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India’s credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, according to RBI data. Net card additions rose 34% year-on-year to 1.02 million, while total spending increased only 6.3% to ₹2.02 lakh crore.
Published on: June 25, 2026
The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim to deepen market participation and improve liquidity, ultimately strengthening monetary policy transmission by linking short-term and long-term interest rates.
Published on: June 25, 2026
Suryoday Small Finance Bank's board has greenlit plans to raise up to Rs 300 crore through share sales and Rs 200 crore via debt instruments. These fundraising avenues, including rights issues and QIPs, are approved for one year. The bank, with a strong capital adequacy ratio, also set July 17 as the record date for its proposed 15% dividend, signaling a proactive approach to growth and shareholder returns.
Published on: June 25, 2026
The rules will allow resident Indian non-retail users to deploy instruments such as credit default swaps and total return swaps without any restrictions on purpose, while limiting the use of these instruments by non-resident users for hedging purposes.
Published on: June 25, 2026
The Reserve Bank of India is proposing new guidelines to boost participation and liquidity in the term money market, allowing entities to set their own lending limits with board approval. Additionally, the RBI has issued draft directions to consolidate existing rules for government securities trading in the secondary market. These moves aim to enhance clarity and streamline operations for all stakeholders.
Published on: June 25, 2026
Axis Bank is poised for industry-leading growth while balancing profitability, according to MD and CEO Amitabh Chaudhry. Despite a dip in net profit for FY26, the bank expanded its market share in advances and deposits, maintaining a healthy CASA ratio. Significant investments in technology and a physical footprint expansion to over 6,000 branches are driving efficiencies and enabling a stronger Bharat Banking franchise focused on diversified rural and semi-urban opportunities.
Published on: June 25, 2026
Axis Bank is seeking shareholder approval to raise a substantial Rs 55,000 crore in FY27, comprising Rs 20,000 crore via equity and Rs 35,000 crore through debt. This move supports the bank's ongoing strategy to bolster its balance sheet by aggressively mobilizing deposits. The bank is focusing on acquiring new premium customers and deepening relationships with existing ones to drive growth and enhance customer value.
Published on: June 25, 2026
The Reserve Bank of India (RBI) has proposed allowing All India Financial Institutions (AIFIs) and housing finance companies (HFCs) to borrow in the term money market, while also increasing borrowing limits for standalone primary dealers to strengthen liquidity and market participation.
Published on: June 25, 2026
India's credit card sector has surpassed 12 crore cards, with new additions surging 33.7% year-on-year in May 2026. Despite robust cardholder growth, spending saw a modest 6.3% increase. SBI Cards led in new card issuance, while ICICI Bank and HDFC Bank also showed strong performance. This indicates a steady expansion of the cardholder base alongside moderating spending intensity.
Published on: June 25, 2026
HDFC Life Insurance reported a robust 12% year-on-year growth in total premium for FY26, with its retail protection business soaring by 43%. The insurer solidified its position among the top three, achieving a 10.8% new business market share. Profit after tax reached Rs 1,910 crore, and assets under management grew to Rs 3.75 lakh crore.
Published on: June 25, 2026
India's retail lending sector is poised for decades of growth, fueled by digital innovation, financial inclusion, and rising incomes. Housing, vehicle, and gold loans are set to expand significantly, with technology and data-driven approaches reshaping credit delivery. Experts highlight low credit penetration and rapid digital adoption as key drivers for this robust expansion, presenting compelling opportunities within the financial services landscape.
Published on: June 25, 2026
The Reserve Bank of India has updated foreign exchange exposure rules for banks. These changes simplify calculations by merging onshore and offshore positions and allow inclusion of overseas earnings. Crucially, banks can now exclude certain long-term foreign currency investments, potentially boosting trading capacity. Forex risk capital will be based on actual net open positions, with gold treated separately.
