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State Bank of India has successfully completed its first gold trade on the India International Bullion Exchange. This marks a significant step towards modernising India's gold imports. The move promises greater efficiency and transparency for the entire bullion and jewellery sector. It will particularly benefit small and medium-sized jewellers. SBI's participation aims to boost liquidity and competitive pricing.
Published on: November 1, 2025
High-value Rs 2,000 notes worth Rs 5,817 crore remain in circulation. The Reserve Bank of India announced their withdrawal in May 2023. Most notes have been returned, with 98.37 percent accounted for. The Rs 2,000 banknotes continue to be legal tender. People can still exchange them at RBI issue offices or send them via India Post.
Published on: November 1, 2025
Gold loans and renewable energy sector financing have surged, more than doubling to Rs 3.16 lakh crore and Rs 14,842 crore respectively. This contrasts with decelerated growth in bank credit to NBFCs and HFCs, which saw modest increases of 3.9% and 0.2% respectively. Consumer durable and personal loans also experienced slower growth.
Published on: October 31, 2025
AU Small Finance Bank announced Deputy CEO Rajeev Yadav has resigned. He is leaving to explore new career paths. Yadav expressed gratitude for his time at the bank. He wished AU Small Finance Bank continued success. This marks a significant change in the bank's leadership. The departure comes after 18 months of service.
Published on: October 31, 2025
Abu Dhabi's International Holding Company is set to acquire a 43.46% stake in Sammaan Capital for a substantial USD 1 billion. This significant investment, channeled through its affiliate Avenir Investment RSC Ltd, marks IHC's entry into India's financial services sector. The deal, approved by Sammaan Capital's shareholders, aims to bolster lending and credit solutions with AI integration.
Published on: October 31, 2025
Unified Payments Interface (UPI) dominated festive season payments, with transaction values surging to Rs 17.8 lakh crore, indicating strong consumer spending and demand revival. Debit card usage also saw a significant increase, while credit card transactions showed restraint. This trend suggests a buoyant private consumption outlook for the current quarter.
Published on: October 31, 2025
HDFC Bank's board has approved Kaizad Bharucha's reappointment as deputy managing director. This reappointment is for a three-year term and requires approval from the Reserve Bank of India. Bharucha has a long association with the bank, joining in 1995. He plays a key role in strategic direction across various banking segments.
Published on: October 30, 2025
Indian banks are experiencing a surge of foreign investment that’s akin to a refreshing breeze in a competitive atmosphere. This wave of investment injects vital capital and advanced technology into smaller banks, enabling them to vie against industry titans. As corporate lending opportunities expand, retail banking still presents its own set of challenges.
Published on: October 30, 2025
Banks are being urged to double their target for issuing Micro Enterprise Cards this year. This initiative aims to provide quick working capital credit to eligible micro businesses. The government has finalized a model scheme for these cards, which offer a credit limit of up to ₹5 lakh.
Published on: October 30, 2025
Banks are proactively setting aside extra funds. This is in preparation for a new expected credit loss framework starting in 2027. Some lenders are also covering anticipated stress in microfinance loans. This move aims to strengthen balance sheets ahead of regulatory changes and potential challenges. Banks are building buffers to meet future requirements.
Published on: October 30, 2025
Get ready for a seamless payment experience with Samsung Wallet, as it will soon enable users to complete small UPI transactions effortlessly using just their fingerprint or face recognition. Say goodbye to memorizing your PIN for those daily payments! Plus, new Samsung smartphones will make it easier than ever to onboard your UPI account right from setup.
Published on: October 30, 2025
Bank deposit growth has slowed. Credit growth remains steady. This creates a wider gap between the two. Lower interest rates are making bank deposits less appealing to savers. Funds are shifting from current and savings accounts to fixed deposits for better returns. This trend presents a significant challenge for banks.
