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Formerly known as Highways Infrastructure Trust, Vertis Infrastructure Trust will use the proceeds to support the recently awarded TOT-16, a 252-km NH-44 highway corridor in Telangana, aimed at enhancing regional connectivity.
Published on: July 23, 2025
The Insolvency and Bankruptcy Code (IBC) has significantly impacted stressed debt resolution in India, directly resolving approximately Rs 12 lakh crore through 1,200 cases. Beyond formal admissions, it prompted settlements of Rs 14 lakh crore, acting as a strong deterrent.
Published on: July 23, 2025
RBI data for FY25 shows public sector banks (PSBs) wrote off loans worth over ₹58,000 crore, even as reported frauds in banks more than doubled to ₹36,013 crore from ₹12,231 crore in FY24.
Published on: July 22, 2025
Credit card issuers in India experienced a decline in new card additions in June 2025. Reserve Bank of India data indicates overall industry growth turned negative for the first time since Covid-19. Credit card spending also decreased. ICICI Bank and Kotak Mahindra Bank saw significant drops in cards in use. Banks are now focusing on high-quality customers.
Published on: July 22, 2025
Private banks recorded a sharper fall, primarily because they have a higher share of loans priced on the external benchmark linked rate (EBLR) in their portfolio. EBLR adjusts more rapidly to policy changes than the marginal cost of funds-based lending rate (MCLR), the benchmark that most PSB loans are linked to.
Published on: July 22, 2025
The Appellate Tribunal has reversed a decision regarding the Chanda Kochhar case. It has permitted the seizure of properties linked to Chanda Kochhar, Deepak Kochhar, and Venugopal Dhoot. The Enforcement Directorate's appeal was upheld, criticizing the Adjudicating Authority's previous ruling. The tribunal highlighted ignored evidence and the role of Deepak Kochhar in NuPower Renewables.
Published on: July 22, 2025
State-run banks plan to disinvest in their insurance subsidiaries. This follows the Centre's approval of 100% foreign investment in the insurance sector. Banks like State Bank of India, Canara Bank, and Punjab National Bank may pursue IPOs and stake sales. The government is reviewing progress on unlocking value from bank subsidiaries.
Published on: July 22, 2025
Paytm allocated ₹4,300 crore from its IPO to strengthen its ecosystem, focusing on user acquisition, merchant partnerships, and its payments platform. While ₹2,000 crore was earmarked for new ventures, it remains unutilized. Paytm reported a Q1 FY26 net profit of ₹122.5 crore, a significant improvement from the previous year's loss, with revenue increasing by 28%.
Published on: July 22, 2025
RBI Deputy Governor Swaminathan J criticized the banking sector's declining empathy, citing increased customer complaints and impersonal service despite technological advancements. He urged bankers to prioritize customer relationships, especially in resolving fraud and grievance redressal, emphasizing that trust-building distinguishes them from mere apps.
Published on: July 22, 2025
One 97 Communications, Paytm's parent company, reported a net profit of Rs 122.5 crore in Q1 FY26, a significant turnaround from the previous year's loss. Revenue increased by 28% to Rs 1,917 crore. The company addressed SEBI concerns regarding ESOPs by cancelling 21 million options granted to the MD & CEO, resulting in an accelerated charge and adjustments to reserves.
Published on: July 22, 2025
The Reserve Bank of India's Financial Inclusion Index (FI-Index) saw a 4.3% increase, reaching 67 in March 2025 from 64.2 in March 2024. This growth reflects improvements across all sub-indices, including access, usage, and quality. The enhanced FI-Index is attributed to greater usage and quality dimensions, indicating deeper financial inclusion and effective financial literacy efforts.
Published on: July 22, 2025
Chanda Kochhar's career, marked by pioneering achievements in Indian banking, dramatically collapsed due to corruption allegations. Rising from a management trainee to CEO of ICICI Bank, she earned global recognition before being embroiled in a scandal involving a quid pro quo loan to Videocon.
