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Small finance banks anticipate improved asset quality this financial year. Gross non-performing assets are projected to decline significantly by March 2027. This improvement stems from microfinance portfolio recovery and stable non-microfinance growth. Tighter underwriting practices have strengthened borrower selection in microfinance portfolios. Borrower over-indebtedness caused past credit stress in microfinance books.
Published on: September 2, 2026
Credit card profits are shrinking for Indian banks as spending rises. Customers now use cards more for payments than borrowing, reducing interest income. Interest-bearing balances have significantly fallen as a percentage of total card spending. This trend is impacting major lenders like HDFC Bank and SBI Cards. Analysts predict further profit margin declines in the coming years.
Published on: September 2, 2026
In a recent address, RBI Deputy Governor Swaminathan J urged urban cooperative banks to strengthen their governance frameworks and adopt technological advancements. He pointed out the critical need for better collaboration between the RBI and cooperative authorities. Deputy Governor Shirish Chandra Murmu reinforced the importance of having professional boards and solid internal controls. Additionally, Shiv Pal Singh emphasized the need for swift handling of liquidation processes within banks.
Published on: September 2, 2026
Public sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation are encouraged for operational efficiency. Improved customer outreach and social media engagement will enhance product awareness. Companies should increase insurance penetration and reduce protection gaps. Performance monitoring will be strengthened through a standardised KPI framework.
Published on: September 2, 2026
The NCLAT has ordered the Supertech committee to file a status report within two weeks. This report will detail construction commencement and work awarding for sixteen NBCC-managed projects. Homebuyers had complained about significant delays beyond previously established timelines. The tribunal also directed the committee to address unpaid employee salaries for three months. The next hearing for this matter is scheduled for September 14, 2026.
Published on: September 2, 2026
The CBI filed a chargesheet against nineteen accused in a Rs 504-crore fund misappropriation case. Six Haryana cadre IAS officers and bank officials were named in the chargesheet. The accused allegedly orchestrated a fraudulent scheme to misappropriate government funds. These funds were transferred to specific bank branches and then to third parties. The CBI has now charged a total of thirty-seven individuals in this ongoing investigation.
Published on: September 2, 2026
L&T Finance plans to add 500 gold loan branches annually for five years. This expansion aims to reach a network of 2,500 to 3,000 branches nationwide. The company expects its gold finance book to grow over fifty percent annually. This growth is driven by increasing branch footprint and market opportunities. India's gold loan market has significant untapped potential for organized lenders.
Published on: September 2, 2026
A parliamentary committee will meet on September 3 to discuss direct tax reforms. The meeting will focus on simplification, rationalization, and ease of compliance. Discussions will also cover the Income-tax Act, 2025, and revenue performance. This session follows a previous cancellation regarding virtual digital assets. Representatives from the Ministry of Finance will attend the important deliberations.
Published on: September 2, 2026
Small finance banks anticipate improved asset quality by March 2027. Gross non-performing assets are projected to decline significantly from current levels. This improvement stems from microfinance portfolio recovery and non-microfinance growth. Tighter underwriting practices have strengthened borrower selection in microfinance portfolios. The non-microfinance segment now forms a larger share of total advances.
Published on: September 2, 2026
SBI General Insurance will not chase fire insurance business at unsustainable prices. The company aims to improve profitability and maintain a healthy expense of management ratio. Health insurance penetration is a key focus, leveraging SBI's extensive branch network. Addressing mis-selling requires suitability, transparency, convenience, and fairness for customers. SBI General Insurance is considering a potential public listing in the future.
Published on: September 2, 2026
IFFCO-TOKIO General Insurance Company has appointed Tatsuya Fujimoto as its new Managing Director and Chief Executive Officer, replacing Subrata Mondal. Fujimoto previously served as Director (Operations) and Senior Executive Director-Chief Risk Officer. He brings 28 years of experience with Tokio Marine Group across Japan, the US, Malaysia and India.
Published on: September 2, 2026
A special five-member NCLT bench stayed Subhash Chandra's repayment plan approval. The tribunal also restrained the Essel Group founder from alienating any asset. This new bench stayed a smaller bench's earlier order which had approved the plan. Dissenting creditors had sought protection against the guarantor's asset alienation. The bench directed that the guarantor shall not alienate properties directly or indirectly.
