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Bank of India's net profit soared 82% to Rs 2,626 crore in Q4 2025, fueled by treasury gains and recoveries from written-off accounts. The bank targets 12-13% loan growth and 11-12% deposit growth for fiscal year 2025-26, despite a NIM decrease. The bank is also focusing on cybersecurity and ATM cash availability, in line with regulatory guidelines.
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Union Bank of India witnessed a significant 50% surge in net profit, reaching ₹4,985 crore for the March quarter, fueled by increased non-interest income and reduced provisions. However, the bank anticipates pressure on net interest margins due to potential rate cuts by the RBI. While loan growth fell short of targets at 8.
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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.
8:10 AM
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Analysts have adjusted their outlook on several companies. Investec lowered Punjab National Bank's target due to weak margins, while Morgan Stanley remains cautious on Dabur due to margin erosion and weak domestic revenue. Conversely, Citi is optimistic about MGL, raising its target price.
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Gold and silver price prediction: MCX Gold exhibits a strong bullish trend, poised to retest its all-time high near ₹99,700, supported by global uncertainties and central bank demand. MCX Silver demonstrates resilience, bouncing from a key Fibonacci retracement level, and is likely to surpass its previous swing high of 98,800, potentially reaching 1,00,000.
10:10 AM
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The Bank of England is widely anticipated to cut its key interest rate to 4.25% amidst concerns over potential economic fallout from US tariffs. This decision, expected today, follows similar moves by the European Central Bank. Markets are keenly observing the central bank's communication for hints of further rate reductions.
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HDFC Bank announces a decrease in its Marginal Cost of Funds-based Lending Rates. This reduction provides relief to borrowers with loans linked to MCLR. The MCLR has been lowered by up to 15 basis points on select loan tenures. The revised rates, effective May 7, 2025, range from 9.00% to 9.20%.
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Punjab National Bank (PNB) witnessed a significant surge in profitability, reporting a 52% increase in net profit to Rs 4,567 crore for the March quarter of FY25. The bank's asset quality improved, with gross NPAs declining to 3.95%. Bolstered by strong performance, the board recommended a dividend and approved raising up to Rs 8,000 crore through Basel III-compliant bonds.
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China's central bank has implemented significant monetary easing measures, including interest rate cuts and a reduced reserve requirement for banks, in response to economic pressures. These pressures include renewed US tariffs and domestic weaknesses such as sluggish consumption and a struggling property sector.
1:10 AM
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The RBI's FY25 income from foreign exchange reserves is projected to be higher due to elevated US treasury yields, potentially boosting the central bank's dividend payout to the government. Increased interest earnings on foreign currency assets and substantial dollar sales are expected to contribute to this rise.
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The Reserve Bank of India significantly reduced its gold repatriation in the second half of fiscal year 2025, bringing home only 1.53 tonnes compared to 102.15 tonnes in the previous six months. Despite this slowdown, total gold holdings reached 879.59 metric tonnes by March 2025.
12:10 PM
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Sumitomo Mitsui Banking Corp (SMBC) is nearing a deal to acquire a major stake in Yes Bank, potentially triggering an open offer for an additional 26% stake and making SMBC the largest shareholder. This move follows Yes Bank's 2020 rescue and would be India's largest M&A deal for SMBC.
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Following the terror attack in Pahalgam, Jammu and Kashmir Bank anticipates minimal direct impact, as tourism exposure constitutes only one per cent of its portfolio. MD & CEO Amitava Chatterjee highlights the region's historical resilience and strong repayment culture. The bank reported a net profit of Rs 584.54 crore for the January-March quarter.
10:10 PM
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Taiwan's dollar saw a significant surge, the largest since 1988. This happened amid speculation about potential trade negotiations with the United States. Taiwan's central bank addressed the surge, attributing it partially to market rumors. They also clarified that the US hadn't demanded currency appreciation. The surge impacted local exporters and life insurance companies.
7:10 PM
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The Reserve Bank of India significantly increased its gold reserves by over 57 tonnes in FY25, marking the largest annual rise in seven years, amidst a 30% surge in gold prices. By March 2025, total holdings reached 879.59 tonnes, with a notable increase in domestic storage to 511.99 tonnes.
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SBI aims to maintain a RoA above 1% in FY26 despite margin pressures from softening interest rates, targeting a RoE over 15%. The bank reported strong FY25 results, with RoA improving to 1.10% and net profit rising 16% to ₹70,901 crore. SBI focuses on asset quality, reducing gross NPAs to 1.82% and net NPAs to 0.47%.
4:10 AM
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State Bank of India's Q4 net profit dipped 9.9% to Rs 18,643 crore due to a one-time pension provision of Rs 7,100 crore following a 50% pension hike. Excluding this, operating profit rose 8.8%. Non-interest income surged 39.4%, driven by treasury gains. Asset quality improved, with gross NPAs below 2% for the first time.
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