Published on: June 24, 2026
Public sector banks are developing new loan products up to ₹1 lakh for street vendors, aiming to help them build credit histories and transition to larger Mudra loans. This initiative bridges a gap in micro-credit, enabling vendors to scale their businesses. The government is also pushing for Grameen Credit Score integration to improve access to formal credit for first-time borrowers.
Published on: June 24, 2026
Indian companies are back in the double-digit growth lane! The Reserve Bank of India reports that listed private non-financial firms saw sales jump 10.1% in FY26, a significant rebound. Manufacturing led the charge with 10.8% growth, driven by autos and food, while services also posted strong gains. However, input costs are rising for manufacturers.
Published on: June 24, 2026
International payments have traditionally been slow, less transparent, and expensive. With growing expectations of better, seamless payments in India, Mastercard’s Global Head of Transfer Solutions, Pratik Khowala, is radically changing how these payments are carried out. With experience and expertise he is eliminating the pain points.
Published on: June 24, 2026
Victims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The RBI will fund 65% of this, with banks contributing the rest. Sole proprietors are now covered, and cross-border frauds are included. Reporting within five days to the cybercrime portal and bank is crucial for eligibility.
Published on: June 24, 2026
Bandhan Bank has boosted fixed deposit interest rates by up to 20 basis points, with senior citizens now earning a competitive 7.95% on select tenures. This move comes as other banks also adjust their deposit offerings, even with the RBI holding the repo rate steady. The bank aims to attract more retail deposits with these revised, attractive rates.
Published on: June 24, 2026
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
Published on: June 24, 2026
The RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to scammers and introduced a compensation mechanism for small-value frauds. Eligible victims can receive up to 85% of their losses, subject to a cap of ₹25,000. The rules take effect from January 1, 2027.
Published on: June 24, 2026
The Reserve Bank of India has boosted lending limits for top infrastructure finance firms, allowing them to extend up to 45% of their capital to connected borrowers, a significant increase from 35%. This move aims to support the crucial infrastructure sector.
Published on: June 24, 2026
Bank of India aims to raise approximately $3.5 billion through foreign currency deposits and overseas borrowings, leveraging recent RBI measures. This strategic move, including $1 billion from FCNR(B) deposits and $1.5 billion via concessional swap facilities, is expected to reduce borrowing costs by 50-60 basis points.
Published on: June 24, 2026
BHIM Payments App witnessed a remarkable surge, with transaction volumes tripling between June 2025 and May 2026, reaching 244 million monthly. In Telangana, this digital payment adoption is evident, with groceries, food outlets, and quick commerce leading merchant transactions. This growth highlights the increasing reliance on digital methods for daily expenses, with the app's multi-language support and offline capabilities fostering wider accessibility.
Published on: June 24, 2026
Indian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the company plans to reduce its exposure to property and catastrophe risks abroad. Instead, GIC Re aims to bolster its presence in casualty and specialty insurance lines, seeking a more balanced international portfolio over the next three to five years.
Published on: June 24, 2026
Banks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil. This surge in funding for green energy underscores the nation's commitment to energy transition. Experts note a growing demand for climate finance, urging banks to develop specialized underwriting for sunrise sectors like solar and green hydrogen, which are poised for significant growth.
Published on: June 24, 2026
Indian banks are bolstering cybersecurity with a four-pillar strategy against advanced AI threats. Focusing on code and identity protection, AI-driven threat detection, micro-segmentation, and zero-trust architecture, lenders aim to counter AI models that can autonomously find software flaws. Plans submitted to the RBI emphasize greater control over critical software and enhanced protection of digital keys and identities, preparing for a new era of cyber risks.
Published on: June 23, 2026
Banking system liquidity slipped into deficit for the first time in three months, falling to ₹19,971 crore on Monday from a surplus of ₹30,685 crore a day earlier, mainly due to advance tax outflows.
