Hotline 24/7
+91 70424 11677
Navneet Singal Aug 13 ,2023
Published In : EvoBreyta
Dubai lender exploring significant minority holding via primary capital infusion; RBL stock surged 21% in past month, over 64% in 6 months.
Published on: July 2, 2025
Hindi film producers are increasingly seeking insurance against piracy-related losses, especially for big-budget films, due to significant financial setbacks. Insurers are hesitant to underwrite this risk because quantifying piracy losses is challenging. While some advocate for stricter anti-piracy laws, others believe insurance could make producers complacent, adding to existing funding challenges within the industry.
Published on: July 1, 2025
Microfinance companies in India are increasingly turning to gold loans to diversify their portfolios and reduce risk, spurred by relaxed RBI regulations. Arohan Financial Services and Uttrayan Financial Services are actively exploring this market, while others consider loans against property. The shift allows NBFC-MFIs to have a larger non-microfinance portfolio, enhancing credit ratings and profitability.
Published on: July 1, 2025
MSME lending outpaced retail and services sectors in FY25, growing by 14.1% amid overall deceleration in bank credit. The surge was supported by improved asset quality, with a decline in subprime borrowers and gross NPA ratio. Government credit guarantee schemes like CGFMU and ECLGS facilitated credit flow to vulnerable enterprises, though with higher NPA ratios.
Published on: July 1, 2025
RXIL, a leading TReDS platform, has facilitated invoice financing exceeding ₹2 lakh crore for MSMEs, significantly improving their working capital cycles. In FY25, the platform enabled ₹80,500 crore in financing, benefiting over 44,000 MSMEs. RXIL aims to expand its corporate base and MSME network, targeting ₹1.25 lakh crore in bill discounting for FY26.
Published on: July 1, 2025
JM Financial has acquired the remaining 2.98% stake in JM Financial Credit Solutions Ltd (JMFCSL) from Moraine Master Fund LP, making it a wholly-owned subsidiary. The transaction, valued at approximately ₹88.97 crore, was completed on July 1st. This acquisition is expected to enhance JM Financial's consolidated profits and improve capital allocation within the group.
Published on: July 1, 2025
State Bank of India is focusing on digital growth. Chairman C S Setty says SBI will use digital tools and partnerships. The goal is to maintain market leadership. SBI celebrated its 70th anniversary with new initiatives. YONO app will expand to Singapore. SBI Scholar Quiz awarded Rs 50 lakh to students.
Published on: July 1, 2025
Bajaj Finserv, buoyed by India's economic growth, aims to reach 250 million customers in four years, exceeding its initial target. The company plans to leverage the expanding middle class and first-time borrowers, while managing risks associated with economic fluctuations. Recent acquisitions and the integration of AI technology are central to Bajaj Finserv's growth strategy.
Published on: July 1, 2025
Punjab National Bank (PNB) will waive penal charges for non-maintenance of minimum average balance (MAB) in all savings accounts, effective July 1, 2025. This initiative aims to support women, farmers, and low-income households by easing financial pressure and encouraging greater participation in formal banking. PNB reaffirms its commitment to inclusive banking and customer empowerment with this decision.
Published on: July 1, 2025
Saraswat Cooperative Bank seeks RBI approval to acquire New India Cooperative Bank, offering relief to depositors facing restricted access to their savings since February. The acquisition aims to protect depositors' interests fully, with Saraswat Bank Chairman Gautam Thakur highlighting the synergy between the two banks.
Published on: July 1, 2025
HDFC Bank's net banking app and UPI service experienced disruptions, leaving numerous users unable to conduct transactions or even log in. Downdetector reported nearly 1,000 user complaints, with affected customers turning to social media platform 'X' to voice their frustrations regarding the outage and seek assistance.
Published on: July 1, 2025
Nirmala Sitharaman advocates for MDB lending aligned with development goals. She spoke at the 4th International Conference on Financing for Development in Sevilla, Spain. India supports reforms to the international financial architecture. India questions frequent bailouts for Pakistan. Sitharaman highlights India's commitment to South-South and Triangular Cooperation. She emphasizes the need for enhanced climate finance.
