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The promoter will infuse Rs 100 crore, taking its holding to 38.32% from 36.17%, people aware said. The company board approved the allotment of 38.5 lakh fully convertible warrants at Rs 260 apiece for cash. Satin received 25% of the payment upfront from the promoter, it said in a regulatory filing.
Published on: August 3, 2026
The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director. She will now oversee foreign exchange and financial markets regulation departments. Chakraborty brings over three decades of experience from her career at the central bank. Her previous roles included Chief General Manager-in-Charge in the Department of Supervision. She holds degrees in Economics and Business Economics from Delhi University.
Published on: August 3, 2026
Under RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, opening a direct, bank-free payments channel for India's MSME economy.
Published on: August 3, 2026
Published on: August 3, 2026
Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by the life insurance sector. Policy surrenders are influenced by various factors, including product suitability and affordability. The insurance regulator monitors these trends and takes necessary supervisory measures. IRDAI has established a framework to safeguard policyholders' interests and ensure fair surrender benefits.
Published on: August 3, 2026
Finance Minister Nirmala Sitharaman confirmed no changes are planned for the Unified Pension Scheme. This scheme offers assured monthly payouts to Central government employees after retirement. The Unified Pension Scheme was introduced as an option under the National Pension System. It aims to provide adequate retirement benefits and pension predictability for employees. The government has also extended tax benefits and a one-way switch facility to UPS.
Published on: August 3, 2026
Health insurance covers childhood illnesses and their treatments effectively. Vaccination support is a key preventive care strategy for families. Kidney function tests are covered when medically necessary for diagnosis. Reviewing policy sub-limits and network centers is crucial. Family floater plans offer cost-effective comprehensive household coverage.
Published on: August 3, 2026
Equitas Small Finance Bank is eligible for voluntary transition into a universal lender. The bank is cautious about applying after peers faced regulatory hurdles. This upgrade offers easier lending and capital norms for the institution. Transitioning would also reduce priority sector lending targets significantly. Equitas will take its time to study and apply for this aspiration.
Published on: August 3, 2026
India's average bank credit growth remained robust in June 2026, supported by healthy retail lending and strong credit flow to non-banking financial companies (NBFCs) and commercial real estate (CRE), according to a report by Haitong Securities India.
Published on: August 3, 2026
360 ONE WAM Ltd. seeks to grow its market share in India's wealth management sector. The firm currently manages nearly ten percent of the ultra-rich market. Demand for asset management services is soaring across India's wealthiest families. This growth is fueled by company listings and private equity investments. 360 ONE plans to serve a quarter of these families soon.
Published on: August 3, 2026
Indian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digital payment convenience. Banks suggest prompts for suspicious transactions, not all payments above a threshold. The Reserve Bank of India is considering these suggestions for new guidelines. This initiative seeks to protect users while preserving digital payment growth.
Published on: August 2, 2026
Banks are raising FCNR(B) deposit rates to attract dollars amid global rate increases. ICICI Bank and HDFC Bank have already adjusted their offerings for dollar deposits. Higher overseas borrowing costs and market competition necessitate these rate adjustments. Global benchmark rates have risen since the scheme's operationalization in June. This special scheme for attracting foreign currency closes on September 30.
Published on: August 2, 2026
Corporate and retail loans fueled bank credit growth during the April-June quarter. Industry and personal loans together accounted for sixty-three percent of this expansion. Petroleum, infrastructure, engineering, and chemicals led industry credit growth significantly. Loans against gold jewellery emerged as the top personal lending contributor. These key sectors drove the overall increase in bank lending.
Published on: August 2, 2026
Shivalik Small Finance Bank completed its acquisition of ManiBhavnam Home Finance India Pvt last week. This strategic merger cost the bank nearly one hundred and nine crore rupees. The deal establishes Shivalik's presence in the affordable housing finance market. ManiBhavnam brings a loan book of three hundred and twenty crore rupees to Shivalik. The bank plans fresh capital infusion to continue its growth trajectory.
Published on: August 2, 2026
Bank of Maharashtra has reduced its home loan interest rate to seven percent. This special offer includes a complete waiver of processing and documentation fees. The bank aims to provide attractive financing solutions for its valued customers. This move significantly lowers the monthly installment burden for borrowers. These competitive rates are among the lowest available in the current market.
Published on: August 2, 2026
Punjab National Bank will not monetize subsidiaries soon, focusing on operational strengthening for future value. The bank's capital adequacy exceeds 18 percent, well above regulatory requirements. This strong capitalization means no market fund raising is planned for growth initiatives. PNB expects its net profit to surpass twenty thousand crore rupees this financial year. Loan growth is projected at twelve to thirteen percent while deposits will grow nine to ten percent.
Published on: August 2, 2026
UPI transactions reached a new high of Rs 29.9 lakh crore in July. The volume of these transactions also saw a significant increase during the same month. This growth solidifies UPI's position as India's preferred digital payment method. UPI has expanded its operations to nearly ten international nations.
