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"The company was formed in a hurry with the idea of starting operations quickly, while branding the institution was not an immediate priority," said one of the persons cited above. "However, over the last few months, the government is keen to rename it to reflect the work undertaken by them," the person added. NaBFID was established under the National Bank for Financing Infrastructure and Development Act, 2021, and is 100% owned by the government.
Published on: November 4, 2025
The microfinance loan portfolio saw a decline in the September quarter. However, lenders reported better asset quality. Disbursements increased, with a rise in larger loan amounts. Borrower exposure to multiple lenders also grew, indicating adherence to new regulations. This shows a resilient sector balancing growth and sustainability.
Published on: November 4, 2025
In a transformative step forward, the State Bank of India is unveiling a robust initiative designed to overhaul its Know Your Customer process. Soon, customers will streamline their experience by providing KYC information just once at any SBI branch. This visionary project is set to be realized by March 2026.
Published on: November 4, 2025
SBI Chairman CS Setty stated the bank is ready to partner with foreign banks for acquisition finance. This follows the Reserve Bank of India's announcement to permit local banks to fund domestic acquisitions. SBI will leverage its in-house expertise and existing corporate finance vertical for these deals. The bank also plans a revamped Yono app launch by December.
Published on: November 4, 2025
Finance Minister Nirmala Sitharaman addressed concerns about bank privatisation. She stated that nationalisation in 1969 did not fully achieve its financial inclusion goals. Government control led to unprofessionalism in public sector banks. Sitharaman expressed confidence that professionalised banks will better serve national and banking interests. The government is proceeding with IDBI Bank's privatisation and has consolidated other public sector banks.
Published on: November 4, 2025
State Bank of India has reported strong growth in its loan book for the September quarter. Advances rose by over 12 percent year-on-year. The bank's total business has now crossed the ₹100 trillion mark. Retail, agriculture, and SME lending showed significant momentum. Profitability also saw a healthy increase, driven by non-interest income.
Published on: November 4, 2025
Bajaj Finance achieved record consumer loan disbursals this festive season. The company saw a 27 percent growth in loan volume and 29 percent in value. Government reforms in GST and income tax boosted consumer spending power. Over half of the customers were new to credit, promoting financial inclusion. This indicates a positive trend in India's consumption-led growth.
Published on: November 4, 2025
IndusInd Bank, following an organizational overhaul and accounting lapses, anticipates growth aligned with the banking sector in FY27. The new CEO, Rajiv Anand, aims for a 1% return on assets within 18 months and plans to focus on commercial vehicle financing while reducing microloan exposure. The bank does not currently require capital raises from external investors.
Published on: November 4, 2025
KKR plans to significantly increase its investments in India, aiming to deploy $90-100 billion globally in 2025 with India accounting for a substantial portion. The firm will expand its focus across healthcare, consumer, technology, financial services, and infrastructure, including manufacturing and corporate bonds.
Published on: November 4, 2025
The government is gearing up for a comprehensive review of digital banking units with the goal of amplifying financial inclusion and simplifying customer interactions. These innovative units will aid in efforts such as regular customer verification and reclaiming unclaimed assets.
Published on: November 3, 2025
The Delhi High Court ruled banks acting in good faith are not accountable to courts for economic decisions. Courts should not entertain easy claims of financial misconduct against banks without solid proof. This decision protects the banking system from frivolous public interest litigations. It prevents speculation from disrupting legitimate commercial transactions and safeguards banks' reputations and operations.
Published on: November 3, 2025
In light of the anticipated US tariffs and global economic fluctuations, Bank of Baroda predicts an uptick in credit costs exceeding 0.2 percent. With plans to aggressively expand its footprint in the home loan sector, the bank, despite a noteworthy improvement in asset quality, maintains a cautious credit cost guidance of 0.75 percent amid prevailing uncertainties.
