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Mahindra & Mahindra and Manulife have agreed to form a 50:50 life insurance joint venture, pending regulatory approval. This partnership aims to enhance financial wellbeing in India by leveraging Mahindra's rural reach and Manulife's urban agency expertise. The venture will offer tailored savings and protection solutions, aspiring to be the leading life insurer for rural and semi-urban India.
Published on: November 13, 2025
Kinara Capital is negotiating a debt recast with international lenders for approximately ₹1,150 crore. The company is also finalizing a one-time settlement with domestic lenders. Kinara aims to raise about ₹200 crore from strategic investors to strengthen its capital base. The firm has stopped new lending and is focusing on collections.
Published on: November 12, 2025
Life insurers are experiencing a surge in demand for pure protection products. This follows the government's decision to remove GST on individual term insurance. Companies like HDFC Life, Axis Max Life, and SBI Life report significant growth in their protection segments. This trend is expected to continue, making term insurance more affordable and accessible for first-time buyers.
Published on: November 12, 2025
In the initial half of FY26, state-owned banks showcased impressive profitability alongside a decline in bad loan ratios. The finance ministry encouraged these institutions to attract more low-cost deposits and boost lending to MSMEs and the agriculture sector. Additionally, banks received recommendations to bolster their risk management frameworks and accelerate their digital transformation efforts.
Published on: November 12, 2025
In a recent announcement, the Mumbai Police Economic Offences Wing has concluded its investigation into the accounting discrepancies at IndusInd Bank, reporting a lack of evidence for any fund misappropriation. Consequently, no criminal charges will be filed against former high-ranking officials.
Published on: November 12, 2025
Nitesh Rai, the accused manager, allegedly, in collusion with cybercriminals, accepted illegal gratification to process account opening forms and create channels for the movement and layering of cyber crime proceeds.
Published on: November 12, 2025
Irdai is scrutinizing the discrepancy between settled health insurance claims and the actual amounts paid, as over half of ombudsman complaints stem from this sector. Chairman Ajay Seth emphasized the need for prompt, fair, and transparent claim settlements from insurers to rebuild policyholder trust.
Published on: November 12, 2025
The Reserve Bank of India's (RBI) November 2019 guidelines on the compensation of key managerial personnel direct banks to establish a clawback mechanism for variable pay to address misconduct risk and ensure compliance with all relevant statutory and regulatory requirements. The clawback clauses feature in the employment contracts of the executives concerned, allowing the bank to launch recovery of compensation in cases of proven misconduct or violations of company policy, said officials in the know.
Published on: November 11, 2025
Digipay will help improve profitability of UCBs, as it will bring down their Unified Payment Interface, or UPI, transaction costs, reducing switch charges to Rs 0.05 to Rs 0.50 per transaction from Rs 0.05 to Rs 3 currently, said chief executive of NUCFDC, Prabhat Chaturvedi. Digiloan introduces a digital loan origination system that lets UCBs process, verify, and sanction loans online.
Published on: November 11, 2025
Lenders aggressively sold bad loans in September quarter. Retail bad loan sales nearly doubled. Corporate bad loan sales also saw a significant increase. This move reflects a focus on cleaning balance sheets. The trend is expected to continue in upcoming quarters. Asset reconstruction companies are adapting to this shift.
Published on: November 11, 2025
The remainder will be for co-investments by IFC and Everstone. Singapore-headquartered Everstone Capital has funds under management of $8 billion. It invests in mid-market companies in healthcare, pharmaceutical, tech and business services, consumer, financial services, and industrial sectors.
Published on: November 11, 2025
India's life insurance market is witnessing an impressive upswing, highlighted by a 12.1% rise in new business premiums in October 2025. This recovery is largely attributed to a boost in individual policies along with a recent GST reduction.
Published on: November 11, 2025
IndusInd Bank has initiated a process to recover salary and bonuses from its former CEO Sumant Kathpalia and deputy CEO Arun Khurana after an internal review found misconduct and misreporting linked to a $230 million accounting hit from derivative trades earlier this year.