Published on: September 2, 2026
CPP Investments has committed around ₹2,070 crore ($215 million) to NIIF Infrastructure Fund II, strengthening its partnership with NIIF. The fund will invest in India’s infrastructure sector, focusing on long-term growth themes including urbanisation, digitalisation and the energy transition.
Published on: September 1, 2026
In a bid to boost climate and transition finance, banks are pressing for a lower cash reserve ratio for green deposits. Presently, estimates show that these deposits fall short of the necessary critical mass. A decreased CRR could significantly cut funding expenses and unlock capital for loans, as India strives for substantial investments to fulfill its net-zero goals.
Published on: September 1, 2026
Banks are increasingly selecting microfinance institutions for loans instead of individual borrowers, leading to a reclassification of microfinance loans as part of retail portfolios. Despite this trend, non-banking financial companies focused on microfinance (NBFC-MFIs) received considerable debt support from banks recently. However, the overall microfinance sector saw a decline in its borrower base, with higher loan amounts being distributed to a lesser number of borrowers.
Published on: September 1, 2026
Ujjivan Small Finance Bank appointed Carol Furtado as interim chief executive officer. This appointment follows the sudden resignation of MD and CEO Sanjeev Nautiyal. Nautiyal stepped down from his position citing health grounds and requested early retirement. The Reserve Bank of India has approved Furtado's interim appointment for three months. The bank will now begin the process to find a permanent successor.
Published on: September 1, 2026
Ujjivan Small Finance Bank's MD and CEO has resigned citing health reasons. The board accepted the early retirement and appointed Carol Furtado as interim head. The bank will now begin searching for a permanent successor to Nautiyal. Nautiyal ceased his role as MD and CEO from September 1. The bank's share price saw a decline following this leadership change.
Published on: September 1, 2026
India's insurance sector anticipates strong demand for protection and savings products. LIC aims to adapt its distribution and product mix for a digital market. The company is enhancing its product portfolio and improving technology for better customer experience. LIC also focuses on asset management to provide competitive returns amid economic volatility. The corporation is prepared to script a more glorious chapter in service to the nation.
Published on: September 1, 2026
Suman Ray will assume the role of Executive Director at the Reserve Bank of India. His appointment is effective from September 1, 2026, as announced by the central bank. Previously, Ray served as the Regional Director for Maharashtra and has extensive experience. He will now oversee the Department of Deposit Insurance and Credit Guarantee Corporation. Ray brings over three decades of dedicated service to the RBI.
Published on: September 1, 2026
The United Forum of Bank Unions (UFBU), representing over 90% of India’s banking workforce, has announced strikes on September 11 and September 28-30, followed by an indefinite strike from October 26 if its demands are not resolved.
Published on: September 1, 2026
HDFC Bank CEO Sashidhar Jagdishan will depart after his term ends next month. New chairman Rajiv Kumar sought aggressive changes and executive replacements. Jagdishan resisted some proposals and decided not to seek reappointment. The bank now faces a swift search for a new leader. This departure adds to recent turmoil and stock market struggles.
Published on: September 1, 2026
InsuranceDekho and RenewBuy are merging to create an AI-enabled insurance distribution platform with over ₹6,600 crore in premiums, 600,000+ digital partners and coverage across 98.57% of India’s pincodes. The combined business will operate under the InsuranceDekho brand, with Ankit Agrawal as CEO, and will offer motor, health, life and commercial insurance products.
Published on: September 1, 2026
India's insurance regulator is proposing a Public Insurance Registry for data sharing. This digital infrastructure will connect insurers, intermediaries, and policyholders for better underwriting. Policyholders can view all their policies and make common service requests easily. Insurers will gain access to anonymized industry-wide claims data for analysis. The registry aims to improve transparency and facilitate informed, low-cost insurance purchases.
Published on: September 1, 2026
India's UPI processed transactions near record highs in August, reaching ₹29.8 lakh crore. The platform handled a fresh record of 24.51 billion transactions, a significant jump from July. This impressive performance was bolstered by festive activity and expanding consumer adoption across the nation. Industry experts highlight the importance of resilient digital infrastructure for continued growth.
Published on: September 1, 2026
Canada Pension Plan Investment Board committed $215 million to NIIF Infrastructure Fund II for investing in Indian infrastructure assets and platforms. The investment aims to build on a strong existing partnership between the two entities.
