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
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.
BUSINESS
Probe so far not pointing at fund siphoning at IndusInd Bank: EOW Sources
The sources cited add that EOW will question Siddharth Banerjee, head of global market and financial institutions group, in the coming days. A few employees who were part of the former DMD's team may also be called for questioning.
BUSINESS
RBL Bank set to become Emirates NBD's largest subsidiary outside Dubai
Sources indicate that Emirates NBD will infuse fresh capital at Rs 295 a share to take a 51% stake in RBL Bank. Emirates will take five board position in RBL Bank and subsequently through an open offer pick up an additional 25% stake. RBL Bank may be merged with Indian operations of Emirates NBD, though the wholly owned subsidiary mode
BUSINESS
Piramal, KKR seek exit from Shriram General Life Insurance: Sources
Both investors are said to have initiated the exit process and are mulling various options including a listing for the company or a secondary sale.
BUSINESS
Pretty happy with the outcome of market listing: Rajiv Sabharwal, MD & CEO, Tata Capital
We have added over 22 lakh new shareholders to the Tata Capital family, says Rajiv Sabharwal
BUSINESS
Treasury frauds at IndusInd Bank may date back to 2017 or earlier, emails reveal
Emails accessed by Moneycontrol indicate that IndusInd Bank’s former CFO Arun Khurana was aware of fraudulent accounting practices adopted for foreign derivative contracts. Separately, days ahead of the Grant Thornton audit report, CHRO Zubin Mody had calls with select employees where he was quoted as saying, 'say everything you know'
BUSINESS
Truhome Finance awaits rating upgrade after doubling AUM to Rs 20,000 crore
Warburg is expected to provide additional growth capital as Truhome scales up further
BUSINESS
Mizuho–Avendus deal enters final stage of conclusion
Sources say some of the valuation and deal terms related aspects which was holding up the acquisition since June have now been ironed out. The deal closure is likely soon.
