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Banking/Finance-Industry-Economic Times
The Indian financial market is buzzing with activity, witnessing an impressive wave of transactions worth $8 billion. Foreign banks are stepping up their game, securing major stakes in local lenders. This influx of capital underscores an exciting chapter in India's economic narrative, as leading players broaden their horizons and enhance their market clout.
Published on: October 24, 2025
Federal Bank's Board has approved the sale of a 9.99% stake to a Blackstone affiliate for Rs. 6,196.5 crore through preferential equity shares and warrants. This strategic transaction will see Asia II Topco XIII Pte. Ltd. acquire the stake, with the bank also granting Blackstone the right to nominate a director upon warrant exercise.
Published on: October 24, 2025
India's central bank, the RBI, is examining delays in international money transfers reaching bank accounts. This review aims to speed up payments for people. India receives the most remittances globally. The RBI is also working with other countries to link payment systems for easier money transfers.
Published on: October 23, 2025
Banking system liquidity turned negative for the first time in a month, primarily due to Reserve Bank of India's foreign exchange intervention in the spot market. Currency leakage during the festive season also contributed to the deficit, leading to a gap of ₹52,299.7 crore as of October 22.
Published on: October 23, 2025
The National Payments Corporation of India has acknowledged certain hurdles with the recently implemented continuous cheque clearing system, established by the Reserve Bank of India to enhance the efficiency of cheque processing. Although the majority of cheques have been successfully handled, some banking institutions and the central clearing system are still addressing minor technical glitches.
Published on: October 23, 2025
In a remarkable achievement, State Bank of India has clinched two prestigious awards from Global Finance. The bank is distinguished as the World's Best Consumer Bank 2025 and Best Bank in India 2025. These awards reflect SBI's unwavering dedication to innovation and exemplary customer service.
Published on: October 23, 2025
The Reserve Bank of India is shaking up the financial landscape with a groundbreaking rule coming into effect next fiscal year. Beginning then, all over-the-counter derivative trades related to rupee interest rates and foreign exchange currencies will need a Unique Transaction Identifier. This identifier is designed to offer regulators better insights into transaction trends and market health.
Published on: October 23, 2025
In a remarkable expansion of its wealth management portfolio, Choice International Ltd has made key acquisitions that solidify its position in the investment landscape. The takeover of Fintoo Group's distribution arm injects a notable Rs 300 crore in assets into their operations.
Published on: October 23, 2025
Starting November 1, 2025, bank customers can nominate up to four people for their accounts. This change, part of the Banking Laws Amendment Act 2025, aims to simplify and speed up claim settlements. Depositors can choose simultaneous or successive nominations. This move enhances transparency and efficiency across the banking system for account holders and their beneficiaries.
Published on: October 23, 2025
State Bank of India has been honored with two prestigious Global Finance awards: World's Best Consumer Bank 2025 and Best Bank in India 2025. These accolades recognize SBI's commitment to innovation, financial inclusion, and customer excellence, highlighting its technological leadership and extensive service reach across India.
Published on: October 23, 2025
Small finance banks have approached the Reserve Bank of India with key requests. They want the regulator to ease a rule requiring half their loans to be under ₹25 lakh. They also seek permission to participate in co-lending arrangements. These changes aim to help SFBs expand their reach and serve more businesses, particularly MSMEs.
Published on: October 22, 2025
UCO Bank is thrilled to announce the launch of 150 new branches before the end of March, boosting its total network to an impressive 3,472 locations. With a commitment to exceptional service, the bank is not only revamping its branch environments but also actively recruiting top-notch talent in IT, digital innovation, and cybersecurity.
Published on: October 22, 2025
In a significant ruling, a Mumbai court has denied bail to Hitesh Mehta, the former general manager of New India Co-Operative Bank, who faces serious allegations in a Rs 122-crore embezzlement scheme. The court highlighted the extensive financial implications and the gravity of the charges against him.
