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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
Emirates NBD Bank is in advanced talks to invest Rs 15,000 cr in RBL Bank, aiming to become its largest shareholder with a 51% stake. The deal, pending RBI approval, will expand the UAE bank's Asian footprint and tap into the India-Middle East remittance market. RBL Bank's share price has surged in anticipation of this significant foreign investment.
Published on: October 13, 2025
Tata Capital aims to double its loan book within three years, projecting credit costs below 1%. The non-bank lender, which recently listed on the stock exchange, is confident in its growth strategy, particularly in the SME sector. The company anticipates leveraging India's economic momentum to expand its market share.
Published on: October 13, 2025
Jio Financial Services on Monday said its subsidiary, Jio Payments Bank (JPBL), has secured a contract to implement the FASTag Automatic Number Plate Recognition (ANPR)-based Multi-Lane Free Flow (MLFF) toll collection system at two plazas — Shahjahanpur and Manoharpura — on the Gurugram-Jaipur highway.
Published on: October 13, 2025
Foreign bank CEOs met with RBI Governor Sanjay Malhotra, proposing reduced risk weights for unrated multinationals and doubling agriculture loan limits via NBFCs. They also sought easier priority sector norms for foreign banks with over 20 branches, suggesting an expansion of export credit leeway. The RBI governor pledged to review these suggestions.
Published on: October 12, 2025
Rural areas now account for approximately 80% of non-bank lenders' microfinance business, the highest share since 2011. This shift, driven by better repayment rates in rural regions, signals a focus away from urban lending. The trend aligns with India's demographic structure, with nearly 80% of the population residing in rural areas.
Published on: October 12, 2025
Reserve Bank of India's new proposal will allow banks to fund mergers and acquisitions. This change is expected to reduce fee income for debt capital market bankers. Previously, non-bank lenders and private funds dominated this financing. Now, banks entering this space may compress spreads and increase competition. This shift impacts how M&A deals are financed in India.
Published on: October 12, 2025
Banks have asked the Reserve Bank of India for an exemption on sending SMS alerts for small transactions under ₹100. This move aims to reduce customer clutter and fatigue from frequent notifications. Banks propose safeguards, including customer consent, to ensure security. Customers can still opt for alerts via banking apps or emails.
Published on: October 12, 2025
EnerGrid is seeking substantial funding to develop new greenfield transmission and battery energy storage projects across India. This initiative aims to strengthen the national grid and support the energy transition. The platform, backed by KKR, BII, and Norfund, has already launched a significant battery project in Gujarat.
Published on: October 12, 2025
State Bank of India is boosting gender diversity. The bank plans to reach 30 percent women in its workforce in five years. SBI is implementing programs for women's leadership and work-life balance. Initiatives include creche allowance and return-to-work training. Focused health screenings and a vaccination drive are also in place. SBI is committed to an inclusive environment for all employees.
Published on: October 12, 2025
NBFCs and NBFC-MFIs are central to India's microfinance sector. They serve most clients and hold the largest loan portfolio. This sector is vital for financial inclusion, helping millions access credit. Recent controls have impacted growth, but a better performance is anticipated this fiscal year. Bihar, Tamil Nadu, Uttar Pradesh, West Bengal, and Karnataka lead in micro-lending.
Published on: October 11, 2025
The Reserve Bank of India has appointed Sonali Sen Gupta as its new Executive Director, effective October 9, 2025. With over three decades of experience at the central bank, Sen Gupta will now lead crucial departments including Consumer Education and Protection, and Financial Inclusion.
Published on: October 11, 2025
The Enforcement Directorate (ED) in Kochi questioned George Alexander Muthoot, MD of Muthoot Group, in a money-laundering case. The ED's action stems from Kerala Police FIRs alleging investors were lured with high returns on fixed deposits and NCDs, with funds allegedly diverted to Srei Equipment Finance Limited, misrepresented as a sister concern. Investors faced non-repayment, leading to allegations of fraud.
Published on: October 10, 2025
State Bank of India has disbursed Rs 74,434 crore to 2.25 lakh MSMEs in under 15 months. The bank's SME Digital Business Loans platform offers credit up to Rs 5 crore. This digital journey provides end-to-end sanction in up to 45 minutes. Leveraging technology and APIs, the platform uses ITR, GST, and bank data for quick decisions.
Published on: October 10, 2025
Bank unions strongly protest the government's decision to open top positions in public sector banks to private sector candidates. UFBU argues this move is a de facto privatization and a legal/constitutional transgression, demanding the revised guidelines be suspended pending a comprehensive review and stakeholder committee formation.
Published on: October 10, 2025
The worst appears to be over for microfinance institutions, though adequate funding support remains crucial for the sector. While asset quality stress is expected to persist into the second half of the fiscal year, a decline in stress patterns indicates a potential reversal in loan outstanding, contingent on continued institutional support and adherence to regulatory norms.
Published on: October 10, 2025
The government has opened top management roles in public sector banks, including State Bank of India (SBI), to private sector candidates. One of SBI’s four MD positions and select executive director (ED) posts in PSBs will now accept private sector applicants.
Published on: October 10, 2025
Microfinance firms may see ongoing challenges with loan quality and profits even after FY26. A rebound in growth depends on securing sufficient funding. While early-stage loan stress is declining, later-stage issues persist. Industry body Sa-Dhan advises MFIs to explore diverse funding sources and enhance digital operations for future growth.
Published on: October 10, 2025
The gold loan market is set to reach Rs 15 lakh crore by March 2026. Banks are leading this growth, expanding their market share significantly. Rising gold prices are a key factor in this accelerated expansion. The market is projected to further grow to Rs 18 lakh crore by FY2027. This indicates a robust future for the sector.
Published on: October 10, 2025
Money20/20 USA returns to Las Vegas, uniting banking, AI, payments, and policymaking leaders to "Create the Future." The event will explore digital assets, AI's impact, and the blurring lines between traditional and digital finance. Keynotes from U.S. Bank and BNY, alongside discussions on AI, humanitarian finance, and stablecoins, will shape the industry's next quarter.
Published on: October 10, 2025
Monu Ratra, formerly of IIFL Home Finance, is stepping into the role of CEO at Capri Global Capital. He will spearhead the non-bank lender's operations and growth strategy, reporting to MD Rajesh Sharma. Capri Global, a retail-focused NBFC with substantial assets under management, offers diverse loans including MSME, gold, construction finance, and housing finance.
Published on: October 9, 2025
India's payments authority NPCI, alongside fintech firm Razorpay and OpenAI, is piloting AI-driven payments on ChatGPT. This groundbreaking initiative leverages India's Unified Payments Interface (UPI) to enable users to make purchases directly through the AI chatbot. The pilot aims to explore secure, autonomous transactions for users, with Axis Bank, Airtel Payments Bank, and Bigbasket as key partners.
Published on: October 9, 2025
HSBC has committed $1 billion to fund Indian startups through its innovation banking platform, offering working capital and term loans. This expansion, following the UK Silicon Valley Bank acquisition, marks India as the 13th market with a dedicated startup program.
Published on: October 9, 2025
