Latest news with #BaselIII
CairoScene
13 hours ago
- Business
- CairoScene
Saudi Arabia & UAE Lead MENA in Sustainable Bond Issuance
Saudi Arabia led the MENA region in sustainable debt issuance, accounting for 66 percent of total activity. Total issuance from the Kingdom reached USD 6.25 billion, a 25% year-on-year increase. Saudi Arabia led the Middle East and North Africa (MENA) region in sustainable debt issuance during the first half of 2025, accounting for 66% of total activity, according to Bloomberg's Capital Markets League Tables. Total sustainable bond and sukuk (Islamic bonds) issuance from the Kingdom reached USD 6.25 billion, marking a 25% year-on-year increase. The Saudi government issued USD 1.58 billion, while Al Rajhi Bank issued two sustainable sukuks totalling USD 1.7 billion. Other major contributions came from Saudi Electricity Company (USD 1.25 billion), Alinma Bank (USD 500 million), and Saudi Awwal Bank, which issued an Additional Tier 1 (AT1) sukuk worth USD 650 million. The United Arab Emirates (UAE) followed, contributing 34% of the region's sustainable debt activity with USD 3.22 billion. Key UAE issuance included USD 700 million from the National Central Cooling Company (Tabreed) and USD 500 million from real estate developer Omniyat. Islamic finance instruments dominated the regional market, with total sustainable sukuk issuances reaching USD 6.8 billion, a 17% year-on-year increase. AT1 instruments - which help banks meet capital requirements under the Basel III international regulatory framework - reached USD 3.15 billion, the highest first-half figure recorded in the past five years. The Basel III framework will begin phased implementation in the region from 2026. Despite strong performances from Saudi Arabia and the UAE, overall sustainable bond issuance in MENA declined by 4.4% year-on-year, totalling USD 9.47 billion, compared to USD 9.91 billion during the same period in 2024. The drop was largely due to reduced activity in Egypt and Qatar and the impact of higher global interest rates.
Business Standard
17 hours ago
- Business
- Business Standard
HDFC Bank Q1 PAT jumps 12.24% YoY; declares 1:1 bonus and special dividend
HDFC Bank's profit after tax (PAT) for the quarter ended June 2025 was at Rs 18155.21 crore, a growth of 12.24% over the quarter ended June 2024. Net interest income (interest earned less interest expended) for the quarter ended June 2025 grew by 5.4% to Rs 31440 crore from Rs 29840 crore for the quarter ended June 2024. Core net interest margin was at 3.35% on total assets, reflecting assets repricing faster than deposits, as against 3.46% for the prior quarter ended March 2025. Provisions and contingencies for the quarter ended June 2025 were Rs 14441.63 crore (including the floating provisions of Rs 9000 crore and additional contingent provisions of Rs 1700 crore mentioned above), as against Rs 2602.06 crore for the quarter ended June 2024. The bank's credit performance across all segments continues to remain steady, in a credit environment that remains benign. The bank has considered this as an opportune stage to enhance its floating provisions, which are not specific to any portfolio, nor meant for any specific anticipated risks, but act as a countercyclical buffer for making the balance sheet more resilient. Accordingly, the Bank has made floating provisions of Rs 9000 crore, and additional contingent provisions of Rs 1700 crore during the quarter. Gross non-performing assets were at 1.40% of gross advances as on June 2025 (1.14% excluding NPAs in the agricultural segment), as against 1.33% as on March 2025 (1.13% excluding NPAs in the agricultural segment), and 1.33% as on June 2024 (1.16% excluding NPAs in the agricultural segment). Net non-performing assets were at 0.47% of net advances as on June 2025 as against 0.43% as on March 2025 and 0.39% as on June 2024. The bank's average deposits were Rs 26,57,600 crore for the June 2025 quarter, a growth of 16.4% over Rs 22,83,100 crore for the June 2024 quarter, and 5.1% over Rs 25,28,000 crore for the March 2025 quarter. The bank's average CASA deposits were Rs 8,60,400 crore for the June 2025 quarter, a growth of 6.1% over Rs 8,10,600 crore for the June 2024 quarter, and 3.8% over Rs 8,28,900 crore for the March 2025 quarter. Gross advances were at Rs 26,53,200 crore as of June 2025, an increase of 6.7% over June 2024. Retail loans grew by 8.1%, small and mid-market enterprises loans grew by 17.1% and corporate and other wholesale loans grew by 1.7%. Overseas advances constituted 1.7% of total advances. The bank's total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.9% as on June 2025 (19.3% as on June 2024) as against a regulatory requirement of 11.9%. Tier 1 CAR was at 17.8% and Common Equity Tier 1 Capital ratio was at 17.4% as of June 2025. Risk-weighted Assets were at Rs 27,15,800 crore. The board has declared a special interim dividend of Rs 5 per equity share of Re 1, pre-bonus issuance. The board has approved issuance of bonus shares in the proportion of 1:1, i.e. 1 bonus equity share of Re 1 each for every 1 fully paid-up equity share held as on the record date, subject to approval of shareholders. HDFC Bank's consolidated net revenue was Rs 85350 crore for the quarter ended June 2025. The consolidated profit after tax for the quarter ended June 2025 was Rs 16260 crore. As of June 2025, the bank's distribution network was at 9,499 branches and 21,251 ATMs across 4,153 cities I towns as against 8,851 branches and 21,163 ATMs across 4,081 cities / towns as of June 2024.
