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SBM Bank India is considering selling a twenty-six percent stake to raise expansion funds. The bank has appointed a consultant and is currently at the Expression of Interest stage. The parent company recently infused seventy-five crore rupees and will provide more capital. SBM Bank India aims for significant credit growth and is strengthening its digital wealth offerings.
Published on: September 7, 2026
SBM Bank India is exploring a twenty-six percent stake sale to fund its expansion plans. The bank has appointed a consultant and is currently at the Expression of Interest stage. Parent entity has infused capital, and another infusion is expected this month. SBM Bank India aims for significant credit growth and is expanding its branch network. The bank is also strengthening its digital wealth proposition with a new investment platform.
Published on: September 7, 2026
RNFI Services has received in-principle RBI authorisation to operate as a Payment Aggregator-Physical (PA-P), allowing it to expand into offline and in-store payments. The approval adds another regulated payments capability to its existing financial services portfolio, including money movement, mutual fund distribution, insurance broking and prepaid payment instruments.
Published on: September 7, 2026
Non-banking financial companies saw 14.9 percent credit expansion by July end. This growth accelerated from last year's 10.6 percent expansion. Gold loans surged 68.5 percent and consumer durable loans grew 51.5 percent. Retail loans within NBFCs increased 21.4 percent, showing strong performance. Housing and vehicle loans also recorded significant year-on-year growth.
Published on: September 7, 2026
State Bank of India on Monday said bank unions have served strike notices for September 11, September 28-30 and a continuous strike from October 26. SBI said it has made arrangements for normal functioning at branches and offices, but warned that work across the bank may nevertheless be impacted.
Published on: September 7, 2026
Axis Bank has launched Arise Homecoming to recruit Indians studying or recently educated overseas who want to build careers back home. The programme covers opportunities across technology, digital, strategy, wealth and other functions and is also open to professionals with up to two years of international work experience.
Published on: September 7, 2026
Fairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The Canadian firm is in talks with private equity firms for this potential sale. This transaction is part of a larger strategy for the Indian banking sector. The company aims to consolidate its Indian lending investments after the acquisition.
Published on: September 7, 2026
Futures grid trading presents a methodical way to navigate the unpredictable terrain of crypto markets. By segmenting price ranges into distinct levels for execution, this automated strategy enables traders to efficiently adjust to market dynamics without needing to constantly monitor activities. Nevertheless, the use of leverage and susceptibility to market disruptions introduce important risks; thus, selecting appropriate parameters and applying diligent risk management is essential for effective grid trading.
Published on: September 7, 2026
Large microfinance companies received 98.1% of sector funding in Q1. This funding concentration reflects financiers playing safer during uncertain economic cycles. Smaller institutions face tighter liquidity and higher borrowing costs, impacting recovery pace. Banks contributed 80.4% of the Rs 21,407 crore debt funding received. NBFC-MFIs remain the largest micro-credit provider with a 44.3% market share.
Published on: September 7, 2026
NIIF has appointed Gauravjit Singh as managing partner and global head of capital formation. Singh, who previously worked at PAG, True North and KKR, will focus on expanding NIIF’s global and domestic investor base as the fund steps up capital mobilisation.
Published on: September 7, 2026
The payments ecosystem in India is moving beyond just digitisation, and towards infrastructure that can operate seamlessly across borders, and connected ecosystems. Adyen, a global fintech company with presence in India is positioned to achieve exactly that for Indian merchants who have the ambition to go global and global enterprises expanding in India.
Published on: September 7, 2026
Local alternative investment funds have warned regulators about proposed changes. These changes could significantly impact capital inflows into India's economy. The draft rules aim to curb indirect foreign ownership in sensitive sectors. Industry officials requested the status quo on existing regulatory definitions. This move seeks to maintain India's attractiveness for foreign investment.
Published on: September 6, 2026
Mumbai's GSB Seva Mandal has secured a massive Rs 703.27 crore insurance cover for the upcoming Ganpati festival. The idol will be adorned with over 66 kilograms of gold and 335 kilograms of silver ornaments. This year marks the mandal's 72nd Ganeshotsav celebration, attracting many devotees. More than 40,000 people are expected to benefit from daily food charity services.
