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NABARD is spearheading the IT integration of amalgamated Regional Rural Banks, expected to be completed by September 30, to enhance efficiency and cost rationalization. They are also building a common digital infrastructure, digitizing agri value chains, and integrating schemes through Primary Agricultural Credit Societies. NABARD aims to bridge the rural-urban income divide and transform farmers into agribusiness entrepreneurs.
Published on: July 7, 2025
M Nagaraju asked fintechs to prioritize offline payment options. This push aims to boost financial inclusion across India. He spoke at the CII Summit on Financial Inclusion and FinTech. Nagaraju highlighted financial inclusion's role in economic growth. He noted India's progress since 2014 with the Pradhan Mantri Jan Dhan Yojana. The scheme significantly increased bank account access for adults.
Published on: July 7, 2025
Several public sector banks including Canara Bank and Punjab National Bank are rethinking minimum balance rules. The finance ministry questioned the need for penalties on low balances. Banks are seeing a shift from low-cost CASA deposits to term deposits. State Bank of India removed minimum balance requirements in 2020.
Published on: July 7, 2025
Bank of Baroda has waived charges for customers not maintaining minimum balances in savings accounts, effective July 1, joining other major banks in this move. Experts believe this strategy aims to attract deposits amid growing competition from alternative investment options like mutual funds and direct stock investments.
Published on: July 6, 2025
Data reveals lenders are being careful with new borrowers. 'New to credit' individuals get fewer retail loans in fiscal year 2025. Two-wheeler loans are an exception, with nearly half going to first-time borrowers. Banks are worried about loan quality. Many applicants lack stable jobs or proper documents. Multiple loan applications also lead to rejections.
Published on: July 6, 2025
Adani Enterprises plans to raise ₹1,000 crore via non-convertible debentures. The NCDs will offer yields up to 9.30% with a 60-month tenor. Subscription opens July 9 and closes July 22. At least 75% of funds will repay debt. This is AEL's second domestic bond market fundraising. The company aims for inclusive capital markets growth and retail participation.
Published on: July 6, 2025
SBI is navigating surplus liquidity, a welcome shift attributed to the RBI's actions. The bank anticipates a further policy rate cut this year, contingent on factors like a normal monsoon. While deposit mobilization is challenging, SBI focuses on personalized customer engagement and technological innovation to maintain growth and manage risks.
Published on: July 6, 2025
The Odisha government has reversed its decision to restrict HDFC Bank, ICICI Bank, and Axis Bank from handling state business. This decision follows assurances from the banks to Chief Minister Mohan Majhi on July 1, committing to improve their performance in priority sector lending and credit-to-deposit ratio.
Published on: July 5, 2025
Lenders of Jaiprakash Associates Limited declined Jaypee Infratech's resolution plan. Jaypee Infratech sought reconsideration, but creditors upheld their rejection. Five companies, including Adani Enterprises and Vedanta Group, submitted resolution plans to acquire Jaiprakash Associates Limited. The resolution professional presented a summary of these plans. Creditors are claiming Rupees 57,185 crore. National Asset Reconstruction Company Limited leads the claimants.
Published on: July 5, 2025
Provisional business data released by HDFC Bank showed that gross advances at the end of the first quarter ended June increased 7% to Rs 26.53 lakh crore, from Rs 24.86 lakh crore a year earlier. Loan growth is still slower than the system-level growth of above 9%. But the bank's year-on-year deposit growth at 16% outpaced its credit growth for the third successive quarter, indicating a return to normalcy.
Published on: July 4, 2025
The Reserve Bank of India is reviewing credit bureau operations. This aims to improve data consistency and transparency for customers. A working group is addressing concerns from financial institutions. Suggestions include uniform data standards and a common grievance portal. The RBI also wants quicker complaint resolution and more frequent credit data updates. A unique borrower identifier is also under consideration.
Published on: July 4, 2025
Amid rising delinquencies and increased caution from traditional banks following RBI advisories, personal loan originations have seen a shift. High-value loans (Rs 10 lakh+) are gaining traction, while mid-ticket loans (Rs 1-5 lakh) are declining. NBFCs, particularly fintech lenders, are increasing their market share, especially in low-ticket loans, driving transaction volume and financial inclusion.
