Bengaluru-based real estate developer DivyaSree Developers has entered into a strategic joint venture with HDFC Capital Advisors Ltd, the real estate private equity arm of HDFC Group, to set up a ₹1,500 crore residential development platform. Announced on Monday, this investment vehicle will focus on acquiring prime land parcels and executing residential real estate developments…
Punjab National Bank (PNB) has assured affected account holders that all genuine claims will be fully honored following serious allegations of financial fraud and unauthorized transactions at its Greater Noida branch. The public sector lender confirmed on Thursday that it has already settled three individual claims totaling ₹43 lakh as part of its immediate response…
The Indian government’s strategic disinvestment program has regained strong momentum following the Cabinet Committee on Economic Affairs’ (CCEA) landmark approval of a 30.48 per cent stake sale in IDBI Bank to Canada-based Fairfax Financial Holdings. Upon its final completion, this landmark transaction will record the largest Foreign Direct Investment (FDI) inflow into India’s banking and…
HDFC Bank, India’s largest private sector lender, mobilised more than ₹1.5 trillion in deposits during the July-September quarter of FY27, reflecting continued growth in its funding base. According to the bank’s quarterly business update, period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent year-on-year to ₹33.27 trillion as of September 30, 2026….
Two veteran financial sector executives with over three decades of robust experience, Anup Bagchi and Anup Kumar Saha, are set to assume leadership positions at two of India’s premier private sector lenders following formal approvals from the Reserve Bank of India. Anup Bagchi, currently managing director and CEO of ICICI Prudential Life Insurance, will officially…
Yes Bank Ltd. is preparing to return to the international bond market for the first time since its controversial Additional Tier 1 (AT1) debt write-off in 2020. The Indian private-sector lender has appointed arrangers for a proposed benchmark-sized three-year US dollar bond and is scheduled to hold discussions with fixed-income investors. The planned issuance comes…
Bank of Baroda is considering raising funds through a dollar-denominated bond issue, encouraged by strong investor demand for State Bank of India’s recent foreign-currency debt sale, according to banking sources. India’s second-largest state-run lender by assets is planning a dual-tranche bond issue with maturities of three and five years and has provided initial pricing guidance….
State Bank of India (SBI) Chairman C S Setty has called for artificial intelligence (AI) in banking to move beyond its initial applications and reach rural customers, small businesses and the agricultural sector. Setty said the true test of AI would not be the sophistication of the technology but its economic impact—whether it can help…
SBI Funds Management has entered the list of publicly traded asset management companies (AMCs) on Dalal Street, giving investors another opportunity to participate in India’s rapidly expanding mutual fund industry. The listing has intensified competition among leading AMCs, including HDFC AMC and ICICI Prudential AMC. Shares of SBI Funds Management debuted on July 21 at…
Axis Bank has delivered a stellar financial performance for the first quarter ended June 30, 2026, reporting a 22.2 percent year-on-year surge in consolidated net profit to ₹7,632.31 crore. The impressive growth, which comfortably beat market estimates, was primarily driven by a significant 42.1 percent drop in provisions and contingencies, which fell to ₹2,337.47 crore…