Published on: November 3, 2025
Kshema General Insurance secured $20 million from the Green Climate Fund for its 'Harnessing Insurance for Climate Resilience in Indian Agriculture' project. This initiative aims to expand microinsurance coverage for smallholder farmers facing climate-induced losses and enhance the company's underwriting capacity. The investment will also bolster Kshema's proprietary technology platform for customized insurance solutions and advisory services.
Published on: November 3, 2025
PNB Housing Finance is close to appointing a new Managing Director and CEO. Four candidates have been shortlisted, with Ajai Shukla of Tata Capital Housing Finance leading the race. The company has submitted the names to regulators for approval. This appointment follows multiple leadership changes in recent years. An update on the selection process is expected soon.
Published on: November 2, 2025
State Bank of India has launched 'SBI STAR', an annual award recognizing employees' excellence beyond professional roles in arts, sports, social work, and more. This initiative aims to celebrate the diverse talents and personal accomplishments of its over 2,45,000 employees, fostering a culture of recognition and pride.
Published on: November 2, 2025
State Bank of India has successfully completed its first gold trade on the India International Bullion Exchange. This marks a significant step towards modernising India's gold imports. The move promises greater efficiency and transparency for the entire bullion and jewellery sector. It will particularly benefit small and medium-sized jewellers. SBI's participation aims to boost liquidity and competitive pricing.
Published on: November 1, 2025
High-value Rs 2,000 notes worth Rs 5,817 crore remain in circulation. The Reserve Bank of India announced their withdrawal in May 2023. Most notes have been returned, with 98.37 percent accounted for. The Rs 2,000 banknotes continue to be legal tender. People can still exchange them at RBI issue offices or send them via India Post.
Published on: November 1, 2025
Gold loans and renewable energy sector financing have surged, more than doubling to Rs 3.16 lakh crore and Rs 14,842 crore respectively. This contrasts with decelerated growth in bank credit to NBFCs and HFCs, which saw modest increases of 3.9% and 0.2% respectively. Consumer durable and personal loans also experienced slower growth.
Published on: October 31, 2025
AU Small Finance Bank announced Deputy CEO Rajeev Yadav has resigned. He is leaving to explore new career paths. Yadav expressed gratitude for his time at the bank. He wished AU Small Finance Bank continued success. This marks a significant change in the bank's leadership. The departure comes after 18 months of service.
Published on: October 31, 2025
Abu Dhabi's International Holding Company is set to acquire a 43.46% stake in Sammaan Capital for a substantial USD 1 billion. This significant investment, channeled through its affiliate Avenir Investment RSC Ltd, marks IHC's entry into India's financial services sector. The deal, approved by Sammaan Capital's shareholders, aims to bolster lending and credit solutions with AI integration.
Published on: October 31, 2025
Unified Payments Interface (UPI) dominated festive season payments, with transaction values surging to Rs 17.8 lakh crore, indicating strong consumer spending and demand revival. Debit card usage also saw a significant increase, while credit card transactions showed restraint. This trend suggests a buoyant private consumption outlook for the current quarter.
Published on: October 31, 2025
HDFC Bank's board has approved Kaizad Bharucha's reappointment as deputy managing director. This reappointment is for a three-year term and requires approval from the Reserve Bank of India. Bharucha has a long association with the bank, joining in 1995. He plays a key role in strategic direction across various banking segments.
Published on: October 30, 2025
Indian banks are experiencing a surge of foreign investment that’s akin to a refreshing breeze in a competitive atmosphere. This wave of investment injects vital capital and advanced technology into smaller banks, enabling them to vie against industry titans. As corporate lending opportunities expand, retail banking still presents its own set of challenges.
Published on: October 30, 2025
Banks are being urged to double their target for issuing Micro Enterprise Cards this year. This initiative aims to provide quick working capital credit to eligible micro businesses. The government has finalized a model scheme for these cards, which offer a credit limit of up to ₹5 lakh.
Published on: October 30, 2025
Banks are proactively setting aside extra funds. This is in preparation for a new expected credit loss framework starting in 2027. Some lenders are also covering anticipated stress in microfinance loans. This move aims to strengthen balance sheets ahead of regulatory changes and potential challenges. Banks are building buffers to meet future requirements.
