Indian banks are projected to reduce dividend payments in fiscal year 2026 due to squeezed profitability from slowing loan growth, according to S&P Global Market Intelligence. The total dividend payout of 12 major banks is expected to decline by 4.2% to $5.98 billion. HDFC Bank and Bank of Baroda are anticipated to cut dividends, while SBI’s payout will remain stable.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.