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IDFC First Bank Q2 Net Profit Jumps to Rs 1,049 Crore on Strong Loan Growth

IDFC First Bank Q2 Net Profit Jumps to Rs 1,049 Crore on Strong Loan Growth

IDFC First Bank posted a consolidated net profit of ₹1,049.17 crore for the quarter ending September 30, 2026, alongside improved asset quality and loan growth.

Business ·24 Oct 2026, 15:06 ·Maeve Turner 3 min read
Kotak Mahindra Bank Q2 Profit Jumps 29% to Rs 4,212 Crore

Kotak Mahindra Bank Q2 Profit Jumps 29% to Rs 4,212 Crore

Kotak Mahindra Bank posted a 29% year-on-year surge in standalone net profit to Rs 4,212 crore for Q2FY27, supported by loan book growth and improving asset quality.

Business ·24 Oct 2026, 14:05 ·Maeve Turner 3 min read
Barclays Cuts 5,000 Jobs to Boost Automation and AI Efficiency

Barclays Cuts 5,000 Jobs to Boost Automation and AI Efficiency

Barclays is eliminating roughly 5,000 positions by the end of 2026 as part of a sweeping technology-driven efficiency drive.

Business ·22 Oct 2026, 12:09 ·Maeve Turner 3 min read
Barclays to cut 5,000 jobs as AI investment reshapes workforce

Barclays to cut 5,000 jobs as AI investment reshapes workforce

Barclays is eliminating 5,000 jobs by the end of 2026 as the bank accelerates its reliance on artificial intelligence and technology-driven efficiency.

Business ·22 Oct 2026, 10:05 ·Maeve Turner 4 min read
Banks say Healey is planning Budget tax raid on their profits

Banks say Healey is planning Budget tax raid on their profits

Senior banking executives anticipate targeted tax measures in the upcoming Budget as the government faces pressure regarding public finances.

Business ·15 Oct 2026, 23:41 ·Maeve Turner 3 min read
Banks Struggle to Digest the Mounting Debt Driving the AI Boom

Banks Struggle to Digest the Mounting Debt Driving the AI Boom

Global equity markets are reckoning with a massive liquidity squeeze as high borrowing costs collide with unprecedented infrastructure capital demands.

Business ·15 Oct 2026, 13:37 ·Maeve Turner 4 min read
China Shut Down 670 Lenders Amid Sinking Loan Growth

China Shut Down 670 Lenders Amid Sinking Loan Growth

Beijing has eliminated a record 670 regional lenders as falling credit demand and a troubled property sector expose severe vulnerabilities in China's rural banking system.

Business ·6 Oct 2026, 07:38 ·Maeve Turner 3 min read
Barclays to open new UK branches in Poole and Bishops Stortford

Barclays to open new UK branches in Poole and Bishops Stortford

Barclays is reversing a wave of high street closures by opening new bank branches in Poole and Bishops Stortford to support face-to-face services.

Business ·22 Sep 2026, 06:12 ·Maeve Turner 3 min read
US Senate Republicans release revised Clarity Act ahead of crucial crypto vote

US Senate Republicans release revised Clarity Act ahead of crucial crypto vote

Senate Republicans have unveiled a heavily revised draft of the Clarity Act, featuring stricter ethics rules and Trump's backing ahead of a high-stakes cloture vote.

Business ·15 Sep 2026, 00:13 ·Maeve Turner 3 min read
Macquarie Group names Greg Ward CEO as Shemara Wikramanayake to retire

Macquarie Group names Greg Ward CEO as Shemara Wikramanayake to retire

Greg Ward will become Macquarie Group's next CEO when Shemara Wikramanayake steps down in November 2026. The move follows Wikramanayake's 40-year career at the bank, during which the firm's market valuation grew significantly.

Business ·23 Jul 2026, 09:06 ·Maeve Turner 3 min read
Macquarie's high profile CEO Wikramanayake to retire, replaced by bank veteran

Macquarie's high profile CEO Wikramanayake to retire, replaced by bank veteran

Shemara Wikramanayake is stepping down as Macquarie CEO, with internal veteran Greg Ward appointed to succeed her to provide continuity in the firm's strategy.

Business ·23 Jul 2026, 03:33 ·Maeve Turner 4 min read