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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
Insurtech funding in India is poised to surpass $1 billion in the next year, following a period of moderated investment. A recent report highlights a decline in insurance penetration below 4%, driven by reduced life insurance uptake, signaling a significant protection gap. Regulatory initiatives like NHCX and Bima Sugam are expected to foster digital innovation in the sector.
Published on: July 17, 2025
Taipei Fubon Bank and CTBC Bank from Taiwan are preparing to establish branches in India, specifically within Gujarat's GIFT City. This initiative, announced by the Republic of China (Taiwan) in India, aims to bolster cross-border trade and financial connections between the two nations, signaling India's welcoming stance towards Taiwanese investment.
Published on: July 17, 2025
To enhance transparency and prevent misuse, the National Housing Bank (NHB) has disclosed its refinance beneficiaries after fraud allegations against Aviom India Housing Finance. NHB aims to stop entities from misusing its name to secure loans. The regulator has also reformed its disbursal process for equitable fund distribution across the housing finance sector.
Published on: July 16, 2025
Sashidhar Jagdishan of HDFC Bank became India's highest-paid banker. His salary exceeded ₹12 crore. Other top bankers like Amitabh Chaudhry, Ashok Vaswani, V Vaidyanathan also earned significant amounts. They received compensation through salary and stock options. RBI closely monitors CEO remuneration. Compensation saw modest increases. Sandeep Bakhshi's FY25 details are awaited.
Published on: July 16, 2025
India's non-life insurance sector saw growth. Premiums rose by 5.2% in June 2025. This is according to CareEdge Ratings. Health insurance growth slowed. Passenger vehicle segment growth was also muted. Non-life premiums crossed Rs 3-lakh crore in FY25. This was due to regulations and digitalisation. Bima Trinity may boost growth. Motor insurance will depend on vehicle sales.
Published on: July 16, 2025
Indian Overseas Bank has reduced its Marginal Cost of Funds-based Lending Rates. The reduction is by 10 basis points across all tenors. The revised rates are effective immediately. The bank's Asset Liability Management Committee made the decision on July 14. The new overnight MCLR is 8.15 percent. This revision will benefit borrowers with loans linked to MCLR.
Published on: July 16, 2025
Amara Partners, founded by Parag Shah, is nearing the close of its debut ₹800 crore fund, with Anand Mahindra as a key investor. The fund has already secured ₹650 crore domestically and aims to attract multinational executives.
Published on: July 16, 2025
Fitch Ratings predicts that the Reserve Bank of India's (RBI) liquidity measures will help transmit a 100 bps rate cut in 2025. The RBI has injected significant funds into the banking system. This action has eased funding conditions. Surplus liquidity and falling deposit costs are expected. The Cash Reserve Ratio (CRR) cut will further boost liquidity.
Published on: July 16, 2025
Sumitomo Mitsui Banking Corp (SMBC) has applied to the RBI to acquire up to a 25% stake in Yes Bank, exceeding the 20% outlined in their initial agreement in May. This application allows SMBC the flexibility to increase its ownership by acquiring shares from other investors, pending regulatory approval. News outlets reported SMBC's interest in an additional investment of $1.
Published on: July 15, 2025
India's insurance regulator, IRDAI, is proposing to double investment limits for insurers in REITs and InvITs, aiming to channel more long-term capital into infrastructure and real estate. The regulator is also considering allowing insurers to invest in gold ETFs under ULIPs, with a cap of 5% of a segregated fund's assets.
Published on: July 15, 2025
Despite market gains in June, fund managers adopted a cautious approach, selectively investing in financial institutions like L&T Finance and AU Small Finance Bank. They also showed interest in domestic pharma companies such as Laurus Labs and Divi’s Laboratories. Furthermore, AMCs actively invested in companies like Asian Paints and Infosys, indicating measured optimism across diverse sectors.
Published on: July 15, 2025
The government will decide on increasing foreign investment in public sector banks after the Reserve Bank of India reviews voting rights. Current rules limit foreign investment to 20%. The RBI is reviewing shareholding limits for private banks too. India allows 74% foreign investment in private banks. The government hopes for a strategic sale in IDBI Bank by October.
Published on: July 15, 2025
The State Bank of India has filed a review petition against the Supreme Court’s May 15 ruling, which held that secured creditors cannot claim priority over properties attached under Maharashtra’s MPID Act. SBI argues the judgment undermines secured lending, violates constitutional principles, and conflicts with central laws like IBC and SARFAESI, potentially weakening India’s credit and NPA resolution frameworks.
Published on: July 15, 2025
Asset quality stress in the NBFC-MFI sector surged in FY2025 due to borrower overleveraging, sociopolitical disruptions, and operational challenges, according to ICRA. The sector’s AUM declined by 12%, and overall stress rose to 15.3% from 5.9% a year earlier. ICRA maintains a negative outlook but expects 10–15% growth in FY2026, aided by relaxed RBI norms on qualifying assets.