Published on: October 30, 2025
Get ready for a seamless payment experience with Samsung Wallet, as it will soon enable users to complete small UPI transactions effortlessly using just their fingerprint or face recognition. Say goodbye to memorizing your PIN for those daily payments! Plus, new Samsung smartphones will make it easier than ever to onboard your UPI account right from setup.
Published on: October 30, 2025
Bank deposit growth has slowed. Credit growth remains steady. This creates a wider gap between the two. Lower interest rates are making bank deposits less appealing to savers. Funds are shifting from current and savings accounts to fixed deposits for better returns. This trend presents a significant challenge for banks.
Published on: October 30, 2025
HDFC Bank's board has approved Kaizad Bharucha's return as Deputy Managing Director. His tenure will be for three years. This decision awaits approval from the Reserve Bank of India and bank shareholders. Bharucha currently guides the bank's assets franchise, covering retail loans, rural banking, and MSME sectors. He also oversees wholesale segments like emerging corporate and corporate banking.
Published on: October 30, 2025
UPI is now the dominant payment method in India, surpassing debit cards. Debit card usage at stores has fallen significantly. UPI's ease of use and merchant benefits are driving this shift. Credit cards still lead in high-value purchases. The future sees UPI expanding further, impacting traditional payment methods.
Published on: October 30, 2025
India Fintech Foundation has alerted the Finance Ministry and RBI about a major risk on UPI. Two companies now control over 80 percent of UPI transactions. This dominance stifles smaller competitors and limits innovation. The Foundation proposes capping incentives for large players and encouraging partnerships with smaller ones. This aims for fairer growth and better competition on the UPI platform.
Published on: October 30, 2025
Citibank plans to significantly increase its capital deployment in India as it broadens its focus on the country. Viswas Raghavan, Citi's head of banking, highlighted that Indian companies are increasingly pursuing international deals, and Citi is poised to support these ambitions with both advice and capital.
Published on: October 30, 2025
CPP Investments' India portfolio has tripled to nearly $21 billion. India is now its third-largest Asian market. The fund is exploring new infrastructure like green ammonia and EVs. CPP Investments is focused on long-term fundamentals. It sees significant opportunities in India's dynamic economy. The fund aims to deliver strong returns and build lasting partnerships.
Published on: October 29, 2025
Sundaram Home Finance anticipates robust growth in the latter half of the financial year. The company is expanding its Emerging Business segment into more towns. This segment focuses on small loans up to Rs 20 lakh. Disbursements in this area have seen significant growth. The company is also entering the Karnataka market.
Published on: October 29, 2025
The Reserve Bank of India has proposed measures to speed up cross-border inward remittances, aiming for same-day credit to beneficiaries' accounts. Banks will be required to reconcile nostro accounts near real-time and implement straight-through processing for faster settlements, with new guidelines taking effect six months after finalization.
Published on: October 29, 2025
September saw record spending on credit cards and a surge in new card additions. Festivals and tax cuts fueled domestic consumption. Total monthly card spends exceeded ₹2.16 lakh crore, a significant year-on-year increase. E-commerce spending was particularly strong. This trend is expected to continue into October with ongoing festive promotions and discounts.
Published on: October 28, 2025
New banking rules empower customers to nominate up to four people for their accounts, lockers, and safe deposit articles. These changes, effective November 1, offer greater flexibility. Depositors can now nominate minors, with an adult appointed to manage funds on their behalf. The framework replaces older rules, simplifying the nomination process for all bank customers.
Published on: October 28, 2025
Life Insurance Corporation of India has denied allegations from The Washington Post. The insurer states it neither issued nor received documents suggesting external influence on its investments in the Adani Group. LIC maintains all investment decisions are made independently and with due diligence. This is the second denial from LIC regarding the report.