News18
18 hours ago
- Business
- News18
ICICI Bank Q1 Results: Net Profit Rises 15.5% YoY To Rs 12,768 Crore
Last Updated: ICICI Bank Q1 Results: Its core net interest income increases 10.6 per cent to Rs 21,635 crore. ICICI Bank, India's second-largest private sector lender, on Saturday reported a 1.55 per cent year-on-year rise in its net profit to Rs 12,768.21 crore for the June 2025 quarter. Its standalone total income rose to Rs 51,451.81 crore, compared to Rs 45,997.70 crore in the year-ago period. Other income surged to Rs 8,504.90 crore from Rs 7,001.92 crore a year earlier. On a consolidated basis, ICICI Bank's net profit rose 15.9 per cent to Rs 13,558 crore in the June quarter this fiscal. The lender had reported a net profit of Rs 11,696 crore in the year-ago period. Its core net interest income increased 10.6 per cent to Rs 21,635 crore, while the other income, excluding treasury operations, recorded a 13.7 per cent surge to Rs 7,264 crore. The net interest margin narrowed to 4.34 per cent from 4.41 per cent a quarter ago, it said. The overall provisions, excluding the ones for taxes, came at Rs 1,815 crore compared to Rs 1.332 crore in the year-ago period, the bank said. The gross non-performing assets ratio improved to 1.67 per cent as of June 30 from 2.15 per cent a year ago. ICICI Bank's core operating profit rose 13.6 per cent year-on-year to Rs 17,505 crore, while profit before tax (excluding treasury gains) increased 11.4 per cent YoY to Rs 15,690 crore in Q1. As of June 30, 2025, total advances rose to Rs 13.64 lakh crore, while deposits grew 12.8 percent YoY to Rs 16.08 lakh crore. The average CASA ratio stood at 38.7 percent. The bank's capital adequacy ratio under Basel III norms stood at 16.31 percent, slightly lower than 16.55 percent in the March quarter. The board also approved the acquisition of ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) from ICICI Prudential Life Insurance Company, making it a wholly owned subsidiary of the bank. ICICI PFM had total assets of Rs 592.6 million and a net loss of Rs 35.4 million in FY25. The transaction, considered a related party deal but to be executed at arm's length, involves a cash consideration of Rs 203.5 crore and is subject to approvals from the RBI and PFRDA. The bank said this move aligns with its 'Customer 360' strategy and would enhance synergies in pension fund management. Ahead of the results, shares of ICICI Bank on Friday rose 0.56 per cent to end at Rs 1,426.7 on the NSE. view comments First Published: July 19, 2025, 15:36 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
20 hours ago
- Business
- Time of India
ICICI Bank Q1 Net Profit Up 15% on Broad-Based Income Growth; To Acquire Pension Subsidiary
Mumbai:ICICI Bank reported a 15.4% rise in standalone net profit to Rs 12,768 crore for the quarter ended June 30, 2025, compared with Rs 11,059 crore a year ago. The growth was driven by robust expansion in both interest and non-interest income, despite a sharp rise in provisions. In a separate development, ICICI Bank's board approved the acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Ltd (ICICI PFM) from ICICI Prudential Life Insurance Company Ltd. The deal, valued at Rs 203.5 crore, will make ICICI PFM a wholly owned subsidiary of the bank, subject to approvals from the RBI, PFRDA, and other regulators. The acquisition is intended to enhance synergies and expand the bank's presence in the pension fund management business. Total income for the quarter rose 11.8% year-on-year to Rs 51,452 crore. Interest income grew 10.1% to Rs 42,947 