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These measures include moratorium on all repayments, starting from September 1, 2025 till December 31, 2025. The last time RBI has allowed banks to give a similar moratorium was during the pandemic in 2021.
Published on: November 14, 2025
Banks saw credit grow 11.3% and deposits rise 9.7% by October 31. This narrowed the gap between credit and deposit growth. Demand deposits increased significantly, showing banks attracted more low-cost funds. Time deposits also saw growth. This trend indicates a shift in banking sector dynamics.
Published on: November 14, 2025
Insurance business has seen significant growth following GST rate cuts. Regulators are pushing the industry to expand coverage and make policies more affordable. Focus is also on developing products for natural events and addressing uninsured vehicles. Digitisation and technology are key to reducing costs and ensuring transparency. India aims to increase insurance penetration beyond GDP ratios by covering more lives.
Published on: November 14, 2025
In a strategic financial move, Jio Leasing Services, a subsidiary of Jio Financial Services, has injected Rs 45 crore into Reliance International Leasing IFSC via a rights issue. This brings Jio Leasing's cumulative investment in this venture to an impressive Rs 166.55 crore, aimed at bolstering the operational framework of Reliance International Leasing IFSC.
Published on: November 14, 2025
State Bank of India chairman Challa Sreenivasulu Setty sees potential for more mergers among state-backed banks. This move aims to create larger institutions to support India's rapid economic growth. The government needs significant bank financing for infrastructure and industrial projects. SBI is actively expanding its market share and wealth management services.
Published on: November 14, 2025
Dabur's Burman family, now controlling Religare, is set to appoint three members to its board, pending RBI approval. This follows their successful takeover and a Rs 750 crore capital infusion commitment. The financial services firm, involved in loans, housing finance, insurance, and broking, is undergoing significant ownership and financial restructuring.
Published on: November 14, 2025
Global banks are increasingly choosing India's GIFT City for dollar-denominated debt, diverting business from established Asian financial centers. Attractive tax incentives, particularly the absence of withholding tax, enable cheaper financing. This burgeoning hub is poised to capture a larger share of Indian corporate offshore borrowing, signaling a significant shift in regional finance.
Published on: November 14, 2025
According to the proposal, there would be an upfront payment of Rs 350 crore while the accrued interest would be paid in 24 months after the initial 26 months of principal payment. Ilmi's plan also includes full repayment to operational creditors and employees amounting to Rs 2.9 crore. She has also suggested that lenders appoint a professional CEO to run the company during the proposed repayment period. The proposal recommends the appointment of five directors, including two lender nominees, and includes an indemnity agreement between the company and these directors.
Published on: November 13, 2025
As part of the memorandum of understanding (MoU), DWS, formerly Deutsche Asset Management, and Nippon will also jointly launch passive products. Both firms also aim for a global distribution arrangement to develop and distribute actively-managed mutual funds with India-focused strategies through DWS' global distribution network, the release said.
Published on: November 13, 2025
Under the agreement, both partners will commit up to Rs 3,600 crore each, with an initial investment of Rs 1,250 crore planned over the first five years. The Mahindra Group expects to deploy about Rs 250 crore a year over this period, while Manulife will contribute an equal amount. The two partners will apply for a license in 2-3 months, and operations are expected to begin within 15-18 months of regulatory approval.
Published on: November 13, 2025
J&K Bank has a new part-time chairman. The Reserve Bank of India has approved S Krishnan for the role. His term begins on November 13, 2025, and will continue until March 26, 2028. Krishnan previously served as MD & CEO of Punjab & Sind Bank. He also held the top position at Tamilnad Mercantile Bank.
Published on: November 13, 2025
Global banks face new challenges from digitalization and AI. These changes will impact business models and risk management. Credit losses are expected to rise, particularly in the Asia-Pacific region. However, strong profitability and regulations should keep these losses manageable. The banking sector is set for significant shifts.
