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This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits.
Published on: August 21, 2026
Shriram Wealth aims to target new clients with investable assets from ten lakh rupees. The company will utilize the Shriram Group's extensive branch network for expansion. Artificial intelligence-based solutions are planned for introduction within the next six months. This move follows a joint venture with South African firm Sanlam in June 2025. Shriram Wealth also plans to establish fifty centers across India.
Published on: August 21, 2026
The Reserve Bank of India recently levied fines on two financial firms for regulatory failures. Shri Ram Finance Corporation was penalized Rs 8.10 lakh due to management transitions and a lack of proper risk classification for clients. Meanwhile, Progfin incurred a Rs 2.70 lakh fine for failing to conduct timely risk reviews. Both penalties highlight the significance of compliance with established regulations.
Published on: August 21, 2026
AI agents are increasingly performing purchases, which presents new payment challenges. Banks and networks must verify agent intent and transaction legitimacy. New security measures will distinguish between genuine and malicious automated activity. Payment rails may become invisible as consumers focus on speed and reliability.
Published on: August 21, 2026
India’s gold loan market is emerging as a growth opportunity for financial institutions, with outstanding loans against gold jewellery reaching Rs 3.3 lakh cr by May 2026. Tata Capital, Godrej Capital and Aditya Birla Capital are expanding aggressively as lenders shift toward secured retail credit, driven by rising gold prices, strong demand, regulatory changes and India’s vast household gold holdings.
Published on: August 21, 2026
Punjab National Bank and the Indian Army have signed an exclusive memorandum of understanding. This partnership will offer two specialised credit cards for Army personnel. These cards provide benefits like cashback and airport lounge access. The PNB Parakram Credit Card features an environmentally friendly biodegradable design.
Published on: August 21, 2026
Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank. The government and Life Insurance Corporation are finalizing this significant transaction. Fairfax currently holds a substantial stake in the smaller lender CSB Bank. The Canadian investor will either sell its CSB stake or merge it with IDBI Bank.
Published on: August 21, 2026
Over one crore NCMC RuPay smartcards were registered in five months. These cards now serve MSRTC concessional passengers across Maharashtra's villages. The digital passes replace old paper systems, improving verification and reducing misuse. This initiative aligns with Prime Minister Modi's Digital India 'One Nation, One Card' vision. Future plans include retail payments and integration with metro and water transport.
Published on: August 21, 2026
India Private Equity Investment 2026: Geopolitical risks now shape private equity deal considerations in India. Investors increasingly focus on resilience and supply-chain stability for investments. Capital deployment concentrates on manufacturing and financial services sectors. Export-oriented businesses still attract interest despite US tariff uncertainties. India remains an attractive destination due to its market scale and policy support.
Published on: August 21, 2026
While things are changing, insurance is still seen as a bit of a savings and tax product. We are focusing on making protection and annuity more relevant across proprietary and partnership channels, where we are looking at growth of 15% or 16%. The discussion is around protection rather than just premium. We've started focusing very sharply on the young Indian middle clas, says Sumit Madan.
Published on: August 20, 2026
Niva Bupa's allowable expense for FY25 was Rs 2,403.75 crore, while its actual expenses stood at Rs 2,652.12 crore, exceeding the limit by Rs 248.37 crore, according to the regulator's order. Irdai has prescribed limits to ensure insurers control management and operating costs so that a reasonable portion of premiums collected from policyholders is available for providing insurance cover and settling claims.
Published on: August 20, 2026
The upgrade helped Shriram, in which Japan's Mitsubishi UFJ Financial Group (MUFG) bought a significant stake, save 60-80 basis points on a $1.3-billion syndicated loan. One basis point is a hundredth of a percentage point. Managing director and CEO Parag Sharma expects such clauses to become more prevalent as growing focus on credit ratings is expected to determine the rates at which financiers raise money.
Published on: August 20, 2026
Private credit investments were broadly similar to the second half of 2025 levels of $3.4 billion, with refinancing, holding-company funding and acquisition financing serving as key drivers of activity. "The growing share of domestic capital is one of the most significant developments in India's private credit market," Vishal Bansal, partner, debt and special situations, EY India, said.