Published on: October 22, 2025
DBS Bank India CEO Rajat Verma outlines plans to significantly boost retail and SME banking, aiming for these segments to eventually comprise over 50% of its loan book. The bank is focusing on growth in gold loans and mortgages, alongside expanding its corporate and wealth management offerings, leveraging its global expertise.
Published on: October 21, 2025
Indian banks face a transformative decade ahead. Technology, especially AI, will be key. Changes in deposits and credit access are expected. Banks must adapt to new risks like cyber threats and climate change. This period will be a fight for relevance. Strong digital infrastructure and government support provide a good base.
Published on: October 21, 2025
Eight of the 24 banks reporting Q2 earnings have seen sequential improvements in net interest margins (NIMs), signaling a potential bottoming out of this key profitability metric. Indian Overseas Bank led the pack, with its NIM rising 21 basis points to 3.21% following a business re-engineering initiative that increased MCLR-linked loans. Federal Bank also reported strong growth, with NIM up 12 basis points to 3.06%.
Published on: October 21, 2025
Emirates NBD is gearing up for a bold investment in RBL Bank, a decision that promises to infuse the bank with vital financial vigor. Market analysts are eagerly awaiting the green light from regulators and insight into the strategic vision from the new ownership.
Published on: October 20, 2025
Punjab National Bank anticipates a 90 billion rupee impact from new credit loss rules by 2031. The Reserve Bank of India's expected credit loss framework requires banks to set aside funds for potential defaults. This transition will affect the bank's capital to risk assets ratio. However, PNB expects to manage these requirements through its operational profits.
Published on: October 20, 2025
Indian banks are attracting significant foreign investment, with billions of dollars flowing into the sector. Deals worth approximately $15 billion have been struck this year. Global investors are seeking opportunities in India's rapidly growing economy. This trend highlights the country's stable financial system and robust regulators. Policymakers are also exploring ways to further encourage foreign investment.
Published on: October 20, 2025
Government is urging public sector banks to tackle employee stress. This follows concerns over work pressure, targets, and staff shortages. Banks must now identify issues and create clear action plans. These efforts will be part of the EASE 8.0 reforms agenda. The focus is on building a resilient and engaged workforce. Banks are launching well-being initiatives and health index surveys.
Published on: October 19, 2025
Emirates NBD is acquiring a 60% stake in RBL Bank for $3 billion. This significant deal will allow RBL Bank to launch a wealth management business. The transaction is expected to be completed in five to seven months. RBL Bank will become a listed subsidiary of Emirates NBD. This move strengthens India's midsize banks and attracts foreign investment.
Published on: October 19, 2025
HDFC Bank sees artificial intelligence as an opportunity, not a threat to jobs. The bank's chief executive Sashidhar Jagdishan believes AI will help redeploy staff from backend operations to customer-facing roles. This strategic shift aims to enhance customer engagement and innovation. HDFC Bank is conducting experiments with generative AI, expecting benefits in the next 18 to 24 months.
Published on: October 19, 2025
Primary capital will be raised via preferential allotment. The open offer will get triggered for additional 26% stake, giving Emirates bank a majority in RBL board.
Published on: October 18, 2025
A Belgian court has approved the extradition of fugitive diamantaire Mehul Choksi to India, a key figure in the 2018 PNB scam. Choksi's international journey involved fleeing India, settling in Antigua, a mysterious disappearance, and subsequent arrest in Dominica. His extradition marks a significant step towards his trial in Indian courts.
Published on: October 18, 2025
Karur Vysya Bank achieved a significant milestone, crossing Rs 2 lakh crore in total business by the end of the July-September 2025 quarter. The bank reported a net profit of Rs 574 crore for the quarter, a notable increase from the previous year.
Published on: October 18, 2025
Small finance banks reported lower profits this quarter. Higher credit costs and expenses impacted their earnings. AU Small Finance Bank, Jana, and Ujjivan all saw their net interest margins contract. Despite these challenges, the banks expressed confidence in improving credit quality from unsecured lending in the coming months. Loan books showed growth, with a focus on secured assets.
