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Shriram Finance Shares Hit 11-Month Low

By Uniquetimesorg October 26, 2026 0

Shares of Shriram Finance fell as much as 6.13% to ₹810.20 on Monday, reaching an 11-month low after the Indian non-bank lender lowered its loan growth forecast and warned of rising credit costs. The decline extended the company’s losses for an eighth consecutive trading session, despite reporting better-than-expected second-quarter profits. The company reduced its Continue Reading

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SBI Reports Cyberattack Exposing Nearly 3,900 Customer Records

By Uniquetimesorg October 21, 2026 0

State Bank of India (SBI) reported a cyberattack that led to the exposure of 3,897 customer records on the dark web, according to Reuters on October 21, 2026. The bank’s preliminary analysis found that the leaked information included customers’ names, mobile numbers, dates of birth, email addresses, residential addresses, customer identifiers and loan records. SBI […]Continue Reading

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Fairfax Financial to Acquire 60.72% Stake in IDBI Bank for $5.6 Billion

By Uniquetimesorg October 14, 2026 0

Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. will acquire a 60.72% stake in IDBI Bank Ltd. for ₹528.78 billion ($5.6 billion), marking the largest foreign investment in India’s financial services sector. The transaction values the Mumbai-based lender at approximately ₹871 billion, with the Indian government and Life Insurance Corporation of India Continue Reading

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Deutsche Bank Sells India Retail Banking Business to Kotak Mahindra

By Uniquetimesorg June 30, 2026 0

Deutsche Bank has agreed to sell its retail banking and wealth management business in India to Kotak Mahindra Bank as part of its strategy to streamline operations and focus on core businesses. Kotak Mahindra said the acquisition is valued at approximately $30 million and will strengthen its presence in India’s retail and wealth management segments. […]Continue Reading

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Falling Oil Prices Lift Indian Markets to Seven-Month Winning Streak

By Uniquetimesorg June 26, 2026 0

India’s benchmark stock indices ended the week with their third consecutive weekly gain, marking their longest winning streak in seven months. Investor sentiment improved as crude oil prices dropped to levels seen before the Iran conflict, easing concerns over inflation and economic growth. The Nifty 50 and BSE Sensex posted modest weekly gains, although both […]Continue Reading

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India Seen Near End of Foreign Investor Exodus

By Uniquetimesorg June 12, 2026 0

India may have already witnessed the worst of foreign investor outflows despite concerns over rising oil prices and economic pressures, according to global wealth manager Lighthouse Canton. Foreign investors have withdrawn a record $30 billion from Indian equities in 2026, while markets such as South Korea and Taiwan attracted strong inflows due to their exposure […]Continue Reading

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RBI Boost Lifts Bank Stocks

By Uniquetimesorg June 9, 2026 0

Indian banking stocks rose after the Reserve Bank of India introduced a concessional forex swap facility for lenders raising funds through overseas foreign currency borrowings. The measure is part of a broader effort to attract foreign capital and strengthen the economy as it faces inflationary and growth pressures linked to the prolonged Iran conflict. The […]Continue Reading

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RBI Examining Proposal for Polymer Banknotes, Says Governor Sanjay Malhotra

By Uniquetimesorg June 5, 2026 0

The Reserve Bank of India (RBI) is evaluating a proposal to introduce polymer banknotes, with Governor Sanjay Malhotra confirming that the idea is currently under consideration. Speaking during a post-monetary policy media interaction on Friday, Malhotra said recent reports about the RBI exploring polymer notes were partly accurate. However, he clarified that the proposal Continue Reading

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IndusInd Bank Beats Q4 Profit Estimates on Lower Bad Loans

By Uniquetimesorg April 24, 2026 0

IndusInd Bank reported a stronger-than-expected fourth-quarter profit, supported by a slowdown in new bad loans and reduced provisions. The bank posted a profit of 5.33 billion rupees for the quarter ended March 31, surpassing analysts’ estimates of 3.89 billion rupees. This marks a recovery from the year-ago period, when the lender recorded a significant loss […]Continue Reading

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HDFC Bank Posts Higher-Than-Expected Q4 Profit on Strong Lending Growth

By Uniquetimesorg April 18, 2026 0

HDFC Bank reported a stronger-than-expected fourth-quarter profit, supported by solid growth in lending, especially in retail loans. The bank posted a standalone net profit of 192.2 billion rupees ($2.08 billion) for the quarter ended March 31, slightly above analyst estimates and higher than 176.16 billion rupees a year earlier. Growth in consumer borrowing was driven Continue Reading