Published on: July 22, 2025
The ICICI Bank-Videocon loan fraud case saw Chanda Kochhar, former CEO, found guilty. She accepted a ₹64 crore bribe for sanctioning a ₹300 crore loan. The appellate tribunal upheld the Enforcement Directorate's charges. It termed the transaction a quid pro quo. Allegations include conflict of interest and misuse of position. The case involves loan sanctions and financial trails.
Published on: July 22, 2025
Chanda Kochhar, former ICICI Bank CEO, has been found guilty of accepting a Rs 64 crore bribe for approving a Rs 300 crore loan to Videocon. The appellate tribunal confirmed the 'quid pro quo' arrangement, highlighting that the funds were routed through her husband's company.
Published on: July 22, 2025
Public sector general insurers, including New India Assurance, are reclaiming market share in retail segments like motor and health insurance, driven by improved claim settlements and digital services. These insurers are growing premiums faster than the industry average, fueled by competitive pricing, particularly in the motor segment.
Published on: July 21, 2025
Private banks in India are facing increased competition in the home loan market from public sector banks and housing finance companies, which are offering lower interest rates. This has led to shrinking margins and slower growth for private lenders like HDFC Bank, ICICI Bank, and Axis Bank, as they struggle to match the aggressive pricing strategies of their competitors.
Published on: July 21, 2025
Life Insurance Corporation of India (LIC) has partnered with the Ministry of Rural Development to promote its Bima Sakhi Yojana in rural areas. The MoU, signed at the 'Anubhuti' conclave in Goa, aims to empower women through insurance distribution. Bima Sakhi Yojana offers a performance-based agency career for women, providing stipends and benefits similar to LIC agents.
Published on: July 21, 2025
Bajaj Finance Managing Director Anup Kumar Saha has resigned just four months after his appointment, citing personal reasons. Saha, who joined the company in 2017, has over 32 years of experience in financial services, including 14 years at ICICI Bank.
Published on: July 21, 2025
As the banking landscape evolves post-merger, the focus remains on balancing growth while ensuring stability within the financial system. The coming months will be crucial in determining how HDFC Bank navigates these challenges and capitalises on emerging opportunities in the market.
Published on: July 21, 2025
Indian banks face challenges in attracting large corporations back to traditional lending. Companies are increasingly favouring capital markets for funding. Bond and equity markets offer competitive rates. HDFC Bank and ICICI Bank have reported slower corporate loan growth.
Published on: July 21, 2025
India's ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture between Jio Financial and Allianz, and Valueattics Re, backed by Fairfax's Prem Watsa and Oben Ventures.
Published on: July 20, 2025
The Income Tax Department is scrutinising over 20 insurance firms—around 5–6 life insurers and 15 general insurers—for potential breaches of Expense of Management (EoM) norms in the past two fiscal years. No notices have been issued yet, but companies may face tax implications if unable to justify excess spending. The probe follows IRDAI’s revised expense regulations issued in April 2023.
Published on: July 20, 2025
Indian Overseas Bank is confident about sustaining its financial performance, aiming to maintain a net profit exceeding Rs 1,000 crore in upcoming quarters, driven by consistent growth. The bank reported a 76% surge in net profit for the April-June 2025 quarter, reaching Rs 1,111 crore.
Published on: July 20, 2025
The Indian Banks' Association (IBA) has urged banks to expedite the implementation of SWIFT ISO 20022 norms to avoid cross-border payment issues. IBA Chief Executive Atul Kumar Goel emphasized the importance of starting migration by August 2025. Banks risk message rejections and customer impact if they delay, as the coexistence period ends November 2025.
Published on: July 20, 2025
Financial Services Secretary M Nagaraju urged banks to strengthen cybersecurity measures amidst rising cyber threats. The 'Code Against Malware' hackathon, a collaboration between DFS, IBA, IIT Kanpur, and PNB, challenged students to develop endpoint security solutions using AI and behavioral analysis. PNB's MD and CEO, Ashok Chandra, emphasized the bank's dedication to innovation and industry-academia collaboration.
Published on: July 19, 2025
RBL Bank's net profit plummeted 46% to Rs 200 crore in Q1FY26, impacted by significant slippages in credit card and microfinance sectors. A decline in net interest income to Rs 1,481 crore and increased bad loans further strained profitability. While deposits and advances saw growth, the bank anticipates margin improvement from Q3 onwards following deposit rate cuts.