Published on: August 20, 2026
Urban co-operative banks may be limited in size but face risks far beyond their physical footprint, RBI Deputy Governor Swaminathan J said. He flagged cyber threats, digital fraud and dependence on external service providers as key vulnerabilities, urging stronger safeguards, continuity planning and shared infrastructure to bolster UCBs’ resilience.
Published on: August 20, 2026
Aditya Birla Capital will enter India’s competitive gold loan market with 200-300 dedicated branches by March 2027, followed by a target of around 1,000 branches over three years. The move comes after Tata Capital and Godrej Capital entered the segment, as diversified non-bank lenders expand secured lending portfolios.
Published on: August 20, 2026
Private credit deployments saw a sharp 61 percent drop in early 2026. This decline occurred amid a volatile macro economic environment and shifting fund dynamics. Domestic funds led nearly three-fourths of the deployments during this period. Real estate remained a favored investment sector for private credit funds. Regulatory changes and bank credit growth also influenced private credit volumes.
Published on: August 20, 2026
Bajaj Finance provides an EMI calculator for loans against property, making it easier to budget for repayments. This tool allows users to estimate monthly payments and overall borrowing costs, as well as compare different loan amounts and repayment durations. By illustrating possible financial commitments, it equips borrowers to make informed choices. The loan application process is also streamlined online for convenience.
Published on: August 20, 2026
When considering a bike purchase, it's vital to ensure it fits within your financial landscape. Assess your income alongside current obligations before determining your loan amount. Using a two-wheeler loan EMI calculator can simplify your comparison of repayment scenarios. Maintaining an equilibrium between your initial contribution, monthly payments, and savings is essential for your financial wellness. Bajaj Finance presents flexible tenure options and financing solutions for qualified buyers.
Published on: August 20, 2026
Niva Bupa Health Insurance received an order from the regulator to halt new places of business. This action stems from failing to meet expense management limits for the 2024-25 financial year. The company is currently evaluating the order and will take appropriate steps. Niva Bupa stated compliance for the 2025-26 fiscal year and the first quarter. Shares of Niva Bupa closed lower on the BSE following the announcement.
Published on: August 20, 2026
Prudential HCL Health Insurance has officially begun its operations today. The joint venture, backed by Prudential and HCL, enters the large Indian health market. It will leverage AI-powered experiences and a network of over 12,000 hospitals. The insurer plans an omnichannel model combining agency advice and direct-to-consumer digital platforms. Customers can select cover, manage policies, and access support through digitally enabled services.
Published on: August 20, 2026
Aditya Birla Capital Limited is entering the gold loan business segment. The company plans to establish approximately 1,000 branches over three years. This strategic expansion complements its existing retail and MSME lending franchise. Diversified lenders are showing increased interest in India's fast-growing gold loan market. Gold loans are witnessing strong structural growth amid rising commodity prices.
Published on: August 20, 2026
Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to 9.99 percent. Currently, LIC holds 4.11 percent of HDFC Bank's total share capital. The approval grants LIC flexibility to raise its investment in the lender. This development strengthens LIC's financial services sector exposure.
Published on: August 20, 2026
Public sector banks offered many bad loans previously for sale. Nearly eighty percent of these loans were repeat sale attempts. Indian Overseas Bank and Indian Bank led these repeated offerings. Private sector banks showed a sharp contrast with few repeat sales. This highlights challenges in selling large legacy corporate accounts.
Published on: August 19, 2026
Used car financing grew faster than auto loans over five years. The used car finance portfolio reached Rs 1.3 lakh crore by June 2026. Auto loans portfolio grew to Rs 9.9 lakh crore during the same period. Financiers funded used cars despite facing higher stress levels. Overall asset quality in the wheels finance segment is now stabilising.
