BANKING & FINANCE
SBI Q1 Profit Rises 10% To ₹21,121Cr; Advances Cross ₹50 Lakh-Cr Mark
State Bank of India (SBI), the country’s largest lender, reported a 10.23% year-on-year increase in net profit to ₹21,121 crore for the first quarter ended June 30, 2026, driven by healthy growth in net interest income, advances and improved asset quality. The bank’s operating profit rose 9.77% to ₹33,529 crore, while net interest income (NII) […]
CW Bureau
·
Aug 7, 2026
BANKING & FINANCE
Credit Card Spending Growth Tapers To 7.1% In April Post Fiscal-End Surge
India’s credit card spending growth moderated in April 2026 following elevated spending activity during the March fiscal year-end period, even as digital payments and e-commerce transactions continued to support overall consumption trends. According to a CareEdge Ratings report, aggregate credit card spending rose 7.1% year-on-year to ₹1.98 lakh crore in April 2026. However, spending moderated […]
CW Bureau
·
May 29, 2026
BANKING & FINANCE
PSBs Post Record ₹1.98 Lakh-Cr Profit In FY26; Bad Loans Hit Historic Lows
India’s public sector banks (PSBs) delivered another year of strong financial performance in FY2025-26, powered by robust credit growth, sharply improved asset quality and record profitability, underlining the sector’s growing strength in supporting the country’s expanding economy. The aggregate business of PSBs rose 12.8% year-on-year to ₹283.3 lakh crore as of March 31, 2026, driven […]
CW Bureau
·
May 12, 2026
BANKING & FINANCE
Canara Bank Q4 Net Dips By 10% To ₹4,506 Cr On Lower Other Income
Public sector lender Canara Bank reported a 10% decline in standalone net profit for the March quarter at ₹4,506 crore compared with the corresponding period last year, impacted by lower other income and decline in operating profit. Interest income increased 2.7% to ₹31,838 crore, while non-interest income contracted 24% to ₹4,824 crore. Fee-based income, however, rose […]
CW Bureau
·
May 11, 2026
