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India's new maritime insurance pool has received its first claim. A vessel covered by the arrangement was damaged in a drone attack. This incident marks the pool's initial test amid regional tensions. The claim is currently being assessed for payout within the pool's capacity. Government backing provides an additional layer for larger potential losses.
Published on: July 15, 2026
Jana Small Finance Bank plans to reduce unsecured loans to 22-23% of its portfolio over the next two years from 27%, with a long-term target of an 80:20 secured-unsecured mix. The lender expects its proposed partnership with the TVS Venu Group to accelerate two-wheeler financing. It also guided for up to 21% loan growth and an 80% rise in FY27 net profit.
Published on: July 15, 2026
State Bank of India has appointed Sunil Agrawal as its new Chief Financial Officer. Agrawal previously served as the Chief Financial Officer for LIC, the nation's largest life insurer. He brings twenty-seven years of extensive experience in financial services and strategic planning. His expertise includes financial planning, capital management, and regulatory engagement.
Published on: July 15, 2026
The acquisition will make Varthana Finance a wholly owned subsidiary of Home Credit India and a step-down wholly owned subsidiary of TVS Holdings after the deal closes. The move will help the group expand into a "complementary secured and longer-tenure lending segment" and strengthen its position in India's financial services sector, the company said.
Published on: July 15, 2026
HDFC Bank received RBI approval for Rajiv Kumar's appointment as part-time chairman. His three-year term as chairman will begin on July 15, 2026. This appointment follows the bank's application and an earlier intimation to the regulator. The bank thanked Keki Mistry for his service as interim chairman. Mistry will continue his role as a non-executive director on the board.
Published on: July 15, 2026
From crypto exchange to a multi-asset financial platform, Binance has completed 9 years in operation. The years of growth, driven by its global community of more than 323 million users. $156 trillion in trade volume and counting. Read on about the journey!
Published on: July 15, 2026
Go Digit Life Insurance has entered India's retirement solutions segment. The insurer is betting on growing demand for pension and annuity products. This move expands their offerings beyond protection and savings products. The company launched the Digit Life Pension Plan for customers. This plan offers guaranteed and market-linked income options.
Published on: July 15, 2026
Lending and deposit rates will likely moderate gradually in coming months. High-cost legacy deposits are maturing, and liquidity remains comfortable. Competition for retail deposits will keep rate declines measured. Fresh lending rates stood at 8.51 percent while deposit rates were 5.84 percent. Bank credit grew strongly, driven by retail and MSME lending.
Published on: July 15, 2026
Fairfax Holdings aims to secure a major stake in IDBI Bank through an improved offer. The collaboration with the government and LIC is set to yield about fifty-three thousand crore rupees from their combined stakes. This groundbreaking investment will set a new record as the largest foreign influx into an Indian bank.
Published on: July 15, 2026
In a move to bolster the banking sector, the Reserve Bank of India has unveiled new guidelines for bank board conventions, set to take effect on October 1. By adopting a principles-based strategy, these changes are designed to facilitate smoother operations for lenders, while maintaining stringent oversight on key aspects, including compliance and risk assessment.
Published on: July 14, 2026
Indian companies' external commercial borrowings proposals saw a significant jump in May. Total filings reached USD 4.74 billion, a notable increase from April's figures. Prominent firms like Indian Railway Finance Corporation and NTPC filed substantial borrowing intentions. Kisetsu Saison Finance also submitted multiple proposals for on-lending purposes. Filings for rupee-denominated bonds also occurred, with Sahrudaya Health-Care filing proposals.
Published on: July 14, 2026
Public sector banks earned higher insurance commissions in FY26, with most lenders reporting growth. Mutual fund distribution income showed mixed performance across various banks. State Bank of India led insurance commissions, with significant contributions from its subsidiary. Canara Bank and Bank of Baroda also reported insurance commission increases. However, Punjab National Bank and Union Bank of India experienced declines in some segments.
Published on: July 14, 2026
Education loan assets for NBFCs are projected to grow steadily at twenty percent this fiscal year. Diversification across study destinations offsets demand impact from US policy uncertainties. Asset quality remains robust and is expected to stay stable during this period. US-linked disbursements declined sharply, while UK and other destinations gained traction. The US share of education loan assets fell significantly as of March 31, 2026.