Published on: July 1, 2025
Aptus Value Housing Finance announced Monday that CARE has upgraded its long-term bank facilities and non-convertible debentures rating to CARE AA from CARE AA-. The rating agency revised the outlook from stable to positive, acknowledging Aptus' consistent performance, strong asset quality, and robust capitalization.
Published on: July 1, 2025
MSME lending has surpassed retail as the primary driver of bank credit growth, experiencing a surge of 14.1% in FY 2024-25. This growth is supported by improved asset quality, with declining subprime borrowers and a reduced gross NPA ratio. Government credit guarantee schemes like CGFMU and ECLGS have further boosted credit flow to the sector, particularly benefiting vulnerable enterprises.
Published on: July 1, 2025
Finance Minister Nirmala Sitharaman lauded State Bank of India's digital transformation. She spoke on the bank's 70 years of service. SBI supports farmers, SHGs, and MSMEs. The bank has a large number of Jan Dhan and insurance scheme beneficiaries. SBI plans to solarise 4 million homes by FY27. Chairman C S Setty highlighted SBI's focus on technology and inclusive growth.
Published on: July 1, 2025
Indian banks may face challenges in the first quarter of fiscal year 2026. A report by IIFL Capital predicts weak loan growth and lower margins. Seasonally soft fee income and higher slippages could also impact performance. Overall profit after tax is expected to decline. Loan growth has slowed, except for MSME loans. Net interest margins are also likely to contract.
Published on: July 1, 2025
India's gold loan market has surged from USD 33 billion in FY19 to USD 83 billion in FY24, exhibiting a robust 20 per cent CAGR, driven by increased trust in formal lending channels and regulatory improvements. Digital technology and evolving customer attitudes, particularly among younger generations, are transforming the gold loan process.
Published on: July 1, 2025
Asian Infrastructure Investment Bank has invested in Aditya Birla Capital Limited. The investment is through Non-Convertible Debentures. The amount is Rs 1,301.25 crore. This will support India's renewable energy and e-mobility sectors. It will help India achieve its sustainability goals. The collaboration will also enhance Aditya Birla Capital's environmental and social governance.
Published on: June 30, 2025
The latest Financial Stability Report reveals a mixed bag for Indian household debt, with consumption-driven loans outpacing asset-building loans. While most loans are held by prime borrowers, stress is building in the sub-prime category. Monetary easing is expected to alleviate debt servicing burdens, but the accumulation of debt among lower-rated borrowers warrants close monitoring to ensure financial stability.
Published on: June 30, 2025
The Reserve Bank of India's report indicates that Indian banks are currently stable. Gross NPAs may rise to 2.5% by March 2027. Stress tests reveal the banking sector can withstand global economic shocks. Capital levels are projected to stay above regulatory minimums. Even under adverse conditions, banks are expected to maintain sufficient capital.
Published on: June 30, 2025
Indian banks, particularly private ones, are facing challenges with unsecured retail loans, evidenced by rising slippages and non-performing assets. While growth in this lending segment has slowed, it still constitutes a significant portion of overall retail loans. Public sector banks also show elevated stress in these loans, with a high share of special mention accounts.
Published on: June 30, 2025
SBI General Insurance and Starfin India have launched a hospital daily cash benefit plan for low-income families. This plan provides a fixed daily cash benefit during hospital stays due to illness or accidents, along with coverage for accidental death and partial disability.
Published on: June 30, 2025
Sumitomo Mitsui Banking Corporation (SMBC) is seeking regulatory approval from the CCI to acquire a 20% stake in Yes Bank, marking a significant cross-border investment in the Indian banking sector. This acquisition, valued at Rs 13,483 crore, will make SMBC the largest shareholder in Yes Bank, with SBI diluting a major portion of its stake.
Published on: June 30, 2025
The RBI reported a slowdown in bank credit to industry, growing at 4.9% in the fortnight ending May 30, 2025, compared to 8.9% the previous year. Non-food bank credit also decelerated to 9.8% from 16.2%. While some sectors like engineering and construction saw increased credit, agriculture and services experienced moderation, particularly in NBFCs.
Published on: June 30, 2025
Fintech cos' small-value personal loans are showing increased stress, with delinquencies rising to 3.6% by March 2025, particularly in Tier-3 cities and among younger borrowers. While fintechs hold a significant share of the personal loan market, growth in sanction volume and value has slowed. Despite this, digital credit remains popular among younger consumers and those in smaller towns.