Published on: September 6, 2026
IndusInd Bank expects its microfinance business to grow 15-20% in FY27, with CEO Rajiv Anand saying its difficult phase is now behind it. The lender expects growth to return from the second quarter after scaling up disbursements, while risks are also easing.
Published on: September 6, 2026
Nearly 5.72 crore Pradhan Mantri Jan Dhan Yojana accounts currently hold zero balances. Over 15 crore accounts under the scheme are classified as inoperative. Uttar Pradesh leads with the highest number of zero-balance and inoperative accounts. The scheme aims for universal financial inclusion across all households. More than 59 crore accounts hold over Rs 3.15 lakh crore.
Published on: September 6, 2026
State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank also intends to expand its network by adding around two hundred fifty new branches. SBI and its subsidiary will dilute up to one percent stake in the National Stock Exchange. This divestment is part of the National Stock Exchange's proposed initial public offering.
Published on: September 6, 2026
The Reserve Bank of India has approved Life Insurance Corporation's stake acquisition. LIC can now acquire up to 9.99% of ICICI Bank's share capital. This approval is valid for one year from the RBI's letter date. The central bank's approval will stand cancelled if not utilized within this period. This acquisition is subject to compliance with all applicable regulatory provisions.
Published on: September 5, 2026
Govindas participating in Dahi Handi celebrations now have doubled accidental hospitalisation cover. This increased protection comes with an unchanged premium of seventy-five rupees per person. Over 151,000 Govindas are covered this year, an increase from last year's participation. The policy provides ten lakh rupees for accidental death or permanent total disability. Coverage extends to training sessions and travel after the festival concludes.
Published on: September 4, 2026
A consumer commission ordered Edelweiss Tokio Life Insurance to pay over fifty lakh rupees. The company rejected a widow's claim despite disclosed alcohol consumption by her husband. Hypertension and diabetes were also noted as lifestyle diseases by the commission. The insurer was found guilty of deficiency in service for rejecting the claim. The widow will receive the claim amount, interest, and compensation for harassment.
Published on: September 4, 2026
Recent unexpected leadership changes at top Indian private banks raise succession planning concerns. Investors question long-term business strategy continuity amid these abrupt departures. HDFC Bank and Kotak Mahindra Bank face leadership transitions, surprising many analysts. Stricter regulations and competition from fintech also affect talent retention. Improved succession visibility will help maintain investor confidence in strategic direction.
Published on: September 4, 2026
Banks are deploying surplus liquidity through new mortgage products. HSBC and Kotak Mahindra Bank lead with semi-fixed home loan options. These products offer fixed rates for a period before switching. This strategy aims to protect lending margins amid interest rate uncertainty. Surplus funds are also being considered for government securities.
Published on: September 3, 2026
Public sector banks gained significant lending headroom after liquidity requirement relaxation. This allows them to sustain credit growth while deposit mobilisation remains relatively weak. Excess investment buffers could support incremental loan growth on their substantial loan books. Banks can now free up funds tied up in government bonds for lending.
Published on: September 3, 2026
Union Minister Shivraj Singh Chouhan urged banks to expedite loan approvals for rural women entrepreneurs. He directed officials to enhance training and establish a helpline for Self-Help Group members. The government aims to provide ten lakh crore rupees in loans over five years. This initiative seeks to empower women and foster economic development across India. Discussions will inform the Financial Inclusion 2.0 agenda for better credit access.
Published on: September 3, 2026
RBI deputy governor Murmu highlighted five key areas for NBFCs and HFCs. These companies must focus on governance and liquidity management for sustainable growth. Asset quality and customer protection are also crucial for the sector's stability. Digital transformation and robust cybersecurity are essential for future operations. The regulator aims for proportional regulation and financial stability to support growth.
Published on: September 3, 2026
WhatsApp launched bill payments in India on September 3, 2026. This feature allows users to pay household and utility bills directly within the app. The service is powered by the Bharat Bill Payment System network. Users can access over 22,000 billers across 30 categories for payments. Meta India aims to make bill payments as effortless as sending a message.
Published on: September 3, 2026
The expansion comes as India and Russia seek to widen economic ties. The two countries have set a target of $100 billion in annual trade by 2030 and smoother payment mechanisms is now a priority.
