Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Bombay High Court rejects Lilavati Trust suit against HDFC Bank in India
The Bombay High Court rejected the Lilavati Trust's defamation plea against HDFC Bank, finding the bank's statements factually accurate and awarding Rs 5 lakh costs to the bank.
Punjab & Sind Bank reports record FY26 profit and warns on MSME risks
Punjab & Sind Bank reported a record ₹1,322 crore profit for FY26 and said it was keeping a close watch on its MSME loan book as a prolonged West Asia crisis may hit borrower cashflows.
Canara Bank's new MD aims to win younger customers by boosting deposits
Canara Bank's new MD and CEO, Brajesh Kumar Singh, said his first priority was to raise low-cost deposits and improve CASA to strengthen the bank's overall efficiency.
Nigerian Army chief urges banks to strengthen tracking of terror funds
Nigeria's Chief of Army Staff Lieutenant General Waidi Shaibu urged banks to boost monitoring and reporting of suspected terrorism financing and other illicit financial flows that threaten national security.
India's RBI offers concessional forex swap and banking stocks rise
Banks in India accessed a concessional foreign exchange swap facility from the Reserve Bank of India for overseas borrowings with a minimum maturity of three years, prompting a rise in banking stocks.
JPMorgan and US, Japanese banks raise fossil fuel finance, campaign finds
A campaign report said JPMorgan led a rise in deals that increased US and Japanese banks' fossil fuel finance, while European banks reduced their market share in the sector.
Intesa Sanpaolo launches $35.3 billion bid for Monte Paschi in Italy
Intesa Sanpaolo launched an unsolicited $35.3 billion bid on Monday to acquire Monte dei Paschi di Siena, days after Banco BPM proposed a merger of equals the previous day.
HDFC Bank raises MCLR and lending rates across tenors in India
HDFC Bank raised lending rates by up to 10 basis points across tenors, including a 5 basis point increase in the one-year benchmark MCLR to 8.40 percent, the bank said.
Punjab & Sind Bank posts record profit and flags MSME loan risks
Punjab & Sind Bank reported a record ₹1,322 crore profit in FY26 and said it kept a close watch on its MSME loan book as a prolonged West Asia crisis may affect borrower cashflows.
Nigeria Army chief urges banks to strengthen tracking of terror financing
Lieutenant General Waidi Shaibu, Nigeria's Chief of Army Staff, called on the country's banking industry to strengthen monitoring and reporting of terrorism financing and other illicit financial flows.
CNBC Africa analyses South Africa's biggest banking groups in new piece
CNBC Africa published an analysis of South Africa's biggest banking groups, examining their recent performance, strategic priorities, and the sector risks that shaped lenders' operations across regional markets.
Hang Seng Bank Ltd issues dividend update, flags Hong Kong banking cycle focus
Hang Seng Bank Ltd issued a dividend update and highlighted its focus on the Hong Kong banking cycle, outlining priorities for local operations amid evolving sector dynamics.