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HDFC Bank aims to match industry growth in advances this fiscal year. Sashidhar Jagdishan highlights strong FY25 results post-merger. Net profit rose 10.7 percent. Advances grew 5.4 percent, while deposits surged 14.1 percent. The bank reduced its credit-to-deposit ratio to 96 percent. High-cost borrowings are down to 14 percent. The bank anticipates faster growth and is enhancing cybersecurity measures.
Published on: July 14, 2025
Bhanu Vohra, Citigroup's India head of commercial banking, is departing after 24 years with the company. Vohra, who led the team providing global banking solutions to Indian mid-sized firms, has resigned and is currently on gardening leave, exploring new career paths. Citigroup will soon announce Vohra's successor.
Published on: July 14, 2025
Karnataka Bank has named Raghavendra Srinivas Bhat as the interim Managing Director and CEO. This follows the resignation of Srikrishnan Hari Hara Sarma, who stepped down citing personal reasons. Bhat, previously the Chief Operating Officer, will hold the position for three months. Sarma's departure had earlier impacted the bank's stock performance.
Published on: July 14, 2025
Public sector banks in India are actively lending to Micro, Small, and Medium Enterprises. This lending focuses on new and lower-rated businesses. Government guarantee schemes facilitate this. Data from the Reserve Bank of India shows a decrease in subprime borrowers. Private banks focus on super-prime borrowers. Government schemes like CGFMU and ECLGS support MSME lending.
Published on: July 13, 2025
The Reserve Bank of India's new directive may boost priority sector lending. Banks can now offer loans up to ₹10 lakh against gold. This move is expected to benefit the agriculture and micro-enterprise sectors. Farmers and small business owners may find it easier to access credit. The change clarifies the classification of gold-backed loans.
Published on: July 13, 2025
Public sector banks in India are exploring more joint ventures. This is to improve business and operations. A committee is reviewing capital needs for these ventures. They will scale successful projects like Re-KYC. Banks are also working on a common collection firm for smaller loans. Doorstep banking and cloud infrastructure are also in progress.
Published on: July 13, 2025
Indian Bank has sanctioned Rs 1,011 crore to over 3,000 women in Tamil Nadu, supporting Self Help Groups. The initiative aims to reduce reliance on informal credit sources and promote financial inclusion.
Published on: July 13, 2025
Following the Ahmedabad Air India plane tragedy, insurance firms are processing claims. These claims include travel, personal accident, and life insurance. ICICI Lombard and Bajaj Allianz are handling claims related to the accident. IRDAI directed insurers to expedite settlements. Some companies have already settled claims quickly. Insurers are working to support the affected families during this difficult time.
Published on: July 13, 2025
IIFL Home Finance has secured USD 100 million from the Asian Infrastructure Investment Bank (AIIB) to boost affordable housing finance for economically weaker sections and lower-income groups. This partnership will promote green building standards and support sustainable urban development in line with India's climate goals. The investment aligns with the Pradhan Mantri Awas Yojana Urban (PMAY-U 2.0).
Published on: July 12, 2025
Public sector banks now lead in home loan financing. They increased their market share significantly in the last four years. Data shows their share rose to 43% in FY25. Private banks saw a decrease in their share during this period. Competitive rates and government initiatives are driving this growth. Overall credit growth of PSU banks has surpassed private banks.
Published on: July 12, 2025
The Burman family will invest Rupees 750 crore in Religare Enterprises. This is part of a Rupees 1,500 crore capital raise. The Board approved this on Friday. The fundraise will be through preferential allotment of convertible warrants. The capital will help grow core businesses. It will also help pursue new strategic opportunities. This investment signals strong confidence in Religare's future.
Published on: July 11, 2025
The Reserve Bank of India (RBI) has penalized HDFC Bank Rs 4.88 lakh for violating norms related to foreign investment while granting a term loan. Additionally, Shriram Finance Limited faces a Rs 2.70 lakh penalty for non-compliance with digital lending directions, specifically regarding loan repayments routed through a third-party account instead of directly from borrowers.
