Market News
Stay updated with the latest market trends, earnings, and economic indicators.
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.
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.
Indian Overseas Bank Q4 profit surges 43% on lower provisions
Indian Overseas Bank reported a 43% surge in fourth-quarter net profit, reaching Rs 1505 crore, driven by lower provisions and tax expenses. Despite flat pre-provision operating profit due to treasury losses, the bank's asset quality improved with a falling NPA ratio. Annual net profit also saw a significant 56% increase.
Indian Overseas Bank Q4 PAT jumps 43% YoY to Rs 1,505 cr
Indian Overseas Bank's standalone net profit rose 43.20% year-on-year (YoY) to Rs 1,505.45 crore in Q4 FY26, compared with Rs 1,051.07 crore in Q4 FY25.
Indian Bank Q4 Results: Standalone profit grows 5% YoY to Rs 3,103 crore; Rs 18.25/share dividend declared
Indian Bank reported a standalone net profit of Rs 3,103 crore for the March-ended quarter, up 5% from Rs 2,956 crore a year ago. Net interest income (NII) rose 11% to Rs 7,110 crore in Q4FY26, compared with Rs 6,389.34 crore in the corresponding quarter of the previous financial year.
Indian Bank Q4 Results: Net profit rises 5% YoY to ₹3,103 crore, asset quality improves; declares ₹18.25 dividend
Indian Bank reported a net profit of ₹3,103 crore for the March quarter, a 5% increase from the previous year. Net interest income surged 11.28% to ₹7,110 crore compared to ₹6,389 crore last year.