Published on: September 3, 2026
India's corporate credit cycle is expected to remain stable in the near future. Strong corporate balance sheets and moderate debt levels support this positive outlook. However, the Insolvency and Bankruptcy Code faces ongoing delays and low recovery rates. Manufacturing leads sector contributions to resolution plans under the IBC. Recent reforms aim to improve resolution timelines and recovery outcomes for lenders.
Published on: September 3, 2026
Experienced travellers combine travel credit cards, local currency, and backup payment methods for international trips. Comparing exchange rates, forex markups, and acceptance influences payment choices abroad. SBI Card offers features like global acceptance and travel rewards for international journeys. Travellers should enable international transactions and verify credit limits before departing India. Paying in local currency often reduces overall transaction costs compared to Indian Rupees.
Published on: September 3, 2026
India has stalled Alipay+'s proposal to link with its instant payments system. National security concerns and data usage questions are the primary reasons for this decision. The Indian government cited political grounds for halting the integration of the payment platforms. Law enforcement agencies also raised concerns about money laundering and data breaches.
Published on: September 3, 2026
Facing a financial emergency necessitates a strategic approach to funding resources. For SBI Credit Card users, features like Flexipay and Balance Transfer on EMI can alleviate immediate pressures. Although Cash Advance is available for urgent cash needs, it presents hefty charges; hence, it should be reserved for critical situations. Analyzing one's ability to repay, alongside differentiating between direct cash needs and payments to merchants, is key.
Published on: September 3, 2026
India’s banking system liquidity surplus has surged to a record ₹9.7 trillion ($102.67 billion), surpassing the previous peak seen in September 2021. The sharp increase follows Indian banks raising $127.23 billion through non-resident foreign-currency deposits under the RBI’s scheme, with most funds swapped into rupees. The liquidity glut could complicate RBI management of overnight rates and liquidity.
Published on: September 3, 2026
GIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) deposits under a swap facility. International Financial Services Centres Authority highlighted strong performance in foreign-currency mobilization. Indian banks also raised eleven billion dollars through bond listings on IFSC exchanges. These developments connect global capital pools with India's financing needs.
Published on: September 3, 2026
Small finance banks anticipate improved asset quality this financial year. Gross non-performing assets are projected to decline significantly by March 2027. This improvement stems from microfinance portfolio recovery and stable non-microfinance growth. Tighter underwriting practices have strengthened borrower selection in microfinance portfolios. Borrower over-indebtedness caused past credit stress in microfinance books.
Published on: September 2, 2026
Credit card profits are shrinking for Indian banks as spending rises. Customers now use cards more for payments than borrowing, reducing interest income. Interest-bearing balances have significantly fallen as a percentage of total card spending. This trend is impacting major lenders like HDFC Bank and SBI Cards. Analysts predict further profit margin declines in the coming years.
Published on: September 2, 2026
In a recent address, RBI Deputy Governor Swaminathan J urged urban cooperative banks to strengthen their governance frameworks and adopt technological advancements. He pointed out the critical need for better collaboration between the RBI and cooperative authorities. Deputy Governor Shirish Chandra Murmu reinforced the importance of having professional boards and solid internal controls. Additionally, Shiv Pal Singh emphasized the need for swift handling of liquidation processes within banks.
Published on: September 2, 2026
Public sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation are encouraged for operational efficiency. Improved customer outreach and social media engagement will enhance product awareness. Companies should increase insurance penetration and reduce protection gaps. Performance monitoring will be strengthened through a standardised KPI framework.
Published on: September 2, 2026
The NCLAT has ordered the Supertech committee to file a status report within two weeks. This report will detail construction commencement and work awarding for sixteen NBCC-managed projects. Homebuyers had complained about significant delays beyond previously established timelines. The tribunal also directed the committee to address unpaid employee salaries for three months. The next hearing for this matter is scheduled for September 14, 2026.
Published on: September 2, 2026
The CBI filed a chargesheet against nineteen accused in a Rs 504-crore fund misappropriation case. Six Haryana cadre IAS officers and bank officials were named in the chargesheet. The accused allegedly orchestrated a fraudulent scheme to misappropriate government funds. These funds were transferred to specific bank branches and then to third parties. The CBI has now charged a total of thirty-seven individuals in this ongoing investigation.
