Banking

State Bank of India said it is redeploying branch staff into sales and upselling roles as more customers shift to digital banking channels and online transactions.

Public and private sector banks remain operational on the first, third and fifth Saturdays, while branches stay closed only on the second and fourth Saturdays of every month.

Emirates NBD, one of the largest banks in the middle east, will acquire up to 74% stake in RBL.

The central bank sets these goals for primary dealers at the start of April as part of its operational guidelines. They are determined as a percentage of average trading volumes over the previous three years.

AIBOC says a five-day work week in banks would reduce fuel consumption, ease operational costs and support the government's energy conservation and austerity push.

The SBI chairman also said India would need massive capital mobilisation to achieve the Viksit Bharat goal by 2047.

Lenders book steep fall/loss in treasury income; start making provisions for ECL shift.

Move aimed at strengthening recovery mechanisms and preventing early-stage stressed loans as SBI posts lowest bad loan ratio in two decades.

Much of the pressure in SBI shares comes on the back of the lender's sub-par performance in the fourth quarter

Most brokerages have remained bullish on SBI despite the Q4 blip, with HSBC even hiking the target price for the counter.

The deal will help the company increase revenues from private sector banks to 30 per cent by the end of FY27 from the current 25 per cent, said its Chief Business Officer, Anush Raghavan.

According to an estimate, about 8,000 officers working at the RBI are going to be impacted by the change in the promotion policy.

Loan growth across retail segments including home loans, personal loans and gold loans, he says, has been robust and the bank expects the trend to continue in FY27.

Kotak Mahindra Bank has also received approval from the Reserve Bank of India to acquire up to 9.99% stake in City Union Bank.

Axis Bank has secured the loan facility, with MUFG acting as the sole mandated lead arranger and bookrunner, Girish Vasnani, director in the capital markets group at the Japanese lender.

This was confirmed by the management of Paytm during the earnings concall on Thursday, a day after the company reported its fourth quarter earnings for the financial year ending March 2026.

The federation has also objected to the lack of flexibility for employees under the NPS to change their pension fund manager, calling it a grave injustice impacting retirement savings.

Sources say Keki Mistry's role was intended as a "stop-gap" arrangement, and the chairman's position—by design—needs to be independent.

Gobind Jain has filed a civil suit against IndusInd Bank alleging 'unlawful termination'

Rathi will start in June and be based in Mumbai.