Published on: July 14, 2026
India's largest private banks are reducing staff numbers. This shift reflects increased automation and artificial intelligence adoption. Technology now handles routine operations, freeing human resources for customer-facing roles. Banks like HDFC and Axis Bank are redeploying talent to advisory and sales functions. This trend signals changing skill requirements across the banking industry.
Published on: July 14, 2026
Young professionals now prioritize experiences, shifting financial goals from tangible assets. Consumers globally continue to spend on travel and experiences despite economic uncertainty. Financial institutions are adapting by designing products around lifestyles and travel utility. This evolution means financial products increasingly enable experiences rather than just purchases. The future of consumer finance will be driven by enabling meaningful life experiences.
Published on: July 14, 2026
India's government is nearing acceptance of Fairfax Financial's offer for IDBI Bank. Fairfax may slightly increase its per-share bid for the Mumbai-based lender. This potential transaction represents a significant government-backed disposal of a bank stake. Final approvals are still required from the Indian cabinet and RBI.
Published on: July 14, 2026
Finance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign currency inflows are key objectives for banks. These initiatives aim to bolster forex reserves and support the Indian rupee. Banks reported significant interest from non-resident Indians across various jurisdictions. The Reserve Bank of India is actively supporting banks in deposit mobilization efforts.
Published on: July 13, 2026
The one-day disruption affected ATM uptime and cash availability across the four states, with intermittent service gaps reported as regular cash replenishment cycles were interrupted. Industry executives, however, said operations are expected to resume from Tuesday after several private sector banks agreed to renegotiate contracts and revise service fees, while discussions with other lenders continue.
Published on: July 13, 2026
HDFC Bank reduced its workforce by 3,343 employees during the last fiscal year. The bank's total balance sheet expanded by twelve percent to over forty-three trillion rupees. Employee attrition stood at twenty-three percent, while senior management roles saw an increase.
Published on: July 13, 2026
Foreign currency deposits may reduce bank reliance on certificate of deposit issuances. Strong credit growth will continue to support certificate of deposit issuances in the near term. However, FCNR (B) deposit inflows will determine certificate of deposit volumes in the second quarter. Commercial paper issuances are expected to remain strong for NBFCs and corporates. Elevated refinancing needs will sustain primary market activity for commercial papers.
Published on: July 13, 2026
Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on foreign currency deposits and are seeing significant interest. Public sector banks are employing customized digital strategies to engage the NRI diaspora effectively. International Banking Units at GIFT City are being utilized for fund mobilization from multiple jurisdictions.
Published on: July 13, 2026
EAAA Alternatives has won the rights to operate two NHAI toll road projects in Tamil Nadu for 20 years under the Toll, Operate and Transfer (TOT) programme. The 170-km Thanjavur-Trichy and Madurai-Tuticorin stretches were acquired for ₹2,259 crore.
Published on: July 13, 2026
Tata Capital's acquisition of an 88.6% stake in Kerala-based Yogloans signals growing confidence in India's fast-expanding gold loan market as lenders shift away from unsecured retail credit. The deal gives Tata Capital an established gold loan business with a ₹708 crore loan book, 162 branches and 32,000 customers, allowing it to tap a segment driven by rising gold prices, tighter regulations on unsecured lending and changing consumer attitudes towards using family gold as collateral.
Published on: July 13, 2026
Bandhan Bank has launched Cyber Cop, a nationwide cyber fraud awareness campaign under its CSR programme with filmmaker Rohit Shetty, as cybercrime losses in India remain a big threat. The initiative promotes safer digital behaviour through the "Pause. Verify. Report." message amid rising AI-enabled fraud and increasing online financial scams.
Published on: July 13, 2026
HDFC Bank executives saw salary increases in fiscal year twenty twenty-six. Deputy Managing Director Kaizad Bharucha earned seventeen point one four crore rupees. This total remuneration surpassed CEO Sashidhar Jagdishan's fifteen point one three crore rupees. Performance-linked variable pay significantly boosted their overall compensation packages. Executive Director V. Srinivasa Rangan received the largest percentage fixed pay hike.
