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The Pension Fund Regulatory and Development Authority has approved four new pension funds. This expansion aims to increase non-government NPS subscribers significantly over five years. Digital initiatives are expected to attract millions of new subscribers annually. PFRDA emphasises accessibility and simplified onboarding for broader pension coverage. Conservative schemes have delivered strong annual returns, building on past successes.
Published on: August 7, 2026
Non-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 percent. Housing and vehicle loans, and gold jewellery loans showed robust growth. Credit to industry expanded by 6.7 percent, while services sector credit grew 17.6 percent. Agriculture and allied activities credit increased significantly by 17.9 percent.
Published on: August 7, 2026
Pension funds collect and invest money contributed by employees and employers to build a large financial pool with an endeavour to pay regular income streams to workers after they retire.
Published on: August 7, 2026
The Reserve Bank of India has proposed new leverage ratio requirements for banks. Globally systemic important banks will face a minimum 3.5% ratio plus a buffer. Domestic systemically important banks will continue with their 4% ratio mandate. Other commercial banks will maintain the existing 3.5% leverage ratio. These proposals align with the Basel Committee on Banking Supervision's framework.
Published on: August 7, 2026
The Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and NRE term deposits. This strategic shift ensures these loans will not factor into the mandatory priority sector lending requirements. Such measures have notably enhanced foreign exchange inflows. Additionally, there is a special facility available for banks to swap these deposits with the RBI.
Published on: August 7, 2026
Non-Banking Financial Company gold loans surged significantly by June 2026. Retail credit remained the primary driver for NBFC lending growth. Housing and vehicle loans also showed robust expansion during this period. Agriculture credit accelerated sharply, while industrial sector growth slowed down. Services sector lending moderated as trade and transport operators expanded credit slower.
Published on: August 7, 2026
State Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupees, marking significant growth for the bank. Asset quality indicators showed marked improvement year-on-year, with GNPA declining. The bank maintained its full-year credit growth guidance at fourteen to fifteen percent. SBI is deploying Responsible AI Policy to enhance cybersecurity and operational efficiency.
Published on: August 7, 2026
The Kochi-based microfinance company received sanction letters from overseas investors in January and it has time till September to draw down the funds.
Published on: August 7, 2026
India currently lacks a well-defined legal framework for virtual digital assets, even though these assets are recognized for tax purposes. In contrast, regions like the EU and US have established robust regulations. The establishment of a self-regulatory organization could provide essential industry standards, offering a bridge during the development of comprehensive legislation. This approach would create a supportive and innovation-friendly policy environment for India's digital asset sector.
Published on: August 7, 2026
State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is not currently a concern due to El Nino conditions.
Published on: August 7, 2026
The Reserve Bank of India's (RBI) draft directions proposing restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) could affect flexi and overdraft loan products across corporate, MSME and unsecured personal loan segments, according to a Morgan Stanley report.
Published on: August 7, 2026
Tata Sons is now an upper-layer NBFC, requiring its stock market listing. The Reserve Bank of India is reviewing its deregistration application. This classification mandates stricter regulations for at least five years. Tata Trusts wants Tata Sons to remain privately held. The Shapoorji-Pallonji Group seeks to unlock value through a listing.
Published on: August 7, 2026
CreditAccess India, the promoter of India’s largest pure-play microfinance lender CreditAccess Grameen, has sold a 2.28% stake through block deals to provide a partial exit opportunity to long-term investors. The stake sale is part of a broader plan to increase the company’s free float, bring in new investors and broaden institutional ownership, while the promoter continues to back CreditAccess Grameen’s long-term growth plans.
Published on: August 6, 2026
Banks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were financed by lenders. The Reserve Bank of India announced these regulations will take effect January 1, 2027. Banks must adopt a gradual approach when disabling devices, not immediately. Essential functions like incoming calls and emergency services remain accessible to borrowers.
