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In their discussions with the Reserve Bank of India (RBI), non-banking financial companies have requested LAPs be not treated on a par with unsecured loans when assigning risk weights. They have urged the RBI to reduce the current cap of 125% and align more closely with home loans, which attract risk weights in the range of 35% to 50%.
Published on: August 4, 2025
Fraudsters are exploiting Aadhaar-linked processes in the insurance sector by manipulating data and forging documents to file bogus claims across motor, health, and life insurance. Investigations reveal coordinated efforts involving fake identities, altered addresses, and exploitation of vulnerable individuals. Insurers and the IIB are enhancing fraud detection measures to combat these evolving tactics.
Published on: August 4, 2025
The Reserve Bank of India has approved Rajiv Anand's appointment as MD & CEO of IndusInd Bank, effective August 25, for a three-year term. Anand, formerly Deputy Managing Director at Axis Bank, brings over 35 years of financial services experience. His appointment follows Sumant Khatpalia's exit due to an accounting discrepancy.
Published on: August 4, 2025
IndusInd Bank announced on Monday the approval of Rajiv Anand's appointment as the chief executive officer. Anand's tenure will span three years, commencing on August 25, 2025, and concluding on August 24, 2028. This decision signifies a key leadership transition for the bank, setting the stage for its future direction.
Published on: August 4, 2025
PNB Housing Finance is considering internal and external candidates to succeed Girish Kousgi as MD and CEO. Jatul Anand has been appointed as the executive director and will be in charge temporarily. Valli Sekar is now the chief business officer overseeing affordable housing. Following Kousgi's resignation, the company's share price has declined significantly.
Published on: August 4, 2025
The FSIB has recommended 11 chief general managers for executive director positions in various public sector banks for the financial year 2025-26. These recommendations followed interviews with 80 candidates conducted between July 19 and August 4, 2025. The final decision on these appointments rests with the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi.
Published on: August 4, 2025
The Delhi High Court has denied bail to Kapil Wadhawan, former chairman of DHFL, in connection with a Rs 34,615-crore bank loan fraud case. The court cited the seriousness of the allegations, Wadhawan's central role in the conspiracy, the risk of witness tampering, and the magnitude of the funds siphoned off as reasons for the denial.
Published on: August 4, 2025
Irdai has levied a Rs 5 crore penalty on Policybazaar Insurance Brokers, formerly Policybazaar Web Aggregator, due to identified violations of insurance regulations. The regulator issued directions, advisories, and cautions to the company following the findings. This action comes despite Policybazaar's success in selling over 42 million policies since its establishment in 2008.
Published on: August 4, 2025
Generali Group and Central Bank of India have unveiled a new brand identity, Generali Central, for their life and general insurance joint venture. This rebranding signifies the partnership's commitment to safeguarding customers' families, health, assets, and future. Central Bank of India acquired stakes in both the life and general insurance firms earlier this year, solidifying the collaboration.
Published on: August 4, 2025
Niva Bupa aims for high single-digit premium hikes to counter medical inflation and portfolio aging, with a 7% increase already implemented on one product in Q1. Despite a rising loss ratio and expense ratio near the regulatory limit, the company targets 5-10% faster retail growth than the industry.
Published on: August 4, 2025
Economists widely anticipate the Reserve Bank of India (RBI) to maintain policy rates this week, amidst concerns over the economic impact of US tariffs and ongoing trade negotiations. While most expect a status quo, some predict a rate cut, citing low retail inflation. The RBI is expected to hold the growth forecast at 6.
Published on: August 4, 2025
Indian banks are facing challenges. CASA ratios of top lenders have decreased. This decline affects their net interest margins. HDFC Bank and IndusInd Bank experienced significant drops. Kotak Mahindra Bank saw the sharpest fall. Banks are now relying on costlier funding sources. Some banks are cutting savings account interest rates. This shift impacts core profitability for Indian banks.
Published on: August 4, 2025
Nippon Life India Asset Management Ltd. expands financial inclusion by opening a branch in Leh, becoming the first asset management company with a physical presence in the high-altitude region.
