Banks News
Nifty PSU Bank index shines in a volatile week; soars over 2%, third straight advance
Public sector banks have shown resilience, with 7 out of 12 Nifty PSU Bank index constituents gaining this week. Bank of Baroda led the charge. Analysts remain optimistic due to increasing credit growth and potential government policy changes to attract foreign investment.
3 min read7 Nov 2025Who was George Banks: The man behind 1982 Wilkes-Barre massacre that killed 13, dies at 83
George Banks, one of America’s most notorious mass murderers, died at 83 while serving a life sentence in Pennsylvania. He killed 13 people, including five of his children, in the 1982 Wilkes-Barre massacre — one of the deadliest family killings in US history.
1 min read4 Nov 2025SBI Q2 profit rises 10% led by exceptional gain from stake sale in Yes Bank
SBI's Q2 profitability was bolstered by a one-time gain from the sale of stake in Yes Bank.
1 min read4 Nov 2025City Union Bank stock jumps 8% to all-time high after Q2 earnings beat, up 50% YTD
City Union Bank shares surged 8% to a record ₹254 after strong September quarter results. The bank reported a 15% net profit increase, driven by robust loan and deposit growth, improved asset quality, and maintained a positive outlook for future growth.
2 min read4 Nov 2025Cough syrup tragedy: SIT arrests medical shop owner Dr Parveen Soni's wife over Madhya Pradesh child deaths
The SIT probing the cough syrup tragedy that led to the deaths of 24 children in Madhya Pradesh arrested the wife of the accused, Dr Praveen Soni. She is the proprietor of a medical shop from where the cough syrup was sold to numerous victims.
2 min read4 Nov 2025For India’s banks, the worst on margins may not be over yet
Indian banks are facing a prolonged squeeze on profit margins, as faster loan repricing and rising credit demand outpace the fall in deposit costs. Mixed signals from top lenders suggest relief may not come soon.
5 min read3 Nov 2025Banks cut government debt holdings to increase advances as deposit growth slows
Deposit growth has fallen below the double-digit threshold for four consecutive fortnights.
4 min read3 Nov 2025Red flag from unions — Oppose new plans for public sector bank mergers
Bank employee unions in have warned that proposed public sector bank mergers could harm financial inclusion and weaken customer service. Leaders strongly emphasized the need for effective banks that serve rural communities rather than larger institutions.
4 min read3 Nov 2025Bank of Baroda, Bank of India, other PSU banks rally up to 3% amid reports of merger, privatisation of smaller lenders
Bank of Baroda, Bank of India, other PSU banks rally up to 3% amid reports of merger, privatisation of smaller lenders
3 min read3 Nov 2025Is it a bank holiday today? Banks closed on 31 Oct in this city: Details here
Bank holiday today: According to the RBI calendar, banks in Ahmedabad, Gujarat, will be closed on 31 October for Sardar Vallabhbhai Patel's Birthday. The banks in the rest of the country will remain open.
1 min read31 Oct 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared