AGP Executive Report
Last update: 10 hours agoBank Earnings: ICICI Bank’s second-quarter profit rose 20.1% to ₹14,843 crore, beating estimates as lending expanded and bad-loan ratios improved, though margins narrowed. HDFC Bank’s profit climbed 4.7% to ₹19,510 crore, narrowly missing forecasts as treasury gains slumped and provisions rose. IDBI Bank: Profit fell 39% to ₹2,205 crore, but last year’s figure included a ₹1,699 crore one-off gain; excluding it, profit rose 14%. Net interest income increased 29% and asset quality improved. Yes Bank: The lender plans to seek Supreme Court review after the court overturned its ₹8,415 crore AT1 bond write-off, a ruling that could cut its core capital ratio by 250 basis points. IDBI Sale: The government says there is no legal bar to selling its stake as Fairfax’s ₹52,878 crore deal advances. HDFC Leadership: Deputy MD Kaizad Bharucha will leave on December 31 after more than three decades at the bank. Digital Banking: Major US banks are restricting AI agents from accessing customer accounts, citing risks around unauthorized transfers and deposit outflows.
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