Published on: August 3, 2025
Punjab National Bank is setting its sights on an ambitious Rs 30 lakh crore in total business by the fiscal year's end. With a noteworthy 11.6 per cent growth in total business reported for Q1, the bank is optimistic about achieving its goals, MD Chandra said.
Published on: August 3, 2025
Federal Bank's first-quarter net profit declined 15% to Rs 862 crore due to increased provisions for agriculture and microfinance slippages. While asset quality improved year-on-year, provisions rose to Rs 400 crore. The bank anticipates NIM to bottom out in the second quarter, aiming for stronger retail momentum and overall advance growth in the fiscal year.
Published on: August 2, 2025
LIC Housing Finance is strategically shifting its focus from individual home loans to higher-yielding loan segments to enhance margins amidst a softening interest rate environment. The company aims to reduce the share of individual home loans in its portfolio from 85% to 70% within two years.
Published on: August 2, 2025
An SBI report indicates that bank credit growth is expected to remain subdued as corporations increasingly turn to alternative funding sources due to the current low-interest rate environment. This trend is evident in the declining share of bank credit in total resource flow, projected to fall to 22% by Q2 FY26. While overall credit growth stands at 9.
Published on: August 2, 2025
The Indian government anticipates inviting financial bids for IDBI Bank's strategic sale in the third quarter of FY26, aiming to finalize the winning bidder by fiscal year-end. Due diligence is complete, and consultations with interested parties are concluded. The government and LIC will jointly offload a 60.72% stake, potentially earning the government over ₹29,550 crore from its share.
Published on: August 2, 2025
Kinara Capital faces a liquidity crunch after some lenders appropriated fixed deposits and issued loan recall notices, prompting ICRA to downgrade the company's bonds and loans. The fintech lender, which has a total debt of Rs 1,853 crore, is exploring resolutions and considering asset sales to address the crisis. Two directors have resigned following these developments.
Published on: August 1, 2025
India Post Payments Bank has launched a nationwide Aadhaar-based face authentication for customer transactions, enhancing security and convenience, especially for elderly and differently-abled individuals. This feature, developed under UIDAI, allows banking transactions via facial recognition, eliminating the need for fingerprints or OTPs. It ensures financial inclusion by addressing limitations in biometric verification and enabling safe banking during health emergencies.
Published on: August 1, 2025
The government anticipates inviting financial bids for IDBI Bank's disinvestment in the third quarter of the current fiscal year. The selection of the winning bidder is expected by the end of 2025-26. All preliminary processes are complete, and potential bidders have been granted access to the bank's financial and operational data.
Published on: August 1, 2025
The dynamics of Indian banking just saw an unfamiliar development with car loans outpacing home loans in the first quarter of FY26. According to the Reserve Bank of India, banks have expanded their loan portfolios considerably, but the growth rate for home loans has decelerated, giving way to a surge in auto loans.
Published on: August 1, 2025
Jane Street, a US-based trading firm, is reportedly not cooperating with India's Income Tax probe, with key servers and account books located abroad. The company has minimal presence in India, further hampering the investigation. SEBI previously accused Jane Street of market manipulation and ordered a ₹4,843 crore deposit. Trading resumed after payment, but restrictions on fraudulent practices remain in place.
Published on: August 1, 2025
Manappuram Finance Limited announced the appointment of Deepak Reddy as the new Chief Executive Officer, effective August 1, 2025. Former Managing Director and CEO, V P Nandakumar, transitioned to the role of Managing Director on July 31, 2025. Reddy will report to Nandakumar in his new capacity within the company.
Published on: August 1, 2025
RBI data reveals a slowdown in bank lending across sectors in June 2025, with services and agriculture experiencing a more pronounced deceleration compared to retail and industry. Non-food bank credit grew by 10.2%, a significant drop from the previous year's 13.8%. While some industries like engineering and construction saw accelerated growth, personal loans also experienced moderation.
Published on: August 1, 2025
RBI data indicates a slowdown in bank credit growth to industry, reaching 5.5% in the fortnight ending June 26, compared to 7.7% the previous year. Non-food bank credit experienced a moderated growth of 10.2%. Certain sectors like MSMEs, engineering, construction, and textiles showed accelerated growth, while agriculture and services saw a deceleration. Personal loans also witnessed a slower growth rate.
