Banks (Finance)
Private banks in India are grappling with a margin squeeze due to a decline in net interest margins (NIMs) and a rise in provisions, according to their quarterly results. The results of HDFC Bank, Axis Bank, IndusInd Bank, and Kotak Mahindra Bank have highlighted a challenging operating environment for private
Banks (Finance)
Kotak Mahindra Bank has reported a decline in net profit and total income for the second quarter ended September 30, 2025. The bank's net profit fell 2.70% to Rs 3,253.33 crore, while its total income increased 2.13% to Rs 16,238.59 crore compared
Banks (Finance)
The opaque corner of the financial system that was thought to be largely confined to US private equity firms has found its way to Britain's shores, with top City institutions investing billions in debt deals that are now under scrutiny following a series of high-profile blow-ups. Britain'
Banks (Finance)
A contentious dispute is unfolding between motor finance lenders and the Financial Conduct Authority over the regulator's proposed £11 billion compensation scheme for car owners who were misled when purchasing their vehicles up to 18 years ago. The lenders are seeking an extension of the consultation period on
Appeals (Law)
The America's largest bank, JPMorgan Chase, is reportedly seeking to renege on its obligation to pay for Charlie Javice's legal bills, despite her conviction of defrauding the bank of $175 million. The bank has described the legal fees as "patently excessive and egregious," with
Banks (Finance)
Kotak Mahindra Bank's second-quarter standalone net profit dropped 3% year-over-year to Rs 3,253 crore due to an increase in provisions and a fall in non-interest income. Although loan growth remained firm, net interest margin narrowed to 4.54% from 4.91% as interest income fell more than
Banks (Finance)
The banking sector, which has experienced growth in the past few years, may be entering a phase of slower growth and increasing pressure on profitability, according to a report by McKinsey & Company. The report, McKinsey's Global Banking Annual Review 2025, highlights the need for banks to shift
Banks (Finance)
The Bank of England's governor, Andrew Bailey, has sounded the alarm over the rapid growth of private credit markets, warning that they are mirroring the conditions that led to the 2008 financial crisis. Bailey's concerns are shared by other financial regulators, including JP Morgan's
Banks (Finance)
Kotak Mahindra Bank's net interest income for Q2FY26 rose 4% to Rs 7311 crore, while its gross NPA ratio marginally improved to 1.39% from 1.49% in Q2FY25. However, the bank saw a 43% rise in provisions and contingencies to Rs 947 crore compared to Rs 660
Banks (Finance)
The Louvre Museum in Paris has transferred some of its most precious jewels to the Bank of France after a daring daylight heist last week exposed the museum's security vulnerabilities. The heist, which occurred when thieves smashed an upstairs window and made off with eight pieces worth an
Banks (Finance)
The Reserve Bank of India (RBI) has released draft guidelines on capital market exposure by banks, paving the way for Indian banks to finance acquisitions by Indian corporates. According to the guidelines, acquisition finance shall be fully secured by shares of the target company as primary security, and banks must
Banks (Finance)
The global investor Blackstone is set to acquire a nearly 10% stake in Kerala-based Federal Bank, in a deal worth ₹6,200 crore. This move marks Blackstone's latest bet on India's financial sector, where it has made multiple investments over the years. The acquisition will see