Published on: July 4, 2025
ICICI Prudential Life Insurance has refuted a media report that suggested its MD & CEO was being considered for the top position at IndusInd Bank. The company issued a clarification to the stock exchanges, explicitly denying the news report . This statement aims to address and dismiss the speculation surrounding its executive's potential move.
Published on: July 4, 2025
J.P. Morgan economists suggest that the Reserve Bank of India's liquidity surplus may not significantly boost bank lending or credit growth. Their analysis indicates that liquidity primarily influences overnight market rates within the policy corridor, with no substantial impact on deposit and lending growth beyond this.
Published on: July 4, 2025
IndusInd Bank has opened a new all-women branch in Chennai. The branch is located at Saveetha Dental College. It is the bank's 12th all-women branch nationwide. A team of five women officers will manage the branch. The branch offers various retail banking services. Vineet Dhar said this promotes an inclusive banking environment. N M Veeraiyan inaugurated the branch.
Published on: July 4, 2025
Bank of Maharashtra showcases impressive financial performance. The bank achieves a 15.36 percent credit growth, reaching Rs 2.41 lakh crore. Total deposits increase by 14.08 percent to Rs 3.09 lakh crore. The bank's total business grows to Rs 5.46 lakh crore. The CASA ratio improves to 50.07 percent. The credit-deposit ratio rises to 79.04 percent, indicating efficient fund utilization.
Published on: July 4, 2025
Fibe's digital lending platform elevates Vimal Saboo to CEO of EarlySalary Services Private Limited (ESPL), its NBFC arm. With over two decades of financial expertise, Saboo will spearhead ESPL's lending operations, enhance digital infrastructure, and build tailored credit solutions. This move aims to strengthen Fibe's lending business and foster innovation-led growth.
Published on: July 4, 2025
The Supreme Court has declined to intervene in the case against HDFC Bank CEO Sashidhar Jagdishan. He is accused of fraud related to Lilavati Hospital. The court directed the Bombay High Court to proceed with the hearing on July 14. Senior counsel Mukul Rohatgi argued the bank was wrongly implicated in a private dispute.
Published on: July 4, 2025
Lenders for the debt-ridden GVK Power and Infrastructure are initiating a second insolvency process, opting to sell individual assets like land parcels, power units, roads, and the Mumbai airport stake. This strategic shift aims to attract specific bidders and maximize asset value, following a previous unsuccessful attempt due to non-compliant resolution plans.
Published on: July 3, 2025
In May 2025, Indian banks increased their fresh loan spreads, reflecting a focus on margin protection amidst RBI rate cuts. Private sector banks saw a more significant rise in spreads compared to public sector banks.
Published on: July 3, 2025
EASE reforms have significantly bolstered public sector banks, enabling them to contribute to India's Viksit Bharat vision through enhanced MSME outreach and improved credit access. PSBs are also embracing GenAI, strengthening data governance, and adopting cloud technologies for operational efficiency. Simultaneously, they're prioritizing risk management, NPA recovery, and customer experience enhancements across all banking channels.
Published on: July 3, 2025
The Supreme Court will hear HDFC Bank CEO Sashidhar Jagdishan's appeal to quash an FIR accusing him of accepting bribes related to the Lilavati Hospital trust. Jagdishan is alleged to have taken Rs 2.05 crore to favor the Chetan Mehta Group's control over the trust.
Published on: July 3, 2025
UCO Bank reported a robust credit growth of 16.58% reaching Rs 2.25 lakh crore in the first quarter, while total deposits increased by 11.57% to Rs 2.99 lakh crore. The bank's total business grew by 13.67% to Rs 5.24 lakh crore. However, the CASA ratio saw a slight decline, and the credit-deposit ratio improved to 75.48%.
Published on: July 3, 2025
HDFC Bank CEO Sashidhar Jagdishan has petitioned the Supreme Court to quash an FIR filed by Lilavati Hospital trustees. Represented by Senior Advocate Mukul Rohatgi, Jagdishan claims the FIR is baseless and intended to pressure the bank regarding pending financial recovery. The Supreme Court has scheduled a hearing for the case on Friday.
Published on: July 3, 2025
Insurance CEOs at the event on launch of insurance awareness campaign said that addressing mis-selling is a collective industry responsibility, and both the regulator and insurers remain committed to further reducing the number of complaints.