Published on: July 31, 2025
IndusInd Bank has made an announcement. Jyoti Prasad Ratho, previously the Head of Internal Audit, is no longer a part of the Senior Management Personnel. This change was announced on Wednesday. The bank has officially communicated Ratho's departure from the SMP. The bank is expected to announce a replacement soon.
Published on: July 31, 2025
The Income Tax Department is conducting searches at Nuvama Wealth, formerly Edelweiss Broking, linked to the Jane Street case, where Nuvama acted as the firm’s local trading partner. Jane Street, accused of market manipulation, recently re-entered Indian markets after depositing ₹4,844 crore with Sebi.
Published on: July 31, 2025
The Reserve Bank of India is expected to maintain its stance on liquidity management. It will likely avoid reintroducing fixed-rate lending to banks. Banks have requested this facility to manage their funding needs better. The RBI prefers variable rate operations. A revised liquidity management framework may be unveiled on August 6.
Published on: July 31, 2025
Punjab National Bank anticipates credit growth of 11-12% in FY26, driven by a strong corporate loan book and increased disbursements. The bank's Q1 operating profit surged, fueled by treasury income and loan recoveries, despite a dip in net profit due to higher tax expenses. PNB plans to offload a 10% stake in Canara HSBC Life Insurance upon its listing.
Published on: July 30, 2025
The bank has engaged Navi Mumbai-based Special Situation Advisors India to find a buyer for 67 large corporate accounts within the next four months. These accounts include Videocon Industries, Frost International, Rotomac Global, Lanco Infratech and ABG Shipyard aggregating to a total outstanding exposure of more than Rs 12,224 crore for the bank, documents accessed by ET showed.
Published on: July 30, 2025
Punjab National Bank aims to boost business loan growth by focusing on infrastructure, smart metering, and renewable energy projects, according to CEO Ashok Chandra. Despite overall domestic loan growth of 9.6%, business loans only grew by 6.9% in the first quarter. PNB reported a net profit of 16.75 billion rupees, impacted by a one-time tax charge.
Published on: July 30, 2025
Amendments to the Banking Laws Act now allow PSBs to transfer unclaimed funds to the IEPF, aligning them with company practices. PSBs can now offer remuneration to statutory auditors, improving audit quality. The 'substantial interest' threshold increased to Rs 2 crore, and director tenures in cooperative banks extended to 10 years, effective April 1, 2025.
Published on: July 30, 2025
Future Generali India Insurance (FGII) plans significant growth. The company targets over Rs 10,000 crore in gross written premium by 2030. FGII anticipates a 13-15 percent annual growth. Central Bank of India's stake acquisition will boost expansion. FGII will focus on bancassurance and underpenetrated insurance sectors. Health and motor insurance will remain key.
Published on: July 30, 2025
ICRA projects significant growth for affordable housing finance companies. Their assets under management are expected to reach Rs 2.5 lakh crore in three years. The mortgage portfolio of non-bank lenders will likely touch Rs 20 lakh crore by March 2028. Retail mortgage loan growth will be driven by demand and limited credit options.
Published on: July 30, 2025
Crisil Ratings anticipates that Indian microlenders will likely remain unprofitable until the fiscal year's end, citing challenges from state ordinances in Karnataka and Tamil Nadu that could impede sector recovery. These states constitute a significant portion of the MFI portfolio. Despite industry efforts to implement safeguards, legacy assets continue to pressure asset quality.
Published on: July 30, 2025
The Reserve Bank of India has cautioned banks and NBFCs against compromising internal controls and regulatory compliance in their pursuit of rapid expansion. RBI Deputy Governor Swaminathan J emphasized that some lenders are prioritizing short-term gains over sound practices, leading to increased supervisory interventions. He urged financial institutions to uphold ethical standards and implement adequate safeguards for digital tools.
Published on: July 30, 2025
The Department of Financial Services (DFS) has urged banks to review penal charges for not maintaining Minimum Average Balance (MAB). This directive, as stated by MoS for finance Pankaj Chaudhary, prioritizes providing financial ease to customers, particularly those residing in semi-urban and rural regions. The aim is to alleviate the burden of these charges on a wider customer base.
