Hotline 24/7
+91 70424 11677
No Post's Available Uploading Soon ...
The lender launched 23 new branches across many states on Tuesday to take its overall branch size to over 603, as per a statement.
Published on: March 31, 2026
The Reserve Bank of India has extended export credit deadlines. Exporters can now get pre- and post-shipment finance for up to 450 days on disbursals until June 30, 2026. The time for realizing export proceeds is also extended to 15 months. These measures aim to help exporters navigate ongoing logistical challenges.
Published on: March 31, 2026
Utkarsh Small Finance Bank has offloaded bad loans worth Rs 1491 crore to asset reconstruction firms for Rs 195 crore. This move comes as the bank reported its worst gross non-performing assets ratio at 11% and a significant net loss in the third quarter. The sale involved two distinct pools of stressed microfinance loans.
Published on: March 31, 2026
Piramal Finance has crossed Rs 1 lakh crore in assets under management. The company plans to acquire a microfinance institution to boost its next phase of growth. Piramal Finance aims to increase its assets under management to Rs 1.5 lakh crore by March 2028. The company is also exploring opportunities in gold lending.
Published on: March 31, 2026
Lenders are prioritizing borrowers with strong credit histories and higher loan amounts, leading to a decline in new-to-credit customers. Despite this cautious approach, the overall credit market shows improved health, driven by better asset quality. Gold loans are experiencing significant growth, now dominating retail lending by volume and value.
Published on: March 31, 2026
JC Flowers & Co. is investing in Niyam Group to launch a new Lloyd's Syndicate. This move aims to bring global capital into India's rapidly expanding reinsurance sector. The platform will begin underwriting from April 1, focusing on India's vast growth potential. This initiative supports the nation's vision for increased insurance penetration and aims to reduce overseas premium outflows.
Published on: March 31, 2026
Central Bank of India has received a Rs 296.08 crore demand notice from the Income Tax Department for a tax shortfall in FY25. The bank is challenging the assessment order, believing it has strong grounds for relief and expects the entire demand to be subsided without impacting its financials or operations.
Published on: March 31, 2026
Non-banking financial companies actively tapped the commercial paper market in March, driven by year-end funding needs, while corporates adopted a cautious approach due to high borrowing costs and ample internal funds. This trend is expected to continue. Bank certificate of deposit issuances remained stable, suggesting easing short-term funding pressures in the banking sector.
Published on: March 31, 2026
The Reserve Bank of India has capped loans for buying shares and other securities at ₹1 crore per borrower across the banking system, while loans for IPOs, follow-on offers and ESOPs are limited to ₹25 lakh per individual. The move aims to curb excessive speculative borrowing and reduce risks from leveraged positions during market swings.
Published on: March 31, 2026
Lenders will now report to credit bureaus weekly, a shift from fortnightly, enhancing real-time borrower risk assessment. This move is expected to improve underwriting standards by enabling continuous monitoring and reassessment of borrower risk throughout the loan lifecycle. Digitised lending products will be crucial for this transition, allowing for almost real-time borrower behavior monitoring and faster response to emerging stress.
Published on: March 30, 2026
Life Insurance Corporation of India branches will operate on March 31. This is to assist policyholders in depositing their insurance premiums. March 31 is a public holiday for Mahavir Jayanti. Normal working hours will be observed. This decision follows an advisory from IRDAI. Policyholders can complete their transactions without hardship.
Published on: March 30, 2026
The Reserve Bank of India has levied a Rs 31.8 lakh penalty on Airtel Payments Bank for failing to disclose certain customer complaints in its financial statements for the fiscal year 2024-25. This action follows a statutory inspection that identified non-compliance with RBI's disclosure norms. The penalty underscores the importance of regulatory adherence in financial reporting.
Published on: March 30, 2026
Bank credit saw robust growth of 14.3 percent by late February. Gold loans surged dramatically, leading sector expansion. Lending to industry and services also climbed significantly. Meanwhile, export and consumer loans experienced a downturn. This overall trend highlights a dynamic shift in credit deployment across various economic segments.