Published on: July 2, 2025
Indian bank lending remains cautious despite policy rate cuts. Lending growth slowed to 9.6% from 19.1% last year. Corporate, home, and NBFC loans are soft. Firms prepaid debt via bonds. Home loan borrowers awaited further rate cuts. Gold and renewable energy loans surged. Experts believe lending may pick up after recent rate cuts by Reserve Bank of India.
Published on: July 2, 2025
The Reserve Bank of India has issued new directives. Banks cannot charge pre-payment fees on floating-rate loans. This applies to individuals and micro, small enterprises. The rule covers business loans. It also includes other loans to individuals. Small finance banks and regional rural banks have some exceptions. These rules apply to loans sanctioned after January 1, 2026.
Published on: July 2, 2025
The Reserve Bank of India has advised banks to integrate the Financial Fraud Risk Indicator tool developed by the Department of Telecom to curb online fraudulent transactions. This system classifies mobile numbers based on fraud risk using data from various sources. Leading institutions are already using the platform, potentially saving millions from cyber fraud.
Published on: July 2, 2025
Life insurance companies in India are set to invest ₹450 crore in a three-year multimedia campaign, 'Sabse Pehle Life Insurance', to combat declining market penetration. The industry's premium collection has fallen to 3.2% of GDP in FY25.
Published on: July 2, 2025
Mashreq, a UAE-based lender, is set to establish an International Financial Services Centre Banking Unit in Gujarat International Finance Tec-City. It has received in-principle approval for this. Mashreq becomes the first UAE bank to achieve this milestone from the International Financial Services Centres Authority. The branch is expected to be operational by the fourth quarter of 2025.
Published on: July 2, 2025
Medi Assist Insurance TPA has finalized its acquisition of Paramount Health Services & Insurance TPA, bringing an additional Rs 4,000 crore in health premiums under administration. While both entities will initially operate independently, the merger aims to enhance provider networks and leverage operational synergies. This acquisition, valued at an enterprise value of Rs 311.
Published on: July 2, 2025
RXIL, a TReDS platform promoted by SIDBI and NSE, has achieved a significant milestone, surpassing Rs 2 lakh crore in MSME invoice financing. Driven by stakeholder participation and government support, RXIL facilitated Rs 80,500 crore in FY25 alone, benefiting over 44,000 MSMEs across India.
Published on: July 2, 2025
AU Small Finance Bank has strengthened its leadership team. Nandkumar Saravade and Jagajit Mangal Prasad are the new independent directors. Yogesh Jain is now the Chief Operating Officer. Vivek Tripathi has been appointed as Chief Credit Officer. Dhavan Shah will head Commercial Banking. Avinash Sharan is elevated to Head of Branch Banking.
Published on: July 2, 2025
HDFC Bank's CEO, Sashidhar Jagdishan, affirmed continued support for HDB Financial Services post its Rs 12,500-crore IPO, which he termed a historic event. The IPO provides HDB with independent capital and visibility for accelerated growth, capitalizing on underserved credit segments. HDFC Bank's stake decreased to 75% after the IPO, with HDB shares listing at a premium.
Published on: July 2, 2025
Dubai lender exploring significant minority holding via primary capital infusion; RBL stock surged 21% in past month, over 64% in 6 months.
Published on: July 2, 2025
According to a recent Media Partners Asia report, if piracy remains unchecked, revenue losses of the digital video industry in India are likely to double to $2.4 billion, or about ₹20,565.5 crore, by 2029 from $1.2 billion in 2024.
Published on: July 1, 2025
Microfinance companies in India are increasingly turning to gold loans to diversify their portfolios and reduce risk, spurred by relaxed RBI regulations. Arohan Financial Services and Uttrayan Financial Services are actively exploring this market, while others consider loans against property. The shift allows NBFC-MFIs to have a larger non-microfinance portfolio, enhancing credit ratings and profitability.
Published on: July 1, 2025
MSME lending outpaced retail and services sectors in FY25, growing by 14.1% amid overall deceleration in bank credit. The surge was supported by improved asset quality, with a decline in subprime borrowers and gross NPA ratio. Government credit guarantee schemes like CGFMU and ECLGS facilitated credit flow to vulnerable enterprises, though with higher NPA ratios.
