BUSINESS
Barclays Bank India to remain a wholesale-focused lender, says CEO Pramod Kumar
Barclays Bank India CEO Pramod Kumar said he is hopeful that the government will address the adverse tax treatment that foreign banks are subjected to, when they choose to operate as a branch in India.
BUSINESS
India will continue to see more inbound and domestic interest: Pramod Kumar, CEO Barclays Bank PLC, India
Kumar says he is clear that while investment banking may be core to what Barclays does in the country, corporate banking is getting built as a pillar of strength for the bank
BANKING
How a Rs 1,00,000 crore fat finger error at Karnataka Bank is drawing RBI’s attention
While the incident occurred on August 8, 2023, it was escalated to the bank’s board much later and has caught the regulator’s attention in the current year’s annual inspection.
BANKING
HDFC Bank’s MFI chief K Venkatesh set to join Spandana Sphoorty as CEO
In April this year, Shalabh Saxena quit the company and stepped down as MD & CEO with immediate effect. Ashish Damani, the then CFO, was elevated as interim CEO.
BANKING
Credit guarantee scheme worth Rs 20,000 crore soon for NBFC-MFIs to ease liquidity crunch
Expected to be announced in the coming weeks, the relief package for NBC-MFIs is aimed at providing liquidity support to the sector.
BUSINESS
OPINION | Vault Matters: The consequences of dichotomy of ownership structure in banks
There is difference in approach at present in the ownership structures, whether through the government, foreign owners or the local promoter. While this issue hasn't gathered momentum yet, it would be constructive for the RBI to harmonise the capital structures before it can become a heated debate
BUSINESS
Piramal Finance on track to 3% RoA, MD Jairam Sridharan says, as stock begins trading
The MD and CEO of Piramal Finance said the NBFC would start its new innings on the stock exchanges on a clean slate, and is all set to meet the 3 percent RoA target in the coming years.
BUSINESS
Yes Bank stake sale yielded 14% IRR, no compulsion to hold or sell remaining shares: SBI chairman CS Setty
According to Setty, SBI’s primary intent in participating in the reconstruction plan was not profit-making but supporting financial stability at a crucial time.
BUSINESS
Tata Capital Housing’s Ajai Shukla likely frontrunner for PNB Housing CEO's role
Ajai Shukla has held multiple leadership roles across Tata Capital and its housing finance arm. An official announcement regarding the appointment is expected shortly, it is learnt.
BANKING
MUFG in advanced talks with Shriram Finance for a 20% stake
MUFG likely to invest $3-4 billion in India’s largest vehicle financier; Japanese lender will infuse fresh capital into the lender and secure two board positions.
BUSINESS
ACKO to ramp up EV-specific products, distribution channels as it begins Tesla linked insurance: CEO Animesh Das
CEO Animesh Das said the company plans to significantly scale up this share in the coming quarters, although refraining from providing any specific guidance
BUSINESS
OPINION | Vault Matters: $7 billion, four banks and a new outlook to equity
Capital, equity, etc. are not concerns of RBI was the view that the central bank seemed to hold for a long time. The new regime and its thinking is proving this belief wrong, making for a welcome change
BUSINESS
Wanted valuations to be relevant to the industry, not absurd: Harsh Jain, Co-founder & COO, Groww
Coming from the background of working in Flipkart, the Groww’s founders were clear that diversification and offering what customers want should be ingrained in the company
BUSINESS
RBL and Yes Bank: How India’s two largest banking sector deals happened
The Yes Bank-SMBC and RBL-Emirates NBD deals have opened doors for more such deals to happen in Indian banking ecosystem
BUSINESS
Groww’s IPO likely priced at Rs 95-100 apiece
At these levels, the public issue is seen at a discount to the broker’s pricing in grey market at Rs 128 per share on October 29
BUSINESS
Today’s capex of a ‘different form’ compared to previous decades, says Citi India CEO
Citi India CEO said renewables, semiconductors, electronics and battery energy storage are some of bright pockets where capex is expected to rapidly grow in the coming years.
BUSINESS
India might soon be 3-4 percent of Citi’s overall topline: Citi India CEO K Balasubramanian
Citi ranks No 1 in business with multinational, enjoys 35% market share in custodian biz, 14% share in forex and 8% market share in imports and exports biz
BUSINESS
India to have second-largest number of Citi employees: CEO Balasubramanian
India supports about 80 countries globally, with some employees having created their AI patents, the CEO tells Moneycontrol
BUSINESS
Citi India CEO Balasubramanian expects $15-billion IPO rush over next 2 months
The pipeline of companies waiting to hit the market is quite robust and there could be a meaningful spill over to early 2026, Balasubramanian tells Moneycontrol in an interview
BUSINESS
Lenders turn cautious on gold loan borrowing limits
Sources say loan to value by leading NBFCs and a few banks in the gold loan segment has started reducing by 2 – 4 percent, in anticipation of a likely dip in gold prices.
BUSINESS
MC Exclusive | Federal Bank to roll out preferential issue for 9.99% stake
PE major Blackstone said to be the front runner, issue likely to be rolled out at Rs 210 - 215
BUSINESS
MC Exclusive | Governance, compliance & 82 years of legacy positioned RBL favourably: RS Kumar, MD & CEO, RBL Bank
BUSINESS
IndusInd Bank sees no fresh financial hit as BFIL probe, internal control overhaul progress
The auditor of BFIL had earlier issued a qualified conclusion in its limited review dated October 17, 2025, on the financial results for the September quarter and half year. However, the Bank clarified that these observations were not material to the group’s overall results.
BUSINESS
IndusInd Bank sets up executive group to strengthen financial controls after Rs 1,960 crore accounting discrepancies
According to the bank’s disclosure, the newly formed Project Management Group will oversee corrective measures, ensure process standardisation, and tighten internal checks to prevent such lapses in the future.
