Motilal Oswal Financial Services (MOSL) has released its latest sector update for the Indian banking space, projecting a cautious yet optimistic outlook for FY26. The brokerage anticipates systemic credit growth to revive in the second half of the fiscal and has identified ICICI Bank, HDFC Bank, and State Bank of India (SBI) as its top
The Q4 results of the private banks as well as state-run lenders were mixed with net interest margins surprising positively for larger banks, but growth remaining elusive. Banks delivered a credit growth of 11% year-on-year (YoY). Slower credit growth versus Street expectations was primarily visible amongst the larger private banks, while most mid-sized banks delivered
The Bank Nifty index has made waves in the market, hitting an all-time high of 56,098 in April, but it now hovers around the 55,000 mark. Meanwhile, the Nifty50 benchmark index is still around 7% away from its own record high, while banking stocks have continued to outpace the broader market. However, the recent retracements
Credifin, a non-banking financial company, has raised USD 24.9 million (Rs 213.6 crore) through a mix of equity and debt to fuel its growth in MSME mortgage loans and E-vehicle financing. New Delhi, Apr 17 (PTI) Credifin, a non-banking financial company, on Thursday said it has raised USD 24.9 million (Rs 213.6 crore) capital through
State Bank of India (SBI) customers faced disruptions today in internet and mobile banking services for the second time this month due to “technical issues”. The glitch affected users across the country, causing failures in mobile banking and fund transfers. Data from Downdetector showed a surge in reports of SBI mobile banking outages, peaking between