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Piramal Finance is selling its 14.72% stake in Shriram Life Insurance to Sanlam Emerging Markets for ₹600 crore. This move aligns with Piramal's strategy to exit non-core assets and reinvest in its lending business. The transaction is expected to close by March 31, 2026, subject to regulatory approvals.
Published on: December 19, 2025
The Reserve Bank of India has fined Kotak Mahindra Bank Rs 61.95 lakh. The penalty is for not following rules on basic savings accounts and business correspondents. The bank also gave incorrect information to credit information companies. These violations were found during a recent inspection of the bank's financial position.
Published on: December 19, 2025
The recruitment drive was undertaken to induct young and dynamic talent into SBI's junior management cadre through one of the most significant hiring initiatives in the industry, building the bank's leadership pipeline and its long-term commitment to excellence in banking services, SBI said in a statement.
Published on: December 19, 2025
Japan's MUFG Bank is investing Rs 39,620 crore in Shriram Finance. This significant foreign direct investment will give MUFG a 20% equity stake. The partnership aims to boost Shriram Finance's growth in India's MSME and retail markets. MUFG plans to collaborate with Shriram Finance to enhance its services and reach. This move strengthens MUFG's presence in India's rapidly expanding economy.
Published on: December 19, 2025
Japanese mega banks are significantly increasing their investments in India's financial sector, seeking growth beyond their saturated home market. MUFG's substantial stake in Shriram Finance exemplifies this trend, joining recent deals by Mizuho and Sumitomo Mitsui. India's robust economic growth and rising credit demand offer Japanese institutions a compelling alternative to Japan's demographic challenges.
Published on: December 19, 2025
Parliament has passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill 2025, a move expected to boost the insurance sector's growth and accessibility. The legislation allows 100% foreign direct investment, strengthens policyholder protection, and enhances regulatory oversight, aiming for greater transparency and accountability across the ecosystem.
Published on: December 19, 2025
India's financial sector is experiencing a surge in major deals during 2025. Foreign banks are actively acquiring significant stakes in Indian lenders. These transactions, totaling $8 billion by September, mark a substantial increase. Key deals include MUFG's investment in Shriram Finance and Emirates NBD's acquisition of RBL Bank. Other notable investments involve SMBC, Blackstone, and Warburg Pincus.
Published on: December 19, 2025
Shriram Finance is set to receive a significant investment of Rs 39,617 crore from Japan's MUFG Bank. This preferential issue will grant MUFG a 20% stake in the company. The deal requires shareholder and regulatory approvals. Shriram Finance's board has also approved minority protection rights for MUFG and a non-compete fee payment.
Published on: December 19, 2025
India is rolling out significant financial services reforms, including allowing 100% foreign ownership in insurance and pension sectors, to attract foreign capital and fuel economic growth. These measures aim to boost investment in equities and long-term projects, supporting Prime Minister Modi's developed economy goal by 2047 amidst global trade tensions.
Published on: December 19, 2025
Standard Chartered Bank finds itself amidst a serious investigation involving its Bengaluru priority banking sector, as suspicions arise over the diversion of funds exceeding 80 crore rupees from accounts of high-net-worth individuals. This inquiry was initiated following the troubling report of a client who lost 2.7 crore rupees.
Published on: December 19, 2025
Mitsubishi UFJ Financial Group is set to invest $4.45 billion for a 20% stake in Shriram Finance, marking the largest FDI in India's financial services sector. This strategic move paves the way for an eventual acquisition, with MUFG aiming to increase its holding and gain majority control over time.
Published on: December 19, 2025
HDFC Bank and Bank of Baroda have collectively secured $1.5 billion in overseas loans, bolstering their liquidity amidst stabilizing interest rates. HDFC Bank raised $1 billion through a three-and-a-half-year loan, while BoB secured $500 million via a five-year pact, with MUFG and HSBC involved in the transactions.
Published on: December 18, 2025
Parliament's amendments to insurance laws aim to boost coverage, enhance policyholder protection, and strengthen regulatory oversight, aligning with India's development goals. The changes, including a Policyholders’ Education and Protection Fund and removal of FDI caps, are expected to deepen insurance penetration and support sector growth.
Published on: December 18, 2025
On the principle of 'One State One RRB', the Department of Financial Services, Ministry of Finance, has consolidated 26 Regional Rural Banks (RRBs) across 11 states/UTs, effective from May 1, 2025.
Published on: December 18, 2025
ICICI Bank has been issued a Goods and Services Tax (GST) demand notice of Rs 238 crore by tax authorities for alleged short payment. The notice includes Rs 216.27 crore in tax and Rs 21.62 crore as penalty. The bank intends to contest the order through legal channels.
Published on: December 18, 2025
Fitch Ratings maintains a 'Neutral' outlook for India's auto loan ABS sector for 2026, anticipating stable asset performance driven by resilient economic growth. Strong domestic demand and improved agricultural output are expected to support loan performance, with delinquency levels projected to remain stable.