Published on: June 23, 2026
Foreign currency deposits are poised for a boost as the RBI removes interest rate caps on certain non-resident accounts until September. This move aims to attract overseas funds, potentially increasing their contribution to bank deposits. While household savings remain key, this diversification offers supplementary support to overall deposit growth, especially as credit expansion outpaces traditional deposit mobilization. This could ease liquidity challenges for banks.
Published on: June 23, 2026
A report by credit bureau Experian shows that gold loans have become a major driver of India’s retail credit growth, with their share in the retail loan portfolio rising from 18% in FY23 to 41% in FY26. The shift comes alongside a sharp rise in global gold prices, which have increased about 130% over the past five years.
Published on: June 23, 2026
The Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move closes a regulatory loophole allowing banks to offer lighter treatment to UPI-linked credit. Now, the nature of the credit, not the technology, dictates capital adequacy and provisioning, ensuring consistent regulation across all credit products.
Published on: June 23, 2026
The Reserve Bank of India has enhanced credit access for MSMEs by allowing financiers on TReDS platforms to secure guarantee cover for financed receivables. This move aims to reduce credit risk, boost lender participation, and improve liquidity in the receivables financing ecosystem. The revised framework also streamlines onboarding, permits insurance cover, and strengthens the legal enforceability of TReDS transactions, fostering a more robust marketplace for working capital.
Published on: June 23, 2026
Public sector banks are losing ground in the gold loan market to private lenders and NBFCs, which offer faster service and wider reach. While NBFCs are rapidly gaining market share, public banks still dominate priority sector gold loans, leveraging their extensive networks.
Published on: June 23, 2026
Bajaj Capital has appointed Jai Bajaj as its new Managing Director and CEO, marking a pivotal moment for the 60-year-old firm. The company is embracing a technology-driven approach to financial advisory, aiming to become a lifelong partner for customers. Future plans include digital initiatives for financial readiness, retirement planning, and enhanced customer experiences, reinforcing its commitment to building strong, lasting relationships.
Published on: June 23, 2026
A key creditor has withdrawn its appeal against Nirmal Lifestyle's resolution plan after the buyer, Mantra Properties, clarified a disputed mortgaged property isn't included. The National Company Law Tribunal had approved Mantra's acquisition of the debt-laden firm, which owes Rs 1,491 crore, with the plan proposing Rs 215 crore.
Published on: June 23, 2026
Kotak Mahindra Bank is actively pursuing acquisitions, including loan portfolios and alternative assets, to deploy surplus capital and fuel growth. CEO Ashok Vaswani aims for the bank to become India's third-largest private lender by profit. The bank is also investing heavily in technology and AI to enhance efficiency, expecting workforce growth to lag behind balance-sheet expansion.
Published on: June 23, 2026
The Central Bureau of Investigation (CBI) has arrested Pankaj Aggarwal, IAS on Monday who was the then Principal Secretary in Department of School Education and Agriculture, in connection with the misappropriation of government funds from the account of Haryana School Shiksha Pariyojna Parishad (HSSPP) and Haryana State Agriculture Marketing Board (HSAMB) maintained with the Sector 32, Chandigarh branch of IDFC First Bank.
Published on: June 23, 2026
RBI Governor Sanjay Malhotra urged banks to embrace digital transformation and view MSMEs as vital partners, not just compliance. Speaking at International MSME Day, he stressed investing in technology, R&D, and innovation for entrepreneurs. Malhotra highlighted the need for financial institutions to leverage digital infrastructure like Account Aggregator and ULI for efficient, data-driven credit.
Published on: June 22, 2026
Private companies have emerged as the main drivers of investment in India after the pandemic, accounting for 71.3% of project announcements between FY23 and FY26, up from 54.2% in the four years before COVID-19, according to a Bank of Baroda report citing CMIE data.
Published on: June 22, 2026
Microfinance borrowers' repayment behavior may face challenges from inflation and reduced household cash, though the West Asia conflict hasn't directly impacted the sector. El Nino's effect on rural incomes also warrants attention. While Karnataka saw collection dips after new regulations, Tamil Nadu and Bihar adapted effectively. Stricter lending guardrails have significantly improved securitised loan pool performance, reducing overdue build-up by limiting exposure to over-leveraged borrowers.
