Banking Sector

Banking and life insurance stocks came under pressure after the RBI proposed tighter rules on bundling insurance with loans. The move could slow sales of high-margin credit protection policies, potentially affecting insurers’ profitability and banks’ commission income.

A Strong Week – Driven By Broad-Based Rally

The gross non-performing asset (GNPA) ratio was 3.18% in the September quarter, compared to 3.32% in the June quarter.

HDB Financial Services, founded in 2007, offers secured and unsecured loans and operates more than 1,680 branches across India.

However, the Joint Forum, which represents a tiny but substantial section of the workforce, has decided to proceed with its strike plans.

This new approval comes on top of the ₹5,000 Crore already raised earlier in the financial year 2024-25.

According to BSE block deal data, UBS Group's unit, UBS Principal Capital Asia, bought 30.72 lakh shares of Mumbai-based HDFC Bank.

Shri C S Setty, Chairman of SBI, emphasised the increased participation and diversity of bids, demonstrating investors' trust in the bank.

Gross non-performing assets (NPAs) ratio fell considerably, with the lender lowering its FY25 gross NPA projection to 4% from 5% previously.

Tata Power Solar & Bank of India partner to provide affordable financing to accelerate installation of Rooftop Solar and EV Charging Stations.