Hotline 24/7
+91 70424 11677
No Post's Available Uploading Soon ...
For the Salem-Ulundurpet toll road, NARCL has offered ₹280 crore against total debt of about ₹600 crore. The bid for Jaypee Cement stands at ₹270 crore against outstanding debt of ₹2,200 crore. Dalmia Bharat had earlier shown interest in acquiring Jaypee's cement assets.
Published on: August 5, 2025
Rajiv Anand is the new MD and CEO of IndusInd Bank. He faces challenges like reshaping the business and building a new leadership team. The bank's low-cost deposits have decreased. Asset quality has also weakened. Anand aims to balance work with his interests.
Published on: August 5, 2025
The government has directed public sector banks to create a unified digital portal to streamline startup loan applications, sanctions, and information-sharing. Expected by October, the proposed startup hub portal will feature a single application form accessible to all PSBs.
Published on: August 5, 2025
India Ratings and Research anticipates a slight moderation in banks' profitability for the current fiscal year. This is attributed to increased loan loss provisions and shrinking net interest margins due to rate cuts. Credit growth is projected to reach 13% in FY26, though higher tariffs could pose a risk.
Published on: August 5, 2025
RuPay has joined forces with BookMyShow to elevate the live entertainment experience for cardholders. This partnership unlocks exclusive perks such as early ticket access and reserved zones at major events like Sunburn 2025 and Lollapalooza India 2026. Additionally, users can enjoy tempting food offers while seamlessly navigating BookMyShow's digital platforms.
Published on: August 5, 2025
ICICI Bank’s head of treasury, B. Prasanna, is set to move to ICICI Securities as head of corporate finance and investment banking, according to sources. Shailendra Jhingan, currently heading ICICI Securities Primary Dealership, will replace Prasanna. Anubhuti Sanghai will take over Jhingan’s role. The bank confirmed Prasanna’s internal transfer but did not disclose further details.
Published on: August 5, 2025
Kotak Mahindra Bank refuted reports of a Noida man's deceased mother's account showing a balance of Rs 1 septillion trillion. The bank urged customers to verify their account details via their app or internet banking, assuring that their systems are functioning normally.
Published on: August 5, 2025
IndusInd Bank promoter Ashok Hinduja has extended full support to newly appointed CEO Rajiv Anand, who will assume charge on August 25. Anand’s appointment follows leadership exits and financial setbacks, including a ₹2,329 crore loss in Q4. Hinduja praised the RBI for its swift approval. The bank expects Anand to unveil a long-term strategy as it moves past past issues.
Published on: August 5, 2025
HDFC Bank has warned customers about rising APK frauds, where scammers impersonate officials and trick victims into installing malicious apps via fake links. Once installed, fraudsters gain full access to the phone, enabling them to steal sensitive data and carry out unauthorised transactions. The bank urged users to avoid third-party apps, verify sources, and report incidents on official cybercrime platforms.
Published on: August 5, 2025
As of June 2025, banks have sanctioned over Rs 4,930 crore to 34,697 loan accounts under the 'Tarun Plus' category of Mudra Yojana. Introduced in 2024-25, 'Tarun Plus' provides collateral-free loans up to Rs 20 lakh to successful Mudra loan recipients. The Pradhan Mantri Jan Dhan Yojana, launched in 2014, continues to promote financial inclusion through various initiatives.
Published on: August 5, 2025
Jio Financial Services aims to revolutionize financial services by integrating advanced technologies like Agentic AI, enhancing customer experience and accessibility. Chairman K V Kamath emphasizes leveraging technology for personalized advice and fraud detection while prioritizing data security. Director Isha M Ambani highlights the company's commitment to sustainable growth and delivering value to stakeholders, marking their first dividend payout.
Published on: August 5, 2025
IndusInd Bank appoints Rajiv Anand as MD & CEO amidst a crisis following a significant accounting lapse. Anand's appointment, approved by the RBI, aims to stabilize the bank and restore investor confidence after the revelation of overstated financials led to a stock drop. With 35 years of experience, Anand is expected to strengthen internal checks and steer long-term growth.