Published on: November 13, 2025
State Bank of India plans to finish its core-banking system upgrade within two years. The bank is modernizing its technology through various strategies. This includes upgrading hardware and moving to new software. SBI is also externalizing some functions and using microservices. A private cloud is being built for scalability and security.
Published on: November 13, 2025
The Reserve Bank of India has reshuffled the Committee of Advisors for Irinjalakuda Town Co-operative Bank. This follows the earlier superseding of the bank's board due to financial and governance issues. Raju S Nair continues as Administrator. Mohanan K and Mohan T M now form the new Committee of Advisors.
Published on: November 13, 2025
Nippon Life India Asset Management is joining forces with Germany's DWS Group, a major European asset manager. DWS plans to acquire a significant minority stake in NAM India's AIF subsidiary to build a joint Alternative Investment Fund business. The collaboration also targets passive investment products and global distribution, marking a strategic expansion for both firms.
Published on: November 13, 2025
Financial Services Secretary M Nagaraju has called on microfinance institutions to keep interest rates reasonable. This move aims to boost financial inclusion and prevent a rise in stressed assets. He highlighted the importance of cost efficiency and productivity for MFIs.
Published on: November 13, 2025
Allstate India has appointed Shibu Mathew Zacharia as Vice President and Managing Director and Ankita Agrawal as head of human resources to spearhead its growth. Zacharia, with three decades of BFSI experience, will drive business growth and organizational excellence. Agrawal, with over 18 years in HR, will focus on shaping an inclusive, high-performance culture.
Published on: November 13, 2025
Mahindra & Mahindra and Manulife have agreed to form a 50:50 life insurance joint venture, pending regulatory approval. This partnership aims to enhance financial wellbeing in India by leveraging Mahindra's rural reach and Manulife's urban agency expertise. The venture will offer tailored savings and protection solutions, aspiring to be the leading life insurer for rural and semi-urban India.
Published on: November 13, 2025
Kinara Capital is negotiating a debt recast with international lenders for approximately ₹1,150 crore. The company is also finalizing a one-time settlement with domestic lenders. Kinara aims to raise about ₹200 crore from strategic investors to strengthen its capital base. The firm has stopped new lending and is focusing on collections.
Published on: November 12, 2025
Life insurers are experiencing a surge in demand for pure protection products. This follows the government's decision to remove GST on individual term insurance. Companies like HDFC Life, Axis Max Life, and SBI Life report significant growth in their protection segments. This trend is expected to continue, making term insurance more affordable and accessible for first-time buyers.
Published on: November 12, 2025
In the initial half of FY26, state-owned banks showcased impressive profitability alongside a decline in bad loan ratios. The finance ministry encouraged these institutions to attract more low-cost deposits and boost lending to MSMEs and the agriculture sector. Additionally, banks received recommendations to bolster their risk management frameworks and accelerate their digital transformation efforts.
Published on: November 12, 2025
In a recent announcement, the Mumbai Police Economic Offences Wing has concluded its investigation into the accounting discrepancies at IndusInd Bank, reporting a lack of evidence for any fund misappropriation. Consequently, no criminal charges will be filed against former high-ranking officials.
Published on: November 12, 2025
Nitesh Rai, the accused manager, allegedly, in collusion with cybercriminals, accepted illegal gratification to process account opening forms and create channels for the movement and layering of cyber crime proceeds.
Published on: November 12, 2025
Irdai is scrutinizing the discrepancy between settled health insurance claims and the actual amounts paid, as over half of ombudsman complaints stem from this sector. Chairman Ajay Seth emphasized the need for prompt, fair, and transparent claim settlements from insurers to rebuild policyholder trust.
Published on: November 12, 2025
The Reserve Bank of India's (RBI) November 2019 guidelines on the compensation of key managerial personnel direct banks to establish a clawback mechanism for variable pay to address misconduct risk and ensure compliance with all relevant statutory and regulatory requirements. The clawback clauses feature in the employment contracts of the executives concerned, allowing the bank to launch recovery of compensation in cases of proven misconduct or violations of company policy, said officials in the know.
