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Indian banks and their overseas branches can now lend in Indian Rupees to residents of Bhutan, Nepal, and Sri Lanka, including their banks, to boost cross-border trade. This move, aimed at facilitating external trade and payments, follows recent RBI amendments to foreign exchange regulations.
Published on: October 13, 2025
Emirates NBD Bank is in advanced talks to invest Rs 15,000 crore in RBL Bank, aiming to become its largest shareholder with a 51% stake. The deal, pending RBI approval, will expand the UAE bank's Asian footprint and tap into the India-Middle East remittance market. RBL Bank's share price has surged in anticipation of this significant foreign investment.
Published on: October 13, 2025
Tata Capital aims to double its loan book within three years, projecting credit costs below 1%. The non-bank lender, which recently listed on the stock exchange, is confident in its growth strategy, particularly in the SME sector. The company anticipates leveraging India's economic momentum to expand its market share.
Published on: October 13, 2025
Jio Financial Services on Monday said its subsidiary, Jio Payments Bank (JPBL), has secured a contract to implement the FASTag Automatic Number Plate Recognition (ANPR)-based Multi-Lane Free Flow (MLFF) toll collection system at two plazas — Shahjahanpur and Manoharpura — on the Gurugram-Jaipur highway.
Published on: October 13, 2025
Foreign bank CEOs met with RBI Governor Sanjay Malhotra, proposing reduced risk weights for unrated multinationals and doubling agriculture loan limits via NBFCs. They also sought easier priority sector norms for foreign banks with over 20 branches, suggesting an expansion of export credit leeway. The RBI governor pledged to review these suggestions.
Published on: October 12, 2025
Rural areas now account for approximately 80% of non-bank lenders' microfinance business, the highest share since 2011. This shift, driven by better repayment rates in rural regions, signals a focus away from urban lending. The trend aligns with India's demographic structure, with nearly 80% of the population residing in rural areas.
Published on: October 12, 2025
Reserve Bank of India's new proposal will allow banks to fund mergers and acquisitions. This change is expected to reduce fee income for debt capital market bankers. Previously, non-bank lenders and private funds dominated this financing. Now, banks entering this space may compress spreads and increase competition. This shift impacts how M&A deals are financed in India.
Published on: October 12, 2025
Banks have asked the Reserve Bank of India for an exemption on sending SMS alerts for small transactions under ₹100. This move aims to reduce customer clutter and fatigue from frequent notifications. Banks propose safeguards, including customer consent, to ensure security. Customers can still opt for alerts via banking apps or emails.
Published on: October 12, 2025
EnerGrid is seeking substantial funding to develop new greenfield transmission and battery energy storage projects across India. This initiative aims to strengthen the national grid and support the energy transition. The platform, backed by KKR, BII, and Norfund, has already launched a significant battery project in Gujarat.
Published on: October 12, 2025
State Bank of India is boosting gender diversity. The bank plans to reach 30 percent women in its workforce in five years. SBI is implementing programs for women's leadership and work-life balance. Initiatives include creche allowance and return-to-work training. Focused health screenings and a vaccination drive are also in place. SBI is committed to an inclusive environment for all employees.
Published on: October 12, 2025
NBFCs and NBFC-MFIs are central to India's microfinance sector. They serve most clients and hold the largest loan portfolio. This sector is vital for financial inclusion, helping millions access credit. Recent controls have impacted growth, but a better performance is anticipated this fiscal year. Bihar, Tamil Nadu, Uttar Pradesh, West Bengal, and Karnataka lead in micro-lending.
Published on: October 11, 2025
The Reserve Bank of India has appointed Sonali Sen Gupta as its new Executive Director, effective October 9, 2025. With over three decades of experience at the central bank, Sen Gupta will now lead crucial departments including Consumer Education and Protection, and Financial Inclusion.
Published on: October 11, 2025
The Enforcement Directorate (ED) in Kochi questioned George Alexander Muthoot, MD of Muthoot Group, in a money-laundering case. The ED's action stems from Kerala Police FIRs alleging investors were lured with high returns on fixed deposits and NCDs, with funds allegedly diverted to Srei Equipment Finance Limited, misrepresented as a sister concern. Investors faced non-repayment, leading to allegations of fraud.