Published on: August 5, 2025
Bank of Baroda has introduced bob FxOne, a digital foreign exchange platform tailored for corporate and MSME clients. This platform streamlines forex and derivative transactions with real-time rates and instant confirmations. It offers a user-friendly interface, eliminating the need for manual intervention and providing greater control and efficiency in treasury operations.
Published on: August 5, 2025
In their discussions with the Reserve Bank of India (RBI), non-banking financial companies have requested LAPs be not treated on a par with unsecured loans when assigning risk weights. They have urged the RBI to reduce the current cap of 125% and align more closely with home loans, which attract risk weights in the range of 35% to 50%.
Published on: August 4, 2025
Fraudsters are exploiting Aadhaar-linked processes in the insurance sector by manipulating data and forging documents to file bogus claims across motor, health, and life insurance. Investigations reveal coordinated efforts involving fake identities, altered addresses, and exploitation of vulnerable individuals. Insurers and the IIB are enhancing fraud detection measures to combat these evolving tactics.
Published on: August 4, 2025
The Reserve Bank of India has approved Rajiv Anand's appointment as MD & CEO of IndusInd Bank, effective August 25, for a three-year term. Anand, formerly Deputy Managing Director at Axis Bank, brings over 35 years of financial services experience. His appointment follows Sumant Khatpalia's exit due to an accounting discrepancy.
Published on: August 4, 2025
IndusInd Bank announced on Monday the approval of Rajiv Anand's appointment as the chief executive officer. Anand's tenure will span three years, commencing on August 25, 2025, and concluding on August 24, 2028. This decision signifies a key leadership transition for the bank, setting the stage for its future direction.
Published on: August 4, 2025
PNB Housing Finance is considering internal and external candidates to succeed Girish Kousgi as MD and CEO. Jatul Anand has been appointed as the executive director and will be in charge temporarily. Valli Sekar is now the chief business officer overseeing affordable housing. Following Kousgi's resignation, the company's share price has declined significantly.
Published on: August 4, 2025
The FSIB has recommended 11 chief general managers for executive director positions in various public sector banks for the financial year 2025-26. These recommendations followed interviews with 80 candidates conducted between July 19 and August 4, 2025. The final decision on these appointments rests with the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi.
Published on: August 4, 2025
The Delhi High Court has denied bail to Kapil Wadhawan, former chairman of DHFL, in connection with a Rs 34,615-crore bank loan fraud case. The court cited the seriousness of the allegations, Wadhawan's central role in the conspiracy, the risk of witness tampering, and the magnitude of the funds siphoned off as reasons for the denial.
Published on: August 4, 2025
Irdai has levied a Rs 5 crore penalty on Policybazaar Insurance Brokers, formerly Policybazaar Web Aggregator, due to identified violations of insurance regulations. The regulator issued directions, advisories, and cautions to the company following the findings. This action comes despite Policybazaar's success in selling over 42 million policies since its establishment in 2008.
Published on: August 4, 2025
Generali Group and Central Bank of India have unveiled a new brand identity, Generali Central, for their life and general insurance joint venture. This rebranding signifies the partnership's commitment to safeguarding customers' families, health, assets, and future. Central Bank of India acquired stakes in both the life and general insurance firms earlier this year, solidifying the collaboration.
Published on: August 4, 2025
Niva Bupa aims for high single-digit premium hikes to counter medical inflation and portfolio aging, with a 7% increase already implemented on one product in Q1. Despite a rising loss ratio and expense ratio near the regulatory limit, the company targets 5-10% faster retail growth than the industry.
Published on: August 4, 2025
Economists widely anticipate the Reserve Bank of India (RBI) to maintain policy rates this week, amidst concerns over the economic impact of US tariffs and ongoing trade negotiations. While most expect a status quo, some predict a rate cut, citing low retail inflation. The RBI is expected to hold the growth forecast at 6.
Published on: August 4, 2025
Indian banks are facing challenges. CASA ratios of top lenders have decreased. This decline affects their net interest margins. HDFC Bank and IndusInd Bank experienced significant drops. Kotak Mahindra Bank saw the sharpest fall. Banks are now relying on costlier funding sources. Some banks are cutting savings account interest rates. This shift impacts core profitability for Indian banks.