Published on: August 1, 2026
The Union government released an additional Rs 1,09,019 crore tax devolution on August 1, 2026. This amount is separate from the scheduled monthly devolution for August. The move aims to strengthen state finances and boost developmental expenditure. Uttar Pradesh received the largest share of this additional fund. Other states like Bihar and Madhya Pradesh also received significant allocations.
Published on: August 1, 2026
Motilal Oswal believes Bloomberg's G-Sec inclusion delay is a temporary pause. He cited operational issues and foreign investor onboarding as reasons for the delay. India's debt market remains significant for the medium and long term. Global market volatility and geopolitical instability may have influenced the decision. Foreign investors are returning to Indian equities driven by value buying.
Published on: August 1, 2026
Employees skipping annual health checkups face triple the hospitalization risk. This group also accounts for a large share of insurance claims. Many employees do not receive follow-up guidance after their screenings. Cardiovascular disease and diabetes remain significant health concerns for workers. Organizations must improve health outcomes through continuous and personalized care.
Published on: August 1, 2026
Artificial intelligence is set to reshape the economics of the global insurance industry, with carriers, brokers and technology providers that move early potentially gaining a significant competitive edge as AI changes underwriting, distribution, productivity and the pace of innovation, according to a McKinsey report.
Published on: August 1, 2026
Banking credit to industry saw a robust 19% year-on-year increase. Personal loan growth also remained strong, expanding 16% compared to last year. Loans against gold jewellery surged by 93%, leading personal loan segment growth. Vehicle loans followed with a 17% expansion, while credit card growth decelerated. Education loans maintained strong growth at 13% year-on-year.
Published on: July 31, 2026
Punjab National Bank is set to secure a substantial one billion dollars through a five-year loan arrangement. This initiative is being coordinated with international financiers to enhance participation. The loan will be eligible for the Reserve Bank of India's special swap facility. Indian banks are eager to tap into dollar funds to capitalize on overseas client deposits, targeting potential leveraged investors in the forex-deposit program.
Published on: July 31, 2026
UAE is poised to spearhead India's special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting considerable client interest. Bank officials project that more than ten billion dollars have already been sourced from the UAE. Although operational limitations for bank representatives create hurdles, the robust Indian expatriate community plays a vital role in enhancing contributions to this initiative.
Published on: July 31, 2026
Published on: July 31, 2026
Banking credit to industries showed robust growth, increasing 19.2 percent year on year. Personal loan growth also remained strong, rising 16 percent compared to last year. Medium enterprises experienced the fastest credit growth, surging 30 percent year on year. Petroleum, coal products, and gems and jewellery sectors saw significant expansion. Loan against gold jewellery emerged as the fastest growing personal loan segment.
Published on: July 31, 2026
The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note authentication machines. All cash handling staff will receive training on security features by October 2026. Banks must analyze fake note data to identify trends and hotspots. This initiative aims to strengthen the identification and reporting of fake currency notes.
Published on: July 31, 2026
Learn what influences gold prices, why gold is often considered a hedge against inflation, and how it can also support short-term financial needs through a gold loan.
Published on: July 31, 2026
Understanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as the principal falls. Loan amortisation shows how EMIs gradually repay both principal and interest. Early prepayments significantly reduce total interest paid over the loan tenure. Repo rate changes impact floating rate home loans, influencing EMIs or tenure.
Published on: July 31, 2026
Over 5.5 crore income tax returns have been filed for AY 2026-27. More than 42 lakh returns were filed on July 30 alone. The deadline for filing ITR 1 and ITR 2 is July 31, 2026. ITR Form 1 is for individuals with income up to Rs 50 lakh. ITR-2 is for individuals and HUFs with capital gains income.
Published on: July 31, 2026
India’s formal retail credit market has expanded sharply over the past decade, with credit access rising from 35% of consumers in 2017 to 74% in 2026, according to TransUnion CIBIL. Consumption-led loans such as personal loans, credit cards and consumer durable loans have driven growth, shifting borrowing from asset purchases to lifestyle spending.
Published on: July 31, 2026
New insurance norms for hospital admission issued by the General Insurance Council advise that patients with uncomplicated fever be treated on an outpatient basis rather than admitted. While the council calls it advisory, doctors and nursing home owners fear insurers will use the guidelines to deny legitimate cashless claims, particularly at smaller hospitals.
Published on: July 31, 2026
IRDAI has expanded insurers' investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, reverse repo and government securities lending transactions. The changes aim to improve investment flexibility and liquidity while setting exposure caps, eligibility criteria and disclosure requirements. The regulator has also revised limits for investments in promoter group companies.
Published on: July 31, 2026
Capital Group bought a 1.49 percent stake in IIFL Finance for Rs 374 crore. This acquisition was made through open market transactions from Fairfax India's affiliate. US-based Capital Group purchased over 63 lakh shares at an average price of Rs 590. FIH Mauritius Investments, a Fairfax India subsidiary, sold an equal number of shares. Following this transaction, FIH Mauritius Investments' shareholding in IIFL Finance decreased.
Published on: July 31, 2026
Nuclear Power Corp of India (NPCIL) had budgeted Rs 30.13 crore, including taxes, for insuring Tarapur units 3 and 4 under a one-year property damage programme, said sources. The reverse auction for covering the risk, however, saw bids fall dramatically, with Oriental Insurance quoting Rs 10 crore, United India Insurance Rs 10.98 crore, and New India Assurance Rs 28.9 crore, they added.