Published on: October 10, 2025
State Bank of India has disbursed Rs 74,434 crore to 2.25 lakh MSMEs in under 15 months. The bank's SME Digital Business Loans platform offers credit up to Rs 5 crore. This digital journey provides end-to-end sanction in up to 45 minutes. Leveraging technology and APIs, the platform uses ITR, GST, and bank data for quick decisions.
Published on: October 10, 2025
Bank unions strongly protest the government's decision to open top positions in public sector banks to private sector candidates. UFBU argues this move is a de facto privatization and a legal/constitutional transgression, demanding the revised guidelines be suspended pending a comprehensive review and stakeholder committee formation.
Published on: October 10, 2025
The worst appears to be over for microfinance institutions, though adequate funding support remains crucial for the sector. While asset quality stress is expected to persist into the second half of the fiscal year, a decline in stress patterns indicates a potential reversal in loan outstanding, contingent on continued institutional support and adherence to regulatory norms.
Published on: October 10, 2025
The government has opened top management roles in public sector banks, including State Bank of India (SBI), to private sector candidates. One of SBI’s four MD positions and select executive director (ED) posts in PSBs will now accept private sector applicants.
Published on: October 10, 2025
Microfinance firms may see ongoing challenges with loan quality and profits even after FY26. A rebound in growth depends on securing sufficient funding. While early-stage loan stress is declining, later-stage issues persist. Industry body Sa-Dhan advises MFIs to explore diverse funding sources and enhance digital operations for future growth.
Published on: October 10, 2025
The gold loan market is set to reach Rs 15 lakh crore by March 2026. Banks are leading this growth, expanding their market share significantly. Rising gold prices are a key factor in this accelerated expansion. The market is projected to further grow to Rs 18 lakh crore by FY2027. This indicates a robust future for the sector.
Published on: October 10, 2025
Money20/20 USA returns to Las Vegas, uniting banking, AI, payments, and policymaking leaders to "Create the Future." The event will explore digital assets, AI's impact, and the blurring lines between traditional and digital finance. Keynotes from U.S. Bank and BNY, alongside discussions on AI, humanitarian finance, and stablecoins, will shape the industry's next quarter.
Published on: October 10, 2025
Monu Ratra, formerly of IIFL Home Finance, is stepping into the role of CEO at Capri Global Capital. He will spearhead the non-bank lender's operations and growth strategy, reporting to MD Rajesh Sharma. Capri Global, a retail-focused NBFC with substantial assets under management, offers diverse loans including MSME, gold, construction finance, and housing finance.
Published on: October 9, 2025
India's payments authority NPCI, alongside fintech firm Razorpay and OpenAI, is piloting AI-driven payments on ChatGPT. This groundbreaking initiative leverages India's Unified Payments Interface (UPI) to enable users to make purchases directly through the AI chatbot. The pilot aims to explore secure, autonomous transactions for users, with Axis Bank, Airtel Payments Bank, and Bigbasket as key partners.
Published on: October 9, 2025
HSBC has committed $1 billion to fund Indian startups through its innovation banking platform, offering working capital and term loans. This expansion, following the UK Silicon Valley Bank acquisition, marks India as the 13th market with a dedicated startup program.
Published on: October 9, 2025
State Bank of India Chairman CS Setty has urged policymakers and tech developers to simplify the Know Your Customer (KYC) process, identifying it as a major hurdle for both banks and customers. SBI is also enhancing its YONO 2.
Published on: October 8, 2025
New banking rules for credit loss provisions will have limited impact. The Reserve Bank of India has proposed a phased implementation starting April 2027. Banks will have four years to adjust existing loans. State Bank of India chairman CS Setty confirmed the bank is technologically prepared for these upcoming changes.
