BANKING
IDFC First Bank CEO vows necessary action after Rs 590-crore fraud, says will fix issues
Our investors who know us for over a decade, trust us and appreciate our capability to build long term businesses with good governance, V Vaidyanathan tells Moneycontrol in an interview
BUSINESS
OPINION | Vault Matters: RBI’s directive on mis-selling is a band-aid on the wound, not a cure
RBI is trying to fix the distribution aspect of mis-selling. The role of mutual funds and insurers remains unaddressed. Sebi and IRDAI have to step up to address core issues
BUSINESS
OPINION | Vault Matters: Why private banks need more returnees like Shyam Srinivasan, Murali Natarajan and Ashok Vaswani
In the backdrop of a shallow talent pool for the top job at private banks, isn’t it time to widen the search and look overseas
BUSINESS
High-level banking panel to review voting rights threshold for foreign bank subsidiaries
The proposal to evaluate 26% ceiling on voting rights is viewed as a step towards removing the restrictions around foreign banks taking strategic initiatives. Change will be applicable only to banks operating through the wholly owned subsidiary route.
BUSINESS
IndusInd Bank wants to increase market share in CV business to 10%, says CEO Rajiv Anand
Optimistic about the bank’s commercial vehicle financing business, Rajiv Anand, MD & CEO, IndusInd Bank, is working on garnering more deposits from CV-specific branches.
BUSINESS
MFI biz to remain precious to IndusInd Bank, says CEO Rajiv Anand
The bank has started using the credit guarantee scheme to be able to take the tail-risk out of MFI business, the CEO tells Moneycontrol
BANKING
Everyone will be proud of IndusInd Bank in three years, says MD Rajiv Anand
IndusInd Bank is a franchise which is under-delivering to its potential, says MD & CEO Anand
BUSINESS
Financial bids from Kotak, Emirates NBD, Fairfax received for IDBI Bank privatisation
The three bidders were allowed to move to the final stage of the process after completing due diligence and clearing the technical bid stage.
BUSINESS
RBI MPC Analysis | Enough of heavy-lifting, let’s wait for results
RBI's commentary indicates we may be headed for a long pause. The question is how will the liquidity management happen from here on
BUSINESS
Govt set to exit IDBI Bank in FY26; Kotak, Emirates NBD, and Fairfax to place final bids this week
The bids will be placed to the Department of Investment and Public Asset Management (DIPAM) in the finance ministry. The government is expecting to fetch a revenue of about Rs 33,000 crore – as it is divesting its 30.48 percent stake in IDBI Bank, say officials.
BUSINESS
OPINION | Vault Matters: When in doubt, hire a PSU Banker
A pattern which started in 2020 has become the playbook for private banks. Does this suggest reluctance to hire young dynamic private bankers or signal a lack of leadership bench strength in private banks?
BANKING
MC Exclusive | Not chasing growth in gold loans by stretching LTV or ticket sizes: Nirmal Jain of IIFL Group
The board will evaluate listing options for IIFL Home Finance at an appropriate time, keeping market conditions and business readiness in mind, said Jain.
BUSINESS
Religare Enterprises likely to announce demerger and listing of Care Health Insurance
The restructuring exercise which could result in an automatic listing of the health insurance arm is seen as a move aimed at unlocking shareholder value.
BUSINESS
RBI closely monitoring lenders’ positions on gold loan portfolios, say sources
After a sharp 15 percent correction in gold prices since Jan 30, the central bank is said to have sharpened its oversight on banks and NBFCs
BUSINESS
Axis Bank said to be in the lead to buy out CreditAccess Grameen
Deal likely to conclude at a slight discount to current valuation multiples; buyout to give a leg up to Axis Bank’s priority sector loan book
BUSINESS
DIPAM sets February 5 deadline for final IDBI Bank bids
Invite for final bids along with bid documents sent to Fairfax India Holding, Kotak Mahindra Bank, Emirates NBD around third week of January, say sources.
BANKING
For me, salary stops but work doesn’t, says SBFC Finance CEO Aseem Dhru
Dhru, who is set to step down as as MD & CEO, on April 1, tells Moneycontrol that he will be around to ensure a smooth transition and time will bear out his decision to handover control to Mahesh Dayani
BUSINESS
How an agri-loans discrepancy has hurt India’s Top 3 private banks
Flaws were detected by the RBI on how Axis Bank, ICICI Bank and HDFC Bank treated their agriculture loans as priority sector loans in the annual supervision for FY25, necessitating the banks to make higher provisions.
BANKING
What’s next for Yes Bank as RBI permits Japan's SMBC to set up a subsidiary in India?
RBI's in-principle nod for Japan's SMBC to set up a wholly-owned subsidiary in India is the fourth instance of a foreign bank seeking to convert its Indian operations from a branch model to subsidiary, this could set the base for SMBC to take controlling stake in Yes Bank.
BANKING
EGM today: The contentious non-compete fee and secondment clauses in MUFG–Shriram Finance deal
Apart from the $200 payout to Shriram Ownership Trust, certain clauses pertaining to oversight of operations by MUFG are coming under the cloud, with proxy advisors questioning if the deal was structured to avoid an open offer by the Japanese investor
BANKING
Piramal Finance secures $350 million from IFC & ADB
According to sources, advanced discussions underway to secure an additional $150 million from select DFIs, taking the total funding from multilateral foreign agencies to $500 million by end of FY26
BUSINESS
OPINION | Vault Matters: RBI’s experiment with loans against silver
Guidelines don’t seem to factor the finer differences between gold and silver and that could be the biggest challenge for silver loans
BANKING
We will clearly be No.1 on fees and we don’t undercut: Kotak Investment Bank officials
Clearing the air on whether Kotak Investment Bank has slipped on its fee growth in CY25 or is undercutting fee, its senior officials rubbish these claims and instead question foreign banks on their pricing model.
BUSINESS
Indian MFs have been price and demand leaders of IPOs, says Kotak Investment Banking CEO S Ramesh
New-age firms that launched IPOs in 2025 have delivered average return of 36%, so far; the retail investor has not lost money, says Ramesh, debunking talk of systemic wealth transfer