Published on: June 22, 2026
India's financial landscape is rapidly digitizing, with smartphones becoming central to everyday money management. Once separate, banking and investment activities now converge on single platforms, making financial planning more accessible. This shift, driven by convenience and proximity, empowers millions entering formal finance to make informed decisions, transforming income into resilience and savings into wealth. The smartphone is emerging as a key guide in this evolution.
Published on: June 22, 2026
Avendus Group, now majority-owned by Mizuho Securities, has appointed Karan Sharma as its new Managing Director and Head of Investment Banking. Sharma, a 15-year veteran instrumental in building the firm's digital and technology practice, will steer the business's strategic direction and growth. This transition allows co-founder Gaurav Deepak to concentrate on broader strategic priorities and client engagement for Avendus' next growth phase.
Published on: June 22, 2026
Indian banks are seeking clarity from the RBI on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some lenders, like SBI, have already launched structured products enabling this, with deposits as collateral. Bankers hope for explicit regulatory comfort to boost NRI deposits before a special RBI window closes in September, potentially offering significant leveraged yields.
Published on: June 22, 2026
The sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh — former home loans head at Kotak Mahindra Bank — set to take over. A week later, on April 20, the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.
Published on: June 21, 2026
The Reserve Bank of India has revamped the Lead Bank Scheme to boost district-level credit planning and financial inclusion. New guidelines, released on June 19, aim to enhance credit flow to priority sectors and improve access to financial services. A three-tier committee structure has been introduced to strengthen coordination between banks and government agencies, with Lead Banks now appointing dedicated managers to oversee scheme implementation across all districts.
Published on: June 21, 2026
Indian banks are becoming more cautious about lending to MSMEs as early signs of stress emerge in the sector. According to a 360 ONE Capital report citing CRIF High Mark data, MSME loan growth slowed to 12.7% year-on-year in April 2026 from around 18%-20% in previous quarters, while growth in active loans decelerated sharply to 2.5%.
Published on: June 21, 2026
State Bank of India's chairman believes the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He highlighted the success of the Yono digital platform, strengthened capital position, and the significant growth in value from its subsidiaries. SBI is also focusing on technology adoption, including AI, and sees opportunities in power, MSME, and retail lending, positioning itself for future growth despite evolving funding landscapes.
Published on: June 21, 2026
PhonePe clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI transactions. Users receiving notifications despite app usage are reminded wallet and UPI activities are tracked separately. The company assures no deductions from bank accounts or negative wallet balances, offering 15 days' notice for users to reactivate, withdraw, or close their wallets.
Published on: June 20, 2026
Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India's 1.5% fixed-rate swap incentive for external commercial borrowings, aimed at bolstering the rupee. HDFC Bank's recent successful dollar bond sale has spurred this wave of fundraising.
Published on: June 20, 2026
Digital gold providers are enhancing transparency with independent audits and vault checks, aiming to build trust as the sector serves 80 million customers. Industry bodies like DPMACI and IBJA are establishing standards for physical gold backing and regular inspections. Despite a recent import duty hike, digital gold transactions remain robust on UPI, indicating sustained investor interest in this accessible investment avenue.
Published on: June 19, 2026
South Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year tenures. This move follows the RBI's new USD/INR forex swap facility, enabling banks to secure stable foreign currency while managing exchange risks. The attractive returns offer NRIs a chance to grow their savings securely, with the RBI facility available until September 2026.
Published on: June 19, 2026
Aleta Planet, a Singapore fintech firm, is set to enter the Indian market. The company will provide infrastructure for Visa debit cards, enabling quick launches for partners. Aleta also plans to introduce exclusive Sanrio-themed Visa debit and prepaid cards. These collectable cards featuring popular characters aim to attract a wide audience.
Published on: June 19, 2026