Published on: July 30, 2026
"Our Casa was only 10% initially. For the first three or four years of taking over management of this bank, we slowed down the loan book and focused on building the Casa ratio to 50%," V Vaidyanathan, MD and CEO, IDFC First Bank, told ET in an interview. "If we had kept growing the loan book, we could never have addressed structural issues like this. I believe in playing the long game in every format."
Published on: July 30, 2026
India's Department of Financial Services launched a new sovereign-backed P&I insurance product. This product is designed by New India Assurance Company under the Bharat Maritime Insurance Pool. The insurance offers financial protection against third-party liabilities up to USD 1.5 billion. The Bharat Maritime Insurance Pool has already provided uninterrupted war risk insurance capacity. This initiative strengthens India's maritime risk management and domestic insurance capabilities.
Published on: July 30, 2026
Banks now have until October 1 to implement new differential interest rate rules. These norms allow varied rates on bulk deposits considering liquidity coverage ratios. The Reserve Bank of India has extended the implementation deadline after bank feedback. Rates for deposits under Rs 3 crore remain outside these new stipulations. Banks must now disclose bulk deposit rates online by 10:00 am daily.
Published on: July 30, 2026
Kotak Investment Banking is undergoing a noteworthy leadership transition. V. Jayasankar and Sourav Mallik will take the reins of the investment banking sector together, while Ramesh Srinivasan will become Non-Executive Vice Chairman. His years of experience will inform strategic advice and client engagement efforts, signaling a strong foundation for future growth in the organization.
Published on: July 30, 2026
Traditional loans assumed fixed needs, but modern financial requirements are often incremental. Borrowers now seek flexibility to access funds as and when they are needed. Products offer withdrawals from approved amounts, paying interest only on utilized funds. This evolution reflects a move towards adaptable credit solutions for changing financial lives. The future of borrowing will prioritize intelligent, precise fund access over fixed loan amounts.
Published on: July 30, 2026
HDFC Bank invested over Rs 1,316 crore in CSR initiatives during 2025-26. Their Parivartan program has positively impacted more than 10.77 crore lives. The bank's rural development program now reaches over 11,000 villages nationwide. Border village coverage significantly increased to 498 from 298 previously. These efforts aim for inclusive and locally relevant future development.
Published on: July 30, 2026
ProTec General Insurance will be allowed to undertake general insurance business under the applicable regulatory framework. The four registrations granted so far in calendar 2026 include two general insurers, one health insurer and one reinsurer, Irdai said.
Published on: July 29, 2026
Axis Bank will increase the DCC fee on its credit cards to 3.5% from 1.5%, effective August 28, 2026, according to the bank's revised terms and conditions. Kotak Mahindra Bank will raise the fee on debit-card transactions to 3.5% plus goods and services tax (GST), from 1% plus GST, effective August 1.
Published on: July 29, 2026
In the first quarter of FY27, revised liquidity coverage ratio (LCR) norms came into effect, reducing the assumed run-off rate on deposits from non-financial entities such as trusts, limited liability partnerships (LLPs), and partnerships to 40% from 100% earlier. The change lowered projected 30-day cash outflows for banks, providing flexibility to the LCR mandate.
Published on: July 29, 2026
Patanjali Ayurved and Dharampal Satyapal Group secured IRDAI approval for Magma General Insurance. This acquisition marks Patanjali's significant entry into the financial services sector. Patanjali will acquire a majority stake, while DS Group will become a co-investor. Magma General Insurance has shown strong premium growth and achieved profitability. Patanjali plans to expand the insurer's product offerings and reach across India.
Published on: July 29, 2026
Mobile banking apps now serve as primary financial interfaces for millions. Consumers expect a single platform for all their financial needs. Integrated apps offer banking, investing, and wealth management services seamlessly. This shift reflects a growing demand for instant and unified financial experiences. The future of banking centers on these comprehensive digital ecosystems.
Published on: July 29, 2026
Gold loan NPAs may increase as lenders shift to monthly installments. The overall gold loan market is projected to grow over thirty percent. This expansion will take the market to thirty lakh crore by March 2028. NBFCs' market share is expected to rise to twenty-three percent by 2027-28. New players and banks entering the segment support this strong growth outlook.
Published on: July 29, 2026
Canara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to ₹12-13,000 crore. This move will impact the capital adequacy ratio by sixty basis points. Canara Bank plans an ₹8,000 crore capital raise to cover this impact. The bank's gross advances grew eighteen percent year-on-year.
Published on: July 28, 2026
State Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to boost reserves. The banks aim to leverage the Reserve Bank of India's special dollar attraction facility. This move allows them to attract overseas client deposits without hedging costs. Both institutions are actively participating in the international dollar funding market.
Published on: July 28, 2026
Banks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding costs, like ICICI Bank and HDFC Bank. The FCNR(B) scheme has mobilized over $32 billion by mid-July. Deployment of these funds profitably is key for banks' success.
Published on: July 28, 2026