Published on: August 19, 2026
Banks must measure financial inclusion by effective usage and informed decisions. Technology shifts and consumer behavior necessitate responsive banking systems. Digital inclusion deepens, and AI helps recognize capability across diverse groups. Institutions need skilled people to challenge models and oversee external providers. Prudence requires pooled intelligence and credible alternatives for system resilience.
Published on: August 19, 2026
Siguler Guff has secured $500 million for India's mid-market businesses. The capital will fund founder and family-owned companies in key sectors. Investments will target firms benefiting from domestic consumption and global demand. This strategy focuses on growth capital and operational support for businesses. The firm has already deployed funds into several new ventures.
Published on: August 19, 2026
Starting April 2027, UK pension pots will be subject to inheritance tax, prompting a reevaluation of legacy planning strategies. For Indians holding UK pensions, transferring them to Indian QROPS before this deadline becomes vital. This process involves specific forms and an exact completion sequence. Indian pension schemes present a variety of investment options tailored to different risk profiles.
Published on: August 19, 2026
Artificial intelligence is increasingly assisting in financial tasks and decision-making. Organisations report improved decision quality and faster processing with AI integration. Routine finance work like bookkeeping is being automated by AI systems. However, complex decisions still require human judgment and professional expertise.
Published on: August 19, 2026
India's rupee banknotes in circulation significantly outnumber US dollar and Euro notes. The Reserve Bank of India reports 176 billion rupee notes are currently in use. This volume is driven by a preference for lower-denomination notes and a Clean Note Policy. Physical currency circulation expands at double-digit rates annually, despite digital payment growth. This expansion presents forecasting challenges for the central bank's production planning.
Published on: August 19, 2026
Indian households are increasingly recognizing the value of their wealth stored in bank deposits. With savings accounts providing both liquidity and interest returns, consumers can see tangible benefits from their balances each month. This evolution positions savings accounts as crucial financial tools, moving beyond mere holding areas to serve as a bridge for everyday expenses and long-term wealth building.
Published on: August 19, 2026
Finance Minister Nirmala Sitharaman wants public sector banks to appear more appealing to young customers. She urged banks to engage directly with youth and understand their banking expectations. A month-long 'Banking for Youth' campaign will launch on October 2 for individuals sixteen and older. Banks will offer free online courses and lifestyle benefits to attract younger clients. Dedicated 'Yuva Kiosks' and 'Yuva Banking Mitra' will assist young customers in branches.
Published on: August 19, 2026
Published on: August 19, 2026
Kotak Mahindra Bank successfully raised $650 million through its five-year dollar bonds. This issuance occurred at a coupon rate 27 basis points below initial guidance. Indian lenders have collectively raised $6.95 billion since June 5. These funds will diversify sources and support general corporate purposes. The Reserve Bank of India's swap facility closes on August 31.
Published on: August 19, 2026
India's top private banks are reducing their employee numbers significantly. This workforce contraction occurred after substantial hiring in the previous fiscal year. Technology-led efficiencies are enabling banks to expand operations without increasing staff. Some midsize lenders, however, have increased their headcount during this period. Banks are accelerating AI and automation deployment across their operations.
Published on: August 19, 2026
The apex court also directed the special court in Mumbai dealing with money-laundering cases to decide within two weeks on the CBI's plea seeking further investigation into a sixth transaction involving Rs 1,574 crore.
Published on: August 18, 2026
India's fair trade regulator CCI has approved Prudential Corporation Holdings' stake acquisition. This acquisition involves a significant equity shareholding in Bharti Life Insurance Company. UK-based Prudential plc will acquire a majority 75 percent stake for Rs 3,500 crore. The transaction requires Prudential to reduce its holding in an existing venture. Post completion, Prudential's Indian operations will include majority-owned Bharti Life Insurance.
Published on: August 18, 2026
Regional Rural Banks saw gross loans rise 10.3 percent to Rs 5,78,349 crore. Their performance under Priority Sector Lending targets remained strong, achieving 91.7 percent. Agriculture and allied activities formed the largest credit component, accounting for 77 percent. MSME lending focused on micro enterprises, supporting rural entrepreneurs and small businesses. RRBs also extended significant credit to weaker sections and inclusive development areas.