Published on: July 15, 2025
Irdai has established panels of whole-time members to investigate regulatory breaches by insurers and intermediaries, addressing concerns like data leaks and policy mis-selling. Approvals were granted for Kiwi General Insurance's initial application and 'Rural, Social Sector and Motor Third Party obligations' for fiscal years 2025-26 and 2026-27.
Published on: July 15, 2025
Tesla's entry into the Indian market has spurred insurance companies to offer specialized EV coverage. Liberty General Insurance and ACKO have been selected as insurance partners, providing tailored protection plans for Tesla owners. Zurich Kotak General Insurance has also launched 'EV Protect,' a comprehensive add-on cover for electric vehicles, including Tesla, ensuring peace of mind for EV owners.
Published on: July 15, 2025
ICICI Prudential Life Insurance anticipates a resurgence in single premium product demand as fixed deposit rates soften, enhancing the appeal of insurance-linked investments. While the company's APE declined due to falling annuity sales, protection plans and non-linked savings products showed strong growth. They remain optimistic about ULIP recovery and are banking on product diversification for future growth.
Published on: July 15, 2025
A Kolkata organisation has requested West Bengal Chief Minister Mamata Banerjee's intervention. The request concerns the State Bank of India's plan. SBI intends to move its Global Market Unit from Kolkata to Mumbai. The organisation fears job losses and revenue decline. They claim the move violates a past agreement. They want the CM to stop the relocation.
Published on: July 15, 2025
State Bank of India (SBI) is seeking senior creditor status from the National Highway Authority of India (NHAI) for its investments in National Highways Infra Trust (NHIT). SBI aims to gain priority in repayments if NHIT faces default or liquidation, addressing concerns about the lack of creditor protection under current InvIT regulations.
Published on: July 15, 2025
Sumitomo Mitsui Financial Group is contemplating an additional $1.1 billion investment in Yes Bank, potentially increasing its stake to 25%. This follows a previous $1.6 billion investment made in May. The move involves acquiring shares from Carlyle Group and purchasing convertible bonds, signaling SMFG's confidence in Yes Bank's turnaround after its 2020 rescue.
Published on: July 15, 2025
Despite policy rate cuts by the Reserve Bank of India, several microfinance institutions (MFIs) in India have increased their lending rates, diverging from other financial institutions. This decision comes amid concerns from the central bank and government regarding high interest rates for low-income borrowers.
Published on: July 14, 2025
The Insurance Regulatory and Development Authority of India has established a committee. This is to assess license applications from two general insurers. The move follows a four-month vacancy in the chairman's position. The panel will evaluate proposals from M Pallonji Group and Kiwi General Insurance. The committee includes members from life, non-life, and actuary departments.
Published on: July 14, 2025
HDFC Bank aims to outpace industry growth in advances by FY27, having already secured a 14.6% share of incremental deposits in FY25. The bank's strategy includes leveraging GenAI for innovation and expanding its branch network, particularly in semi-urban and rural areas, after a successful merger with HDFC.
Published on: July 14, 2025
IFCI has requested government approval for consolidating its group entities, including its broking business, aiming to remain a Non-Banking Financial Company (NBFC). The proposed consolidation involves merging several entities like StockHolding Corporation into IFCI Limited in the first phase. The second phase focuses on consolidating other financial services subsidiaries into a single entity under IFCI Limited.
Published on: July 14, 2025
HDFC Bank aims to match industry growth in advances this fiscal year. Sashidhar Jagdishan highlights strong FY25 results post-merger. Net profit rose 10.7 percent. Advances grew 5.4 percent, while deposits surged 14.1 percent. The bank reduced its credit-to-deposit ratio to 96 percent. High-cost borrowings are down to 14 percent. The bank anticipates faster growth and is enhancing cybersecurity measures.
Published on: July 14, 2025
Bhanu Vohra, Citigroup's India head of commercial banking, is departing after 24 years with the company. Vohra, who led the team providing global banking solutions to Indian mid-sized firms, has resigned and is currently on gardening leave, exploring new career paths. Citigroup will soon announce Vohra's successor.
Published on: July 14, 2025
Karnataka Bank has named Raghavendra Srinivas Bhat as the interim Managing Director and CEO. This follows the resignation of Srikrishnan Hari Hara Sarma, who stepped down citing personal reasons. Bhat, previously the Chief Operating Officer, will hold the position for three months. Sarma's departure had earlier impacted the bank's stock performance.
Published on: July 14, 2025
Public sector banks in India are actively lending to Micro, Small, and Medium Enterprises. This lending focuses on new and lower-rated businesses. Government guarantee schemes facilitate this. Data from the Reserve Bank of India shows a decrease in subprime borrowers. Private banks focus on super-prime borrowers. Government schemes like CGFMU and ECLGS support MSME lending.
Published on: July 13, 2025