Published on: March 30, 2026
Under the Income Tax law, the tax is to be deducted at source if the interest income from bank/post office deposits exceeds Rs 50,000 for ordinary citizens, or Rs 1 lakh for senior citizens, in a financial year.
Published on: March 30, 2026
Banks in India face a significant ruling from the Bombay High Court. The court declared that anti-money laundering laws take precedence over bank recovery acts. This means properties linked to criminal activities, even if mortgaged to banks, are subject to government attachment. Genuine third parties can seek recourse through special courts. The judgment strengthens the fight against financial crimes nationwide.
Published on: March 30, 2026
Atanu Chakraborty stepped down as HDFC Bank chairman after a two-year internal dilemma. He cited a mismatch in understanding values, ethics, and governance. Chakraborty felt issues in Dubai operations went beyond technicalities. He also noted shareholder returns and cost structures. His departure highlights a philosophical divide on balancing growth and governance.
Published on: March 30, 2026
Banks are unable to inspect the contents of customer lockers. Finance Minister Nirmala Sitharaman stated this prevents differential insurance coverage based on valuables. The standard coverage for locker holders is fixed at 100 times the annual locker rent in case of any loss. This policy remains in effect for all locker holders.
Published on: March 30, 2026
Kotak Mahindra Prime has appointed Suraj Rajappan as its new Managing Director and Chief Executive. He will take charge from June 1 for a three-year term. Rajappan succeeds Shahrukh Todiwala who is retiring. The company aims for disciplined growth and innovation. Rajappan's experience will guide the vehicle financing arm. This leadership change signals a focus on internal talent.
Published on: March 30, 2026
These efforts by the central bank come alongside India’s ongoing initiatives to strengthen international payment linkages, including agreements with other countries to integrate domestic fast payment systems and facilitate the acceptance of central bank digital currencies (CBDCs).
Published on: March 30, 2026
HDFC Bank's chairman Atanu Chakraborty resigned citing values and ethics differences. This led to a significant stock drop and put CEO Sashidhar Jagdishan under pressure. Internal rifts and underperformance against peers are raising investor concerns. The bank is facing scrutiny following a major merger and a challenging economic outlook.
Published on: March 30, 2026
With the digital payment landscape in India experiencing rapid growth, there is a growing call for banks to partner with the National Payments Corporation of India to address the rising number of unsuccessful Unified Payments Interface transactions. This collaboration aims to fortify user trust in the system as smaller banks struggle with increased errors and transaction failures.
Published on: March 30, 2026
Bajaj Finserv is gearing up to elevate its presence in the artificial intelligence sector. With plans to unveil a specialized private equity fund directed at AI initiatives, the financial services giant is also looking to directly invest in nascent AI startups from its own coffers.
Published on: March 30, 2026
The microfinance market saw growth in February. The total loan book reached Rs 3.29 lakh cr. Loan disbursements increased. Portfolio quality improved. The bad loan ratio declined. Leaders now advocate for disciplined expansion. This follows past issues with over-lending. Overleveraged customers and loan servicing failures caused past crises.
Published on: March 30, 2026
The Serious Fraud Investigation Office is investigating IndusInd Bank's accounting irregularities. Key former executives have been summoned for questioning. This probe follows earlier findings by auditors and forensic reports. Meanwhile, Mumbai Police's Economic Offences Wing is nearing the closure of its preliminary inquiry, finding no evidence of fund diversion.
Published on: March 29, 2026
Several team owners have extended their footprint into overseas T20 leagues such as South Africa's SA20, the UAE's ILT20 and England's The Hundred. This has effectively transformed franchises into multi-league cricket portfolios, transforming them from single-league entities into scalable global platforms with diversified revenue streams and greater upside for investors.
Published on: March 29, 2026
Reserve Bank of India has introduced a bold new daily limit on the open rupee positions held by banks, aiming to counteract the rupee's weakening trend versus the dollar. As a result, banks are now required to trim their dollar assets and offload US currency.