Published on: July 19, 2025
Punjab & Sind Bank's net profit surged 48% to Rs 269 crore in the first fiscal quarter, driven by increased treasury gains and improved asset quality. The gross non-performing assets ratio decreased to 3.34%. A significant rise in non-interest income and treasury earnings contributed to a 70% increase in pre-provision operating profit.
Published on: July 19, 2025
AU Small Finance Bank's first-quarter net profit increased by 16% year-on-year, reaching Rs 581 crore, driven by strong treasury earnings. However, the bank's net interest margin experienced a dip, and asset quality deteriorated, leading to a rise in gross non-performing assets to 2.47%.
Published on: July 19, 2025
The government is pushing public sector banks to increase lending to startups, encouraging collaboration with educational institutions and incubation centers. This initiative aims to establish formal banking relationships and provide crucial credit support. Banks are exploring tie-ups with incubators and considering a separate risk profiling framework to facilitate faster loan sanctions for startups, fostering growth within the Indian ecosystem.
Published on: July 18, 2025
German insurer Allianz has entered a 50:50 reinsurance joint venture with Jio Financial Services, part of Reliance Group, to expand in India’s insurance market. The two firms signed a non-binding agreement covering both general and life insurance.
Published on: July 18, 2025
Gambhir, 52, currently serves as group executive-treasury, markets and wholesale banking products at Axis Bank, a role he has held since May 2020. He brings over three decades of experience in India's financial sector, having held senior leadership positions in both domestic and global banking and financial services firms. Prior to joining Axis Bank, Gambhir was managing director and head of fixed income at Nomura India.
Published on: July 18, 2025
RBI Deputy Governor Swaminathan J urged Urban Cooperative Banks (UCBs) to prioritize governance, risk management, and secure technology adoption. He emphasized their unique community role and the importance of maintaining depositor trust. The National Urban Cooperative Finance and Development Corporation Ltd. (NUCFDC) aims to support UCBs, especially smaller ones, with technology, services, and financial assistance.
Published on: July 18, 2025
Laraware Pvt Ltd, under Anvesh Tiwari's leadership, has launched India's first AI-powered fintech platform, Nxtbanking, poised to transform digital financial services. This innovative platform enables instant deployment of intelligent financial services with robust compliance and security. Nxtbanking offers pre-integrated APIs and an AI compliance engine, streamlining processes from onboarding to fraud prevention.
Published on: July 18, 2025
Kotak Mahindra Prime will finance Tesla's electric vehicles. It is the first financier to get this status in India. Kotak Mahindra Prime will offer special car finance plans for Tesla EV buyers. Customers can view Kotak Mahindra Prime's financing options on Tesla's India portal. This collaboration will help customers achieve sustainable living. Shahrukh Todiwala shared his thoughts on this partnership.
Published on: July 18, 2025
State Bank of India has been recognized as the 'World's Best Consumer Bank' for 2025 by Global Finance magazine. The award, based on extensive research, will be presented in October 2025.
Published on: July 18, 2025
Axis Bank has announced the appointment of Neeraj Gambhir as an executive director, effective August 4, 2025. Gambhir, currently Group Executive – Treasury, Markets and Wholesale banking products, brings over 30 years of experience in the financial sector. He has held leadership positions at Nomura, Lehman Brothers, and ICICI Bank, demonstrating his extensive expertise.
Published on: July 18, 2025
Niwas Housing Finance, formerly known as IndoStar Home Finance, is an affordable housing finance company with Rs 3000 crore ($ 359 million) in assets under management that has supported over 47,000 low income homeowners and small businesses across India
Published on: July 17, 2025
India needs significant investment to combat climate change. A Deloitte India report estimates a requirement of USD 1.5 trillion by 2030. Renewable energy, sustainable infrastructure, and decarbonisation are key areas. Reaching 500 GW of renewable energy capacity requires substantial funds. Scaling up energy storage is also crucial. Strategic climate finance can accelerate decarbonisation efforts in India.