Published on: July 29, 2025
Reserve Bank of India (RBI) sets new rules for investments. These rules limit how much banks and NBFCs can invest in Alternative Investment Funds. A single entity can only contribute up to 10 percent of an AIF scheme. All regulated entities together cannot exceed 20 percent. RBI may exempt certain AIFs from these rules after consulting with the government.
Published on: July 29, 2025
Shapoorji Pallonji Group secured a crucial three-year extension from the Reserve Bank of India for its finance unit, Sterling Investment Corp. This waiver averts a potential interest rate hike of 200 basis points on its $3.4 billion private credit deal. The extension provides more time to meet capital adequacy norms, preventing a possible default.
Published on: July 29, 2025
HDFC Bank raised its LCR by 6 percentage points to 124%, Yes Bank by 10 percentage points to 135%, while Canara Bank saw the largest increase, with its LCR rising to 144% from 125% in Q4FY25. On average, LCR rose by approximately 6.5 percentage points during the June quarter of FY26, showed an analysis of the earnings statements.
Published on: July 28, 2025
The private sector lender reported a significant 72% drop in consolidated net profit for the June quarter, plummeting to Rs 604 crore. Chairman Sunil Mehta announced stringent cost management strategies to contain annual operating expenditure growth to single digits, a stark contrast to the current 20%.
Published on: July 28, 2025
Unclaimed deposits in Indian banks reached Rs 67,003 crore by June 2025, with public sector banks holding the majority. The RBI launched the UDGAM portal to help people find these deposits. The government has no plans for Virtual Digital Asset ETFs and is focused on educating depositors and promoting financial inclusion through initiatives like the Bima Sakhi Yojana.
Published on: July 28, 2025
Jammu and Kashmir Bank has announced a record profit of Rs 485 crore for April-June. This surge is attributed to strategic focus on agriculture and retail lending. The bank's MD & CEO, Amitava Chatterjee, shared insights on the bank's performance. He highlighted the success of new agri loan products. Retail loan business has also shown significant improvement.
Published on: July 28, 2025
Finance Minister Nirmala Sitharaman told Parliament that raising the FDI limit in the insurance sector to 100% will boost annual growth to 7.1%, attract stable foreign investment, and improve insurance penetration. The move simplifies foreign entry by removing the need for Indian partners. Efforts are also underway to expand coverage under key social security schemes through grassroots campaigns.
Published on: July 28, 2025
Life Insurance Corp. of India is actively hedging its liabilities by engaging with Wall Street banks like JPMorgan Chase & Co. and Bank of America Corp. LIC has entered into $1 billion in bond forward rate agreements, significantly impacting FRA volumes. This move reflects the increasing sophistication of India's financial market and boosts demand for long-term bonds.
Published on: July 28, 2025
Bank of Baroda and Canara Bank reduced their corporate loan portfolios by ₹54,000 crore in the June quarter to protect net interest margins amidst repo rate cuts. Public sector undertakings sought further rate revisions, prompting the banks to prioritize profitability over retaining these loans.
Published on: July 27, 2025
IndiGo Airlines may see a rise in aviation insurance costs. This follows a recent Air India accident and a tougher reinsurance market. SpiceJet's policy renewal is also coming up. Reinsurers are increasing prices due to global aviation losses. London reinsurers are reducing capacity and raising rates. IndiGo's insurance covers its large fleet. The total insurance value is around $20 billion.
Published on: July 27, 2025
Supreme Infrastructure India (SIIL) has successfully executed a court-approved resolution plan, settling ₹2,200 crore debt with 13 lenders. The company repaid ₹387.92 crore through asset monetization and equity issuance, as per the NCLT-approved scheme. While some non-fund-based liabilities remain, SIIL anticipates resolving them soon, marking a significant step in its financial restructuring.
Published on: July 27, 2025
Payment banks are urging the RBI to reduce the statutory liquidity ratio (SLR) by at least 10% to invest in higher-yielding instruments and boost margins. They're also seeking permission to disburse loans and accept deposits up to ₹5 lakh. With previous requests unanswered, they've requested a meeting with the RBI governor to discuss these issues.
Published on: July 27, 2025