Published on: November 11, 2025
Leading Indian banks, including State Bank of India and Punjab National Bank, are collaborating on a unified strategy. They aim to enter the lucrative mergers and acquisitions financing market. Banks will also advocate for relaxed Reserve Bank of India guidelines. This move will allow them to participate in deal financing from April 2026.
Published on: November 11, 2025
Allen Forlemu, interim regional vice president, Asia Pacific at IFC, said this investment aligns with India's vision of 'Insurance for All by 2047' and will strengthen India's life insurance industry by building confidence in capital instruments, attracting institutional and foreign investments, and creating jobs across the value chain. In the FY26 budget, the government announced 100% foreign investment in the insurance sector.
Published on: November 10, 2025
October brought promising news for health insurance companies, as they enjoyed a substantial upswing in premium income, surpassing the growth of the general insurance market. This trend was largely fueled by the government’s move to exempt individual health policies from GST, making them more accessible to consumers.
Published on: November 10, 2025
Public sector banks are refining recruitment and training to emphasize local languages. This move addresses demographic disparities, particularly between northern and southern India. Finance Minister Nirmala Sitharaman highlighted the need for branch staff to speak local dialects. Banks are implementing new strategies, including longer tenures for local officers, to improve customer interaction across the nation.
Published on: November 10, 2025
A nationwide financial inclusion drive has successfully enrolled over 1.11 crore new PM Jan Dhan accounts. The campaign also saw significant uptake in insurance and pension schemes, with millions enrolling in PMSBY, PMJJBY, and APY. Organized camps across the country aimed to bring all eligible citizens under these key financial initiatives, boosting grassroots financial access.
Published on: November 10, 2025
Union Cooperation Minister Amit Shah launched Sahakar Digi Pay and Sahakar Digi Loan apps for urban cooperative banks. Digital payment adoption is crucial for their survival. The minister urged for expansion, setting a target of one additional UCB in every town with over two lakh population within five years.
Published on: November 10, 2025
IndusInd Bank MD and CEO Rajiv Anand said the bank is rebuilding its culture by hiring “high-integrity professionals” across key roles, including a new CFO, internal audit head, general counsel and chief risk officer. The overhaul aims to strengthen governance and controls as the bank targets improved performance by FY27.
Published on: November 10, 2025
A surge in bank profitability is on the horizon, fueled by robust loan growth and diminishing interest expenses. Lower Cash Reserve Ratio requirements coupled with a boost in unsecured loans are expected to contribute positively. Additionally, net interest margins are on a path to stabilization.
Published on: November 10, 2025
Authum Investment and Infrastructure, Northern Arc, DMI Housing, Kifs Housing Finance and Omkara Asset Reconstruction Company are among others in fray for the asset, said the people cited above. Authum has given an offer of Rs 750 crore, which includes Rs 450 upfront and remaining staggered over two years, while Northern Arc has offered Rs 625 crore, of which Rs 325 crore is upfront and the remaining will be paid in two years, said the people cited above.
Published on: November 9, 2025
Aadhar Housing Finance Ltd is engaged in the provision of home loans/housing finance and loans against property in India. It is also registered as a corporate agent (Composite) with the Insurance Regulatory & Development Authority of India and distributes life and general insurance products.
Published on: November 7, 2025
Chairman CS Setty said that the goal of the bank, the biggest government asset by market capitalisation, is boosting its value further. While HDFC Bank has in the past broken into the top 10 leaderboard, it might find future company in ICICI Bank and SBI. Setty was speaking to reporters on the sidelines after the completion of the 12th Banking and Economic Conclave organised by SBI.
Published on: November 7, 2025
AU Small Finance Bank has launched 'M' circle, a specialized banking proposition for women, addressing their growing focus on wealth creation, legacy preservation, and lifestyle. This exclusive offering provides benefits beyond premium accounts, including discounts on locker rentals, preferential loan rates, and access to exclusive lifestyle and healthcare services.
