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Indian Bank's board has approved raising Rs 5,000 crore this fiscal year, though immediate fundraising isn't anticipated due to a strong 17.80% capital adequacy ratio. The bank is developing 'IND-UPI,' its own UPI application, to save approximately Rs 150 crore annually in transaction fees.
Published on: July 27, 2025
Savings deposit rates in some public sector banks are at a historic low since deregulation in 2011, according to the RBI. While small savings schemes remain unchanged, banks have adjusted lending rates downward following repo rate cuts. Consequently, lending and deposit rates have declined, with public sector banks showing a greater decrease in lending rates compared to private sector banks.
Published on: July 27, 2025
Poonawalla Fincorp aims for over 40% AUM growth, fueled by new product lines like gold loans, after a robust 53% growth in Q1FY26. The company will expand its gold loan business to 400 branches by year-end and diversify its offerings. A Rs 1,500 crore equity infusion will bolster the company's capital base and support future expansion.
Published on: July 27, 2025
Kotak Mahindra Bank's consolidated net profit remained almost flat at ₹4,472 crore in the June quarter, impacted by increased provisions primarily related to microfinance. The bank experienced a rise in credit costs and a contraction in net interest margins to 4.65%. Asset quality also saw a slight deterioration, with the gross non-performing asset ratio increasing to 1.48%.
Published on: July 26, 2025
The Reserve Bank of India has extended the oversight committee's tenure at IndusInd Bank until August 28, 2025, or until a new MD & CEO is appointed, following Sumant Kathpalia's resignation due to accounting lapses. These lapses in the derivatives portfolio had a financial impact of Rs 1,960 crore.
Published on: July 26, 2025
Several Indian banks have approached the Reserve Bank of India, requesting authorization to utilize third-party litigation funding for recovering debts from international organizations. Currently, Indian law lacks provisions enabling banks to use litigation funding for debt recovery. Banks believe this approach could improve initial recovery rates compared to selling assets to recovery firms at significantly reduced prices.
Published on: July 26, 2025
RBI Governor Sanjay Malhotra expressed concerns about granting banking licenses to conglomerates due to potential conflicts of interest involving depositors' funds. He emphasized that ensuring price stability remains the central bank's primary goal. Malhotra clarified that there are no current proposals to allow corporate entities to obtain banking licenses, whether through NBFCs or as individual companies.
Published on: July 26, 2025
"We have been witnessing record activity among brokers and other distribution intermediaries," said Satyajit Tripathy, member (distribution), IRDAI, at an Insurance Brokers Association of India event. "While this is fine by all means, I must add a word of caution that with increased growth being seen, we need not be adopting what we call as sharp practices to increase valuation, get listed, and to do business in a way, which may in the long run prove detrimental to the whole ecosystem."
Published on: July 25, 2025
Bank credit expansion slowed in July despite RBI's rate cuts, growing at 9.8%, lower than the previous year and deposit growth. Retail loan growth has been particularly affected since November 2023 due to regulatory restrictions. A recent HSBC report attributes the slowdown to the real sector's challenges, impacting investment and personal loan demand.
Published on: July 25, 2025
Zubin Mody, IndusInd Bank's Chief Human Resources Officer, has resigned after two decades with the company. His resignation, submitted on July 25, 2025, will be effective from October 24, 2025. Mody expressed his desire to pursue new opportunities and thanked the board, colleagues, and stakeholders for their support, assuring a smooth transition.
Published on: July 25, 2025
The Enforcement Directorate (ED) has filed a chargesheet against former UCO Bank CMD Subodh Kumar Goel, his family, and associates in connection with a Rs 6,200 crore loan fraud case involving Concast Steel & Power Ltd. Goel's properties worth Rs 106 crore have been attached, and he is accused of receiving illegal gratifications for sanctioning loans that later became NPAs.
Published on: July 25, 2025
RBI data reveals a surge in liquid demand deposits and currency with the public, indicating increased liquidity in the banking system and real economy. This rise is attributed to policy measures like liquidity easing, a pickup in rural activity, and higher disposable incomes from tax benefits.
Published on: July 24, 2025
Sanjay Nambiar, Yes Bank's Group General Counsel, has resigned after a 15-year tenure, amidst an ongoing Enforcement Directorate investigation into loan fraud involving Anil Ambani's firms. Nambiar asserts his resignation, effective July 21, 2025, is unrelated to the probe. The ED is currently conducting raids on multiple premises linked to Reliance ADAG as part of its money laundering investigation.
Published on: July 24, 2025
The India-UK free trade agreement, officially CETA, signed in London, aims to boost Indian financial services in Britain and attract UK investment to India. It ensures fair treatment for Indian firms, promoting transparency and non-discrimination. The agreement is expected to enhance electronic payments, FinTech, and market integration, benefiting customers and the broader economy while maintaining financial stability.
Published on: July 24, 2025
A recent report forecasts a rise in credit costs and gross non-performing assets for affordable housing finance companies due to weaker borrower profiles, particularly among the self-employed. While policy initiatives may offer some support, asset under management growth is expected to slow down. Conversely, prime HFCs are projected to experience increased AUM growth and a decrease in gross NPA.
Published on: July 24, 2025
Indian banks will likely be cautious at the Reserve Bank of India's reverse repo auction. A recent cash crunch forced banks to borrow overnight at high rates. Banks had earlier parked Rupees Two Lakh Crore at the seven-day variable rate reverse repo auction. Now, lenders may re-evaluate parking funds in the seven-day VRRR.
Published on: July 24, 2025
IRDAI has proposed a framework mandating an internal insurance ombudsman scheme for insurance companies to address claim-related complaints up to Rs 50 lakh. This independent review mechanism aims to improve grievance handling and boost consumer confidence. Applicable to insurers with over three years of operation, the ombudsman will report directly to the board.
Published on: July 24, 2025
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