Published on: September 1, 2026
HDFC Bank has accelerated its search for a successor to CEO Sashidhar Jagdishan, who will not seek an extension, with an executive search firm likely to be appointed this week. The bank is considering both internal and external candidates, including deputy MD Kaizad Bharucha, executive director V. Srinivasa Rangan, former SBI chairman Dinesh Khara, Axis Bank CEO Amitabh Chaudhry and other senior bankers.
Published on: September 1, 2026
The NCLT has constituted a five-member special bench to resolve the deadlock over Zee founder Subhash Chandra’s repayment plan after three tribunal members delivered differing views. The plan involves ₹1,494 crore from principal borrowers and ₹6.25 crore from Chandra, who guaranteed ₹22,006 crore in Essel Group borrowings. Dissenting lenders oppose it.
Published on: September 1, 2026
Asia-Pacific-focused private equity firm PAG, current owners of the listed financial services company, has revived attempts to sell the business after a year’s gap. Non-binding bids also in from 6 funds for 54% worth $1.8 billion. Two more strategics expected to join.
Published on: September 1, 2026
In an exclusive interview with ET, Zee founder Subhash Chandra rejects criticism over his personal insolvency settlement, saying the ₹22,000-crore figure includes guarantees beyond Indian banks’ ₹5,311-crore claims. He says borrowing entities will repay lenders, denies personally owning assets, defends the insolvency process and explains how family funds supported Zee’s revival efforts.
Published on: September 1, 2026
Canara Bank recovered all dues totaling ₹510 crore from Rajesh Exports. This recovery followed an order by a debt recovery tribunal. The bank initiated this action after the company blocked other recovery attempts. Rajesh Exports faced allegations of financial misrepresentation from SEBI. The bank was the largest creditor for the gold and jewellery exporter.
Published on: August 31, 2026
HDFC Bank's board faces a difficult CEO succession task with a thin internal leadership pipeline. Regulatory tenure limits may push the bank towards a wider external executive search. Analysts suggest candidates from other banks and NBFCs could be considered. Jagdishan's exit offers an opportunity for a strategic reset and narrative change. The bank's strong franchise and financial profile should mitigate transition risks.
Published on: August 31, 2026
As of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the validity of service contracts and foreign entities involved. Furthermore, banks will also be tasked with tracking export revenues and handling overdue export bills, creating a challenging landscape in service imports and exports aimed at curbing money laundering and suspicious trading practices.
Published on: August 31, 2026
Individuals over forty hold most bank deposits, while younger workers contribute less. Term deposits grew significantly, outpacing savings and current accounts. Large deposits of one crore and above formed a substantial portion. Bank credit growth accelerated, driven by corporate sector loans. Interest rates on loans below nine percent increased notably.
Published on: August 31, 2026
HDFC Bank is actively searching for a new chief executive officer. The bank expects to appoint an executive search firm soon. Several internal and external candidates are being considered for the top position. The new leader will focus on restoring investor confidence and driving growth. This succession occurs as the bank navigates a crucial leadership transition.
Published on: August 31, 2026
A new five-member bench will decide Subhash Chandra's repayment plan. This personal insolvency case involves claims exceeding twenty-two thousand crore rupees. A previous division bench failed to reach a majority verdict on the plan. Dissenting lenders have approached the insolvency appellate tribunal regarding the matter. The bench will commence hearings on Tuesday morning.
Published on: August 31, 2026
Bank credit to industry grew by twenty percent in July, while agriculture advances expanded faster. Non-food bank credit saw nineteen point one percent growth year-on-year. Large and medium industries experienced accelerated credit growth, and micro and small industries showed steady expansion. Services sector credit grew by twenty-two point nine percent, supported by financial companies and trade.
Published on: August 31, 2026
Subhash Chandra's insolvency case: A tribunal bench referred the case for fresh adjudication. Lenders opposed a proposed repayment plan offering a deep haircut. The appellate tribunal NCLAT will hear the lenders' plea against a third member's order. This dispute arises from differing interpretations of insolvency code provisions. The case involves admitted claims exceeding twenty-two thousand crore rupees.
Published on: August 31, 2026
Bank gold loans grew significantly, though at a slower pace. Personal loans also saw increased growth, driven by housing and vehicle financing. New regulations adjusted loan-to-value ratios and repayment tenures for gold loans. Housing and vehicle loans experienced notable year-on-year increases in their outstanding amounts. Overall bank credit expanded robustly, with services sector leading the growth.
