indian banking sector

State Bank of India and other lenders are selling a 20% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation for Rs 13,483 crore. This marks the largest cross-border investment in Indian banking, making SMBC the largest shareholder. The sale follows Yes Bank's 2020 rescue, with SBI retaining just over 10% stake after the deal.

In response to heightened tensions between India and Pakistan, Indian banks have fortified their cybersecurity defenses, particularly in branches near border areas. A 24-hour war room has been established to counter potential cyberattacks, and ATMs are stocked with sufficient funds.

Public sector banks in India have achieved a record cumulative net profit of Rs 1.78 lakh crore for FY25, a 26% increase from the previous year. All 12 PSBs reported profits, marking a significant turnaround from losses in FY18. State Bank of India led with over 40% of the total earnings.

Patanjali Group's technology arm, Bharuwa Solutions, is entering the indian banking sector with an AI-powered, bilingual banking ERP system. This platform aims to revolutionize digital banking for regional, cooperative, and small financial institutions by addressing language barriers and enhancing security. Founder Acharya Balkrishna emphasizes the commitment to technological inclusion, ensuring accessibility for all citizens.

Indus Waters Treaty: Amidst escalating tensions following the Pahalgam attack, India has suspended the Indus Waters Treaty, prompting Pakistan to consider international legal action. The World Bank has clarified its limited role as a facilitator in the dispute over the Indus River's water resources.

Operation Sindoor impact on stock market today: The NSE Nifty settled at 24,273.80, decreasing by 140.60 points or 0.58 per cent, with an intraday low of 24,150.20. The 30-share index Sensex closed at 80,334.81, down by 411.97 points or 0.51 per cent.

Indian Bank's net profit surged by 32% to Rs 2,956 crore in Q4 FY25, driven by higher core income and improved asset quality. Gross NPAs decreased to 3.09%, and Net NPAs fell to 0.19%. The board proposed a dividend of Rs 16.25 per share and plans to raise up to Rs 7,000 crore through equity and bond offerings in FY26.

Fueled by rising incomes, Indian consumers significantly increased spending on consumer durables and FMCG in FY25. Multi-brand outlets rebounded strongly, while quick commerce experienced a surge due to hyper-localisation. North India led cash-based consumption, supported by a robust cash infrastructure with increased currency circulation, ATMs, and bank branches.

Amidst escalating India-Pakistan tensions, BSE and NSE have restricted international access to their websites as a cyber security precaution. This action follows a cybersecurity alert from CERT-In, warning of potential cyber threats targeting India's BFSI sector. BSE has also advised market participants to strengthen their defenses against cyber-attacks.

Escalating India-Pakistan tensions, spurred by Operation Sindoor, triggered a significant market selloff, wiping out Rs 7 lakh crore in investor wealth over two sessions. The NSE Nifty and BSE Sensex both experienced sharp declines as geopolitical risks heightened. While some sectors faced heavy losses, others saw gains, and foreign investors remained net buyers despite the volatility.

Global economic growth is slowing down. The United States and China may face economic deceleration. India is expected to grow faster than other countries. India's manufacturing sector is performing well. A good monsoon season is predicted, which may help the agricultural sector. Indian stock markets are showing strength. The Indian rupee is also getting stronger against the US dollar.

India and the United Kingdom have finalized a Free Trade Agreement (FTA) and a Double Contribution Convention, marking a significant advancement in their strategic alliance. Prime Minister Modi announced the agreement after discussions with UK Prime Minister Keir Starmer, highlighting its potential to boost trade, investment, and job creation.