crore, led by an 8.1% increase in income from advances and a 73.3% jump in earnings from balances with the RBI and inter-bank funds. Other income climbed 21.5% to Rs 8,505 crore, supported by higher fees and treasury-related gains. On the expenditure side, interest costs rose 9.6% to Rs 21,312 crore, while operating expenses increased 8.2% to Rs 11,394 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologists Beg: Take These 4 Ingredients Before Bed to Burn Fat The Healthy Way Learn More Within this, employee expenses were up 8.5%, and other operating costs rose 8%. Despite the increase in total expenditure, operating profit before provisions grew 17% to Rs 18,746 crore. Provisions and contingencies rose sharply by 36.2% to Rs 1,815 crore. However, profit before tax still increased 15.2% to Rs 16,931 crore. The bank's capital adequacy ratio under Basel III stood at 16.31%, slightly higher than the 15.96% recorded a year earlier. Gross NPA ratio improved to 1.67% from 2.15%, while net NPA declined to 0.41% from 0.43%. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
United News of India
a day ago
- Business
- United News of India
IOB posts historic Rs 1,111 cr net profit in Q1 FY26
Bengaluru, July 18 (UNI) Indian Overseas Bank (IOB) today reported a record-breaking net profit of Rs 1,111 crore for the quarter ended June 30, 2025, marking a 75.57% year-on-year (Y-o-Y) growth from Rs 633 crore in the corresponding quarter last year. This is the highest-ever quarterly net profit in the bank's history. According to the financial results released today, the public sector bank also saw its operating profit surge by 40.70% to Rs 2,358 crore, while Net Interest Income (NII) rose 12.50% to Rs 2,746 crore. The Net Interest Margin (NIM) stood at 3.04%. IOB's total business grew 12.19% Y-o-Y to Rs 5.93 lakh crore, with total deposits up 10.75% to Rs 3.31 lakh crore and gross advances rising 14.05% to Rs 2.62 lakh crore. The bank's CASA deposits grew by 15% to Rs 1.45 lakh crore, with CASA ratio improving to 43.78%. Asset quality also improved significantly. Gross NPA fell to 1.97% (down 92 basis points Y-o-Y), and Net NPA declined to 0.32%. Provision Coverage Ratio rose to an impressive 97.47%. The slippage ratio dropped to 0.10%, while credit cost stood at a conservative 0.29%. IOB's Capital Adequacy Ratio (CRAR) under Basel III norms improved to 18.28%, with CET1 at 15.78%. Return on Assets (RoA) increased to 1.14%, and Return on Equity (RoE) jumped to 19.00%. Cost-to-income ratio improved by 754 basis points to 44.22%. Total recovery during the quarter rose 46.13% to Rs 851 crore, including Rs 629 crore recovered from written-off accounts. On the operational front, IOB expanded its domestic branch network to 3,345 branches, up from 3,250, and significantly increased Business Correspondent engagement to 10,872. Total customer touchpoints grew to 17,678 across India. IOB was ranked first among PSBs in June 2025 for outstanding customer service (CPGRAMS). The bank also launched several digital initiatives including QR-based feedback, WhatsApp banking, and organic farming cards. Further, IOB hosted a major FPO conclave in Madurai and signed an MoU with IIBF for a specialized MSME course. The bank was also recognized as a top performer under the Kalaignar Kaivinai Thittam MSME scheme and received a special citation under the EASE 7.0 reforms. Indian Overseas Bank's performance in Q1 FY26 reflects strong fundamentals, digital agility, and improved asset quality, positioning it well for sustained growth in the coming quarters. UNI BDN BM