Published on: August 31, 2026
In a move to strengthen its market position, Muthoot Finance plans to incorporate Muthoot Money, its wholly-owned subsidiary, into its operations. This merger is designed to foster operational synergies and improve resource allocation. It is expected to streamline the management structure and optimize operational costs, thereby building a more competitive gold loan venture. The plan is subject to approvals from the Reserve Bank of India and various authorities.
Published on: August 31, 2026
Dissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan proposes a Rs 6.5 crore payment against creditor claims. Lenders argued that five entities linked to Chandra's family improperly influenced the voting process. The NCLT approved the plan after a third member ruled in its favor. The appellate tribunal will now hear the lenders' challenge on Tuesday.
Published on: August 31, 2026
By the close of August, liquidity within the banking sector surged to close to Rs 5 lakh crore, fueled by government spending and inflow of foreign currency deposits. The Reserve Bank of India has adeptly utilized reverse repo auctions to manage the excess liquidity. This comfortable liquidity scenario is enhancing lending conditions and fostering credit growth, with expectations for liquidity to hover between Rs 4 lakh crore and Rs 4.
Published on: August 31, 2026
In a bold move, Gautam Adani has demanded a significant reform of the infrastructure rating models. He criticized current assessments for their inability to reflect the value generated by interconnected platforms. Adani used Mundra and Vizhinjam ports as key illustrations of vital assets, while also showcasing the substantial promise of the Khavda renewable energy initiative. He warned that success in the future hinges on merging AI with robust infrastructure.
Published on: August 31, 2026
Subhash Chandra Rs 22,006 crore case: Zee founder Subhash Chandra has shifted focus from Ambani allegations. He is now addressing outstanding dues and defending his personal insolvency plan. Borrowers linked to his Essel Group have agreed to settle their obligations. Chandra stated he acted as a guarantor for these borrowing entities. Lenders are challenging the low recovery from his personal estate.
Published on: August 31, 2026
NPCI International Payments Ltd. and Uzbekistan's HUMO have signed a commercial agreement. Indian travellers can now use UPI-enabled apps to scan UZQR codes. This pact allows instant merchant payments across Uzbekistan for tourists and students. The agreement removes foreign exchange mark-ups and the need for cash. UPI is now operational in ten countries for digital payments.
Published on: August 31, 2026
Kotak Mahindra Bank has recommended two internal candidates to succeed its CEO. Executive directors Anup Saha and Paritosh Kashyap were named for the role. These recommendations are for the Reserve Bank of India's approval. The current CEO's term concludes on December 31, 2026. The bank aims to accelerate its growth momentum under new leadership.
Published on: August 31, 2026
In a recent assessment, Moody's Ratings pointed out the leadership transition risk stemming from HDFC Bank's CEO Sashidhar Jagdishan stepping down at the end of his term in October. The agency insisted that ensuring a smooth succession is vital for upholding confidence, even as the bank's strong brand and capable management team work to lessen these risks amid challenges related to deposit practices and bond mis-selling.
Published on: August 31, 2026
PhonePe has unveiled UPI 123Pay, a new service for feature phone users that enables seamless transactions without an internet connection. The initiative targets more than 200 million users, helping expand access to digital payments across India. It supports both peer-to-peer and merchant payments using mobile numbers or UPI IDs, with future updates expected to include bill payments and mobile recharges.
Published on: August 31, 2026
Homebuyers should assess their monthly surplus before applying for a home loan. An affordable EMI fits comfortably after essential expenses and savings. Lenders assess repayment capacity, but your budget dictates the actual limit. Use an EMI calculator to test loan amounts and tenures for affordability. This ensures your EMI aligns with your financial goals and cash flow.
Published on: August 31, 2026
HDFC Bank is searching for a new chief executive officer. The bank faces challenges in integrating its merger and reviving retail lending. Its stock has declined significantly this year, impacting investor confidence. The new leader must improve loan growth and core profitability. Kaizad Bharucha is a leading internal candidate for the role.
Published on: August 31, 2026
Subhash Chandra, the chairman of Essel Group, reassured lenders regarding the reconciliation of outstanding dues from borrowers. He highlighted that his personal debt stands at zero, backed by ₹22,000 crore in personal guarantees. The repayment strategy involves Chandra committing ₹6.25 crore from his own resources, while other entities cover ₹1,494 crore. Although most amounts have been repaid, some lenders are challenging the NCLT-approved plan and are considering appeals.
Published on: August 30, 2026