Published on: August 6, 2026
In a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, NBFCs will be restricted to providing only term loans, effectively barring revolving credit offerings, though those currently authorized to issue credit cards are not affected. Standalone NBFCs will require prior permissions and significant funding to independently offer credit cards. The central bank is actively seeking input on these upcoming policies.
Published on: August 6, 2026
The government will likely not sell more LIC shares for eighteen to twenty-four months. LIC has until 2032 to meet minimum public shareholding norms. The company recently saw a 6.5 percent stake sale well received by markets. LIC achieved ten percent public float ahead of its May 2027 deadline. The insurer reported a twenty-three percent profit increase and premium income growth.
Published on: August 6, 2026
PNB Housing Finance anticipates its new micro-housing loan business will reach Rs 100 crore AUM. The company expects disbursements to accelerate now that policies and training are finalised. Leverage is projected to increase to nearly six within three years for organic growth. Funding costs remain stable, with potential for slight softening in market conditions. Construction finance lending has restarted conservatively, focusing on select cities and developers.
Published on: August 6, 2026
SBI Life and J&K Bank have partnered to offer comprehensive life insurance solutions. Over one thousand J&K Bank branches will now provide SBI Life's diverse insurance plans. This alliance aims to enhance financial security and expand coverage across India. The collaboration strengthens customer-centric approaches and delivers greater value to clients. It aligns with the goal of achieving insurance for all by 2047.
Published on: August 6, 2026
The Reserve Bank of India has classified Tata Sons as an Upper Layer NBFC. This classification follows revised norms for financial companies with significant assets. Tata Sons now faces enhanced regulatory and supervisory scrutiny from the central bank. The company must also comply with listing requirements within three years. This move impacts systemically important non-banking financial companies across India.
Published on: August 6, 2026
Standard Chartered secured in-principle approval to offer wealth management products in GIFT City. The International Financial Services Centres Authority granted this crucial regulatory approval. The bank plans to launch its retail wealth management offerings within the next few months. This move supports GIFT City's goal of becoming a leading international financial services hub. Standard Chartered is the first foreign bank to operate in GIFT City since 2020.
Published on: August 6, 2026
India's insurance sector anticipates significant long-term expansion driven by reforms and low penetration. Favorable regulations are attracting foreign investment and accelerating mergers and acquisitions. Both life and non-life segments show strong growth potential for insurers. However, macroeconomic challenges and inflation could dampen domestic demand.
Published on: August 6, 2026
India anticipates a balance of payments surplus in FY27. Stronger capital inflows and higher foreign direct investment will support this positive external position. Headline inflation for fiscal year twenty twenty-seven has been revised lower to five percent. Domestic activity improvements and easing supply pressures also boost GDP growth projections.
Published on: August 6, 2026
LIC OFS: The Indian government raised $3.3 billion by selling additional LIC shares in the country's biggest secondary stock offering after executing a tightly guarded stake sale. Officials kept the launch secret, accelerated the timeline, and expanded the offer following strong institutional demand. The sale lifts LIC's public shareholding to 10%, meeting SEBI's listing requirement well ahead of the 2027 deadline.
Published on: August 6, 2026
Central bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussions are ongoing regarding the payment mechanism's future and costs. The government is reportedly amending laws to allow merchant discount rates on select UPI transactions. This move follows Finance Minister Nirmala Sitharaman's introduction of a new bill. The central bank's current focus remains on strengthening UPI adoption across India.
Published on: August 5, 2026
The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around ₹4-5 lakh crore in the banking system. The central bank will then begin withdrawing excess liquidity through durable absorption measures.
Published on: August 5, 2026
The Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have strengthened India's balance of payments position. The central bank has not received any proposals for extending the deadline. This facility allows banks to swap overseas borrowings at concessional rates. The swap window has already attracted significant dollar inflows by July.
