Topic
bank
Finance JPMorgan Chase on Track to Become World's First Bank With $1 Trillion Valuation
JPMorgan Chase shares hit a record high after posting the highest quarterly profit ever by a US bank, lifting its market capitalisation to around $919 billion. Analysts say the bank is within striking distance of becoming the world's first bank with a $1 trillion valuation, joining tech giants Tesla, Meta and Broadcom.
Finance IDBI stake sale back on table, government keen to speed up process with Fairfax, Emirates NDB in focus
The Indian government has resumed the process to sell its stake in IDBI Bank, holding high-powered meetings on Monday to accelerate the sale after previous bids were rejected for being below the reserve price. Two qualified bidders – Prem Vatsa's Fairfax and Emirates NDB – are under consideration. The Centre and LIC together hold a 94.7% stake and plan to sell 60.7%. The news lifted IDBI Bank shares nearly 3% to Rs 86.5 on BSE.
Finance Bank of Maharashtra Net Profit Surges 27% to Rs 2,023 Crore on Higher Interest Income and Improved Asset Quality
Bank of Maharashtra posted a 27% year-on-year increase in net profit to Rs 2,023 crore for Q1FY27, underpinned by higher net interest income and non-interest income. The bank's gross NPA ratio improved to 1.45% from 1.74%, while the board approved raising up to $500 million through bond issuances. Managing director Nidhu Saxena noted a focus on margin-conscious growth and an aspiration to mobilise FCNR(B) deposits by September 30.
Trade Finance Freight Payments: Why 120-Year-Old Bank Cass Has the Edge in Trade Finance
Cass, a 120-year-old federally regulated bank, stands out in freight payments by providing enhanced security, fraud prevention, and working capital solutions for enterprise shippers. EVP Tony Urban explains how the bank's regulatory status and use of AI help navigate market cycles and deliver transparent, invaluable services to the logistics industry.
Business Arvind Panagariya Calls for Dedicated Privatisation Ministry, Urges Reviving PSU and Bank Disinvestment
Arvind Panagariya has called for reviving the government's privatisation programme for PSUs and PSBs and advocated creating an independent privatisation ministry. He also noted strong gross FDI inflows rising to $94.5 billion in FY26 and expects FPI outflows to calm in FY27.