Published on: August 4, 2025
Nippon Life India Asset Management Ltd. expands financial inclusion by opening a branch in Leh, becoming the first asset management company with a physical presence in the high-altitude region.
Published on: August 3, 2025
Punjab National Bank is setting its sights on an ambitious Rs 30 lakh crore in total business by the fiscal year's end. With a noteworthy 11.6 per cent growth in total business reported for Q1, the bank is optimistic about achieving its goals, MD Chandra said.
Published on: August 3, 2025
Federal Bank's first-quarter net profit declined 15% to Rs 862 crore due to increased provisions for agriculture and microfinance slippages. While asset quality improved year-on-year, provisions rose to Rs 400 crore. The bank anticipates NIM to bottom out in the second quarter, aiming for stronger retail momentum and overall advance growth in the fiscal year.
Published on: August 2, 2025
LIC Housing Finance is strategically shifting its focus from individual home loans to higher-yielding loan segments to enhance margins amidst a softening interest rate environment. The company aims to reduce the share of individual home loans in its portfolio from 85% to 70% within two years.
Published on: August 2, 2025
An SBI report indicates that bank credit growth is expected to remain subdued as corporations increasingly turn to alternative funding sources due to the current low-interest rate environment. This trend is evident in the declining share of bank credit in total resource flow, projected to fall to 22% by Q2 FY26. While overall credit growth stands at 9.
Published on: August 2, 2025
The Indian government anticipates inviting financial bids for IDBI Bank's strategic sale in the third quarter of FY26, aiming to finalize the winning bidder by fiscal year-end. Due diligence is complete, and consultations with interested parties are concluded. The government and LIC will jointly offload a 60.72% stake, potentially earning the government over ₹29,550 crore from its share.
Published on: August 2, 2025
Kinara Capital faces a liquidity crunch after some lenders appropriated fixed deposits and issued loan recall notices, prompting ICRA to downgrade the company's bonds and loans. The fintech lender, which has a total debt of Rs 1,853 crore, is exploring resolutions and considering asset sales to address the crisis. Two directors have resigned following these developments.
Published on: August 1, 2025
India Post Payments Bank has launched a nationwide Aadhaar-based face authentication for customer transactions, enhancing security and convenience, especially for elderly and differently-abled individuals. This feature, developed under UIDAI, allows banking transactions via facial recognition, eliminating the need for fingerprints or OTPs. It ensures financial inclusion by addressing limitations in biometric verification and enabling safe banking during health emergencies.
Published on: August 1, 2025
The government anticipates inviting financial bids for IDBI Bank's disinvestment in the third quarter of the current fiscal year. The selection of the winning bidder is expected by the end of 2025-26. All preliminary processes are complete, and potential bidders have been granted access to the bank's financial and operational data.
Published on: August 1, 2025
The dynamics of Indian banking just saw an unfamiliar development with car loans outpacing home loans in the first quarter of FY26. According to the Reserve Bank of India, banks have expanded their loan portfolios considerably, but the growth rate for home loans has decelerated, giving way to a surge in auto loans.
Published on: August 1, 2025
Jane Street, a US-based trading firm, is reportedly not cooperating with India's Income Tax probe, with key servers and account books located abroad. The company has minimal presence in India, further hampering the investigation. SEBI previously accused Jane Street of market manipulation and ordered a ₹4,843 crore deposit. Trading resumed after payment, but restrictions on fraudulent practices remain in place.
Published on: August 1, 2025
Manappuram Finance Limited announced the appointment of Deepak Reddy as the new Chief Executive Officer, effective August 1, 2025. Former Managing Director and CEO, V P Nandakumar, transitioned to the role of Managing Director on July 31, 2025. Reddy will report to Nandakumar in his new capacity within the company.
Published on: August 1, 2025
RBI data reveals a slowdown in bank lending across sectors in June 2025, with services and agriculture experiencing a more pronounced deceleration compared to retail and industry. Non-food bank credit grew by 10.2%, a significant drop from the previous year's 13.8%. While some industries like engineering and construction saw accelerated growth, personal loans also experienced moderation.