Published on: August 5, 2026
Financial regulators are exploring adding insurance surety bond exposures to a central credit database. This move aims to provide banks and rating agencies a clearer view of corporate leverage. Currently, these contingent liabilities often escape regulatory reporting requirements. Many government departments now accept these bonds instead of traditional bank guarantees. Expanding the database will strengthen credit appraisal processes for lenders.
Published on: August 5, 2026
HDFC Bank assured shareholders about its strong governance credentials. No US lawsuits have been filed against the bank following investigations. The bank's leadership stated they are well-positioned to defend any potential legal action. HDFC Bank is fundamentally strong with a pristine balance sheet. The integration with HDFC Limited is unlocking meaningful synergies for future growth.
Published on: August 5, 2026
The Reserve Bank of India kept its benchmark repo rate steady at 5.25 percent. It also raised its economic growth forecast and lowered inflation projections. Bankers welcomed the policy stability and proposed regulatory measures for transparency. The central bank's decision reflects confidence in the domestic economy's resilience. This move supports credit flow to productive sectors and financial inclusion.
Published on: August 5, 2026
"On 125th year, that means 2032, we have set a target of 35 lakh crore business. In June we are at 15 lakh crore. That means we have to become 2.3 times what we are. We will become a 35 lakh crore bank by 2032 and, with the support the bank is getting from the customers and the hard work of our employees, I am very confident that we will not only achieve, we will surpass that number also," Kumar said.
Published on: August 5, 2026
The Reserve Bank of India is resuming urban cooperative bank licenses after two decades. Eligible credit societies need a minimum capital of Rs 300 crore and Rs 10,000 crore deposits. Applicants must show positive financial trends and sound credentials over five years. Societies with over ten years of existence and multi-state presence are eligible. The central bank will assess the fit and proper status of directors before approval.
Published on: August 5, 2026
Deposit growth in India improved despite declining real interest rates, according to an SBI Ecowrap report. The report noted that deposit mobilisation remained resilient even with lower real returns. RBI's foreign exchange management enabled recouping foreign exchange reserves and vacating short-term forward positions. The central bank's policy communication showed a predominantly dovish profile, and loan pricing standardization is expected to enhance transparency.
Published on: August 5, 2026
The Reserve Bank of India will soon release a list of upper-layer NBFCs. New principle-based regulations will classify these financial companies into different layers. Companies in the upper layer will be required to publicly list their shares. Tata Sons may be included on this upcoming list of NBFCs. The central bank has not published this specific list since January 2025.
Published on: August 5, 2026
Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions. Payments above Rs 2,000 to large merchants are a possible focus. This aims to support the payment ecosystem's continued investment and growth. Everyday UPI payments and person-to-person transactions will likely remain free.
Published on: August 5, 2026
The Reserve Bank of India will resume issuing new licenses for urban cooperative banks. This process has been paused for over two decades due to past financial instability. Draft guidelines for resuming UCB licensing have now been issued by the central bank. The operating environment for these banks has significantly transformed since 2004. This move follows extensive feedback on a discussion paper concerning UCB licensing.
Published on: August 5, 2026
The Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring for rural cooperative banks is also planned. The central bank proposed standardizing lending rate frameworks for greater transparency. These announcements followed the decision to keep the policy repo rate unchanged. India's FY27 GDP growth forecast was raised to 6.7 percent.
Published on: August 5, 2026
Insurers must expedite flood claim settlements for affected policyholders. The regulator has directed immediate deployment of surveyors and loss assessors. Special district-level claims desks and 24x7 helplines will be established. Electronic communication is encouraged to speed up claim registration and payments. This directive follows heavy rains and floods which began on July 19.
Published on: August 4, 2026
India's microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and lender caution grew. The sector's portfolio shrank four percent to ₹3.26 lakh crore by June end. Business usually slows during this period, but rainfall added concerns. Lenders remain cautious about growing loans due to uncertain patterns.
