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The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to make these deposits more attractive to overseas depositors. Banks expect to offer higher interest rates, potentially up to 100 basis points. This initiative seeks to increase dollar inflows through banking channels and revive interest in FCNR(B) deposits.
Published on: June 5, 2026
A forensic review has confirmed a Rs 646 crore fraud at IDFC First Bank's Chandigarh branch was an isolated incident. The fraud involved collusion between bank employees, government officials, and third parties. The bank has paid back the principal amount and interest. IDFC First Bank has implemented new controls to prevent future collusion risks at the branch level.
Published on: June 5, 2026
The Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Your Customer regulations and for errors in account classification. In a related case, Puran Associates Pvt Ltd has received a Rs 3.1 lakh penalty related to asset classification concerns.
Published on: June 5, 2026
The Reserve Bank of India is proposing new rules for bank deposit interest rates. Banks will need to publish their rates daily. They can also offer different rates on large deposits depending on how stable the money is. This change aims to make deposit pricing more transparent and linked to liquidity.
Published on: June 5, 2026
With the looming cybersecurity risks posed by the Mythos platform, the Reserve Bank of India is taking significant precautions. They've already reached out to various financial entities, sharing essential advisories. Deputy Governor Swaminathan J reassured that they are well-equipped to handle any challenges that arise.
Published on: June 5, 2026
Reserve Bank Governor Sanjay Malhotra stated that paying interest rates higher than disclosed is unacceptable to the central bank. While acknowledging healthy competition for deposits, he stressed the need for transparency from banks. Malhotra also indicated an upcoming updated list of upper layer NBFCs.
Published on: June 5, 2026
The Reserve Bank of India permits banks to offer different interest rates on deposits. These rates must be transparent and follow specific rules. This comes after allegations that HDFC Bank routed differential interest payments to a state agency through its marketing budget. HDFC Bank has denied these claims, stating its internal controls are strong.
Published on: June 5, 2026
HDFC Bank is facing a barrage of governance allegations and panic. However, court relief and regulatory reassurances indicate no material adverse findings. Separate developments have been combined to create a perception of failure. Key facts counter this narrative, suggesting a deliberate effort to damage the bank's reputation. The bank remains systemically critical and financially sound.
Published on: June 5, 2026
GIFT City, India's international finance hub, is experiencing intense competition for talent as two foreign bank chiefs have recently resigned. Taral Shah of DBS Bank and Saiju Gandhi of Standard Chartered have left their roles, highlighting a challenge for the growing hub. This comes as global banks expand their presence, attracted by tax incentives and a lighter regulatory framework.
Published on: June 5, 2026
Banks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. While the credit guarantee provides 70-80% default coverage, its rigid caps on bank lending rates and strict margin rules for microfinance companies have made it a non-starter so far in terms of loan disbursement, they said.
Published on: June 4, 2026
A confidential PwC review of IndusInd Bank's treasury operations revealed significant accounting irregularities. Manual entries were used to mask over ₹2,200 crore in trading losses, inflating profits and assets by ₹1,817.58 crore. The report highlighted a disconnect between the bank's risk management and trading desks, leading to overstated financial figures.
Published on: June 4, 2026
Forecasts for FY27 suggest a modest rise in bad loans for microfinance institutions, a development stemming from the adjustments following the post-pandemic surge. The upcoming FY26 is predicted to offer some respite through accelerated write-offs, yet lenders are tightening their belts.
Published on: June 4, 2026
Gunjan Samtani, co-chairman of Goldman Sachs India and head of its India global center, will retire by year-end after 16 years. Ken Castelino and Balaji Sivasubramanian have been appointed as co-heads to succeed him, overseeing the bank's tech and operations center in India.
Published on: June 4, 2026
Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth management and credit card services in the latter half of the current fiscal year. Development of cash management services for corporate clients is also underway. These initiatives aim to boost the bank's financial performance and non-interest income.
Published on: June 4, 2026
Mastercard is targeting India's expanding credit-on-UPI market. The company is looking beyond traditional card payments for future growth. Mastercard is focusing on new customer segments and underserved markets. They are also developing solutions for commercial payments. Mastercard aims to be part of all emerging payment technologies.
Published on: June 3, 2026
Indian banks face a new era of resilience. RBI Deputy Governor Swaminathan J highlighted the need to manage complex uncertainties from geopolitics, climate change, and AI. This shift moves beyond balance sheet stress. Banks must adapt to unpredictable risks. The Indian financial system is entering this phase with strong fundamentals.
Published on: June 3, 2026
India's insurance market is set for rapid expansion, becoming the world's fastest-growing. Projections show significant annual growth over the next decade. This surge is fueled by a large underinsured population and evolving demographics. Key segments like health, life, and property and casualty insurance will see substantial increases. Government initiatives aim to boost access and stability.
Published on: June 3, 2026
Top executives are exiting established general insurance firms to launch new entrepreneurial ventures. This trend is fueled by India's vast, under-penetrated insurance market and supportive regulatory reforms. Private equity firms are actively funding these new ventures, recognizing the immense investment potential. Experienced leaders bring crucial expertise, accelerating growth in this dynamic sector.