Published on: March 29, 2026
The order, issued on March 27, had barred the BoB from handling government transactions for five years, citing non-compliance with official instructions on fund transfers under the state's chief minister Kisan Yojana.
Published on: March 29, 2026
CMS Info Systems has acquired FSS's ATM Managed Services business. This move signals consolidation in India's ATM sector. The deal adds 8,000 ATMs to CMS's network. This acquisition follows the insolvency of AGS Transact Technologies. CMS aims to become the preferred partner for banks seeking fewer, larger service providers.
Published on: March 29, 2026
CMS Info Systems is acquiring Financial Software and Systems' managed services business for Rs 115 crore. This move will significantly boost CMS' ATM management capabilities. The deal is expected to add 8,000 ATMs to CMS' existing portfolio. This acquisition strengthens CMS' position in the end-to-end ATM management sector. It also brings new private sector banking relationships into the fold.
Published on: March 29, 2026
Banks have urged the Reserve Bank of India to reconsider its $100 million net open foreign exchange position cap, warning of significant mark-to-market losses and trade unwinding. They propose applying the rule only to future trades to mitigate the impact of the sudden restriction, which aims to curb the rupee's sharp fall.
Published on: March 28, 2026
ICICI Bank CEO Sandeep Bakhshi was honored at XLRI's convocation. He spoke about India's growth fueled by people and technology. Graduates were urged to learn continuously and lead with purpose. Tata Steel CEO T V Narendran stressed the importance of global awareness and human skills. XLRI celebrated 530 graduates, encouraging them to build an inclusive society.
Published on: March 28, 2026
Doha Bank is exiting its branch operations in India. The Qatari bank will close its Mumbai and Kochi branches after more than a decade. It will now operate solely through a representative office in the country. This strategic shift was approved by the bank's board of directors. Doha Bank had launched its India operations in June 2014.
Published on: March 27, 2026
Japan International Cooperation Agency plans to boost its private sector investments in India. The agency will focus on projects with significant development impact. This includes sectors like energy, agriculture, and women's empowerment. JICA aims to attract more private capital for impact investments. The agency is also providing substantial loans for key infrastructure projects in India.
Published on: March 27, 2026
Arijit Basu is the new part-time chairman of IndusInd Bank. Shareholders have approved his appointment. Basu has a strong background in banking. He previously chaired HDB Financial Services. He also held leadership roles at State Bank of India and SBI Life Insurance. Sunil Mehta will step down as chairman on January 30. The bank thanked Mehta for his service.
Published on: March 27, 2026
Banks' deposit growth is significantly trailing credit growth, with the gap widening to 300 basis points as of March 15. Deposits grew 10.8% year-on-year, while advances rose 13.8%. This has pushed the credit-deposit ratio above 83% for the first time, signaling increased liquidity risk for banks.
Published on: March 27, 2026
Japan has extended an Official Development Assistance loan of 275.86 billion yen ($1.73 billion) to India for four key projects spanning urban transport, healthcare and agriculture. The funding aims to boost infrastructure, improve public services and support sustainable development.
Published on: March 27, 2026
Fino Payments Bank has paused the re-appointment of its Managing Director, Rishi Gupta. This decision comes as the Reserve Bank of India will reassess Gupta's fit and proper criteria. The bank board withdrew a shareholder vote notice for his reappointment. Gupta was recently granted bail after an arrest related to GST investigations. His candidature remains unaffected pending these reviews.
Published on: March 27, 2026
HDFC Bank's chairman Atanu Chakraborty resigned abruptly due to a power struggle with CEO Sashidhar Jagdishan, stemming from strategic disagreements and governance issues. The dispute intensified over the CEO's reappointment, raising concerns about leadership stability at India's largest private lender.
Published on: March 27, 2026
Banks are being urged to adopt the Grameen Credit Score for rural borrowers. This move aims to boost access to formal credit for farmers and small businesses. The Grameen Credit Score will help in faster loan assessments. This initiative is expected to benefit first-time borrowers significantly. Discussions are ongoing to include more data points for a comprehensive assessment.
