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Yes Bank's succession plans will be clearer after SMBC's stake purchase. Prashant Kumar's tenure got a six-month extension. SMBC applied to RBI and CCI for approvals. The deal finalization awaits these approvals. Kumar anticipates a challenging September quarter for the banking sector due to sluggish credit growth and the impact of repo rate cuts.
Published on: July 23, 2025
Banks rushed to borrow from the RBI's VRR auction as overnight money market rates exceeded the policy repo rate. This spike, driven by GST outflows and previous VRRR actions, led to banks utilizing the MSF. While the VRR auction provided some relief, overnight rates remained elevated above the SDF rate, highlighting liquidity pressures.
Published on: July 23, 2025
IndusInd Bank's board has approved raising up to Rs 30,000 crore through equity and debt instruments. The RBI has allowed the Hinduja Group, the bank's promoter, to nominate two directors to the board. This decision follows a period of crisis for the bank, marked by accounting anomalies and a CEO exit.
Published on: July 23, 2025
Irdai introduced new guidelines for insurance companies. Insurers must appoint an internal ombudsman. This ombudsman will handle claim-related complaints. The claim amount can be up to Rupees 50 lakh. This move aims to improve grievance handling. It also seeks to boost consumer confidence in the insurance sector. The draft guidelines are open for public comment until August 17.
Published on: July 23, 2025
Angel One is set to invest ₹400 crore in a life insurance venture with Singapore's Livwell Holding, aiming to create a 'digital-first' insurer. Angel One will hold a 26% stake, while Livwell will hold 74%. The venture seeks to address India's underinsured market with accessible and transparent digital insurance solutions, led by industry veterans.
Published on: July 23, 2025
SBI Chairman C.S. Setty hailed the successful Rs 25,000-crore QIP as a testament to the bank's strength and India's economic potential. The raised capital will fuel asset growth, boosting the bank's CET-1 capital to 11.5%, with a target of 12%. Moody's affirmed SBI's Baa3 rating, anticipating 12% credit growth in FY26, supported by its strong retail franchise and capital improvements.
Published on: July 23, 2025
IndusInd Bank aims to raise up to $3.47 billion through debt and securities to recover from a $230 million accounting lapse that led to executive resignations. The Hinduja family, with a 15.82% stake, can now nominate two board directors after central bank approval. The bank is also searching for a new CEO, with first-quarter results due on July 28.
Published on: July 23, 2025
The Reserve Bank of India (RBI) has revoked the license of The Karwar Urban Co-operative Bank due to insufficient capital and poor earning potential, effective July 23, 2025. Consequently, the bank will cease operations, and the Registrar of Cooperative Societies in Karnataka will initiate liquidation. Depositors will receive insurance claims up to Rs 5 lakh from DICGC, with 92.
Published on: July 23, 2025
PNB Housing Finance aims to increase its high-yielding affordable and emerging market home loan portfolio to 50% by FY27 to improve margins. Currently, these segments constitute 37% of the loan asset portfolio. The lender is strategically shifting focus from prime segments by reclassifying branches and slowing down lending to luxurious housing units.
Published on: July 23, 2025
Kotak Mahindra Bank has introduced 'Solitaire,' a program targeting the underserved affluent segment with relationship values between Rs 75 lakh and Rs 8 crore. This invite-only offering includes dedicated credit cards, specially designed loans, and access to group company products. The bank aims to expand its 4% market share in this segment, leveraging pre-approved credit lines and family benefits.
Published on: July 23, 2025
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
