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MUMBAI: Lenders shifted toward secured credit and established borrowers in Q2 FY26, reflecting a tactical move toward asset quality and risk control. According to the CRIF High Mark report, banks and NBFCs increased exposure to secured products, reduced lending to new borrowers, and expanded credit selectively to businesses, especially sole proprietors.Gold loans recorded the fastest…
MUMBAI: Kotak Mahindra Bank reported an 11% drop in consolidated net profit for Q2FY26 following higher provisions, even as credit and deposit growth continued. The bank’s CEO, Ashok Vaswani, was non-committal on media reports that Kotak Bank was showing interest in acquiring IDBI Bank and had conducted due diligence. “We cannot and should not be…
MUMBAI: HDFC Bank reported a 10.8% rise in standalone net profit to Rs 18,640 crore for the quarter ended Sept 2025, driven by higher non-interest income and steady improvement in asset quality.Net interest income rose 4.8% year-on-year to Rs 31,550 crore, while non-interest income surged 25% to Rs 14,350 crore. Total income grew 10.4% to…
MUMBAI: IndusInd Bank reported a net loss of Rs 437 crore for the quarter ended September 30, 2025 (Q2 FY26), compared with a net profit of Rs 1,331 crore a year earlier, as a steep rise in provisions and a decline in core income weighed on profitability.Net interest income fell 18% year-on-year to Rs. 4,409…