Published on: July 1, 2025
RXIL, a leading TReDS platform, has facilitated invoice financing exceeding ₹2 lakh crore for MSMEs, significantly improving their working capital cycles. In FY25, the platform enabled ₹80,500 crore in financing, benefiting over 44,000 MSMEs. RXIL aims to expand its corporate base and MSME network, targeting ₹1.25 lakh crore in bill discounting for FY26.
Published on: July 1, 2025
JM Financial has acquired the remaining 2.98% stake in JM Financial Credit Solutions Ltd (JMFCSL) from Moraine Master Fund LP, making it a wholly-owned subsidiary. The transaction, valued at approximately ₹88.97 crore, was completed on July 1st. This acquisition is expected to enhance JM Financial's consolidated profits and improve capital allocation within the group.
Published on: July 1, 2025
State Bank of India is focusing on digital growth. Chairman C S Setty says SBI will use digital tools and partnerships. The goal is to maintain market leadership. SBI celebrated its 70th anniversary with new initiatives. YONO app will expand to Singapore. SBI Scholar Quiz awarded Rs 50 lakh to students.
Published on: July 1, 2025
Bajaj Finserv, buoyed by India's economic growth, aims to reach 250 million customers in four years, exceeding its initial target. The company plans to leverage the expanding middle class and first-time borrowers, while managing risks associated with economic fluctuations. Recent acquisitions and the integration of AI technology are central to Bajaj Finserv's growth strategy.
Published on: July 1, 2025
Punjab National Bank (PNB) will waive penal charges for non-maintenance of minimum average balance (MAB) in all savings accounts, effective July 1, 2025. This initiative aims to support women, farmers, and low-income households by easing financial pressure and encouraging greater participation in formal banking. PNB reaffirms its commitment to inclusive banking and customer empowerment with this decision.
Published on: July 1, 2025
Saraswat Cooperative Bank seeks RBI approval to acquire New India Cooperative Bank, offering relief to depositors facing restricted access to their savings since February. The acquisition aims to protect depositors' interests fully, with Saraswat Bank Chairman Gautam Thakur highlighting the synergy between the two banks.
Published on: July 1, 2025
HDFC Bank's net banking app and UPI service experienced disruptions, leaving numerous users unable to conduct transactions or even log in. Downdetector reported nearly 1,000 user complaints, with affected customers turning to social media platform 'X' to voice their frustrations regarding the outage and seek assistance.
Published on: July 1, 2025
Nirmala Sitharaman advocates for MDB lending aligned with development goals. She spoke at the 4th International Conference on Financing for Development in Sevilla, Spain. India supports reforms to the international financial architecture. India questions frequent bailouts for Pakistan. Sitharaman highlights India's commitment to South-South and Triangular Cooperation. She emphasizes the need for enhanced climate finance.
Published on: July 1, 2025
Aptus Value Housing Finance announced Monday that CARE has upgraded its long-term bank facilities and non-convertible debentures rating to CARE AA from CARE AA-. The rating agency revised the outlook from stable to positive, acknowledging Aptus' consistent performance, strong asset quality, and robust capitalization.
Published on: July 1, 2025
MSME lending has surpassed retail as the primary driver of bank credit growth, experiencing a surge of 14.1% in FY 2024-25. This growth is supported by improved asset quality, with declining subprime borrowers and a reduced gross NPA ratio. Government credit guarantee schemes like CGFMU and ECLGS have further boosted credit flow to the sector, particularly benefiting vulnerable enterprises.
Published on: July 1, 2025
Finance Minister Nirmala Sitharaman lauded State Bank of India's digital transformation. She spoke on the bank's 70 years of service. SBI supports farmers, SHGs, and MSMEs. The bank has a large number of Jan Dhan and insurance scheme beneficiaries. SBI plans to solarise 4 million homes by FY27. Chairman C S Setty highlighted SBI's focus on technology and inclusive growth.
Published on: July 1, 2025
Indian banks may face challenges in the first quarter of fiscal year 2026. A report by IIFL Capital predicts weak loan growth and lower margins. Seasonally soft fee income and higher slippages could also impact performance. Overall profit after tax is expected to decline. Loan growth has slowed, except for MSME loans. Net interest margins are also likely to contract.
Published on: July 1, 2025
