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AU Small Finance Bank Ltd rises for third consecutive session
AU Small Finance Bank Ltd is quoting at Rs 1034.4, up 1.86% on the day as on 12:49 IST on the NSE. The stock is up 32.37% in last one year as compared to a 4.2% drop in NIFTY and a 2.39% drop in the Nifty Bank index.
Mcap of 8 most valued firms surges by ₹1.90 trn, ICICI Bank shines
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1.90 lakh crore last week, with ICICI Bank stealing the show, in tandem with a rally in equities. Last week, the BSE benchmark Sensex jumped 1,284.61 points, or 1.73 per cent, and the NSE Nifty surged 256.2 points, or 1 per cent. "Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Investor confidence improved on optimism surrounding a potential USIran peace deal, which raised hopes of easing geopolitical tensions and stabilising energy markets, he added. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Tata Consultancy Services (TCS)
RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFO
RBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer. Lakhpatwala joins from HDFC Bank, bringing over 25 years of finance experience. This appointment fills a vacant position and comes as Emirates NBD moves to acquire a controlling stake. The new CFO is expected to guide the bank through its ownership transition and future growth phase.
PNB, Ujjivan raise FCNR deposit rates
Punjab National Bank and Ujjivan Small Finance Bank have raised interest rates on FCNR(B) USD deposits for Non-Resident Indians. This move follows the RBI's announcement of a foreign currency swap window. Bank of Baroda has also introduced a new retail term deposit scheme for resident Indians. These initiatives aim to attract foreign capital and offer attractive returns to depositors.
ESAF Small Finance Bank's total business crosses Rs 50,000 cr
ESAF Small Finance Bank has achieved a significant milestone. Its total business has now surpassed Rs 50,000 crore. Deposits reached Rs 26,197 crore and advances stood at Rs 23,832 crore. The bank also reported a net profit of Rs 24 crore for the fourth quarter ended March 2026. Asset quality improved with lower NPAs.
Equitas Small Finance Bank’s next leg of growth hinges on winning the deposit battle
While a transformed, low-risk loan book underpins the lender's 2030 roadmap, raising low-cost retail funds is critical to supporting its 20% credit growth target.
Power finance cos turn to global markets for cheaper funds
Indian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made foreign currency borrowing cheaper. Companies like REC and PFC are planning to raise significant funds through external commercial borrowings. This move is expected to lower borrowing costs for these public sector undertakings.
RBI cancels registration certificates of 135 NBFCs
The Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered their licenses. These actions are due to various reasons including exiting the business or ceasing to be legal entities. Many of the cancelled companies were based in West Bengal. This move impacts the financial landscape.
Banks Raise FCNR-B Deposit Rates After RBI Support
HDFC Bank, YES Bank, AU Small Finance Bank and Central Bank of India have raised FCNR-B deposit, people familiar with the matter told NDTV Profit.
Lyptus Punch-Card Fund buys stake in Capital Small Finance Bank. Details here - Mint
Lyptus Punch-Card Fund buys stake in Capital Small Finance Bank. Details hereMint
Trade Spotlight: How should you trade Union Bank of India, LIC Housing Finance, Bank of Maharashtra,... - Moneycontrol.com
Trade Spotlight: How should you trade Union Bank of India, LIC Housing Finance, Bank of Maharashtra,...Moneycontrol.com
Oman India Fund sells Capital Small Finance Bank shares worth ₹37 crore
An Oman-backed private equity fund has sold a 3.65% stake in Capital Small Finance Bank for nearly ₹37 crore through a block deal, with Lyptus Punch-Card Fund picking up the entire stake at a slight discount to the market price.