Published on: August 4, 2026
The Income Tax Appellate Tribunal determined that employee stock options are not considered part of salary perks until they are exercised. Any gains from the repurchase of options, which have not yet been exercised, are to be taxed as long-term capital gains. This case revolved around a Flipkart executive who received ₹2.33 crore from repurchased stock options, affirming that the options are treated as capital assets.
Published on: August 4, 2026
For those under thirty-five, acquiring health insurance is vital for managing risks and financial burdens. Despite representing a substantial part of India's population, young adults typically purchase few policies. In response, Aditya Birla Health Insurance is unveiling innovative plans designed specifically for this younger audience. The firm recently experienced a striking fifty percent rise in gross written premium, showcasing the growing relevance of their offerings.
Published on: August 4, 2026
Policybazaar celebrated its Jeeto Apna Ghar program's sixth season for sales teams. This initiative now includes services teams, recognizing customer journey excellence. Over fifty houses and thirty-four cars have been awarded since its inception. This season saw ten employees win homes and ten others win cars. The program rewards employees for exceptional customer outcomes and dedication.
Published on: August 4, 2026
HSBC India's profit before tax rose four percent in the first half of 2026. Higher revenue from corporate and institutional banking fueled this significant profit increase. The bank's wealth and premier banking division, however, saw profits drop sharply. HSBC India also led in mobilising foreign currency deposits under a special RBI scheme. Globally, HSBC reported a substantial twenty-three percent rise in pre-tax profit.
Published on: August 4, 2026
India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement Systems Act. While no decision has been taken, the government is considering charging MDR only on large merchants or high-value transactions, potentially creating a ₹5,000-10,000 crore revenue pool for payment firms.
Published on: August 4, 2026
The Central Vigilance Commission has advised banks on training to prevent frauds. Lack of proper credit appraisal and monitoring is identified as a key reason for these issues. Banks and financial institutions are urged to conduct training programs focusing on these aspects. This advice comes as part of a preventive vigilance campaign for public administration. The commission seeks action taken reports by November 30.
Published on: August 4, 2026
Indian banks are raising significant dollar funds offshore to boost foreign currency deposits. Global banks are actively arranging these dollar bond and loan deals for Indian lenders. This fundraising effort aims to attract capital from non-resident Indians worldwide. The Reserve Bank of India's measures are fueling this increased demand for dollar debt. Indian banks could raise nearly forty-three billion dollars through offshore loans by 2026.
Published on: August 4, 2026
Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintech firms recover technology and infrastructure investments. The government is considering reintroducing MDR for UPI transactions with large merchants. These fees might apply to transactions exceeding two thousand rupees. This change aims to create revenue for payment companies while minimizing disruption.
Published on: August 3, 2026
Foreign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are leading banks in this deposit mobilization effort. This scheme aims to attract stable foreign currency inflows into India. The Reserve Bank of India's dollar swap facility received substantial funds till July 31. Overall inflows are projected to reach eighty to eighty-five billion dollars.
Published on: August 3, 2026
Finance Minister Nirmala Sitharaman introduced the Bankers' Books Evidence Bill, 2026 in Lok Sabha. This proposed legislation aims to update evidence rules for modern digital banking practices. It will replace the outdated Bankers' Books Evidence Act from 1891. The bill expands the definition of bankers' books to include all record formats. This future-ready framework will recognize electronic records and empower the central government.
Published on: August 3, 2026
Bank loans for India's technology infrastructure sector have doubled in two years. This growth reflects India's position as a global hub for data centers. Loans to IT services and digital infrastructure rose significantly year on year. This expansion is driven by data centers, GCCs, and IT enabled services. These segments are now showing robust growth in bank credit.
Published on: August 3, 2026
The promoter will infuse Rs 100 crore, taking its holding to 38.32% from 36.17%, people aware said. The company board approved the allotment of 38.5 lakh fully convertible warrants at Rs 260 apiece for cash. Satin received 25% of the payment upfront from the promoter, it said in a regulatory filing.
Published on: August 3, 2026
