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Indian Bank anticipates treasury income between Rs 1,000 and Rs 1,500 crore this fiscal year. The lender expects its gold loan book to surpass Rs 1.5 lakh crore during this period. Gross non-performing assets are targeted to decrease to 1.5-1.6 percent by year-end. The bank plans to sell Rs 200 crore in bad loans to an asset reconstruction company.
Published on: August 28, 2026
NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claims in insolvency case. The 99.97% haircut has sparked controversy, but the claims relate to his role as a personal guarantor, not personal borrowing. Creditors can retain recovery rights against the principal borrowing companies.
Published on: August 28, 2026
Non-banking financial companies are entering a new cyclical recovery phase. Loan growth and asset quality improvements are expected to drive earnings higher. Profit after tax for NBFCs is projected to grow significantly in upcoming fiscal years. However, geopolitical risks and monsoon conditions pose potential challenges to this recovery. Interest rates may also rise, impacting funding costs and profit margins for some firms.
Published on: August 28, 2026
The NCLT approved Subhash Chandra's insolvency plan, allowing a settlement of Rs 22,006 crore claims for Rs 6.25 crore. Dissenting lenders find this payout unviable, while government sources call the haircut figure misleading. Chandra disputes the total claim amount against him, stating it is lower. Creditors retain rights against principal borrowing companies and their assets. The case is exceptional and not a template for other insolvency resolutions.
Published on: August 28, 2026
Barclays is targeting India’s wealthiest founders and business owners as it seeks to expand its private banking business amid intensifying competition. The lender is leveraging its international network and capital-markets expertise to serve ultra-rich Indians with global assets, aiming for double-digit growth and deeper relationships with the country’s top promoters.
Published on: August 28, 2026
The State Bank of India forecasts a significant surge in corporate loan prospects, aiming for ₹5 lakh crore as companies pivot towards investments in renewable energy and battery storage solutions. SBI remains steadfast in its goal to secure $10 billion through FCNR(B) deposits while confidently targeting a 14-15% growth in credit. With robust capital buffers, banks are better positioned to navigate future economic fluctuations.
Published on: August 28, 2026
HDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payment from Subhash Chandra as guarantor. Several lenders had opposed this repayment plan, which was approved by the majority. Government officials clarified Chandra was a guarantor, not the principal borrower.
Published on: August 28, 2026
The chairman of the State Bank of India underscores the nation's economic resilience, emphasizing the bank's robust standing in the financial sector. With a growth forecast of 7.5% and inflation consistent with RBI predictions, SBI is gearing up for a remarkable 14-15% rise in credit, driven by retail and SME sectors. The bank is also focusing on enhancing its fee income while aiming for a 1% return on assets.
Published on: August 27, 2026
The timeline stands in contrast to Jagdishan's previous reappointment. HDFC Bank's board had recommended a fresh three-year term for him on March 4, 2023, nearly eight months before his first tenure was due to expire. The Reserve Bank of India approved the appointment in September that year.
Published on: August 27, 2026
Banks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysis and pattern identification by the principal officer. Artificial intelligence and machine learning tools are now being deployed. This initiative follows parliamentary committee recommendations for accountability. The goal is to recover funds and prevent financial system misuse.
Published on: August 27, 2026
HDFC Bank employees took swift action to block a potential digital scam targeting elderly clients. An attentive staff member noticed an anxious couple trying to send a hefty amount of money while on a video call with someone unknown. Reacting promptly, the bank team identified the suspicious activity and successfully protected the seniors from losing Rs 1.12 crore, showcasing their commitment to customer safety.
Published on: August 27, 2026
HDFC Bank plans to appeal a bankruptcy court ruling concerning Subhash Chandra. The court approved a repayment plan with a 99.97 percent haircut for lenders. HDFC Bank's claim of Rs 680 crore saw only 3.2 percent admitted. Lenders faced negligible recovery against over Rs 22,000 crore in admitted claims. The NCLT rejected objections, citing the debtor's estate value and potential future recovery.