Published on: June 30, 2025
FinTech non-banking firms achieved a record in personal loan sanctions for fiscal year 2025. They approved 10.9 crore loans, totaling Rs 1,06,548 crore. These lenders dominate loan volumes, meeting the demand for small loans. Younger consumers and those in smaller towns are driving growth. The FinTech loan portfolio reached Rs 73,311 crore. Women's participation is also improving in loan uptake.
Published on: June 30, 2025
IndusInd Bank has proposed Rajiv Anand, Rahul Shukla, and Anup Saha as CEO candidates to the RBI following a $230 million loss due to misaccounting, which led to the resignations of its CEO and deputy. The board has prioritized Anand, currently at Axis Bank, citing his experience. Shares of IndusInd Bank saw a slight increase amidst a year-to-date decline.
Published on: June 30, 2025
Published on: June 30, 2025
Amitabh Chaudhry of Axis Bank believes India's growth remains strong despite global issues. He anticipates increased credit demand following rate cuts. Japanese banks' entry signals confidence in India. New entrepreneurs will emerge, driving growth. Axis Bank addresses deposit challenges and focuses on strategic growth. The bank is open to microfinance opportunities and aims to improve its market position.
Published on: June 29, 2025
Karnataka Bank's MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao resigned following auditor concerns about expenses exceeding their authority. The board accepted their resignations and initiated a search for replacements, appointing Raghavendra Srinivas Bhat as COO. Auditors flagged Rs 1.53 crore in expenses needing ratification, raising corporate governance questions.
Published on: June 29, 2025
Jammu and Kashmir Bank has appointed Ketan Kumar Joshi as its new chief financial officer for a three-year term, replacing Fayaz Ahmad Ganai. Joshi brings over 20 years of experience in banking and finance, including his recent role as CFO at North East Small Finance Bank Ltd.
Published on: June 29, 2025
RBL Bank plans to boost its net interest margins. The bank will focus on higher-yielding retail assets. It will launch commercial vehicle and used car financing soon. The bank aims to expand into tier-II and III cities. RBL Bank will leverage digital tools for loan underwriting. It will also optimize existing staff for retail credit.
Published on: June 29, 2025
The finance ministry is encouraging public sector banks (PSBs) to list their subsidiaries on stock exchanges after boosting their operations. About 15 PSB subsidiaries or joint ventures are being considered for IPOs or divestment. State Bank of India may list SBI General Insurance and SBI Payment Services in the future.
Published on: June 29, 2025
Karnataka's Deputy CM, D K Shivakumar, criticized banks for not supporting central government schemes for entrepreneurs, particularly regarding collateral-free loans. He urged KASSIA to empower the next generation and address industry concerns about potential company relocations to other states, assuring that the government will prevent companies from leaving Karnataka.
Published on: June 28, 2025
Deposit mobilisation by banks saw a rise of 10.4% year-on-year till June 13. This growth surpassed the credit expansion of 9.6%. Consequently, the credit-deposit ratio for banks declined. Fixed deposit mobilisation increased due to expectations of deposit rate cuts. Reserve Bank of India reduced the repo rate. Banks' credit grew 9.6% year-on-year as of June 13.
Published on: June 27, 2025
Finance Minister Nirmala Sitharaman urged public sector banks to leverage the RBI's 50 bps rate cut to boost lending to productive sectors, aiming to sustain profitability momentum. PSBs reported a record cumulative profit of Rs 1.78 lakh crore in FY25. Banks are directed to maintain credit growth and enhance financial inclusion through government schemes while managing asset quality.
Published on: June 27, 2025
India requires substantial green financing. A report estimates a need for $1.3 trillion by 2030. Private sources are expected to contribute significantly. Decarbonising steel and cement sectors presents a major opportunity. Green bonds currently dominate GSS issuance. The government is actively issuing sovereign green bonds. Banks are exploring innovative financing structures.
Published on: June 27, 2025
Aditya Birla Capital Digital app faced a security breach. Hackers targeted their mobile application, ABCD. They stole digital gold worth approximately ₹1.95 crore. The theft impacted 435 customers. Users reported unauthorized sales of their gold holdings. An internal investigation was launched. The company filed a police report. Affected customer accounts were restored. Balances have been replenished following the incident.
