With six of the seven cyber threats identified last year now operational, banks are accelerating investments in cyber resilience, AI-led fraud detection and operational security as regulators sharpen their focus on technology risks.
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Export-Import Bank of India plans to raise $300 million through dollar bonds. This move utilizes the central bank’s subsidized hedging facility for overseas fundraising. The state-run institution will issue three-year floating-rate bonds priced over SOFR. Other development finance institutions and…
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ASEAN and Africa were the biggest drivers of India’s export growth in the first two months of FY27, with exports to ASEAN surging 66.9% to $10.5 billion and shipments to Africa rising 53.1% to $9.6 billion, according to commerce ministry…
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India’s largest private banks are witnessing a shift in credit demand, with corporate and SME lending driving loan growth while retail borrowing remains subdued. Stronger working capital demand, refinancing and business banking boosted advances, but slower consumer credit growth and…
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Axis Bank shares fell despite reporting a 22.5% year-on-year rise in Q1FY27 standalone net profit to Rs 7,114 crore. Net interest income (NII) grew over 8% YoY to Rs 14,646 crore, beating some brokerage estimates, but mixed analyst views and…
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Nearly Rs 91,000 crore was wiped off the market value of HDFC Bank, Axis Bank and Kotak Mahindra Bank as stronger credit growth failed to offset concerns over shrinking net interest margins, weaker CASA deposits and leadership uncertainty. ICICI Bank…
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