Published on: August 27, 2026
India Ratings forecasts bank credit growth at fifteen percent for fiscal year twenty twenty-seven. Lenders will face profitability challenges due to new provisioning requirements. Deposit growth is expected to increase, helping to moderate loan-to-deposit ratios. Non-banking finance companies will focus on asset quality amid global headwinds.
Published on: August 27, 2026
Siddarth Gandotra resigns as CFO of Kotak Mahindra Investments Limited on August 31, 2026. Hiren Vora will assume the CFO role starting September 1, 2026. Vora brings eighteen years of experience within the Kotak group. Finance Minister Nirmala Sitharaman called for banking sector reform recommendations. A high-powered committee will examine banking's role in Viksit Bharat 2047.
Published on: August 27, 2026
BTIG appointed Mangesh Ghogre as managing director in its Industrials Investment Banking group. Ghogre will focus on metals and mining coverage for the firm's clients. He brings over two decades of global investment banking experience across the US and Asia. Previously, Ghogre worked at ThinkEquity and founded One Capita Advisors. U.S. Bancorp completed its acquisition of BTIG, LLC on June 1, 2026.
Published on: August 27, 2026
NABARD and NaBFID have signed an initial pact to strengthen collaboration. This agreement focuses on financing infrastructure projects with significant rural impact. The memorandum provides a framework for joint financing and knowledge sharing. Key areas include water, sanitation, irrigation, and post-harvest storage facilities. This partnership aims to advance rural prosperity and bridge the rural-urban divide.
Published on: August 27, 2026
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger deposit growth and are gaining market share. This trend raises concerns about funding sustainability for state-owned lenders. Abundant system liquidity currently cushions the impact of these shifts.
Published on: August 26, 2026
Fire insurance premiums dropped significantly in the first four months of the financial year. Aggressive discounting on large industrial risks pressured insurers competing for corporate accounts. The regulator received complaints of steep discounts, raising financial health concerns. Major insurers like New India Assurance and ICICI Lombard saw premium reductions. Pricing for industrial fire risks must now follow sound actuarial principles.
Published on: August 26, 2026
Gaja Alternative Asset Management's listing marks a significant step for the industry. The company is the first pure-play PE asset manager to list domestically. This listing allows retail investors indirect access to private equity investments. Gaja Alternative has committed capital of ₹3,200 crore as of March 31, 2026. The company raised ₹550 crore through its initial public offering.
Published on: August 26, 2026
Fixed deposits provide a reliable mechanism for achieving your financial objectives, combining predictable returns with versatile tenures. They are ideal for capital preservation and fostering consistent saving habits. When selecting an FD, it's essential to align the tenure with your goal's timeframe and desired amount. Comparing interest rates and payout options will optimize your returns, while reinvesting maturity proceeds can significantly boost long-term growth.
Published on: August 26, 2026
Jio Financial Services will launch an AI personal CFO and membership program with an aim to acquire customers cost-effectively through its digital network. The company is scaling lending and asset management businesses significantly.
Published on: August 26, 2026
The Economic Advisory Council to the Prime Minister proposed consolidating Indian banks into larger, equally sized entities. This consolidation aims to support the economy's growing credit needs and achieve Viksit Bharat by 2047. Recent mergers reduced public sector banks, bringing scale and potential operational synergies to the industry. Data shows improved efficiency in public sector banks, surpassing private banks in recent years.
Published on: August 26, 2026
The EAC-PM has proposed consolidating India’s public sector banks into a few large, comparable institutions to meet rising credit demand and finance the country’s growth towards Viksit Bharat 2047. The recommendation comes after a major PSB turnaround, with stronger profits, lower NPAs and faster credit growth. Larger banks could better fund infrastructure, manufacturing, technology and overseas expansion.
Published on: August 26, 2026
The mortgage portfolio of State Bank of India is set to hit a monumental Rs 10 lakh crore this quarter, highlighting its robust role in the housing finance sector with 28 percent market share in home loans. SBI is dedicated to ensuring home loans are readily available to customers nationwide through extensive processing facilities.