Published on: July 13, 2026
Tata Capital’s Yogloans buyout gives it an instant gold-loan platform, adding a high-yield secured product to its retail lending portfolio. This all-cash transaction values Yogloans at up to Rs 318 crore before infusion. The deal gives Tata Capital an operating platform in secured lending products. Yogloans had assets under management of Rs 708 crore as of March 31, 2026. This acquisition provides an immediate branch network and experienced management team.
Published on: July 13, 2026
Tata Capital is entering India's gold loan market by acquiring a majority stake in Yogloans. This strategic move expands their retail lending portfolio with a secured lending product. The acquisition involves a share purchase and a significant capital infusion into the NBFC. India's gold loan market is expanding, driven by rising gold prices and credit demand. Yogloans operates across four southern states and will continue under its current leadership.
Published on: July 13, 2026
More than 15,000 ATM units are expected to come up for request for proposals (RFPs) for cash recyclers, with nearly 77% of these belonging to PSBs, according to industry executives. Punjab National Bank, Union Bank of India and Bank of India are among the lenders expected to issue recycler RFPs.
Published on: July 12, 2026
The Reserve Bank of India is exploring a new savings product for education. Banks are discussing this proposal and will submit their recommendations soon. Rising education costs necessitate such dedicated financial planning tools. This initiative aims to help families build a corpus for school expenses. The proposed product may require new regulatory dispensations from the RBI.
Published on: July 12, 2026
Indian Bank aims for Rs 5,500 crore bad loan recovery this financial year. The bank has already collected USD 140 million in foreign currency deposits. It plans to raise USD 2 billion in FCNR(B) deposits by September. Current Account and Savings Account deposits saw robust growth of 15.3 percent. Indian Bank revived seventeen lakh inoperative accounts in the June quarter.
Published on: July 12, 2026
Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposits from overseas Indians. The Reserve Bank of India removed interest rate ceilings on certain deposits. This move aims to boost inflows and encourage external commercial borrowings. Banks will also discuss increasing credit flow to productive economic sectors.
Published on: July 12, 2026
HDFC Bank is shifting backend employees to customer roles. Technology efficiencies are enabling this strategic talent redeployment. The bank is accelerating investments in artificial intelligence and dispute resolution. Cybersecurity defenses are strengthened against evolving digital threats. HDFC Bank's in-house AI model, Neev, supports these initiatives.
Published on: July 11, 2026
Atanu Chakraborty's earnings rose to Rs 1.07 crore in FY26, as per HDFC Bank disclosures. He resigned as chairman citing ethical concerns, which raised governance questions. The bank appointed external law firms to review Chakraborty's statement. These firms found no substantiation for his claims after reviewing records. Chakraborty attended all board meetings until his resignation on March 18, 2026.
Published on: July 11, 2026
HDFC Bank MD Sashidhar Jagdishan addressed chairman Atanu Chakraborty's resignation and governance questions. External law firms reviewed Chakraborty's statement, finding it unsubstantiated by records and interviews. The bank welcomed new chairman Rajiv Kumar, noting his financial sector reform experience. Jagdishan assured shareholders of the bank's commitment to strong corporate governance standards. HDFC Bank continued its upward performance with increased advances and profitability.
Published on: July 11, 2026
HDFC Bank is shifting employees to customer-facing roles, leveraging technology for efficiency gains. The bank is accelerating AI investments to improve customer communication and tackle fraud. Cybersecurity defenses have been strengthened against evolving digital threats. HDFC Bank's in-house AI model, Neev, supports these security and operational enhancements. Governance issues were addressed following a chairman's resignation and subsequent investigation.
Published on: July 11, 2026
Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise additional capital. The bank's net profit rose ten percent year-on-year in the fiscal first quarter. Gross advances and deposits also saw significant year-on-year growth.
Published on: July 10, 2026
Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank's retail portfolio in India. This move aims to enhance scale and customer reach for the bank. Kotak Mahindra Bank will also tap into India's economic expansion opportunities. A strong balance sheet and leadership talent support future growth strategies.
