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…
ICICI Bank shares climbed to an 11-month high on Friday, rising 2.2 per cent to ₹1,450 in intra-day trading on the BSE, as investors awaited the bank’s financial results for the April–June quarter of the 2026–27 financial year. The bank is scheduled to announce its first-quarter earnings on Saturday, alongside other major private sector lenders,…
Public sector lender Bank of Maharashtra (BoM) has reported strong financial growth for the first quarter of FY2026-27, with its total loan portfolio increasing by 27 per cent year-on-year to ₹3.06 trillion as of June 30. According to a regulatory filing, the bank’s outstanding credit stood at ₹2.41 trillion during the corresponding quarter of the…