Published on: September 2, 2026
L&T Finance plans to add 500 gold loan branches annually for five years. This expansion aims to reach a network of 2,500 to 3,000 branches nationwide. The company expects its gold finance book to grow over fifty percent annually. This growth is driven by increasing branch footprint and market opportunities. India's gold loan market has significant untapped potential for organized lenders.
Published on: September 2, 2026
A parliamentary committee will meet on September 3 to discuss direct tax reforms. The meeting will focus on simplification, rationalization, and ease of compliance. Discussions will also cover the Income-tax Act, 2025, and revenue performance. This session follows a previous cancellation regarding virtual digital assets. Representatives from the Ministry of Finance will attend the important deliberations.
Published on: September 2, 2026
Small finance banks anticipate improved asset quality by March 2027. Gross non-performing assets are projected to decline significantly from current levels. This improvement stems from microfinance portfolio recovery and non-microfinance growth. Tighter underwriting practices have strengthened borrower selection in microfinance portfolios. The non-microfinance segment now forms a larger share of total advances.
Published on: September 2, 2026
SBI General Insurance will not chase fire insurance business at unsustainable prices. The company aims to improve profitability and maintain a healthy expense of management ratio. Health insurance penetration is a key focus, leveraging SBI's extensive branch network. Addressing mis-selling requires suitability, transparency, convenience, and fairness for customers. SBI General Insurance is considering a potential public listing in the future.
Published on: September 2, 2026
IFFCO-TOKIO General Insurance Company has appointed Tatsuya Fujimoto as its new Managing Director and Chief Executive Officer, replacing Subrata Mondal. Fujimoto previously served as Director (Operations) and Senior Executive Director-Chief Risk Officer. He brings 28 years of experience with Tokio Marine Group across Japan, the US, Malaysia and India.
Published on: September 2, 2026
A special five-member NCLT bench stayed Subhash Chandra's repayment plan approval. The tribunal also restrained the Essel Group founder from alienating any asset. This new bench stayed a smaller bench's earlier order which had approved the plan. Dissenting creditors had sought protection against the guarantor's asset alienation. The bench directed that the guarantor shall not alienate properties directly or indirectly.
Published on: September 2, 2026
CPP Investments has committed around ₹2,070 crore ($215 million) to NIIF Infrastructure Fund II, strengthening its partnership with NIIF. The fund will invest in India’s infrastructure sector, focusing on long-term growth themes including urbanisation, digitalisation and the energy transition.
Published on: September 1, 2026
In a bid to boost climate and transition finance, banks are pressing for a lower cash reserve ratio for green deposits. Presently, estimates show that these deposits fall short of the necessary critical mass. A decreased CRR could significantly cut funding expenses and unlock capital for loans, as India strives for substantial investments to fulfill its net-zero goals.
Published on: September 1, 2026
Banks are increasingly selecting microfinance institutions for loans instead of individual borrowers, leading to a reclassification of microfinance loans as part of retail portfolios. Despite this trend, non-banking financial companies focused on microfinance (NBFC-MFIs) received considerable debt support from banks recently. However, the overall microfinance sector saw a decline in its borrower base, with higher loan amounts being distributed to a lesser number of borrowers.
Published on: September 1, 2026
Ujjivan Small Finance Bank appointed Carol Furtado as interim chief executive officer. This appointment follows the sudden resignation of MD and CEO Sanjeev Nautiyal. Nautiyal stepped down from his position citing health grounds and requested early retirement. The Reserve Bank of India has approved Furtado's interim appointment for three months. The bank will now begin the process to find a permanent successor.
Published on: September 1, 2026
Ujjivan Small Finance Bank's MD and CEO has resigned citing health reasons. The board accepted the early retirement and appointed Carol Furtado as interim head. The bank will now begin searching for a permanent successor to Nautiyal. Nautiyal ceased his role as MD and CEO from September 1. The bank's share price saw a decline following this leadership change.
Published on: September 1, 2026
India's insurance sector anticipates strong demand for protection and savings products. LIC aims to adapt its distribution and product mix for a digital market. The company is enhancing its product portfolio and improving technology for better customer experience. LIC also focuses on asset management to provide competitive returns amid economic volatility. The corporation is prepared to script a more glorious chapter in service to the nation.
Published on: September 1, 2026