Published on: March 26, 2026
India's health insurance sector is growing strongly. The Insurance Regulatory and Development Authority of India (Irdai) has set strict deadlines for processing cashless health insurance claims. This aims to speed up approvals and ensure policyholders get timely medical care. Grievances are being addressed efficiently. Reasons for claim rejections are clarified. These steps foster a trustworthy health insurance system.
Published on: March 26, 2026
While India's loan application process is digitized, underwriting remains a bottleneck. Artificial intelligence is now poised to transform this core risk engine, addressing fragmented data and inconsistent decision-making. This shift promises faster credit access, improved risk calibration, and scalable financial inclusion for India's expanding credit market.
Published on: March 26, 2026
Indian banks are experiencing a funding squeeze. Loan growth is outpacing deposit growth, forcing lenders to use certificates of deposit more. This trend is pushing banks to tap wholesale funding markets. Investments in government securities are also being reduced to support lending. Household savings are shifting towards market-linked instruments, impacting traditional deposit mobilization.
Published on: March 26, 2026
India's market regulator, SEBI, is reviewing former HDFC Bank chairman Atanu Chakraborty's resignation letter for potential rule violations. The letter cited "happenings and practices" not aligning with his values, causing a significant stock drop. SEBI is examining directors' fiduciary duties and the adequacy of disclosures by both the bank and Chakraborty.
Published on: March 26, 2026
Indian Banks Governance Risk: Indian banks are facing new challenges. Investor focus is shifting from bad loans to governance and leadership. Recent events at HDFC Bank, Yes Bank, IDFC First Bank, Kotak Mahindra Bank, and IndusInd Bank highlight these issues. Oversight lapses and boardroom dynamics are now critical. This marks a significant change in how risks are assessed in the banking sector.
Published on: March 26, 2026
Haryana Police have arrested Dileep Kumar Raghav, a former Kotak Mahindra Bank official. He is accused of sending fake reports about fixed deposits to Panchkula Municipal Corporation. The fraud involves around 150 to 160 crore rupees. Discrepancies emerged during fund reconciliation. The bank is cooperating with investigations and reviewing its processes. Multiple individuals are under scrutiny for potential collusion.
Published on: March 26, 2026
India's retail inflation is projected to reach 4.5 percent in fiscal year 2027. This upward revision by ICICI Bank is driven by increasing energy costs. Higher petrol and diesel prices will now have a greater impact on consumer prices. This change is due to a revised weighting system for goods.
Published on: March 26, 2026
Prudential Plc and HCL Group are close to launching their health insurance joint venture. Regulatory approvals are progressing well. Eased Press Note 3 rules are facilitating the deal. This partnership was delayed for over a year. The venture is structured as a 70:30 partnership. Relaxations in rules are expected to improve foreign investment.
Published on: March 25, 2026
February 2026 witnessed a subtle decline in credit card transactions compared to the previous month, January. Despite this, a year-on-year comparison reveals increased consumer spending. Banks are enthusiastically welcoming new credit card clientele, which hints at a thoughtful growth strategy. The sustained expansion is primarily fueled by advancements in digital services and e-commerce.
Published on: March 25, 2026
The Reserve Bank of India has greenlit the acquisition of a controlling stake in Sammaan Capital Ltd by an affiliate of Abu Dhabi's International Holding Company. Avenir Investment RSC Ltd will infuse Rs 8,850 crore for an initial 41.23% stake, potentially rising to 63.36%. This regulatory approval moves the transaction closer to completion, pending SEBI's final nod.
Published on: March 25, 2026
The revised PLI formula sought to be imposed by the Department of Financial Services (DFS) is viewed by the workforce as an unilateral and divisive departure from the existing settlement-based PLI scheme evolved through bilateral discussions and incorporated in the bipartite settlement/joint note framework, UFBU said in a statement.
Published on: March 25, 2026