Published on: August 26, 2026
Non-Resident Indians utilize NRE accounts to facilitate smooth transfer of their overseas income. For income earned within India, they commonly rely on NRO accounts. Many opt to hold both types of accounts to distinctly manage their finances. This distinction enhances clarity and simplifies record-keeping across various income sources, allowing NRIs to streamline their banking experiences effectively.
Published on: August 26, 2026
Sidbi achieved a record net profit of Rs 5,493 crore in FY26. Its balance sheet and asset base saw significant growth during the financial year. Loans and advances increased by seventeen percent, reflecting strong business expansion. The bank maintained stable asset quality with a low gross NPA ratio. Sidbi also approved a twenty percent dividend for its shareholders for FY25.
Published on: August 26, 2026
Kedaara Capital has acquired a majority stake in Tynor Orthotics for approximately $200 million. This significant deal provides an exit for investor Lighthouse Funds from the medical device maker. Tynor Orthotics manufactures orthopaedic supports and mobility aids for global markets. The company has an extensive distribution network reaching numerous retail outlets and hospitals. Kedaara will partner with Tynor's promoters and its existing strategic partner Thuasne.
Published on: August 26, 2026
Investors are planning to write to the Prime Minister's Office this week. They allege mis-selling and substantial losses from a Carlisle product. The group also intends to approach the Reserve Bank of India. They are exploring legal action against HDFC Bank for alleged client-suitability lapses.
Published on: August 25, 2026
healthy demand Industry card additions rise 11.5% over June; Card spends hold above ₹2 lakh-crore mark; Transaction volumes surge but the value per transaction declines
Published on: August 25, 2026
Regional rural banks are urged to accelerate modern technology adoption and digital services. Their net profit reached an all-time high of ₹10,176 crore in FY26. Sponsor banks must handhold RRBs in strengthening their IT infrastructure. The total business of all 28 RRBs has now crossed ₹13.5 lakh crore.
Published on: August 25, 2026
India needs to consolidate banks into a few large entities. This consolidation aims to meet rising credit needs for Viksit Bharat by 2047. Banks will increasingly focus on data-driven customer experiences and AI automation. The banking sector has seen significant positive changes since 2014. Future agendas include mobilizing stable deposits and deepening productive lending.
Published on: August 25, 2026
Regional Rural Banks (RRBs) reported a record consolidated net profit of ₹10,176 crore in FY26, up from ₹6,820 crore a year earlier, while their total business crossed ₹13.5 lakh crore, the Finance Ministry said.
Published on: August 25, 2026
FISME has urged the RBI to reconsider its proposal to bar NBFCs from offering revolving credit, warning that a blanket ban could disrupt working-capital finance for MSMEs. The industry body said revolving credit helps small businesses manage cash-flow gaps, as they can draw funds when needed, pay interest only on the amount used and restore their credit limit after repayment.
Published on: August 25, 2026
UPI has completed 10 years, with annual transaction value soaring from ₹0.07 lakh crore in FY17 to around ₹314 lakh crore in FY26. Transaction volumes have jumped nearly 13,000-fold, making UPI the backbone of everyday digital payments across India.
Published on: August 25, 2026
Axis Bank expects credit growth to exceed industry averages this fiscal year. Strong demand stems from corporate sectors and retail borrowers seeking gold loans. This credit boom is projected to boost the bank's overall earnings significantly. Axis Bank is also preparing key businesses for potential public listings. The bank aims for sustained credit growth while managing lending margins effectively.
Published on: August 25, 2026
India's capital market is on the brink of a transformative shift as more investors engage actively. The Metropolitan Stock Exchange (MSE) is dedicated to cultivating a resilient financial framework, improving accessibility, and mitigating costs for emerging investors throughout the nation. With a versatile platform powered by advanced technology, this initiative aspires to broaden wealth generation opportunities and contribute to the country’s overall prosperity.
Published on: August 25, 2026
Prime Minister Narendra Modi on Tuesday termed the Unified Payments Interface (UPI) a "major turning point" in the country's digital payments journey, as the interface completed 10 years since its launch.
