Indian banks are strengthening their finances. They are creating special funds to handle risks from the West Asia crisis. This proactive step aims to protect against potential credit issues. Banks like Axis Bank, Union Bank of India, Indian Overseas Bank, and Indian Bank are setting aside significant amounts. This move ensures resilience and prudent risk management amid global uncertainties.

India Business News: Chennai: Indian Overseas Bank's annual net profit crossed Rs 5,000 crore for the first time, with the public sector lender reporting FY26 profits at R.

Chennai: Indian Overseas Bank's annual net profit crossed Rs 5,000 crore for the first time, with the public sector lender reporting FY26 profit at Rs.

Mumbai: State-owned Indian Overseas Bank (IOB) on Wednesday reported a 45.51 per cent rise in consolidated net profit to Rs 1,556.15 crore in Q4 FY26, driven by growth in core interest income and...

The analyst advised caution on these stocks, noting that all four lenders are trading below their 200-DMA.

A breakout above ₹42–₹45 could mark the beginning of a trend reversal, according to the analyst.

Tech Mahindra, ITC Hotels, and  L&T Technology Services, among other companies, are expected to report their quarterly results later in the day

Muted global cues indicate a subdued start for Indian markets. Vedanta’s demerger delay, Nykaa’s block deal are in focus.

The government is considering stake sales in select PSU banks, which may increase liquidity and valuations, according to the analyst.