Published on: October 30, 2025
HDFC Bank's board has approved Kaizad Bharucha's return as Deputy Managing Director. His tenure will be for three years. This decision awaits approval from the Reserve Bank of India and bank shareholders. Bharucha currently guides the bank's assets franchise, covering retail loans, rural banking, and MSME sectors. He also oversees wholesale segments like emerging corporate and corporate banking.
Published on: October 30, 2025
UPI is now the dominant payment method in India, surpassing debit cards. Debit card usage at stores has fallen significantly. UPI's ease of use and merchant benefits are driving this shift. Credit cards still lead in high-value purchases. The future sees UPI expanding further, impacting traditional payment methods.
Published on: October 30, 2025
India Fintech Foundation has alerted the Finance Ministry and RBI about a major risk on UPI. Two companies now control over 80 percent of UPI transactions. This dominance stifles smaller competitors and limits innovation. The Foundation proposes capping incentives for large players and encouraging partnerships with smaller ones. This aims for fairer growth and better competition on the UPI platform.
Published on: October 30, 2025
Citibank plans to significantly increase its capital deployment in India as it broadens its focus on the country. Viswas Raghavan, Citi's head of banking, highlighted that Indian companies are increasingly pursuing international deals, and Citi is poised to support these ambitions with both advice and capital.
Published on: October 30, 2025
CPP Investments' India portfolio has tripled to nearly $21 billion. India is now its third-largest Asian market. The fund is exploring new infrastructure like green ammonia and EVs. CPP Investments is focused on long-term fundamentals. It sees significant opportunities in India's dynamic economy. The fund aims to deliver strong returns and build lasting partnerships.
Published on: October 29, 2025
Sundaram Home Finance anticipates robust growth in the latter half of the financial year. The company is expanding its Emerging Business segment into more towns. This segment focuses on small loans up to Rs 20 lakh. Disbursements in this area have seen significant growth. The company is also entering the Karnataka market.
Published on: October 29, 2025
The Reserve Bank of India has proposed measures to speed up cross-border inward remittances, aiming for same-day credit to beneficiaries' accounts. Banks will be required to reconcile nostro accounts near real-time and implement straight-through processing for faster settlements, with new guidelines taking effect six months after finalization.
Published on: October 29, 2025
September saw record spending on credit cards and a surge in new card additions. Festivals and tax cuts fueled domestic consumption. Total monthly card spends exceeded ₹2.16 lakh crore, a significant year-on-year increase. E-commerce spending was particularly strong. This trend is expected to continue into October with ongoing festive promotions and discounts.
Published on: October 28, 2025
New banking rules empower customers to nominate up to four people for their accounts, lockers, and safe deposit articles. These changes, effective November 1, offer greater flexibility. Depositors can now nominate minors, with an adult appointed to manage funds on their behalf. The framework replaces older rules, simplifying the nomination process for all bank customers.
Published on: October 28, 2025
Life Insurance Corporation of India has denied allegations from The Washington Post. The insurer states it neither issued nor received documents suggesting external influence on its investments in the Adani Group. LIC maintains all investment decisions are made independently and with due diligence. This is the second denial from LIC regarding the report.
Published on: October 28, 2025
Advent International's affiliate Jomei Investments has divested its entire 2% equity stake in Aditya Birla Capital for approximately $186.47 million. The sale of 53.2 million shares occurred at a slight discount to the previous day's closing price. This follows a previous sale of a 1.4% stake by Advent International in June.
Published on: October 28, 2025
Girish Kousgi has formally exited as PNB Housing Finance's MD & CEO, with his tenure concluding on October 28, 2025. Executive Director Jatul Anand will serve as interim head while the company seeks regulatory approval for a new full-time leader. Kousgi had resigned in July citing personal reasons and a desire to pursue external opportunities.
Published on: October 28, 2025
The Reserve Bank of India has rejected a proposed arrangement between ESAF Financial Holdings and its investors, which would have seen Dia Vikas Capital acquire over 12% of ESAF Small Finance Bank. This move aimed to reduce promoter shareholding, but the RBI disallowed Dia Vikas Capital's stake exceeding 5%.
