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The Reserve Bank of India has stated that HDFC Bank's board minutes and records are reviewed as part of its supervision. The central bank reiterated that no governance or conduct issues were found. RBI Governor Sanjay Malhotra confirmed no need to change existing rules. Deputy Governor Swaminathan J added that current events do not warrant regulatory tweaks.
Published on: April 8, 2026
Japan's MUFG Bank has acquired a 20% stake in Shriram Finance Ltd (SFL) for Rs 39,618 crore, marking the largest cross-border investment in India's financial services sector. This strategic collaboration aims to leverage MUFG's global expertise to accelerate SFL's growth and enhance financial inclusion in India.
Published on: April 8, 2026
India's small businesses are now driving economic growth. New government budgets are boosting MSME financing and support. Digital tools are helping banks understand these businesses better. This shift is enabling more MSMEs to access credit and contribute to 'Make in India' and 'Make for the World' initiatives. Defence and auto components are key growth areas.
Published on: April 8, 2026
The Reserve Bank of India has stated that its supervisory inspections of HDFC Bank revealed no governance or conduct issues. Governor Sanjay Malhotra confirmed this, noting that the RBI reviewed meeting minutes and found nothing of material concern. HDFC Bank is described as a systemically important bank with sound financials and a competent management team.
Published on: April 8, 2026
The Reserve Bank of India is set to update bank board guidelines with an aim to shift board focus from daily operations to policy matters. Central bank Governor Sanjay Malhotra announced the plan at his policy meet address. The move, which follows recent issues at HDFC Bank, will allow boards to dedicate more time to strategic policy decisions.
Published on: April 8, 2026
"Collections fell by about two percentage points last summer, and we expect a similar dip this year," said the head of a non-bank lender, who did not wish to be identified. "Field visits will reduce, and some customers may seek deferments as business activity slows. Collection should normalise once temperatures ease."
Published on: April 7, 2026
The Competition Commission of India has approved Advent International's proposal to acquire a 14.3% stake in Aditya Birla Housing Finance. This move involves a significant capital infusion into the housing finance subsidiary. The CCI also cleared other acquisitions, including Citrus Investment LLC's increased shareholding in Hitachi Construction Machinery and Indus Infra Trust's acquisition of KNR SPVs.
Published on: April 7, 2026
Bank of Baroda has introduced bob SAMVAD, an AI-driven platform. This new system allows customers and bank staff to communicate in their preferred languages. It translates conversations in real-time across 22 Indian languages. This innovation aims to break down language barriers at bank branches. Customers can speak or type their queries.
Published on: April 7, 2026
Jammu and Kashmir Bank's business has surpassed Rs 2.90 lakh crore. Lieutenant Governor Manoj Sinha inaugurated the bank's new regional business centre in Jammu. This facility will boost service delivery and operational efficiency. The centre houses a currency chest, a modern branch, and administrative units.
Published on: April 7, 2026
Banks must act on early risk signals amid the West Asia war. EY suggests shifting exposure from vulnerable small businesses and retail borrowers. This involves focusing on stronger sectors and resilient portfolios. Early intervention through covenant resetting and liquidity buffer enforcement is crucial.
Published on: April 7, 2026
Private banks outpaced public sector lenders in deposit growth during the January-March quarter. This occurred as the banking system faced ongoing deposit mobilisation hurdles. Low-cost deposits like CASA became less attractive due to lower interest rates. Lending growth saw state-owned banks performing better than private peers. Profitability projections indicate stronger growth for private lenders.
Published on: April 7, 2026
Government may seek revised financial bids for IDBI Bank. Original offers fell below the set reserve price. This strategic sale is crucial for government resources amid global uncertainty. The process is in the technical evaluation stage. Fairfax and Emirates NBD are potential buyers. The government and LIC aim to sell a significant stake.
Published on: April 7, 2026
The government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation after its merger with REC. This move aims to ensure the combined entity remains a government-owned NBFC. The merged company will be the largest government-owned NBFC, enhancing its capacity for large projects and competition.
Published on: April 7, 2026
The Supreme Court has issued a pivotal directive concerning the classification of bank accounts as fraudulent, opting not to allow personal oral hearings for customers involved in such decisions. Nonetheless, institutions are mandated to provide access to forensic audit reports, fostering a new level of accountability.
Published on: April 7, 2026
Iran War: Geopolitical tensions, especially in West Asia, are poised to significantly impact India's financial services. EY's analysis reveals escalating supply chain issues, rising costs, and tightening liquidity. These will lead to margin compression, investment delays, and stretched working capital, ultimately causing cash-flow volatility and potential asset-quality risks, particularly for MSMEs and retail borrowers.
Published on: April 7, 2026
The M Pallonji Group has received R1 approval from IRDAI for its general insurance venture, partnering with Divya Sehgal and Federal Bank. The group will hold a 51% stake, with Federal Bank and family offices providing additional capital. This move signifies a new wave of entrants in the insurance sector.