Published on: December 18, 2025
In its order, the central government referred to multiple ADT-4 forms filed under Section 143(12) of the Companies Act, 2013 by the bank's statutory auditors. An ADT-4 dated May 12, 2025 flagged accounting discrepancies aggregating about ₹1,959.78 crore for the period from FY2015-16 to FY2023-24.
Published on: December 17, 2025
The Reserve Bank of India has imposed strict restrictions on Gauhati Co-operative Urban Bank. New loans are prohibited, and depositors can only withdraw up to 35,000 rupees for six months. These measures are in response to liquidity problems and supervisory concerns. The bank's operations are significantly curtailed to protect depositors' interests. The RBI will continue to monitor the situation closely.
Published on: December 17, 2025
The Rajya Sabha has passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, raising the FDI limit in the insurance sector to 100%. This move aims to extend insurance coverage to all by 2047 and facilitate mergers, while also establishing a Policyholders' Education and Protection Fund.
Published on: December 17, 2025
Mizuho Financial Group is acquiring a controlling stake in Indian investment bank Avendus, allowing KKR to exit its nine-year-old investment. The deal values Avendus at ₹5,900 crore, translating to a 3.5x return for KKR.
Published on: December 17, 2025
State Bank of India's Managing Director Ashwini Kumar Tewari will continue in his role. The Centre has approved an extension of his tenure. He will now serve until December 31, 2027. This follows his current term ending in January 2026. Tewari previously led SBI Card. His reappointment is effective from when he assumes charge.
Published on: December 17, 2025
The Supreme Court said banks can be held liable for deficiency of service if laxity leads to cyber frauds such as digital arrests, and stressed the need for an early-warning system to alert account holders. Citing losses of about ₹3,000 crore, the court called the scale of such frauds shocking and urged the government and regulators to plug systemic gaps.
Published on: December 17, 2025
Shriram Finance's board will convene to consider a potential equity stake sale to Japan's MUFG, with reports indicating advanced talks for a 20% stake valued at approximately Rs 23,200 crore. This move signifies growing Japanese interest in Indian financial services and could represent the largest FDI in the NBFC sector to date.
Published on: December 17, 2025
Mizuho Securities is set to acquire a majority stake in Indian investment bank Avendus from KKR. This move will make Avendus a consolidated subsidiary of the Japanese financial group. The acquisition highlights the increasing presence of Japanese financial institutions in India's rapidly growing economy.
Published on: December 17, 2025
State Bank of India's chairman CS Setty has reshuffled top management portfolios following the arrival of new MD Ravi Ranjan. Ranjan will now oversee risk, compliance, and stressed assets, while Rana Ashutosh Kumar Singh takes charge of international banking, global markets, and technology. The changes aim to streamline operations and leverage expertise across key banking functions.
Published on: December 16, 2025
Kotak Mahindra Bank is restructuring its microfinance portfolio, significantly reducing joint liability group (JLG) loans to focus on individually underwritten loans. The bank aims to rebuild its microfinance book to previous levels, cautiously expanding to manage the cyclical nature of the business. Early indicators for its new underwriting model are encouraging, with improved collection efficiency.
Published on: December 16, 2025
The scheme would encourage banks to lend to microfinance institutions (MFIs), especially the smaller ones, which are facing liquidity crunch amid limited access to bank funding. An announcement to this end is likely in the 2026 budget, people cited above said. The likely size of the guarantee programme is not known.
Published on: December 16, 2025
Union Finance Minister Nirmala Sitharaman introduced the Sabka Bima Sabki Raksha Bill, 2025, proposing to raise FDI in the insurance sector to 100%. The bill aims to provide insurance to all by 2047, amending key insurance laws and establishing a policyholder protection fund. This move seeks to accelerate sector growth and enhance policyholder security.
Published on: December 16, 2025
HDFC Bank has secured RBI approval for its group entities to collectively hold up to 9.50% in IndusInd Bank. This approval, valid for one year until December 14, 2026, allows for aggregate investments by entities like HDFC Mutual Fund and HDFC Life. The bank sought this increase as combined group investments were projected to exceed the previous 5% limit.
Published on: December 16, 2025
The time taken to put a cyber insurance cover in place has shrunk dramatically to just a few days from six to seven months earlier, as companies move quickly to hedge against operational disruption, regulatory fines and potential indemnification exposure, said insurers and brokers.
Published on: December 15, 2025
The bank has not yet finalised the clawback period, which is likely to span two to three years. The proposed action is based on findings from multiple internal and external reports commissioned by the bank, including reviews conducted by Grant Thornton, PwC and EY, they said. The three executives were at the helm of IndusInd when the non-state bank discovered accounting discrepancies in internal derivative trades, which caused it a loss of about Rs 2,000 crore.
Published on: December 15, 2025
According to the report, delinquency levels in the micro-LAP segment rose by 45 basis points (bps) year-on-year to 3.3% as of September 2025. Early delinquencies-measured as loans 90 days or more past due within 12 months on book-increased by 29 bps YoY to 2.2% for originations in the quarter ended September 2024. This is significantly higher than overall LAP early delinquencies of 1.6%.