Published on: July 10, 2026
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate entities are increasingly favoring banks over debt markets for funding. The gap between credit and deposit growth widened to 570 basis points.
Published on: July 10, 2026
Finance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign currency deposits from NRIs. RBI withdrew interest rate ceilings on certain foreign currency deposits until September 30. Concessional forex swap facilities are offered to banks for FCNR(B) deposits. This initiative aims to boost foreign currency inflows and credit flow to productive sectors.
Published on: July 10, 2026
India's life insurance sector began FY27 with robust new business premiums, growing 16.6 percent. Private insurers significantly outpaced the market, increasing their share to nearly forty percent. This growth stemmed from steady retail product demand and a recovery in group business. Monthly premiums also saw a thirteen percent rise in June, reversing last year's contraction.
Published on: July 10, 2026
Policybazaar has appointed veteran actor Amitabh Bachchan as its brand ambassador. This move initiates a significant movement for health and term insurance awareness nationwide. The initiative aligns with IRDAI's vision of providing insurance for all Indians by 2047. Bachchan's established image of trust will encourage families to prioritize financial protection. This campaign aims to secure the future of over 140 crore Indians.
Published on: July 10, 2026
Cyber fraud complaints and losses are increasing significantly in India's digital payment system. The Reserve Bank of India has proposed new safeguards to address these growing concerns. A one-hour lag on large transactions aims to reduce financial losses from fraud. Additional authentication for vulnerable users and scrutiny of mule accounts are also suggested. Customer-induced controls and a kill switch offer users more transaction management capabilities.
Published on: July 10, 2026
DBS Bank, HSBC, Standard Chartered and MUFG are among the banks which have lined up to provide this loan. ET could not ascertain the names of all lenders. "The loan has been launched with half a dozen banks already lining up for the first underwriting.
Published on: July 9, 2026
India's private credit sector could reach USD 100 billion by 2050. This expansion is driven by a maturing ecosystem and growing domestic capital pools. Family offices and UHNIs are increasingly seeking alternative asset classes. Regulators are adopting a calibrated approach to market evolution and reforms.
Published on: July 9, 2026
India's digital payment landscape is rapidly evolving, prompting policy discussions. Experts convened to address emerging challenges and necessary institutional frameworks. Discussions focused on balancing innovation with trust and consumer protection. Safeguarding against digital fraud and enhancing cybersecurity were key concerns. The conclave aimed to shape a secure and inclusive digital payments ecosystem.
Published on: July 9, 2026
Bank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond markets and overseas borrowings for funding. The Reserve Bank of India's policy measures make external funding more attractive for businesses. This shift will reduce reliance on traditional bank loans for corporate financing needs. Overall credit demand remains healthy, but banks will finance a smaller share.
Published on: July 9, 2026
The Indian private credit market is rapidly becoming a mainstream asset class. This market is expanding at a robust thirty percent compound annual growth rate. It offers customized capital and strategic mentorship to growing companies. Traditional banks and alternative debt funds will complement each other under new frameworks. The market is projected to safely scale past thirty billion dollars by 2030.
Published on: July 9, 2026
DBS Bank India reported a significant 49% net profit increase. Advances grew fifteen percent while expenses and provisions saw a decrease. Total income fell seven percent to Rs 10,591 crore for the year. Gross NPAs dropped to 1.34 percent, reflecting improved asset quality. The bank's capital adequacy stood at 19.7 percent.
Published on: July 9, 2026
Italian bank loans to companies increased at their fastest pace since September 2022. Deposits held by residents at Italian banks grew annually, showing a slight decrease from April. Bond fundraising also saw a yearly increase, though it was down from the previous month. These figures reflect the financial activities of Italian banks during the specified period. The data provides insight into recent lending and deposit trends within Italy.
Published on: July 9, 2026
State Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of India subsidies. Depositors can leverage funds, earning more than their borrowing costs. Banks are expanding outreach to India's large diaspora globally. This initiative echoes a similar plan from 2013.
Published on: July 9, 2026