Published on: October 28, 2025
Indian banks are poised for improved profitability in the fiscal year starting April 2026, with S&P Global Market Intelligence highlighting potential upside for ICICI Bank, HDFC Bank, and State Bank of India. Government reforms and expected interest rate cuts are supporting economic growth, though external trade headwinds pose risks. Investors anticipate a pickup in domestic consumption to drive returns.
Published on: October 28, 2025
HDFC Bank has placed two senior executives on gardening leave as part of an internal probe into alleged mis-selling of Credit Suisse’s Additional Tier 1 (AT1) bonds, according to Bloomberg. The action follows customer complaints that they were not fully informed about the risks of the high-yield securities, which were written off after Credit Suisse’s merger with UBS in 2023.
Published on: October 28, 2025
Jana Small Finance Bank’s plan to transition into a universal bank has hit a setback after the Reserve Bank of India (RBI) returned its application citing non-fulfilment of eligibility criteria. Managing director Ajay Kanwal said the bank will reapply after addressing the gaps, adding, “We respect RBI’s decision and will work to fulfil the requirements.”
Published on: October 28, 2025
HR technology firm PeopleStrong on Tuesday named Dinesh Kumar Khara, former chairman of State Bank of India, as chairman of its board with immediate effect. CEO Sandeep Chaudhary said the appointment marks a key milestone in the company’s goal to build a world-class SaaS enterprise.
Published on: October 28, 2025
Jana Small Finance Bank said on Tuesday that the Reserve Bank of India (RBI) has returned its application to transition into a universal bank, citing non-fulfilment of required criteria. Managing Director and CEO Ajay Kanwal said the communication from the RBI, received on Monday evening, did not specify the exact reasons.
Published on: October 28, 2025
Reserve price has been set at ₹80 cr. Other lenders are weighing the future as litigations continue to delay bankruptcy resolution.
Published on: October 27, 2025
PNB Housing Finance announced a strong second quarter performance. Net profit surged by 24% to Rs 582 crore. This growth was fueled by recoveries from written-off loans and improved operating profits. Assets under management also saw a healthy increase. The company's asset quality showed further improvement with a fall in the gross non-performing assets ratio.
Published on: October 27, 2025
A Reserve Bank of India advisory committee suggested cash-flow based lending and digital solutions like TReDS can improve MSME credit linkage. The committee also emphasized addressing information asymmetry, financial literacy, and delayed payments to promote fair lending and rehabilitation of viable distressed units.
Published on: October 27, 2025
A SIDBI survey shows micro, small, and medium enterprises in India are still wary of future interest rates. Credit availability remains a concern for these businesses. Despite challenges, some MSMEs are seeing new capital expenditure due to higher capacity use. Profitability is expected to remain stable. However, a shortage of skilled labor is a significant structural issue.
Published on: October 27, 2025
Kolkata-based VFS Capital Ltd has withdrawn its application for a small finance bank license. The Reserve Bank of India had announced receiving the application in January 2025. VFS Capital was among 72 applicants from a decade ago. The microfinance company began working with low-income borrowers in 1996-97. It registered as an NBFC-MFI in September 2013.
Published on: October 27, 2025
Jio Payments Bank Limited has updated its official website domain. The new address is www.jiopayments.bank.in. This change follows Reserve Bank of India guidelines. Customers should now use the new domain for all official communications.
Published on: October 27, 2025
India is set to significantly increase foreign investment limits in its state-run banks. The government is considering raising the cap to 49 percent from the current 20 percent. This move aims to attract more capital and align regulations with those for private banks. The Reserve Bank of India is involved in these discussions.
Published on: October 27, 2025
India's banking sector is experiencing a significant influx of international capital, with nearly $15 billion in deals this year. Global investors are drawn to India's rapid economic growth, underbanked market, and robust digital infrastructure. This foreign investment signals confidence in the sector's resilience and long-term potential.
