BUSINESS
GST 2.0: Insurers approach govt to seek clarity on ITC treatment
Insurers, who had initially lobbied for GST to be charged at a 0% rate instead of an exemption, have sought clarification on whether insurance companies can claim input tax credit at an entity level
BUSINESS
PhonePe to file for IPO via confidential route by September-end
IPO likely to be sized at Rs 10,000–13,000 crore ($1.2–1.5 billion) and will be a mix of fresh issue and offer for sale. Walmart, Tiger Global and General Atlantic likely to be among the key investors who might seek part-monetisation via the IPO
BUSINESS
RBI may allow Tata Sons to remain unlisted
Regulator said to have asked the shareholders to resolve differences before it takes final decision.
BUSINESS
Deutsche Bank puts its India retail franchise on block
With loan assets of around Rs 25,000 – 30,000 crore, Deutsche Bank’s retail business is up for sale post a global review of its operations. According to sources, at least three out of four private banks reached out to for the sale haven’t evinced strong interest yet.
BUSINESS
IPOs targeting aggressive valuation will face resistance in volatile times: Ganeshan Murugaiyan of BNP Paribas India
Outbound M&A activity continues to be active in pharma, IT and industrial space. Acquisitions over the past few years have been strategic in nature; it is no longer about acquiring only to expand the presence outside of India. Indian companies are looking to add capabilities and geographies which are strategic for their expansion plans.
BUSINESS
Vault Matters | Beginning of the end of the hype around financial services
Two mid-sized SME lenders have supposedly called off their IPO plans. An NBFC focused on education loans has yet to refile for an IPO. One of the most anticipated listings of this year, HDB Financial Services, received only a lukewarm response from investors. Does this signal a tapering of investor interest in financial services?
BUSINESS
IPO-bound Tata Capital bets big on retail and SMEs; aims to extend formal credit to wider markets
The company’s loan book rose from Rs 1.2 lakh crore in 2023 to Rs 2.26 lakh crore in 2025, reflecting an 88%
BUSINESS
Delinquencies marginally higher in informal, self-employed segment and loans with over 75% LTV: IMGC MD & CEO
We’ve already guaranteed close to Rs 35,000 crore in home loans—backing over 1.5 lakh homeowners across more than 400 locations nationwide, with the trust of over 25 lending institutions, including banks and housing finance companies, says IMGC's Mahesh Misra
BANKING
Can Rajiv Anand put IndusInd Bank stock back in the Nifty50 universe?
Nearly 12 years after the stock was included in the Nifty50 index, IndusInd Bank is no longer a part of the bellwether benchmark. But, IndusInd Bank isn’t alone. Yes Bank and Bandhan too saw their exclusion from the index and despite the respective crises apparently behind them, sentiments are yet to turn positive.
BUSINESS
Online gaming ban: Banks evaluate next steps on RMG entities; tighten real-time payments monitoring
Senior bank officials say they would be extra careful in overseeing digital payments and blocking those that may be suspected towards online gaming
BUSINESS
PNB Housing’s Girish Kousgi set to join IIFL Home Finance as CEO
On August 3, PNB Housing informed stock exchanges about Kousgi’s decision to step down as CEO citing personal reasons. Monu Ratra’s tenure as chief of IIFL Home Finance will end on October 6, as per IIFL Finance’s disclosures
BUSINESS
Focused on curbing opex and credit cost, says Fusion Finance CEO Sanjay Garyali
The microfinance lender plans to step up its MSME business. MFI and MSME will be built as two separate business units, with two separate COO, says Garyali
BUSINESS
See a big opportunity in medium-yielding segments: KVS Manian, MD & CEO, Federal Bank
We need a holistic portfolio wallet share of a client to make money in the corporate banking business, Manian said.
BUSINESS
Vodafone Idea in talks with private credit funds as bank funding remains elusive
The struggling telco is in talks with Davidson Kempner, Oaktree and Värde Partners to raise a small tranche of debt
BUSINESS
Veteran banker Ravi Narayanan appointed as CEO of SMFG India Credit
Set to take charge by end of August, sources say Narayanan’s immediate task would be to clean up and overhaul the operations of the lender
BUSINESS
We've strengthened the team and have a more diversified portfolio, says Axis AMC's B Gopkumar
The Axis AMC managing director and CEO says the firm's goal is to bridge the gap between traditional fund management and the transparency offered by modern fintech platforms, empowering customers with comprehensive but easy-to-understand portfolio analysis
BUSINESS
New normal credit cost for MFI likely 3 – 4% says PN Vasudevan, MD & CEO, Equitas Small Finance Bank
Speaking exclusively to Moneycontrol, PN Vasudevan, MD & CEO of the bank explained the rationale for higher provisioning. Interestingly, he said going ahead, banks ought to look at microfinance as just another business to have, not bet on it entirely shore up return ratios.
BUSINESS
May engage with regulator to understand NOFHC requirement: Sanjay Agarwal, MD & CEO, AU Small Finance Bank
Speaking exclusively to Moneycontrol, Agarwal said he will approach the regulator soon to understand why the requirement to convert his stake into a non-operative finance holding company was imposed as a licensing condition.
BUSINESS
RBI holds repo rate steady: Are we in for a long pause?
Another rate cut may be at a bay until the last mile transmission of the 100 bps reduction from February is fully reflected in economy. Equally, the possible impact of macro uncertainties on economic growth may play a larger role in deciding the rate trajectory from hereon.
BUSINESS
Merchant bankers tasked to bring foreign capital into PSU banks during upcoming QIPs
The government budgets to earn approximately Rs 20,000 crore through QIP of five banks, namely Bank of Maharashtra, Indian Overseas Bank, UCO Bank, Central Bank of India, and Punjab and Sind Bank.
BUSINESS
Double Trouble: IT layoffs & loan slowdown – is there a storm brewing?
Private banks, which have higher exposure to private sector employees, particularly those from IT, have witnessed an 8-12 percent contraction in their FY26 EPS estimates.
BUSINESS
Aim to be among Top 3 players in India, says UBS' Abhishek Joshi
Betting on UBS and Credit Suisse's synergies, Abhishek Joshi, Head of ECM India, UBS, is confident that the Indian market will remain attractive from an IPO and deals perspective this year
BUSINESS
Vault Matters | Why now isn’t the time to upgrade banks
While there are at least four bank requests pending for regulator’s blessings to get a bump up in the value chain, now is the time to observe and assess, not react and regret
BUSINESS
Strategic decisions to be taken when SMBC comes board: Prashant Kumar, MD & CEO, Yes Bank
On the retail front, while the RDIF book should shrink by Rs 7,000–8,000 crore this year, concerns pertaining to weak asset quality have to do with the quick flip in the retail credit cycle, Kumar said