Published on: October 28, 2025
Advent International's affiliate Jomei Investments has divested its entire 2% equity stake in Aditya Birla Capital for approximately $186.47 million. The sale of 53.2 million shares occurred at a slight discount to the previous day's closing price. This follows a previous sale of a 1.4% stake by Advent International in June.
Published on: October 28, 2025
Girish Kousgi has formally exited as PNB Housing Finance's MD & CEO, with his tenure concluding on October 28, 2025. Executive Director Jatul Anand will serve as interim head while the company seeks regulatory approval for a new full-time leader. Kousgi had resigned in July citing personal reasons and a desire to pursue external opportunities.
Published on: October 28, 2025
The Reserve Bank of India has rejected a proposed arrangement between ESAF Financial Holdings and its investors, which would have seen Dia Vikas Capital acquire over 12% of ESAF Small Finance Bank. This move aimed to reduce promoter shareholding, but the RBI disallowed Dia Vikas Capital's stake exceeding 5%.
Published on: October 28, 2025
Indian banks are poised for improved profitability in the fiscal year starting April 2026, with S&P Global Market Intelligence highlighting potential upside for ICICI Bank, HDFC Bank, and State Bank of India. Government reforms and expected interest rate cuts are supporting economic growth, though external trade headwinds pose risks. Investors anticipate a pickup in domestic consumption to drive returns.
Published on: October 28, 2025
HDFC Bank has placed two senior executives on gardening leave as part of an internal probe into alleged mis-selling of Credit Suisse’s Additional Tier 1 (AT1) bonds, according to Bloomberg. The action follows customer complaints that they were not fully informed about the risks of the high-yield securities, which were written off after Credit Suisse’s merger with UBS in 2023.
Published on: October 28, 2025
Jana Small Finance Bank’s plan to transition into a universal bank has hit a setback after the Reserve Bank of India (RBI) returned its application citing non-fulfilment of eligibility criteria. Managing director Ajay Kanwal said the bank will reapply after addressing the gaps, adding, “We respect RBI’s decision and will work to fulfil the requirements.”
Published on: October 28, 2025
HR technology firm PeopleStrong on Tuesday named Dinesh Kumar Khara, former chairman of State Bank of India, as chairman of its board with immediate effect. CEO Sandeep Chaudhary said the appointment marks a key milestone in the company’s goal to build a world-class SaaS enterprise.
Published on: October 28, 2025
Jana Small Finance Bank said on Tuesday that the Reserve Bank of India (RBI) has returned its application to transition into a universal bank, citing non-fulfilment of required criteria. Managing Director and CEO Ajay Kanwal said the communication from the RBI, received on Monday evening, did not specify the exact reasons.
Published on: October 28, 2025
Reserve price has been set at ₹80 cr. Other lenders are weighing the future as litigations continue to delay bankruptcy resolution.
Published on: October 27, 2025
PNB Housing Finance announced a strong second quarter performance. Net profit surged by 24% to Rs 582 crore. This growth was fueled by recoveries from written-off loans and improved operating profits. Assets under management also saw a healthy increase. The company's asset quality showed further improvement with a fall in the gross non-performing assets ratio.
Published on: October 27, 2025
A Reserve Bank of India advisory committee suggested cash-flow based lending and digital solutions like TReDS can improve MSME credit linkage. The committee also emphasized addressing information asymmetry, financial literacy, and delayed payments to promote fair lending and rehabilitation of viable distressed units.
Published on: October 27, 2025
A SIDBI survey shows micro, small, and medium enterprises in India are still wary of future interest rates. Credit availability remains a concern for these businesses. Despite challenges, some MSMEs are seeing new capital expenditure due to higher capacity use. Profitability is expected to remain stable. However, a shortage of skilled labor is a significant structural issue.
Published on: October 27, 2025
Kolkata-based VFS Capital Ltd has withdrawn its application for a small finance bank license. The Reserve Bank of India had announced receiving the application in January 2025. VFS Capital was among 72 applicants from a decade ago. The microfinance company began working with low-income borrowers in 1996-97. It registered as an NBFC-MFI in September 2013.
Published on: October 27, 2025