Published on: August 18, 2026
Education loan applications are increasingly coming from smaller Indian cities. Tier II and III cities now represent over eighty-six percent of loan requests. Uttar Pradesh and Maharashtra show the highest volume of these applications. Job training and MBA programs are the most financed courses by students. This trend indicates growing ambition and a focus on career outcomes in smaller towns.
Published on: August 18, 2026
Finance minister Nirmala Sitharaman said public sector banks are operating with “considerable strength” and urged them to use it with “greater ambition”. At the PSB Confluence, she asked banks to launch a month-long ‘Banking for Youth’ campaign from October 2 and build awareness among young people about formal credit.
Published on: August 18, 2026
L&T Finance plans to open 500 new gold loan branches this financial year. This expansion aims to increase its network significantly and capitalize on sector growth. The company entered the gold loan market last year after acquiring Paul Merchants Finance. Gold loans are a key driver for L&T Finance's growth agenda.
Published on: August 18, 2026
Godrej Industries Group is entering the private credit market with a new fund. The company aims to raise up to two thousand crore rupees for this venture. This new alternate investment fund will focus on mid-market companies. Financing will be secured by hard collateral and comprehensive covenant protection. The fund targets high net worth and institutional investors for capital.
Published on: August 18, 2026
The RBI’s proposed curbs on flexi loans could reshape how India’s self-employed workers and small businesses borrow. While the move aims to prevent evergreening of bad debt, it could also restrict a useful source of flexible working capital. The bigger question is whether tighter oversight can curb misuse without shutting out genuine borrowers.
Published on: August 18, 2026
Axis Bank is broadening its corporate banking services beyond just lending. The lender targets fee income and low-cost deposits from corporate ecosystems. It handles collections, payments, trade finance, and salary accounts for businesses. Investment banking and wealth management services are also offered to companies and their promoters. This strategy aims to build liability and fee franchises by managing more corporate cash flows.
Published on: August 17, 2026
Finance Minister Nirmala Sitharaman on Monday said India’s banking sector is in its strongest position to undertake the next phase of reforms, aided by historically low non-performing assets. She said the High-Level Committee on Banking for Viksit Bharat will be announced soon to align the sector with India’s growth ambitions.
Published on: August 17, 2026
SBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging costs at USD 10.5 billion over five years. It said mobilisation targets may already have been achieved, with FCNR(B) deposits at USD 52.3 billion as of August 13.
Published on: August 17, 2026
Published on: August 17, 2026
The RBI’s early closure of its special FCNR(B) deposit swap window has raised concerns over policy certainty. Banks had mobilised $52.3 billion under the scheme by August 14, prompting the RBI to shut it on August 31 instead of September 30. Bankers say the move could disrupt dollar borrowings and leverage plans, while raising questions about India’s investment-policy predictability.
Published on: August 17, 2026
Finance Minister Nirmala Sitharaman said the government will soon set up a high-powered committee to chart the banking sector's role in building a "Viksit Bharat", with the panel set to draw on ideas and research emerging from two days of intensive discussions with banking sector stakeholders. Calling India's banks well placed to undertake reforms with NPAs at their lowest levels, Sitharaman said the committee's recommendations would help determine the future direction of banking and enable the government to accelerate reforms and "rev up the Indian economy" over the next two decades.
Published on: August 17, 2026
JMJ Fintech reported a 72.48% year-on-year net profit increase to ₹1.97 crore. Assets under management rose 82.11% compared to the previous financial year. The company launched a new technology-driven lending platform called Money bro. This platform aims to make borrowing faster and more convenient for customers. JMJ Fintech plans to leverage technology for accelerated expansion across India.
Published on: August 17, 2026
Bankers said some lenders now plan to borrow more short-term funds, possibly at a higher rate, to finance the promised leverage to FCNR(B) clients after the Reserve Bank of India advanced the deadline for swap support. These funds will have to be replaced with a long-term loan or bond later, leading to a temporary mismatch between banks' foreign deposits and borrowings.
Published on: August 16, 2026