Published on: October 27, 2025
Indian insurance payments surged 14% week-on-week and 35% year-on-year during the festive season, driven by a 0% GST reform and early spending. UPI dominated, while credit cards saw a strong comeback for higher-value policies, and monthly premium plans gained traction, indicating insurance is now a key part of festive planning.
Published on: October 27, 2025
Toru Nakashima, the Group CEO of Sumitomo Mitsui Banking Corporation, recently engaged with employees at Yes Bank, emphasizing his commitment to their future. He conveyed a message of confidence regarding job security and anticipated growth, following SMBC's recent acquisition of a 20% stake in the bank.
Published on: October 26, 2025
State Bank of India is set to recruit approximately 3,500 officers to strengthen its operations. The bank is also focusing on increasing its women workforce to 30 percent within the next five years. This initiative aims to enhance gender diversity across all levels of the organization. SBI is implementing various programs to support women employees and foster leadership opportunities.
Published on: October 26, 2025
Life Insurance Corporation of India (LIC) has vehemently denied a Washington Post report alleging government pressure to invest $3.9 billion in Adani Group companies. LIC stated that no such proposal was ever drafted by officials, calling the report false and baseless. The insurer's recent investment in Adani Ports and SEZ bonds had previously drawn criticism from opposition parties.
Published on: October 26, 2025
The Reserve Bank of India has approved C S Rajan's reappointment as Part-Time Chairman of Kotak Mahindra Bank for a term extending from January 1, 2026, to October 21, 2027. This decision follows the bank's application for an extension, aligning with the end of his current tenure as an Independent Director.
Published on: October 25, 2025
HDFC Pension aims to double its subscriber base in the coming years, targeting the youth and unorganized workforce to enhance retirement readiness across India. The company is focusing on expanding distribution, driving awareness, and innovating products to make NPS accessible and appealing, especially with recent regulatory reforms making it more flexible.
Published on: October 25, 2025
Life Insurance Corporation of India (LIC) on Saturday rejected The Washington Post report alleging that Indian officials drafted a May proposal to direct around $3.9 billion from the state-owned insurer to Adani Group companies. LIC said the claims were “false” and intended to damage its reputation and the credibility of India’s financial sector.
Published on: October 25, 2025
Tensions have surfaced between Reserve Bank of India and State Bank of India as an RBI economist claims their research has been lifted in recent SBI reports. The controversy involves accusations of plagiarism, particularly in SBI's Ecowrap, which allegedly mirrors RBI's Monetary Policy documents.
Published on: October 24, 2025
The Reserve Bank of India is proposing significant changes to lending against securities. Individuals can now borrow up to Rs 1 crore against shares and debt mutual funds. The loan to value ratio for loans against shares will increase to 60 percent, and for debt mutual funds to 75 percent.
Published on: October 24, 2025
India's largest banks, SBI and Bank of Baroda, are spearheading a new digital payments intelligence platform. This initiative aims to detect and prevent fraudulent transactions across all banks in real time. All 12 state-run banks will hold equity in the proposed entity, named Indian Digital Payment Intelligence Corporation. This move strengthens risk management amid rising bank frauds.
Published on: October 24, 2025
Insurers are renegotiating terms with distributors. This follows the government's GST exemption for individual life insurance policies. The change has disrupted commission structures and profitability. Large distributors are protecting margins. Smaller intermediaries and agency networks may face challenges. Companies are adjusting operations and engaging with distributors to manage the impact.
Published on: October 24, 2025
The RBI has released draft guidelines for acquisition finance by banks to Indian companies, requiring target entities to be listed with a three-year profit history and satisfactory net worth. Aggregate exposure limits are set at 10% of Tier 1 capital, with a maximum 70% bank financing of the acquisition value.
Published on: October 24, 2025
