarter. The bank saw its operating profit rise and its gross and net non-performing assets fall significantly. Despite challenges foreseen in treasury operations due to global events, the bank projects steady growth in advances for the current fiscal year. Deposits also showed robust growth.