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Indian banks witnessed robust credit growth in the June 2026 quarter, with some lenders seeing advances surge significantly. However, a widening gap emerged as deposits declined for select banks like Bank of Baroda, IDBI, and RBL. Public sector banks maintained a steadier credit-deposit growth, while private lenders adjusted liabilities. Factors like a new credit guarantee scheme and supply chain issues fueled loan demand.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bJxT3vV
Indian equity benchmarks closed higher on Friday, buoyed by positive global sentiment, falling crude oil prices, and anticipation of a softer interest rate environment. The Nifty 50 and BSE Sensex both saw gains, with the Nifty 50 ending the week nearly 1% up. Realty and IT sectors led the gains, while PSU Banks and Auto sectors experienced declines. The rupee also strengthened against the dollar.
The proposal has gained traction following multiple meetings held over the past two weeks involving senior government ministers, officials from the Reserve Bank of India, banks and representatives of the gold industry, the report said.
Bank of Baroda has settled a major legal dispute, agreeing to pay $600 million to administrators of the collapsed NMC Health group. This out-of-court agreement concludes years of litigation concerning cross-border insolvency and alleged fraud following NMC's 2020 downfall. The payment will be distributed to creditors, with the bank's shares seeing a reaction to the news.
Top stock market recommendations: REC, Oberoi Realty, and Home First Finance Company India have been recommended by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management as top stocks to buy on July 2, 2026. He has also shared his views on Nifty and Bank Nifty.