Published on: November 11, 2025
Digipay will help improve profitability of UCBs, as it will bring down their Unified Payment Interface, or UPI, transaction costs, reducing switch charges to Rs 0.05 to Rs 0.50 per transaction from Rs 0.05 to Rs 3 currently, said chief executive of NUCFDC, Prabhat Chaturvedi. Digiloan introduces a digital loan origination system that lets UCBs process, verify, and sanction loans online.
Published on: November 11, 2025
Lenders aggressively sold bad loans in September quarter. Retail bad loan sales nearly doubled. Corporate bad loan sales also saw a significant increase. This move reflects a focus on cleaning balance sheets. The trend is expected to continue in upcoming quarters. Asset reconstruction companies are adapting to this shift.
Published on: November 11, 2025
The remainder will be for co-investments by IFC and Everstone. Singapore-headquartered Everstone Capital has funds under management of $8 billion. It invests in mid-market companies in healthcare, pharmaceutical, tech and business services, consumer, financial services, and industrial sectors.
Published on: November 11, 2025
India's life insurance market is witnessing an impressive upswing, highlighted by a 12.1% rise in new business premiums in October 2025. This recovery is largely attributed to a boost in individual policies along with a recent GST reduction.
Published on: November 11, 2025
IndusInd Bank has initiated a process to recover salary and bonuses from its former CEO Sumant Kathpalia and deputy CEO Arun Khurana after an internal review found misconduct and misreporting linked to a $230 million accounting hit from derivative trades earlier this year.
Published on: November 11, 2025
Leading Indian banks, including State Bank of India and Punjab National Bank, are collaborating on a unified strategy. They aim to enter the lucrative mergers and acquisitions financing market. Banks will also advocate for relaxed Reserve Bank of India guidelines. This move will allow them to participate in deal financing from April 2026.
Published on: November 11, 2025
Allen Forlemu, interim regional vice president, Asia Pacific at IFC, said this investment aligns with India's vision of 'Insurance for All by 2047' and will strengthen India's life insurance industry by building confidence in capital instruments, attracting institutional and foreign investments, and creating jobs across the value chain. In the FY26 budget, the government announced 100% foreign investment in the insurance sector.
Published on: November 10, 2025
October brought promising news for health insurance companies, as they enjoyed a substantial upswing in premium income, surpassing the growth of the general insurance market. This trend was largely fueled by the government’s move to exempt individual health policies from GST, making them more accessible to consumers.
Published on: November 10, 2025
Public sector banks are refining recruitment and training to emphasize local languages. This move addresses demographic disparities, particularly between northern and southern India. Finance Minister Nirmala Sitharaman highlighted the need for branch staff to speak local dialects. Banks are implementing new strategies, including longer tenures for local officers, to improve customer interaction across the nation.
Published on: November 10, 2025
A nationwide financial inclusion drive has successfully enrolled over 1.11 crore new PM Jan Dhan accounts. The campaign also saw significant uptake in insurance and pension schemes, with millions enrolling in PMSBY, PMJJBY, and APY. Organized camps across the country aimed to bring all eligible citizens under these key financial initiatives, boosting grassroots financial access.
Published on: November 10, 2025
Union Cooperation Minister Amit Shah launched Sahakar Digi Pay and Sahakar Digi Loan apps for urban cooperative banks. Digital payment adoption is crucial for their survival. The minister urged for expansion, setting a target of one additional UCB in every town with over two lakh population within five years.
Published on: November 10, 2025
IndusInd Bank MD and CEO Rajiv Anand said the bank is rebuilding its culture by hiring “high-integrity professionals” across key roles, including a new CFO, internal audit head, general counsel and chief risk officer. The overhaul aims to strengthen governance and controls as the bank targets improved performance by FY27.
Published on: November 10, 2025
A surge in bank profitability is on the horizon, fueled by robust loan growth and diminishing interest expenses. Lower Cash Reserve Ratio requirements coupled with a boost in unsecured loans are expected to contribute positively. Additionally, net interest margins are on a path to stabilization.