Published on: June 27, 2025
India's workforce is large, but investment is lacking. Private sector expansion is low. Banks are less exposed to key industries. The Reserve Bank of India is trying to boost lending. Tycoons are distracted by their own issues. Smaller companies are still cautious. A US-India trade deal could help exports. Private credit is currently favored.
Published on: June 27, 2025
Public sector banks continued to lead in micro business lending with 45% market share while private banks dominated the small and medium business segments, the credit bureau said on Thursday, unveiling a MSMEx (micro, small and medium exposure) Spotlight Report.
Published on: June 26, 2025
The commitment to the RBI comes in the backdrop of the central bank's draft guidelines issued last October on 'Forms of Business and Prudential Regulation for Investments.' The guidelines say that core lending business should be undertaken by the bank while restricting lenders and their NBFC units from duplicating similar revenue streams.
Published on: June 26, 2025
New India Assurance Company Ltd. has been served a show cause notice by tax authorities demanding Rs 2,298 crore in Goods and Services Tax (GST) for the financial years spanning April 2018 to March 2023. The notice, issued on June 26, 2025, prompts the insurer to justify why the alleged GST demand should not be levied.
Published on: June 26, 2025
India has launched Sagarmala Finance Corporation Limited (SMFCL), its first maritime sector Non-Banking Financial Company. Registered with the RBI, SMFCL aims to address financing gaps by offering tailored financial solutions to ports, startups, and maritime institutions. With substantial Tier 1 capital, it will support strategic sectors like shipbuilding and cruise tourism.
Published on: June 26, 2025
Union Minister Sarbananda Sonowal inaugurated Sagarmala Finance Corporation Limited (SMFCL), India's first maritime sector NBFC. Registered with the RBI, SMFCL aims to bridge financing gaps and offer sector-specific solutions to empower ports, MSMEs, and institutions. This initiative aligns with the Maritime Amrit Kaal Vision 2047, fostering India's growth as a global maritime power.
Published on: June 26, 2025
The Reserve Bank of India (RBI) is encouraging banks to lower lending rates to ensure recent policy rate cuts are effectively passed on to borrowers. Financial conditions are favorable for this transmission, with banks already reducing rates following earlier cuts. A CRR reduction is expected to inject liquidity, further lowering banks' costs and aiding monetary policy transmission.
Published on: June 26, 2025
Sundaram Home Finance is expanding its presence in Madhya Pradesh, inaugurating new branches in Pithampur and Ratlam. Targeting Rs 300 crore in disbursements this fiscal year, this move aligns with their strategy to tap into growth opportunities in Tier II and III towns beyond South India.
Published on: June 26, 2025
Aalok Shah has been promoted to Head of Global Advisory including investment banking, India, at Rothschild & Co, succeeding Chandresh Ruparel. Shah, with the company since 2006, will lead the next phase of growth for the advisory business in India. Ruparel will transition to Senior Adviser after 22 years, providing strategic counsel and mentoring.
Published on: June 25, 2025
Financial Services Secretary M Nagaraju stated that banks are stable but need customer service improvements. Punjab & Sind Bank launched new branches, a CASA back office, and digital lending for MSMEs on its 118th foundation day. The bank also introduced TAB Banking, a revamped call center, and new products for students and farmers, focusing on customer-centricity and digital transformation.
Published on: June 25, 2025
Credit card spending saw a boost in May, reaching ₹1.9 lakh cr. This marks an increase from the previous year. New card issuances also rose, hitting a four-month high. Transaction volumes increased significantly. HDFC Bank and SBI Cards led in new card issuances. However, some lenders like ICICI Bank and RBL Bank experienced a decline in their card base.
Published on: June 24, 2025
The government has demoted Pankaj Dwivedi from Executive Director of Union Bank of India to General Manager, reversing his March 2024 appointment. This decision follows a pending case in the Delhi High Court questioning the appointment's validity due to the absence of vigilance clearance. A public interest litigation challenged Dwivedi's appointment, prompting the court to issue notices to relevant authorities.
Published on: June 24, 2025