Published on: November 7, 2025
Revenue from operations during the second quarter of FY 2025-26 increased to Rs 13.39 crore as compared to Rs 10.59 crore in the corresponding period last year, a Y-o-Y rise of 26.5 per cent. Total income was Rs 42.62 crore against Rs 6.69 crore in the year-ago period.
Published on: November 7, 2025
K.V. Kamath of Jio Financial Services believes India is entering a "China 2005 moment," poised for significant growth driven by strong banks and reforms. He anticipates sustained 7-8% growth, with aspirations for 10%, enabling India's transition to a developed nation by 2047. Kamath highlighted the financial sector's strength and the need for banks to embrace technology strategically.
Published on: November 7, 2025
India aims to build global-scale banks. This consolidation of PSBs will create mega institutions. These banks will finance the nation's growing infrastructure, manufacturing, and technology needs. The move supports India's vision of becoming a developed economy by 2047. Stronger, larger banks are essential for sustained rapid growth and global competitiveness.
Published on: November 7, 2025
Finance Minister Nirmala Sitharaman urged public sector banks to prioritize regional language proficiency for employees, advocating for its inclusion in performance appraisals. She stressed the importance of personal connect with customers, advising banks to reduce excessive documentation and leverage local language skills for better customer service and business growth.
Published on: November 7, 2025
The Reserve Bank of India's Governor Sanjay Malhotra has clarified that relaxed external commercial borrowing limits apply only to FDI-compliant real estate projects, not speculative ventures. He also indicated that banks may soon be allowed to finance acquisitions, a move expected to benefit the real economy.
Published on: November 7, 2025
RBI Governor Sanjay Malhotra said that SBI’s turnaround from losses in 2018 to a USD 100 billion valuation reflects decade-long regulatory and structural reforms. He credited measures like IBC, PCA, AQR, and bank consolidation for strengthening India’s banking system.
Published on: November 7, 2025
Fee income for both State Bank of India and HDFC Bank rose more than 25% in the past quarter. The top state-run and private sector banks had posted a 16% and nearly 19% rise, respectively, in fee income in the three months ended December 31, the last quarter before the Reserve Bank of India (RBI) started its rate-cutting cycle.
Published on: November 6, 2025
Axis Bank is revaluing its finance arm, Axis Finance. This follows eased rules from the Reserve Bank of India. The bank now plans to sell more than 26 percent of the subsidiary. This move could lead to a valuation exceeding two billion dollars. Axis Finance is growing well and requires capital for expansion.
Published on: November 6, 2025
SBI is implementing a new system to help its employees speak with customers in local languages. Artificial intelligence tools will assist in this transition and speed up learning. The bank is focusing on preparing its staff for these changes. This initiative aims to improve efficiency and customer service across all branches.
Published on: November 6, 2025
Safeguarding your savings from daily spending risks is crucial. A single security lapse could jeopardize both your accessible funds and long-term investments. Airtel Payments Bank's Safe Second Account offers a solution, enabling you to manage daily transactions separately and protect your core savings with confidence.
Published on: November 6, 2025
In a strategic move to maintain stability in its banking sector, India has decided to impose restrictions on the voting rights of large bank shareholders. This allows foreign investors to acquire significant shares while ensuring they do not have complete authority over decision-making processes.
Published on: November 6, 2025
Bank unions have strongly opposed Finance Minister Nirmala Sitharaman's comments on privatizing state-owned banks. They argue that public sector banks are crucial for financial inclusion and have opened most Jan Dhan accounts. Unions demand capital support and modernization for these banks instead of privatization. They believe privatization would harm national interests and job security.
Published on: November 6, 2025
Junio Payments Private Ltd has secured in-principle authorisation from the Reserve Bank of India to issue Prepaid Payment Instruments. This allows Junio to launch a digital wallet linked to UPI. Youngsters can make UPI payments using their parents' accounts. The Junio app and its prepaid cards help parents manage money and teach financial responsibility.