Published on: October 17, 2025
Public sector banks Uco Bank, Central Bank of India, and Bank of India reported increased net profits in the September quarter, driven by higher interest income and reduced provisions. Despite a dip in net interest margins, all three banks saw loan growth outpace deposit growth, indicating a positive operational trend.
Published on: October 17, 2025
Small finance banks faced profitability pressures in the second quarter due to higher credit costs and expenses. AU Small Finance Bank saw a dip in net profit, while Ujjivan and Jana reported significant drops. Lenders expressed confidence in improving credit quality from unsecured business in the coming quarter.
Published on: October 17, 2025
Dixon Technologies reported an 81% surge in net profits to Rs 746 crore in Q2FY26, driven by new contracts for mobile phones and wearables. The company is investing Rs 3,000 crore in component manufacturing over the next two-three years to mitigate margin pressure post-smartphone PLI scheme. IT hardware revenues also saw a significant jump, with aspirations for substantial growth.
Published on: October 17, 2025
Canara Bank has reduced its stake in Canara HSBC Life Insurance Company Limited from 51% to 36.5% through an Initial Public Offering (IPO). The insurance arm debuted on the NSE and BSE on October 17, 2025. This strategic divestment aims to unlock value and introduce the company to public investors.
Published on: October 17, 2025
Department of Financial Services Secretary M Nagaraju urged heads of state-run banks to accelerate the listing of their subsidiaries on stock exchanges. He emphasized that IPOs unlock shareholder value and enhance corporate governance, encouraging broader public participation in wealth creation. Nagaraju also stressed the importance of timely claims settlement for insurers to boost penetration and financial inclusion.
Published on: October 17, 2025
Union Finance Minister Nirmala Sitharaman has directed rural banks to boost agricultural credit. She emphasized focusing on new rural economic opportunities and supporting Farmer-Producer Organisations. Sitharaman also called for improved operations and technology adoption to strengthen financial health.
Published on: October 17, 2025
IndusInd Bank on Friday clarified that the reported Rs 255 crore accounting irregularity is not part of any new investigation. The figure was included in a report submitted by an independent external agency in April 2025. In a filing, the bank said it has made all necessary disclosures and reflected the impact of these discrepancies in its audited FY 2024-25 financial statements.
Published on: October 17, 2025
Sumitomo Mitsui Banking Corporation has decided to cap its investment in Yes Bank at 24.99%, choosing to solidify its presence as the principal shareholder without stepping into an executive role. The Japanese lender is dedicated to overseeing Yes Bank's progress in tackling essential issues, with their current stake at 24.2%. This decision highlights SMBC's focus on governance and strategic guidance.
Published on: October 17, 2025
Mumbai police's EOW is investigating IndusInd Bank for alleged accounting irregularities, focusing on Rs 255 crore in unsubstantiated entries. These entries, unearthed by a forensic auditor, are suspected to have been used to inflate net income and overstate assets. Key management personnel are being summoned to explain these findings.
Published on: October 17, 2025
Sanjay Malhotra, the chief of India's Reserve Bank, is on a mission to enhance global access to digital platforms that serve the public good. He brought attention to MOSIP, India's innovative open-source digital identity solution, gaining traction in 27 countries. The RBI is also integrating India's UPI with payment systems from various nations to streamline cross-border remittances.
Published on: October 16, 2025
The National Company Law Tribunal has ordered the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following a default on dues to IDBI Bank. The company, a subsidiary of the already distressed Wind World India Limited, argued its revenue source was cut off by its parent's resolution professional.
Published on: October 15, 2025
RBL Bank will weigh a fundraising initiative on October 18 that could see the issuance of equity shares or related securities. Sources indicate that Emirates NBD Bank is exploring the possibility of acquiring a stake through a preferential share issue, with informal backing from the Reserve Bank of India.