Published on: June 3, 2026
State Bank of India Chairman CS Setty anticipates a Reserve Bank of India interest rate pause to foster stable growth. He highlighted India's future economic expansion depends on boosting entrepreneurship, improving market access, and investing in its large young population. Banks must scale up financing for infrastructure, manufacturing, and green initiatives to meet ambitious targets.
Published on: June 3, 2026
Kotak Alts has successfully raised one billion dollars for its fourteenth real estate fund. The Abu Dhabi Investment Authority anchored the fund with over six hundred seventy-five million dollars. The National Pension Service of the Republic of Korea also made its first investment in Indian alternatives. This fund will finance growth and development across Indian real estate.
Published on: June 3, 2026
Japanese banks are increasingly shifting their Asia strategy from China to India and Southeast Asia as slowing growth, rising costs and geopolitical risks reduce China's appeal. Over the past five years, Japanese regional banks have cut their branch presence in China by about 20%, while lending by Japan's three megabanks in the country has fallen by as much as 40%.
Published on: June 3, 2026
During 2025-26, ARCs acquired stressed debt worth more than Rs 2 lakh cr, comprising Rs 1.5 lakh cr of corporate loans and Rs 50,000 cr of retail assets. Retail acquisitions increased Rs 54,727 cr year-on-year, while corporate acquisitions expanded Rs 1.5 lakh cr.
Published on: June 2, 2026
The new complaint alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial records, evergreening of microfinance loans, suppression of audit findings and attempts by senior management and board members to conceal irregularities.
Published on: June 2, 2026
Tamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 cr at the end of March, while Karnataka recorded a mere 1.1% growth during the period, data from credit information company Crif High Mark showed. Karnataka had outstanding microfinance loans of Rs 28,600 cr at March-end.
Published on: June 2, 2026
Banks are flagging increased fraud and loan defaults within self-help groups. To combat this, lenders are suggesting mandatory unique registration numbers for groups and their members. A central registry for cross-verification is also proposed. This aims to improve transparency and track loan exposures effectively. The government is already monitoring SHG-bank linkages.
Published on: June 2, 2026
Fintech lenders now lead India's personal loan market by loan count. These digital NBFCs are disbursing small-ticket loans, reaching more customers in smaller cities and younger demographics. Their loan book has grown significantly, and asset quality is improving. Fintech lending is becoming a key part of India's retail credit landscape.
Published on: June 2, 2026
Generali Central Life Insurance plans to double its business to Rs 2,000 crore in three years. The company will leverage its partnership with Central Bank of India and agency networks. New product launches are also planned. An AI-driven platform, Digital Smart Manager, will assist customers and advisors. The insurer recently declared a bonus of Rs 102.54 crore for FY26.
Published on: June 2, 2026
The Reserve Bank of India is taking a closer look at its credit loss regulations, which may result in higher borrowing costs for small and mid-sized firms. With rating agencies recently exceeding default rate benchmarks, there is a chance of elevated risk weights for these businesses.
Published on: June 1, 2026
Indian banks are offering more loans at lower interest rates. Almost two-thirds of all bank credit now has rates below 9%. This shift follows a year of aggressive rate cuts. While credit growth is strong, banks' profit margins face pressure. Metropolitan areas and public sector banks lead lending. Agriculture and industrial credit also accelerated. Personal loan growth moderated.
Published on: June 1, 2026
Avaada Group has achieved a major milestone. The company announced financial closure for its firm and dispatchable renewable energy project in Bikaner. This marks India's largest fundraise in the segment. Avaada also secured debt financing for two 300 MW solar power projects in Rajasthan and Gujarat.
Published on: June 1, 2026
Axis Bank has boosted its stake in Axis Max Life Insurance. The bank and its subsidiaries now hold 19.99 percent of the insurer. This move follows an investment of up to Rs 380 crore. The Reserve Bank of India granted approval for this investment. Axis Max Life Insurance reported a gross written premium of Rs 38,877 crore for FY26.
Published on: June 1, 2026
Real estate businessman Vikram Wadhwa has been arrested by the Enforcement Directorate. The arrest is linked to an alleged Rs 645 crore fraud. The investigation involves accounts maintained with IDFC First Bank. Funds were allegedly siphoned from government and school accounts. Wadhwa is considered a key accused in the conspiracy. The ED is tracing the flow of these funds.
Published on: June 1, 2026
Banks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industries affected by the West Asia conflict. The scheme aims to provide crucial liquidity and prevent job losses. It offers additional credit and guarantees to eligible businesses.
Published on: June 1, 2026
Indian banks are witnessing a significant shift as nearly two-thirds of credit now carries sub-9% interest rates, a consequence of aggressive RBI rate cuts. This trend, while fueling robust credit growth across sectors, is pressuring banks' net interest margins. The household sector continues to drive borrowing, with personal loans seeing a notable moderation.