Published on: November 6, 2025
Mahindra & Mahindra has successfully divested its entire stake in RBL Bank. The sale fetched Rs 678 crore, marking a significant 62.5% profit on the initial investment. This strategic move by the diversified firm highlights a profitable treasury operation. The company had acquired the stake in July 2023 for Rs 417 crore. This transaction demonstrates effective capital management.
Published on: November 6, 2025
Piramal Finance is setting its sights on a robust expansion with a goal of amassing ₹1.5 lakh crore in assets under management by 2028. To fuel this ambitious trajectory, the company intends to unlock significant capital by divesting stakes in its insurance operations and a fintech enterprise.
Published on: November 5, 2025
Local card network has seen its share climb to 16% in two years; if UPI link remains exclusive, it could rise further.
Published on: November 5, 2025
Exciting news for Kerala! The state is on the brink of an impressive Rs 850 crore in foreign direct investment, with UAE's Al Marzooqi Holdings FZC signing a Letter of Intent. This venture will bring the Meridian Tech Park to life in Technopark phase III, focusing on sustainable practices and collaborative innovation.
Published on: November 5, 2025
Paytm is enhancing its platform for loyal customers. The company is building long-term value through its innovative 'Gold Coins' loyalty program. This initiative turns everyday transactions into opportunities for wealth creation via digital gold investments. Paytm aims to promote responsible financial habits and everyday wealth building for millions of Indians.
Published on: November 5, 2025
Public sector banks, led by SBI, achieved a record cumulative profit of Rs 49,456 crore in Q2 FY26, a 9% year-on-year increase. SBI alone contributed 40% to this total, posting a net profit of Rs 20,160 crore. Indian Overseas Bank and Central Bank of India saw the highest profit growth at 58% and 33% respectively.
Published on: November 5, 2025
"The company was formed in a hurry with the idea of starting operations quickly, while branding the institution was not an immediate priority," said one of the persons cited above. "However, over the last few months, the government is keen to rename it to reflect the work undertaken by them," the person added. NaBFID was established under the National Bank for Financing Infrastructure and Development Act, 2021, and is 100% owned by the government.
Published on: November 4, 2025
The microfinance loan portfolio saw a decline in the September quarter. However, lenders reported better asset quality. Disbursements increased, with a rise in larger loan amounts. Borrower exposure to multiple lenders also grew, indicating adherence to new regulations. This shows a resilient sector balancing growth and sustainability.
Published on: November 4, 2025
In a transformative step forward, the State Bank of India is unveiling a robust initiative designed to overhaul its Know Your Customer process. Soon, customers will streamline their experience by providing KYC information just once at any SBI branch. This visionary project is set to be realized by March 2026.
Published on: November 4, 2025
SBI Chairman CS Setty stated the bank is ready to partner with foreign banks for acquisition finance. This follows the Reserve Bank of India's announcement to permit local banks to fund domestic acquisitions. SBI will leverage its in-house expertise and existing corporate finance vertical for these deals. The bank also plans a revamped Yono app launch by December.
Published on: November 4, 2025
Finance Minister Nirmala Sitharaman addressed concerns about bank privatisation. She stated that nationalisation in 1969 did not fully achieve its financial inclusion goals. Government control led to unprofessionalism in public sector banks. Sitharaman expressed confidence that professionalised banks will better serve national and banking interests. The government is proceeding with IDBI Bank's privatisation and has consolidated other public sector banks.
Published on: November 4, 2025
State Bank of India has reported strong growth in its loan book for the September quarter. Advances rose by over 12 percent year-on-year. The bank's total business has now crossed the ₹100 trillion mark. Retail, agriculture, and SME lending showed significant momentum. Profitability also saw a healthy increase, driven by non-interest income.
Published on: November 4, 2025