Published on: October 15, 2025
A study reveals most Indian loan defaults are preventable with timely borrower support. Lenders often lose significant value by not intervening early. Financial wellness platform Zavo found 90-95% of borrowers could clear dues within 90 days if offered structured help, highlighting medical emergencies and job loss as key triggers. Early, targeted interventions are crucial.
Published on: October 15, 2025
A new cheque clearing system, intended for same-day clearance, is facing significant delays and rejections due to initial technical glitches and poor image quality. Customers report cheques taking over a week to clear, disrupting business finances. While the National Payments Corporation of India states most issues are resolved, some customers are still experiencing prolonged waits for their funds.
Published on: October 15, 2025
RBI Deputy Governor Swaminathan J highlights new digital risks. Algorithmic decisions and platform concentration pose threats to the financial system. India's digital public infrastructure, including India Stack, supports financial inclusion. The RBI encourages responsible innovation, balancing progress with resilience and customer protection. Financial institutions must embed digital risk awareness into their governance.
Published on: October 15, 2025
Pahal Financial Services has acquired a Rs 700-crore loan portfolio and its delivery network from Sub-K Impact Solutions. This strategic move significantly boosts Pahal's book to Rs 2300 crore, positioning it among the top NBFC-MFIs. The acquisition expands Pahal's reach into four new states, while Sub-K will continue its customer service point operations.
Published on: October 15, 2025
The Reserve Bank of India's new T+0 cheque clearing system is now stable. Initial problems encountered during the transition have been resolved. The National Payments Corporation of India is working with banks to address any remaining issues. This ensures same-day credit for presented cheques. The system was launched on October 4.
Published on: October 14, 2025
In a bid to enhance investor experience, the Investor Education and Protection Fund Authority is set to evaluate a proposal that would streamline the transfer process for small investors holding outdated shares. The initiative intends to allow swifter transfers for physical shares worth up to ₹5 lakh and dematerialised shares valued at ₹15 lakh.
Published on: October 14, 2025
Public sector banks are showing renewed strength and resilience. Credit growth now surpasses private banks. This improvement stems from better due diligence and credit standards. Customers are returning due to increased efficiency and transparency. Banks are urged to support MSMEs and startups. Specialised branches are being launched to offer sector-specific financial solutions and drive inclusive growth.
Published on: October 14, 2025
A bank employees' union has raised concerns about the new same-day cheque clearing system, citing software glitches and inadequate staff training that are causing extended work hours and impacting customer service. The National Payments Corporation of India acknowledged "teething issues" but stated most problems have been resolved.
Published on: October 14, 2025
RBL Bank has denied a news report about Emirates NBD Bank seeking a majority stake. The bank stated the article's contents are incorrect. RBL Bank is on a growth path and explores opportunities to boost shareholder value. Such discussions do not require immediate disclosure. RBL Bank shares touched a 52-week high following the report.
Published on: October 14, 2025
HSBC India has launched HSBC Digital Merchant Services. This new solution simplifies payment processes for online businesses. Merchants can now manage various payment methods through a single platform. This includes cards, UPI, and net banking. The service aims to reduce operational costs and improve transaction insights. Mahanagar Gas Limited is an early user of this integrated payment solution.
Published on: October 14, 2025
NPCI International Payments Ltd (NIPL) has partnered with NTT DATA Japan to enable UPI acceptance in the Japanese market. This collaboration will allow Indian tourists to make seamless QR code payments at merchant locations acquired by NTT DATA. The MoU aims to enhance the digital payment experience for Indian travelers in Japan.
Published on: October 14, 2025
Indian banks and their overseas branches can now lend in Indian Rupees to residents of Bhutan, Nepal, and Sri Lanka, including their banks, to boost cross-border trade. This move, aimed at facilitating external trade and payments, follows recent RBI amendments to foreign exchange regulations.
Published on: October 13, 2025