Published on: July 11, 2025
Rising medical costs and lifestyle diseases are pressuring India's health insurance premiums, according to Universal Sompo's MD & CEO, Sharad Mathur. He emphasises the need for data-backed premium hikes, addressing concerns about expensive hospital treatments and increasing heart-related claims.
Published on: July 11, 2025
RBI data reveals banking credit grew 9.5% and deposits 10.1% in the June quarter year-on-year. Despite a slowdown in fiscal 2025, analysts anticipate a credit growth recovery to 12-13% in FY26, fueled by cheaper loans and repo rate cuts. Easier liquidity may boost consumption and retail inflation with a lag, according to ICICI Bank.
Published on: July 11, 2025
India's retail credit growth anticipates a boost from increased borrowing, particularly in housing loans. Affordable housing mortgages present a significant lending opportunity. Lenders must scale operations across states for success. Mortgage penetration is currently low compared to other markets. A rise in mortgage adoption could unlock a substantial market by fiscal year 2035.
Published on: July 11, 2025
The muted growth-compared to 22% growth in the April-June 2024 quarter-is due to a high base in the same period last year, regulatory impact from new surrender norms, and a softer push for high-ticket Ulip (unit-linked insurance plan) sales amid ongoing global equity market volatility, insurance experts said.
Published on: July 10, 2025
Capital expenditure by major central public sector enterprises and key government bodies surged by 25% in June, reaching ₹62,425 crore, offering vital support to the Indian economy amid sluggish private investment. In the first quarter, these entities spent ₹1.67 lakh crore, a 15% increase year-on-year, with railways and NHAI leading the way.
Published on: July 10, 2025
Canara Bank has withdrawn its order classifying Reliance Communications' loan account, promoted by Anil Ambani, as fraudulent, leading the Bombay High Court to dispose of the case. This action followed Ambani's petition challenging the classification. Separately, SBI has also classified Reliance Communications' loan account as fraudulent, which Anil Ambani has challenged in court.
Published on: July 10, 2025
IIFL Home Finance secured a $100 million loan from the Asian Infrastructure Investment Bank. The funding will support affordable housing and green building projects in India. The loan has a five-year term with an 8.58% interest rate. This investment aims to boost sustainable infrastructure and address the housing gap for low-income families.
Published on: July 10, 2025
GACM Technology's board has greenlit a proposal to raise up to Rs 200 crore through a qualified institutional placement. The funds will be raised in one or more tranches, subject to necessary approvals. Additionally, the board finalized a share swap agreement and recently signed an agreement to acquire a 30 per cent equity stake in WEXL Edu.
Published on: July 10, 2025
Life Insurance Corporation (LIC) experienced a 14.60% YoY increase in individual premium for June 2025, surpassing the 12.12% growth of private life insurers. However, LIC's total premium income declined by 3.43% to Rs 27,395 crore, while private sector players saw a 2.45% decrease to Rs 13,722 crore. LIC issued 12.49 lakh policies in June 2025.
Published on: July 10, 2025
Crisil Ratings anticipates a further decline of 4-6% in private ARCs' AUM, reaching Rs 1.05 lakh crore this fiscal, driven by subdued acquisitions and healthy redemptions. The securitization of NPAs by RBI may disrupt the industry, pushing ARCs to explore alternative growth avenues. ARCs might leverage their expertise to become resolution managers, shifting towards fee-based models.
Published on: July 10, 2025
The government is planning to further reduce its stake in Life Insurance Corporation (LIC) through an offer for sale (OFS). Currently holding 96.5% stake, the government aims to meet the 10% public shareholding requirement by May 2027. The disinvestment department will assess market conditions to determine the timing, quantum, and price of the stake sale.
Published on: July 10, 2025
Federal Bank has appointed Venkatraman Venkateswaran as its new executive director, effective July 10, for a three-year term. The Reserve Bank of India has approved his appointment. Venkateswaran, 59, currently serves as the group president and chief financial officer, overseeing key areas such as financial reporting and credit administration. He succeeds Shalini Warrier in this role.