Published on: April 6, 2026
The Reserve Bank of India is overhauling its business correspondent system. New service points, Business Correspondent-Banking Outlets and Business Correspondent-Banking Touchpoints, will be introduced. This aims to improve customer service and expand financial inclusion across India. Banks must conduct thorough checks on new correspondents. These changes are proposed to enhance banking access.
Published on: April 6, 2026
The Reserve Bank of India has cancelled the licence of The Shirpur Merchants' Co-operative Bank. This action is due to the bank's insufficient capital and future earning potential. The bank will cease all banking operations from April 6, 2026. Depositors will receive their insured amounts up to Rs 5 lakh from DICGC.
Published on: April 6, 2026
UCO Bank announced strong financial results for the January-March quarter of FY26. The state-owned lender saw its credit grow by 19 percent to Rs 2.62 lakh crore. Total deposits also rose by 11 percent, reaching Rs 3.27 lakh crore. Low-cost CASA deposits saw an improvement. The bank's total business expanded by 15 percent.
Published on: April 6, 2026
Avendus Capital has appointed Gaurav Arora as its new Managing Director and Head of Infrastructure. Arora previously held key roles at UBS, Deutsche Bank, and Jefferies. This strategic hire follows the departure of veteran banker Prateek Jhawar.
Published on: April 6, 2026
Small finance banks in India have concluded fiscal year 2026 with robust business growth. These lenders experienced higher-than-average loan portfolio expansion, exceeding 20%. This positive trend was significantly supported by a revival in microfinance lending. Asset quality also saw notable improvement across these banking entities. This indicates a healthy recovery in the bottom of the pyramid borrower segment.
Published on: April 5, 2026
Banks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could impact genuine trade hedging. Corporates face challenges with payment delays and longer cargo movements due to global conflicts. Industry bodies are expected to formally raise these concerns with the RBI.
Published on: April 5, 2026
India Infrastructure Finance Company Ltd plans to double its investment in Infrastructure Investment Trusts. The company aims to reach Rs 6,000 crore in InvITs by March 2027. This move is part of its strategy to diversify investments. IIFCL is committed to supporting India's infrastructure growth. The company has shown strong financial performance and is set to continue its growth trajectory.
Published on: April 5, 2026
Banks are paying significantly higher rates for certificates of deposit, reaching near two-year highs. This reflects intense competition for funds and ongoing liquidity pressures. Several banks, including CSB Bank and Ujjivan Small Finance Bank, have offered elevated rates. This trend goes beyond seasonal year-end adjustments, indicating deeper funding challenges for lenders.
Published on: April 5, 2026
HDFC Bank has reported strong deposit growth, exceeding its assets under management expansion. This performance contrasts with the broader industry trend. The bank's current and savings account deposits also saw significant year-on-year growth. AU Small Finance Bank also experienced similar deposit growth outpacing its loan portfolio. This indicates a positive financial standing for these institutions.
Published on: April 4, 2026
Bandhan Bank reported a collection efficiency of 98.9% for March, an improvement from December's 98.1%, with assets under management growing 12.6% year-on-year. The bank's micro loan portfolio saw its collection efficiency rise to 98.6%, while the non-micro loan book improved to 99.3%. Loan and advances reached Rs 1.54 lakh crore by fiscal year-end.
Published on: April 4, 2026
AU Small Finance Bank reported a 22.8% year-on-year deposit growth to Rs 1.53 lakh crore at the end of March while its gross loan portfolio, which includes securitised loans, grew 21.3% year-on-year to Rs 1.40 lakh crore.
Published on: April 4, 2026
Low-cost bank deposits have fallen to a two-year low. This trend increases borrowing costs for banks. Savers are moving money to higher-return options like stocks and gold. Bankers anticipate an improvement as global uncertainty grows. This shift impacts bank profits and forces reliance on costlier funding sources.
Published on: April 3, 2026
Bank liquidity risk is expected to go down as the gap between credit and deposit growth narrows this financial year. Savers are likely to favor bank deposits over market investments due to geopolitical concerns and market volatility. Economists anticipate improved deposit growth, potentially boosted by interest rate hikes. This shift could lead to slower credit delivery.
Published on: April 3, 2026
The All India Punjab National Bank Officers' Association has written to the bank's managing director. They are requesting reconsideration of mass transfers for Scale IV officers and above. The union states these transfers will disrupt operations and impact the performance of the country's second-largest public sector lender.
Published on: April 3, 2026
Banks own ethics panel found high number of regulatory breaches while onboarding clients; Deloitte, Kroll also had conducted probe. Funding is at odds with bank CEO's statement that these were technical lapses.
Published on: April 3, 2026
India is introducing a new credit guarantee scheme to help industries facing higher costs due to the West Asia conflict. This initiative aims to ensure companies can access funding, easing concerns about rising input and logistics expenses. The government is proactively preparing to mitigate any economic stress.
Published on: April 3, 2026
PNB Housing Finance has been directed by the National Housing Bank to disclose an additional ₹933 crore in bad loans for March 2023. This divergence arose from non-compliant loan restructurings in FY22-23, where interest rates were reduced for competitive reasons. The company states there is no current financial impact.