Published on: December 15, 2025
If any foreign company operating in India incurs any expenses outside India but that is also related to Indian business, Section 44C allows the deduction for that expense, but it is subject to the restriction provided in the provision. The restriction limits the expense to the tune of 5% of adjusted total income of the Indian business, it said.
Published on: December 15, 2025
India's largest bank also plans to put 10,000 people on the ground to guide people to transition to the digital banking application as it pushes towards a uniform application on the mobile, web and branch banking.
Published on: December 15, 2025
RBL Bank's Chief Financial Officer, Buvanesh Tharashankar, has resigned effective December 15, 2025, to pursue external opportunities. The bank has accepted his resignation and appointed an interim successor as per its succession plan. Formalities for a permanent replacement are underway.
Published on: December 15, 2025
State Bank of India has appointed Ravi Ranjan as its new managing director, effective December 15, 2025. Ranjan, previously a deputy managing director, will serve until his superannuation on September 30, 2028. The Central government made the appointment, and Ranjan is not disqualified from holding the position.
Published on: December 15, 2025
The total authorized capital of SMFCL is Rs 1,000 crore and its paid-up share capital is Rs.1,000 crore. Total equity investment as on March 31, 2024 stood at Rs.541.79 crore. The NBFC handed over a cheque of Rs 15.88 crore to the centre as the Final Dividend for fiscal 2024-25.
Published on: December 15, 2025
Japanese financial giant MUFG is close to acquiring a significant stake in India's Shriram Finance. The deal could be worth over 500 billion yen. This move signals growing foreign investment in India's booming financial sector. Shriram Finance offers loans for commercial vehicles, tractors, and SMEs. Talks are advanced, with an agreement potentially coming soon.
Published on: December 15, 2025
The Indian government held roadshows in London to gauge investor interest for a minority stake sale in state-run General Insurance Corp of India (GIC). This move is part of a plan to sell a total of 10% stake in the insurer to meet regulatory public shareholding norms. Officials met investors to seek feedback on the divestment strategy.
Published on: December 15, 2025
The Indian government is set to introduce a bill to raise FDI in the insurance sector to 100%, aiming for universal insurance by 2047. The proposed legislation will also allow mergers of non-insurance companies with insurance entities and establish a Policyholders' Education and Protection Fund.
Published on: December 15, 2025
Axis Bank is expanding its private banking and wealth management services, hiring 50 senior bankers and planning to launch investment funds from GIFT City. This move aims to cater to India's growing wealthy population, with the bank extending its reach to tier 2 cities and beyond to capture rising demand.
Published on: December 15, 2025
Board of the homegrown investment bank is scheduled to meet on Tuesday to okay transaction valuing I-banker at Rs 5,900 crore. KKR looks to make 3.5x rupee return from 9 year old investment.
Published on: December 15, 2025
Bankers said the move will delay margin recovery since they cannot cut deposit rates sharply due to stiff competition from alternative investment avenues such as mutual funds.
Published on: December 14, 2025
In a recent order, the National Company Law Tribunal (NCLT) rejected the proposed sale of two IL&FS-owned commercial properties -Mafatlal Chambers and Trade World -citing undervaluation.
Published on: December 14, 2025
The refinancing was anchored by Tata Capital with a commitment of about ₹800 crore, alongside Investec at ₹300 crore. Other lenders and investors in the syndicate include Vivriti Capital (₹200 crore), Hero FinCorp, Hero Corp, DSP, Oxyzo and a clutch of family offices, taking the total deal size to around ₹2,300 crore.
Published on: December 14, 2025
The Reserve Bank of India has directed banks to link MSME loans to an external benchmark with a three-month reset clause to improve monetary policy transmission. Existing borrowers can switch to this regime under mutually agreed terms.
Published on: December 14, 2025
State Bank of India is launching YONO 2.0, a new version of its mobile banking app. The bank aims to double its YONO user base to 20 crore customers within the next two years. This upgrade offers enhanced digital experiences and seamless integration across banking channels. SBI also anticipates strong credit growth driven by its RAM segment.
Published on: December 14, 2025
The Asian Development Bank (ADB) has approved a $108 million results-based loan to support the Government of Mizoram in strengthening its public health care system and achieving universal health coverage.
Published on: December 14, 2025
Agentic AI is revolutionizing frontline banking sales by automating complex workflows and administrative tasks. This technology enables relationship managers to focus on high-value client interactions, leading to significant revenue increases and cost reductions. Banks are adopting agentic AI as a new operating model for enhanced productivity and client engagement.
Published on: December 13, 2025
State Bank of India and Indian Overseas Bank have reduced lending rates by 25 basis points, mirroring the RBI's policy rate cut. This move makes loans cheaper for existing and new borrowers, impacting EMIs for retail, MSME, and corporate clients. MCLR and Base Rate have also been lowered.
Published on: December 12, 2025