Published on: June 1, 2026
Unified Payments Interface transactions reached record highs in May. Summer travel and the IPL fueled this surge. Value and volume of transactions saw significant growth. This indicates strong organic demand and a maturing digital payment ecosystem. Future growth is expected from credit-on-UPI and cross-border transactions.
Published on: June 1, 2026
Aadhar Housing Finance aims to boost its asset under management to Rs 50,000 crore by FY29, projecting an 18-20% loan growth annually. The company, focused on the low-income segment with loan ticket sizes under Rs 15 lakh, reported a net profit of Rs 1,108 crore in FY26. This growth is supported by favorable demographics, formalization, and government schemes like PMAY.
Published on: June 1, 2026
Mahindra and Manulife's joint venture, Mahindra Manulife Insurance Ltd (MMIL), has officially been incorporated. This new entity aims to be a customer-first, digitally led life insurer, leveraging Mahindra's extensive Indian network and Manulife's global expertise.
Published on: June 1, 2026
Corporate India's March quarter net profit surged 25.3%, driven by non-operating factors, masking operating challenges like rising input costs that squeezed margins. While FY27 outlook is positive with infrastructure focus, risks include commodity inflation and geopolitical issues. Sector-specific performance is expected, with metals and energy poised for growth.
Published on: June 1, 2026
Indian banks anticipate asset quality stress from the second quarter due to the West Asia conflict. Rising fuel prices will reduce consumer spending. Higher input costs will impact corporate profits. Small and medium enterprises face significant pressure. Lenders are becoming cautious about lending to this segment. This situation will be visible in upcoming financial results.
Published on: May 31, 2026
IIFCL aims for a record ₹75,000 crore in loan sanctions this financial year. The government has removed SIFTI restrictions, giving the lender more flexibility. This allows IIFCL to finance larger projects and participate more broadly in infrastructure development. The company expects stronger growth and faster credit expansion through new lending products.
Published on: May 31, 2026
Indian banks and financial firms are increasingly using AI for critical tasks like fraud prevention and decision-making. While early adopters are seeing success, many companies still face hurdles in infrastructure and governance. AI is now integral to core operations, not just customer service. Future plans focus on boosting productivity and customer growth through AI.
Published on: May 31, 2026
Insurance giant LIC is exploring a fintech arm to boost digital capabilities. The company is also prepared for potential further stake dilution by the government. LIC has recently rewarded shareholders with a bonus issue and increased dividend. The company reported a significant net profit increase for the March quarter.
Published on: May 31, 2026
Indian banks will see a slight dip in their return on assets this fiscal. This is due to lower treasury income and early provisions for a new accounting rule. Despite this, profitability will remain strong, well above historical averages. Net interest margins are expected to stay stable. Credit growth will continue to be healthy.
Published on: May 30, 2026
Circulate Capital has committed $150 million from its second fund to Indian recycling companies, building on initial successes. The firm, backed by major corporations and development finance institutions, is expanding its focus to critical materials like metals, aiming to diversify supply chains away from China.
Published on: May 30, 2026
India Infrastructure Finance Company Ltd (IIFCL) aims for Rs 75,000 crore in sanctions for FY26, a significant increase. This expansion follows the removal of key lending restrictions, opening new avenues for growth. IIFCL achieved its highest-ever sanctions in FY25-26, with disbursements also rising. The company is exploring emerging sectors and strengthening its conventional project pipeline.
Published on: May 30, 2026
Although number of frauds for public and private sector banks reduced, the amount involved has increased over the years. Number of frauds was highest under card, internet, and digital payments category in the past two financial years.
Published on: May 29, 2026
The Supreme Court is examining an appeal by Lilavati Kirtilal Mehta Medical Trust, which had accused HDFC Bank MD Sashidhar Jagdishan of bribery. The Bombay High Court had previously quashed the case. The Supreme Court has asked for responses from the CBI and Mumbai Police. It noted that personal benefit allegations might still need scrutiny.
Published on: May 29, 2026
Public sector banks received guidance from the Centre to prepare for global uncertainties. The finance ministry reviewed bank performance and launched a portal for unclaimed financial assets. Banks were urged to adopt austerity measures and support borrowers under the ECLGS 5.0 scheme. Efforts to strengthen digital banking and credit access for MSMEs were also discussed.
Published on: May 29, 2026
Indian banks will see a dip in their return on assets this financial year due to less income from investments and banks setting aside money early for new credit loss rules, Crisil said. Net interest margins are expected to stay steady; competition for deposits is increasing, potentially raising funding costs for banks, it added.
Published on: May 29, 2026
Online PSB Loans (OPL) is in advanced talks to bring AvenuesAI on board as a minority stakeholder, with AvenuesAI planning to acquire a 7% equity stake. This strategic investment will see AvenuesAI become the sole AI-led platform in OPL's investor consortium, enhancing credit access for the underserved through a blend of AI, payments technology, and public-sector digital banking.
Published on: May 29, 2026