Published on: November 10, 2025
Authum Investment and Infrastructure, Northern Arc, DMI Housing, Kifs Housing Finance and Omkara Asset Reconstruction Company are among others in fray for the asset, said the people cited above. Authum has given an offer of Rs 750 crore, which includes Rs 450 upfront and remaining staggered over two years, while Northern Arc has offered Rs 625 crore, of which Rs 325 crore is upfront and the remaining will be paid in two years, said the people cited above.
Published on: November 9, 2025
Aadhar Housing Finance Ltd is engaged in the provision of home loans/housing finance and loans against property in India. It is also registered as a corporate agent (Composite) with the Insurance Regulatory & Development Authority of India and distributes life and general insurance products.
Published on: November 7, 2025
Chairman CS Setty said that the goal of the bank, the biggest government asset by market capitalisation, is boosting its value further. While HDFC Bank has in the past broken into the top 10 leaderboard, it might find future company in ICICI Bank and SBI. Setty was speaking to reporters on the sidelines after the completion of the 12th Banking and Economic Conclave organised by SBI.
Published on: November 7, 2025
AU Small Finance Bank has launched 'M' circle, a specialized banking proposition for women, addressing their growing focus on wealth creation, legacy preservation, and lifestyle. This exclusive offering provides benefits beyond premium accounts, including discounts on locker rentals, preferential loan rates, and access to exclusive lifestyle and healthcare services.
Published on: November 7, 2025
Revenue from operations during the second quarter of FY 2025-26 increased to Rs 13.39 crore as compared to Rs 10.59 crore in the corresponding period last year, a Y-o-Y rise of 26.5 per cent. Total income was Rs 42.62 crore against Rs 6.69 crore in the year-ago period.
Published on: November 7, 2025
K.V. Kamath of Jio Financial Services believes India is entering a "China 2005 moment," poised for significant growth driven by strong banks and reforms. He anticipates sustained 7-8% growth, with aspirations for 10%, enabling India's transition to a developed nation by 2047. Kamath highlighted the financial sector's strength and the need for banks to embrace technology strategically.
Published on: November 7, 2025
India aims to build global-scale banks. This consolidation of PSBs will create mega institutions. These banks will finance the nation's growing infrastructure, manufacturing, and technology needs. The move supports India's vision of becoming a developed economy by 2047. Stronger, larger banks are essential for sustained rapid growth and global competitiveness.
Published on: November 7, 2025
Finance Minister Nirmala Sitharaman urged public sector banks to prioritize regional language proficiency for employees, advocating for its inclusion in performance appraisals. She stressed the importance of personal connect with customers, advising banks to reduce excessive documentation and leverage local language skills for better customer service and business growth.
Published on: November 7, 2025
The Reserve Bank of India's Governor Sanjay Malhotra has clarified that relaxed external commercial borrowing limits apply only to FDI-compliant real estate projects, not speculative ventures. He also indicated that banks may soon be allowed to finance acquisitions, a move expected to benefit the real economy.
Published on: November 7, 2025
RBI Governor Sanjay Malhotra said that SBI’s turnaround from losses in 2018 to a USD 100 billion valuation reflects decade-long regulatory and structural reforms. He credited measures like IBC, PCA, AQR, and bank consolidation for strengthening India’s banking system.
Published on: November 7, 2025
Fee income for both State Bank of India and HDFC Bank rose more than 25% in the past quarter. The top state-run and private sector banks had posted a 16% and nearly 19% rise, respectively, in fee income in the three months ended December 31, the last quarter before the Reserve Bank of India (RBI) started its rate-cutting cycle.
Published on: November 6, 2025
Axis Bank is revaluing its finance arm, Axis Finance. This follows eased rules from the Reserve Bank of India. The bank now plans to sell more than 26 percent of the subsidiary. This move could lead to a valuation exceeding two billion dollars. Axis Finance is growing well and requires capital for expansion.
Published on: November 6, 2025
