YOU WONT BELIEVE: 2 - You Need To See This

ICICI Securities initiates coverage on 7 PSU banks with positive valuations

ICICI Securities commenced its analysis on seven public sector banks, giving most a Buy rating. They predict a strong return on equity for these institutions leading up to fiscal year twenty twenty-eight. Loan growth should remain vigorous, estimated at fourteen to fifteen percent each year. While asset quality is likely…

The Economic Times · Aug 4

HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank list

HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts.…

The Economic Times · Jul 29

Canara Bank recovers loan by emptying account on a Sunday: Woman says money was debited without consent; court orders Rs 45,000 payout

A Kerala consumer commission has ordered Canara Bank to pay Rs 45,000 in compensation and costs after it automatically debited Rs 53,463 from a woman's savings account on a Sunday to recover a gold loan, without her consent and without first invoking its right to sell the pledged gold ornaments…

The Economic Times · Jul 28

Insurance distribution boosts fee income at most public sector banks in FY26

Public sector banks earned higher insurance commissions in FY26, with most lenders reporting growth. Mutual fund distribution income showed mixed performance across various banks. State Bank of India led insurance commissions, with significant contributions from its subsidiary. Canara Bank and Bank of Baroda also reported insurance commission increases. However, Punjab…

The Economic Times · Jul 14

Rekha Jhunjhunwala sells 1 crore Canara Bank shares in Q1. What's behind the move?

Veteran investor Rekha Jhunjhunwala sold over 1.07 crore Canara Bank shares during the April–June quarter, reducing her stake from 1.54% to 1.42%, according to the lender's latest shareholding data. The stake sale comes amid an 18% decline in the PSU bank's stock in 2026.

The Economic Times · Jul 14

India's banks are handing out more loans, but deposits aren't keeping up

Indian banks witnessed a surge in lending during the April-June quarter, outpacing deposit growth and widening the funding gap. This trend, driven by robust demand from corporate and retail sectors, has pushed the loan-to-deposit ratio to a decade-high, raising concerns about funding sustainability. While some lenders saw deposits decline, others…

The Economic Times · Jul 4

Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI

Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered…

The Economic Times · Jul 2

Canara Bank, Bank of Baroda, Indian Bank pay Rs 7,023 cr dividend to govt for FY26

Three public sector banks, Canara Bank, Bank of Baroda, and Indian Bank, collectively disbursed Rs 7,023 crore in dividends to the government for the 2025-26 fiscal year. Canara Bank contributed Rs 2,397 crore, BoB Rs 2,811 crore, and Indian Bank Rs 1,815.05 crore. These payouts underscore the banks' robust financial…

The Economic Times · Jun 29

Nifty indices rejig goes live today: Which stocks will see biggest inflows and outflows?

The NSE’s quarterly index rebalancing takes effect today, triggering significant passive fund flows across Indian equities due to changes in free-float weights. While the Nifty 50 sees limited adjustments, broader strategic indices are witnessing sharper reshuffling.

The Economic Times · Jun 29

5-year Senior citizen FD interest rates up to 8.05%: SBI vs PNB vs HDFC Bank vs other banks

Senior citizens seeking secure investments are finding attractive options in fixed deposits, especially for 5-year tenures. Small finance banks are leading the pack, with Suryoday SFB and Jana Small Finance Bank offering a compelling 8.05% interest rate for senior citizens. This competitive landscape ensures older investors can secure stable, higher…

The Economic Times · Jun 27