Published on: October 8, 2025
RBI Governor Sanjay Malhotra highlighted the crucial role of the account aggregator framework and the new unified lending interface (ULI) in expanding credit access for the under-served. These initiatives aim to enhance interoperability and leverage richer financial data, strengthening the credit delivery ecosystem and fostering financial inclusion.
Published on: October 8, 2025
Public sector banks have backed the One Nation, One Election Bill. They believe simultaneous elections will minimize disruption to banking services and ease the burden on staff. The Lok Sabha has extended the deadline for the joint parliamentary committee report on the Bill to 2025. Concerns about consecutive holidays are being addressed. Simultaneous elections could also significantly cut financial costs.
Published on: October 8, 2025
The Supreme Court has directed the Ministry of Corporate Affairs to present original records concerning the closure of illegalities flagged by SEBI in Indiabulls Housing Finance. The court seeks to understand the extent of objections that were closed. The Enforcement Directorate is also asked to clarify its stance on money laundering charges and its actions.
Published on: October 8, 2025
The Reserve Bank of India has imposed significant restrictions on The Baghat Urban Co-operative Bank, including a Rs 10,000 withdrawal cap per customer. These measures were necessitated by the bank's failure to address supervisory concerns and protect depositors' interests.
Published on: October 8, 2025
Fintech firm Pay10 has appointed cricketer Virat Kohli and actress-producer Anushka Sharma as its global brand ambassadors to support the launch of its UPI-enabled payments app in India. The couple's endorsement aims to position Pay10 as an inclusive digital payment solution for consumers and businesses, leveraging their extensive digital reach to amplify the brand's presence.
Published on: October 8, 2025
India aims for developed nation status by 2047. Niti Aayog CEO BVR Subrahmanyam highlights technology's role in expanding credit access. Fintech will drive financial inclusion for women, MSMEs, and youth. India's digital ecosystem and AI innovation position it as a global fintech leader. A comprehensive fintech platform is envisioned by 2047.
Published on: October 8, 2025
Gujarat's GIFT City is set to revolutionize forex transactions for Indian lenders, aiming for instant settlements through the tax-neutral hub. This initiative, in discussion with the central bank, promises quicker, cheaper forex deals for foreign investors and opens new avenues for banks. A real-time settlement system is already operational for GIFT City branches, significantly reducing settlement times.
Published on: October 8, 2025
Indel Money is launching its sixth public issue of secured Non-Convertible Debentures. The issue opens on October 13 and closes on October 28, 2025. The company aims to raise up to ₹300 crore. Funds will be used for lending, financing, and repaying borrowings. Indel Money has a significant Assets Under Management and a wide branch network across India.
Published on: October 8, 2025
Indian banks are set for growth despite global challenges. S&P Global Ratings reports banks can absorb rising credit costs. Credit growth is expected to pick up from the second half of fiscal 2026. Asset quality will soften slightly. Corporate financial health is improving, indicating banks can manage potential loan defaults.
Published on: October 8, 2025
India’s digital payment story is now one of balance -- between instant UPI transfers and credit-driven purchases, between small daily spends and aspirational big buys. As the festive season continues, that balance is likely to tilt further toward credit as consumers chase offers, cashbacks, and the ease of paying later.
Published on: October 8, 2025
Reserve Bank of India's new credit risk rules and expected credit loss framework will not greatly affect bank balance sheets. State Bank of India's chairman stated this is due to a long transition period. The proposals aim to align India's banking rules with global standards. Banks will classify loans based on credit risk.
Published on: October 8, 2025
Anicut Capital has led a pre-seed funding round for Goodmelts, a D2C brand focused on toxin-free, sustainable home fragrance products. Founded in 2023, Goodmelts aims to elevate home scents beyond odor elimination, influencing emotions and well-being. The investment underscores growing confidence in Indian brands prioritizing safety and consumer wellness.
Published on: October 8, 2025
London-based digital finance firm Revolut is launching its payment platform in India, marking its entry into a major digital payments market. The platform will facilitate domestic and international payments through partnerships with Unified Payments Interface and Visa, with a goal of acquiring 20 million customers by 2030.