Published on: August 25, 2026
CapitaLand India Trust is converting more Singapore-dollar debt into rupee borrowings as the Indian currency weakens, aiming to reduce foreign exchange exposure and boost distributable cash flows. CLINT has completed two debt-onshoring tranches worth about S$204 million in 2026, lifting cumulative distribution-per-unit accretion from the exercises to nearly 5%.
Published on: August 24, 2026
Vehicle buyers are increasingly taking multiple loans, while the average amount borrowed is also rising, raising potential credit risks for lenders. The trend is most visible in commercial vehicle finance, where borrowers with two or more loans rose to 19.9% in June from 15.7% a year earlier.
Published on: August 24, 2026
Banks are tightening their forensic auditor empanelment framework. This action follows Enforcement Directorate observations against two audit firms. Two audit firms have been de-empanelled from the Agencies for Specialised Monitoring list. Lenders will review the framework for empanelling audit firms further. Public sector banks reported a record net profit in FY26.
Published on: August 24, 2026
UPI has completed a decade of transforming India’s digital payments landscape, with annual transactions soaring from 1.78 crore in 2016-17 to 24,162 crore in 2025-26.
Published on: August 24, 2026
Fino Payments Bank's board approved an interim CEO tenure extension. Ketan Merchant's role as interim MD and CEO will continue. This extension requires approval from the Reserve Bank of India. Merchant took charge after Rishi Gupta's arrest in February. Gupta faced allegations related to GST law violations.
Published on: August 24, 2026
Resona Bank and Tata Capital have announced a new collaboration. This partnership aims to offer enhanced financing solutions for clients in India. Resona Bank also made a USD 20 million investment in Tata Capital Growth Fund III. The collaboration will leverage both firms' local market expertise and networks. Japanese businesses can now access India's growing economic opportunities more easily.
Published on: August 24, 2026
UPI has completed a decade of transforming India’s digital payments ecosystem, with annual transactions surging from 1.78 crore in 2016-17 to 24,162 crore in 2025-26. Transaction value rose to Rs 314 lakh crore, while monthly volumes hit a record 2,366 crore in July 2026. UPI now operates across 11 countries and accounts for nearly 49% of global real-time payments.
Published on: August 24, 2026
India's corporate investment cycle now features financially stronger companies expanding capacity. These well-capitalized groups are using internal cash flows for growth and consolidation. This differs from the earlier debt-heavy boom which relied on bank financing. HSBC India's balance sheet is expanding significantly, crossing five lakh crore rupees. Global capital flows require fresh triggers like reforms or FDI announcements.
Published on: August 24, 2026
Indian banks are in their strongest position in a decade, with gross NPAs near historic lows and robust capital buffers, Motilal Oswal Financial Services said. Banking-sector asset quality has improved sharply, supported by stronger profitability, balance-sheet repair and resilient capital. With credit growth accelerating, healthier banks are better positioned to expand lending and benefit from India’s improving economic cycle.
Published on: August 24, 2026
Bank unions will strike nationwide on September 11 due to unresolved demands. This action follows a government 'negative attitude' towards key union proposals. The strike will impact banking services for four days, including holidays. Further strikes are planned for September 28 and an indefinite one from October 26. Unions seek five-day banking, pension improvements, and a uniform incentive scheme.
Published on: August 24, 2026
Banks in India foresee a stable outlook for asset quality, driven by the reduction of unsecured lending which should prevent new stresses from emerging. The current crisis in West Asia is unlikely to significantly affect operations. Furthermore, with a strong government backing, microfinance loans provide more security, and although MSME loans continue to grow, they are still within safe limits for banks.
Published on: August 24, 2026
Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allow standby letters of credit against such deposits. The arrangement could amplify dollar inflows through offshore financing as India seeks to strengthen foreign-exchange reserves and support the rupee amid strong NRI deposits.
Published on: August 24, 2026
Standard Chartered and DBS Bank India recorded the sharpest contractions. The former's card base fell 28% to 581,000, a fall of 227,000 cards, while expenditure fell nearly 18% to Rs 693 crore in June. DBS' India portfolio contracted 29% to 310,000 cards, while expenditure fell 18% to Rs 338 crore.
Published on: August 24, 2026