Published on: July 17, 2025
Credit scores in India, calculated by credit information bureaus, significantly impact access to loans, jobs, and even healthcare. However, inaccuracies, opaque processes, and difficulties in disputing errors plague the system. Despite RBI's efforts to improve data updates, the system remains flawed, relying heavily on lenders' data and lacking transparency, leading to arbitrary consequences for consumers.
Published on: July 17, 2025
Axis Bank reported a dip in net profit for the April-June quarter. The profit decreased by 4% compared to last year. This decline occurred despite a strong performance in the bank's core operations. The bank cited a 'Technical Impact' as the main reason. This impact relates to how the bank classifies certain loans.
Published on: July 17, 2025
Insurtech funding in India is poised to surpass $1 billion in the next year, following a period of moderated investment. A recent report highlights a decline in insurance penetration below 4%, driven by reduced life insurance uptake, signaling a significant protection gap. Regulatory initiatives like NHCX and Bima Sugam are expected to foster digital innovation in the sector.
Published on: July 17, 2025
Taipei Fubon Bank and CTBC Bank from Taiwan are preparing to establish branches in India, specifically within Gujarat's GIFT City. This initiative, announced by the Republic of China (Taiwan) in India, aims to bolster cross-border trade and financial connections between the two nations, signaling India's welcoming stance towards Taiwanese investment.
Published on: July 17, 2025
To enhance transparency and prevent misuse, the National Housing Bank (NHB) has disclosed its refinance beneficiaries after fraud allegations against Aviom India Housing Finance. NHB aims to stop entities from misusing its name to secure loans. The regulator has also reformed its disbursal process for equitable fund distribution across the housing finance sector.
Published on: July 16, 2025
Sashidhar Jagdishan of HDFC Bank became India's highest-paid banker. His salary exceeded ₹12 crore. Other top bankers like Amitabh Chaudhry, Ashok Vaswani, V Vaidyanathan also earned significant amounts. They received compensation through salary and stock options. RBI closely monitors CEO remuneration. Compensation saw modest increases. Sandeep Bakhshi's FY25 details are awaited.
Published on: July 16, 2025
India's non-life insurance sector saw growth. Premiums rose by 5.2% in June 2025. This is according to CareEdge Ratings. Health insurance growth slowed. Passenger vehicle segment growth was also muted. Non-life premiums crossed Rs 3-lakh crore in FY25. This was due to regulations and digitalisation. Bima Trinity may boost growth. Motor insurance will depend on vehicle sales.
Published on: July 16, 2025
Indian Overseas Bank has reduced its Marginal Cost of Funds-based Lending Rates. The reduction is by 10 basis points across all tenors. The revised rates are effective immediately. The bank's Asset Liability Management Committee made the decision on July 14. The new overnight MCLR is 8.15 percent. This revision will benefit borrowers with loans linked to MCLR.
Published on: July 16, 2025
Amara Partners, founded by Parag Shah, is nearing the close of its debut ₹800 crore fund, with Anand Mahindra as a key investor. The fund has already secured ₹650 crore domestically and aims to attract multinational executives.
Published on: July 16, 2025
Fitch Ratings predicts that the Reserve Bank of India's (RBI) liquidity measures will help transmit a 100 bps rate cut in 2025. The RBI has injected significant funds into the banking system. This action has eased funding conditions. Surplus liquidity and falling deposit costs are expected. The Cash Reserve Ratio (CRR) cut will further boost liquidity.
Published on: July 16, 2025
Sumitomo Mitsui Banking Corp (SMBC) has applied to the RBI to acquire up to a 25% stake in Yes Bank, exceeding the 20% outlined in their initial agreement in May. This application allows SMBC the flexibility to increase its ownership by acquiring shares from other investors, pending regulatory approval. News outlets reported SMBC's interest in an additional investment of $1.
Published on: July 15, 2025
India's insurance regulator, IRDAI, is proposing to double investment limits for insurers in REITs and InvITs, aiming to channel more long-term capital into infrastructure and real estate. The regulator is also considering allowing insurers to invest in gold ETFs under ULIPs, with a cap of 5% of a segregated fund's assets.
Published on: July 15, 2025