Published on: April 2, 2026
The AIBEA said there is a need for HDFC Bank's 120 million customers, shareholders and also the general public to feel reassured, and hence sought Sitharaman's intervention in the matter.
Published on: April 2, 2026
A CAG report has highlighted significant issues at India Post Payments Bank. Accounts were opened without proper mobile number verification, and multiple customers were linked to a single number. The bank also experienced widespread account dormancy and a high rate of declined UPI transactions.
Published on: April 2, 2026
TVS Venu Group has agreed to acquire PGIM India Asset Management from Prudential Financial, including its asset management and trustee businesses. This strategic move will see TVS Venu Group expand its financial services portfolio, adding asset management to its existing operations.
Published on: April 2, 2026
Indian banks may see tighter margins. The Reserve Bank of India faces challenges injecting funds due to rupee volatility. Global risks could further impact bank earnings. Despite this, Indian banks are seen as resilient. Liquidity surplus in the banking system has decreased. Rupee pressure could limit the RBI's policy options. Direct foreign currency risks for banks remain limited.
Published on: April 2, 2026
RBL Bank has secured crucial approval from the Reserve Bank of India for its deal with Emirates NBD Bank. This clearance is expected to initiate a mandatory open offer to shareholders as early as next week. Emirates NBD Bank is set to acquire a majority stake in RBL Bank, marking a significant foreign investment in an Indian lender.
Published on: April 2, 2026
The Reserve Bank of India has tightened foreign exchange rules. Banks can no longer offer non-deliverable forward contracts to clients. This move aims to support the Indian rupee. The new regulations also prevent banks from rebooking derivative contracts and dealing with related parties. These measures are effective immediately and could impact banks and corporate treasuries.
Published on: April 2, 2026
The Delhi High Court has declined to halt the 2024 performance-linked incentive scheme for senior public sector bank officials. Bank employee unions challenged the scheme, arguing it unfairly benefits a small percentage of the workforce and contradicts bipartite settlements. The court has requested responses from the government and the Indian Banks Association.
Published on: April 1, 2026
Banks and telecom companies are developing a silent authentication mechanism to combat SIM cloning and eSIM swaps. This background check verifies mobile number and SIM card matches, flagging or blocking suspicious transactions in real-time without customer action. This move enhances security beyond traditional OTPs, aligning with new RBI mandates for two-factor authentication.
Published on: April 1, 2026
The Reserve Bank of India has tightened foreign exchange rules. Banks can no longer offer non-deliverable forward contracts involving the rupee to clients. This move aims to curb the rupee's decline. The central bank also stopped banks from rebooking cancelled derivative contracts. These new regulations are effective immediately. Bankers believe this makes it harder for banks to manage losses.
Published on: April 1, 2026
Indian Bank and four south-based private banks have announced robust financial results for the March quarter. Gross advances and deposits saw significant year-on-year growth. Lending to the RAM sector drove advances for Indian Bank. Private lenders also reported healthy expansion in advances and deposits, indicating a positive trend in the banking sector.
Published on: April 1, 2026
Axis Bank introduces a new digital feature for customers. You can now update your registered mobile number using Aadhaar-based face authentication directly on the mobile banking app. This eliminates the need for branch visits. The process involves three simple steps: entering your new number, completing face verification, and confirming with an OTP.
Published on: April 1, 2026
Banks' credit growth is projected to slightly slow to 13% in FY27, with a potential 0.20% rise in bad loans to 2.5% by March 2027, according to Crisil. MSME loans exposed to West Asia, along with micro-loans and unsecured advances, are key concerns. Other factors include Bihar's microfinance bill and Maharashtra's loan waiver impact.
Published on: April 1, 2026
Gold loans are booming, surging in both volume and value, driven by rising gold prices and increased originations. This trend positions gold loans as a major retail product, expanding beyond traditional areas into new regions. Lenders are focusing on credit-tested individuals, with women and rural consumers forming a significant base, indicating a mainstream shift for this lending category.
Published on: April 1, 2026
Corporate insurance premiums are falling sharply this renewal season. Property and commercial lines are witnessing steep declines. Intense competition and increased underwriting capacity are driving these price drops. Experts warn this trend could impact industry profitability. Buyers are benefiting from lower costs across various insurance segments. This market softness is unprecedented, affecting all business lines.
Published on: March 31, 2026
Banks are now favouring borrowers with top credit scores. This shift reflects caution in lending. New customers are also getting fewer loans. Despite this, the overall credit market is improving. Asset quality is better. Gold loans are seeing a surge in volume and value. They now lead retail lending.
Published on: March 31, 2026
Abu Dhabi's IHC Group has acquired a significant stake in Sammaan Capital. This infusion of capital will allow Sammaan Capital to double its asset base in three years. The company plans to focus on personal loans, gold loans and loans for small businesses. Financing electric vehicles is also a priority.
Published on: March 31, 2026
The lender launched 23 new branches across many states on Tuesday to take its overall branch size to over 603, as per a statement.
Published on: March 31, 2026