Published on: August 1, 2025
RBI data indicates a slowdown in bank credit growth to industry, reaching 5.5% in the fortnight ending June 26, compared to 7.7% the previous year. Non-food bank credit experienced a moderated growth of 10.2%. Certain sectors like MSMEs, engineering, construction, and textiles showed accelerated growth, while agriculture and services saw a deceleration. Personal loans also witnessed a slower growth rate.
Published on: July 31, 2025
IndusInd Bank has made an announcement. Jyoti Prasad Ratho, previously the Head of Internal Audit, is no longer a part of the Senior Management Personnel. This change was announced on Wednesday. The bank has officially communicated Ratho's departure from the SMP. The bank is expected to announce a replacement soon.
Published on: July 31, 2025
The Income Tax Department is conducting searches at Nuvama Wealth, formerly Edelweiss Broking, linked to the Jane Street case, where Nuvama acted as the firm’s local trading partner. Jane Street, accused of market manipulation, recently re-entered Indian markets after depositing ₹4,844 crore with Sebi.
Published on: July 31, 2025
The Reserve Bank of India is expected to maintain its stance on liquidity management. It will likely avoid reintroducing fixed-rate lending to banks. Banks have requested this facility to manage their funding needs better. The RBI prefers variable rate operations. A revised liquidity management framework may be unveiled on August 6.
Published on: July 31, 2025
Punjab National Bank anticipates credit growth of 11-12% in FY26, driven by a strong corporate loan book and increased disbursements. The bank's Q1 operating profit surged, fueled by treasury income and loan recoveries, despite a dip in net profit due to higher tax expenses. PNB plans to offload a 10% stake in Canara HSBC Life Insurance upon its listing.
Published on: July 30, 2025
The bank has engaged Navi Mumbai-based Special Situation Advisors India to find a buyer for 67 large corporate accounts within the next four months. These accounts include Videocon Industries, Frost International, Rotomac Global, Lanco Infratech and ABG Shipyard aggregating to a total outstanding exposure of more than Rs 12,224 crore for the bank, documents accessed by ET showed.
Published on: July 30, 2025
Punjab National Bank aims to boost business loan growth by focusing on infrastructure, smart metering, and renewable energy projects, according to CEO Ashok Chandra. Despite overall domestic loan growth of 9.6%, business loans only grew by 6.9% in the first quarter. PNB reported a net profit of 16.75 billion rupees, impacted by a one-time tax charge.
Published on: July 30, 2025
Amendments to the Banking Laws Act now allow PSBs to transfer unclaimed funds to the IEPF, aligning them with company practices. PSBs can now offer remuneration to statutory auditors, improving audit quality. The 'substantial interest' threshold increased to Rs 2 crore, and director tenures in cooperative banks extended to 10 years, effective April 1, 2025.
Published on: July 30, 2025
Future Generali India Insurance (FGII) plans significant growth. The company targets over Rs 10,000 crore in gross written premium by 2030. FGII anticipates a 13-15 percent annual growth. Central Bank of India's stake acquisition will boost expansion. FGII will focus on bancassurance and underpenetrated insurance sectors. Health and motor insurance will remain key.
Published on: July 30, 2025
ICRA projects significant growth for affordable housing finance companies. Their assets under management are expected to reach Rs 2.5 lakh crore in three years. The mortgage portfolio of non-bank lenders will likely touch Rs 20 lakh crore by March 2028. Retail mortgage loan growth will be driven by demand and limited credit options.
Published on: July 30, 2025
Crisil Ratings anticipates that Indian microlenders will likely remain unprofitable until the fiscal year's end, citing challenges from state ordinances in Karnataka and Tamil Nadu that could impede sector recovery. These states constitute a significant portion of the MFI portfolio. Despite industry efforts to implement safeguards, legacy assets continue to pressure asset quality.
Published on: July 30, 2025
The Reserve Bank of India has cautioned banks and NBFCs against compromising internal controls and regulatory compliance in their pursuit of rapid expansion. RBI Deputy Governor Swaminathan J emphasized that some lenders are prioritizing short-term gains over sound practices, leading to increased supervisory interventions. He urged financial institutions to uphold ethical standards and implement adequate safeguards for digital tools.
Published on: July 30, 2025