Published on: July 10, 2025
Finance Minister Nirmala Sitharaman urged NBFCs to adopt fair and empathetic loan recovery practices, aligning with RBI guidelines, especially for small loans, emphasizing customer dignity. She also suggested that NBFCs could partner with banks to enhance priority sector lending, addressing the issue of unutilized funds and ensuring timely credit delivery to intended beneficiaries, seeking RBI guidance on this collaboration.
Published on: July 10, 2025
Indian banks are experiencing increased deposit growth, yet face a likely decline in net interest margins (NIM) for Q1 FY26, according to Phillip Capital. Muted Net Interest Income (NII) growth is expected across the sector due to weak credit expansion, impacting both private and public sector banks. Profitability, however, may see modest growth supported by reduced credit costs.
Published on: July 10, 2025
Kotak Mahindra Bank aims for significant asset growth, targeting 1.5 to 2 times India's nominal GDP, despite challenges like RBI's tech embargo and potential interest rate declines. The bank's FY25 saw strong performance in its Corporate and Tractor Finance divisions, with total assets reaching Rs 8.79 lakh crore and a customer base exceeding 5.3 crores.
Published on: July 9, 2025
Nirmala Sitharaman urged NBFCs to avoid aggressive loan marketing. She emphasized fair recovery practices aligned with RBI guidelines. Sitharaman highlighted the importance of collaboration between NBFCs and banks. She wants NBFCs to focus on risk management and customer well-being. Sitharaman envisions NBFCs playing a key role in India's future credit needs.
Published on: July 9, 2025
Banking services in Madhya Pradesh faced disruption as approximately 40,000 employees from public sector and regional rural banks went on strike across 8,700 branches. The strike, called by trade unions, impacted deposit and withdrawal operations, cheque clearances, and government treasury work. Employees are protesting against privatization and demanding recruitment to fill vacancies.
Published on: July 9, 2025
NBFC's education loan growth is projected to slow significantly due to policy changes in the US and Canada, impacting disbursements. While US loan share decreases, other countries like the UK and Germany are gaining traction. Despite global shifts, NBFCs maintain strong asset quality, exploring domestic loans and skill development funding.
Published on: July 9, 2025
The NBFC and insurance segments are expected to perform better in the second half of FY26, supported by a friendlier regulatory environment and continued growth push from both regulators and the government, according to a report by Emkay Research.
Published on: July 9, 2025
Indian banks experienced muted credit growth in the June quarter, with private lenders significantly lagging behind the previous year's pace. This slowdown is attributed to corporates increasingly turning to capital markets for funding, leading to a surge in resource mobilization. While PSU banks performed better due to aggressive loan pricing, overall loan growth remained weak across the banking sector.
Published on: July 8, 2025
The CCI has approved 360 ONE group's acquisition of specific UBS AG businesses, including portfolio management, stock broking, and financial product distribution. Additionally, it clears UBS AG's subscription to 360 ONE WAM warrants, representing a 4.95% stake. This collaboration allows UBS to transfer its onshore wealth management business in India to 360 ONE.
Published on: July 8, 2025
The Department of Financial Services (DFS) has refuted claims of ordering banks to close inactive PM Jan Dhan Yojana accounts. Instead, a nationwide campaign has been initiated to promote Jan Dhan Yojana accounts and other welfare schemes. Banks will also conduct re-KYC for due accounts, with DFS actively monitoring inoperative accounts and encouraging banks to reactivate them.
Published on: July 8, 2025
The general insurance sector experienced a 5.8% increase in gross premium income in June, reaching ₹23,256 crore, primarily fueled by retail health insurance growth. While some large private insurers like Bajaj Allianz saw significant growth, others like ICICI Lombard faced declines. The industry's overall Q1 performance showed a 9% rise, but new reporting formats impact year-on-year comparisons.
Published on: July 7, 2025
The National Housing Bank (NHB) has mandated that housing finance companies (HFCs) must pay interest to borrowers on advance EMI payments held in sundry accounts, aligning with fair lending practices. NHB is also urging HFCs to prioritize borrower quality over advance collections to mitigate default risks.
Published on: July 7, 2025
NABARD is spearheading the IT integration of amalgamated Regional Rural Banks, expected to be completed by September 15, 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
