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Emkay Global Financial recommended reduce rating on AU Small Finance Banks with a target price of Rs 950 in its research report dated April 28, 2026.

Results indicate accelerating profitability, cleaner asset quality and improving efficiency

The bank delivered a standout quarterly performance, strengthening the case for premium valuations as it transitions to a universal bank

A simple mobile number hijack can give fraudsters full access to your OTPs, banking apps and savings before you even realise what's happened.

Gold prices remained stable on Tuesday. Investors are closely watching for developments in stalled peace talks between the United States and Iran. Key central bank decisions this week will also influence the market. Analysts have raised annual gold price forecasts due to strong central bank demand and economic uncertainty. Platinum and palladium price forecasts for 2026 have been lowered.

Banks faced significant trading losses in Q4 2025-26 due to rising interest rates and forex market corrections, impacting profitability. The Iran war has also clouded the business growth outlook, with lenders becoming cautious and focusing on portfolio protection over expansion. Credit growth is expected to decelerate.

Axis Bank shares fell 3% despite analysts maintaining a positive outlook, with 94% recommending 'Buy'. The bank's loan growth was strong, but provisions for the West Asia conflict rose significantly, impacting performance. Management's cautious approach to strengthening provisions, while improving asset quality, led to higher credit costs.

City Union Bank, one of the oldest private sector banks in India, reported a 25% growth in net profit during Q4FY 2026. The net profit stood at Rs360 crore compared with Rs288 crore a year earlier, the highest ever for a single quarter.

Tamilnad Mercantile Bank reported a 28% rise in Q4 profit driven by strong business growth, higher income and improved margins. Advances and deposits grew steadily, while asset quality strengthened, reflecting robust operational performance and sustained expansion across lending and deposit segments.

Indian banks are reducing workforce as digital transactions, automation and AI-led underwriting reshape operational models and improve efficiency.