Published on: October 8, 2025
The Reserve Bank of India has taken over the board of Irinjalakuda Town Co-operative Bank. This action is due to the bank's ongoing poor financial health and governance problems. An administrator and advisors will now manage the bank for a year. Similar restrictions have been placed on Sadbhav Nagrik Sahakari Bank and Samarth Urban Co-operative Bank.
Published on: October 7, 2025
Bajaj Finserv has rebranded its insurance arms to Bajaj General Insurance and Bajaj Life Insurance, marking a significant shift after acquiring Allianz SE's stake for full ownership. This move signifies a renewed commitment to India's insurance sector, emphasizing trust and national growth. The company aims to empower Indians financially while upholding core values.
Published on: October 7, 2025
The Reserve Bank of India has cancelled the banking licence of Jijamata Mahila Sahakari Bank, Satara, citing inadequate capital and poor earning prospects. The bank, which had its licence previously cancelled and then restored, will cease banking operations by October 7, 2025. Depositors will be eligible for insurance claims up to Rs 5 lakh.
Published on: October 7, 2025
IDBI Capital and Northern Arc Capital have jointly invested Rs 60 crore in Satin Finserv, the MSME lending arm of Satin Creditcare Network. Each firm contributed Rs 30 crore via listed, secured, and rated non-convertible debentures at a 10.95% annual coupon. The funds will fuel the expansion of MSME lending and green finance initiatives.
Published on: October 7, 2025
The government is set to finalize the IDBI Bank stake sale by fiscal year-end, with financial bids expected soon. This significant divestment, alongside plans for other state-run banks, aims to meet regulatory requirements and boost public shareholding. The process, announced in 2022, is progressing as planned, signaling a major step in the banking sector's reform agenda.
Published on: October 7, 2025
PhonePe has launched its new SmartPOD, a device merging POS and smart speaker functions, enabling small merchants to accept both UPI and card payments. Designed in India, it supports major card networks and offers features like dual displays and celebrity voice confirmations. This move aims to boost digital payment adoption for businesses of all sizes across India.
Published on: October 7, 2025
The Reserve Bank of India is enhancing the banking ombudsman scheme. Customers may receive up to Rs 30 lakh for losses. An additional Rs 3 lakh can be awarded for harassment and time spent on grievances. Co-operative bank customers can now approach the ombudsman from November 1.
Published on: October 7, 2025
Axis Bank is targeting leadership in acquisition financing. The Reserve Bank of India is expected to allow domestic banks into this segment. Axis Bank's CEO stated the bank will compete with foreign lenders. Axis Bank is also awaiting RBI's final circular on its NBFC subsidiary, Axis Finance, before proceeding with a stake sale.
Published on: October 7, 2025
Starting October 8, India will allow users to authenticate Unified Payments Interface (UPI) transactions through facial recognition and fingerprints, using Aadhaar-based biometric data, sources said. The move follows new RBI guidelines permitting alternative authentication methods and replaces the current PIN-based system. The NPCI plans to showcase the feature at the Global Fintech Festival in Mumbai.
Published on: October 7, 2025
The Reserve Bank of India is set to launch a pilot for certificate of deposit tokenisation on October 8, utilizing its wholesale CBDC as the underlying layer. This initiative aims to create digital representations of financial assets on a blockchain, enabling faster, cheaper, and safer transactions. The RBI is collaborating with select banks, emphasizing regulatory guardrails to manage associated risks.
Published on: October 7, 2025
Sammaan Capital is set to significantly expand its affordable housing loan offerings. A substantial $1 billion investment from Abu Dhabi's International Holding Company will fuel this growth. The company aims for 1 trillion Indian rupees in assets under management by financial year 2027. This strategic move involves opening numerous new branches, primarily in smaller cities and suburban areas.
Published on: October 7, 2025
Microfinance interest rates are rising, defying the general trend of declining rates, as lenders grapple with increased credit costs and persistent asset quality issues. Major NBFC-MFIs have hiked their lending rates, widening the range to 18-28% due to higher delinquency and funding costs.
Published on: October 6, 2025
