City Union Bank to Raise ₹500 Crore via QIP and Declares 200% Dividend
The board of City Union Bank has approved a capital infusion of ₹500 crore through a Qualified Institutional Placement (QIP) route. This strategic move, along with a significant dividend declaration, is aimed at strengthening the bank's capital base and rewarding shareholders as it prepares for the next fiscal growth phase.
Karur Vysya Bank Launches Premium Visa Credit Card Portfolio as FY26 Profit Hits ₹2,510 Cr
Karur Vysya Bank has introduced a new suite of four premium Visa credit cards—Aura, Samara, Altura, and Eternis—designed to capture the growing affluent consumer segment. This strategic launch aligns with the bank's record-breaking financial performance in FY26, where it achieved its highest-ever annual net profit.
Bank of Baroda Hits Record ₹20,021 Cr Net Profit in FY26; Advances Grow 16.2%
Bank of Baroda achieved a historic financial milestone in FY26, reporting its highest-ever annual net profit of ₹20,021 crore. The bank's performance was driven by robust growth in the Retail, Agriculture, and MSME segments, alongside a significant expansion in global business volume which surpassed the ₹30 lakh crore mark.
SBI Board Approves $2 Billion Foreign Currency Fund-Raising Plan for FY 2026-27
The Executive Committee of the Central Board of State Bank of India has approved a proposal to raise up to US$ 2 billion in long-term capital during the 2026-27 financial year. This fund-raising initiative, to be executed in single or multiple tranches, is designed to bolster the bank's capital position through international debt markets.
Tamilnad Mercantile Bank FY26 Net Profit Climbs to ₹1,338 Crore as Advances Surge 20%
Tamilnad Mercantile Bank Limited delivered a robust financial performance for FY26, characterized by double-digit growth in profitability and a significant beat on advances guidance. The bank is currently undergoing a leadership-led digital transformation while maintaining its strong traditional focus on MSME and gold loan segments.
Punjab & Sind Bank Reports Record ₹1,322 Cr Net Profit; Advances Surge 18% in FY26
Punjab & Sind Bank reached a historic milestone by reporting its highest-ever annual net profit of ₹1,322 crore for FY26. The bank demonstrated robust credit growth across retail and MSME segments while outlining a clear roadmap to reach a ₹4 Lakh crore business by FY29.