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.
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
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
BUSINESS
TPG said to be in talks with IIFL Capital for stake acquisition
Sources indicate that TPG is likely offer some exit to the Canadian PE major Fairfax’s investment in the company and infuse fresh capital to hold a minimum 20% stake in the company.
BANKING
The Samurai banker: Rajeev Kannan, the man who forged SMBC-Yes Bank deal
Said to be the 'Indian face' of the SMBC–Yes Bank deal, Kannan's style of leadership is forged in Japanese mannerism which has served him and the SMBC Group well in the past 27 years
BUSINESS
HDFC Life sees VNB margins normalising by FY27 as near-term pressures ease: MD & CEO Vibha Padalkar
During an exclusive email interaction with Moneycontrol, the MD and CEO said she said the company is taking a calibrated approach alongside industry-wide discussions with distributors, while focusing beyond cost optimisation to improve profitability
BUSINESS
Open to more acquisitions for growth: Ankur Bansal, co-founder & MD, BlackSoil Capital
We are working with development financial institutions for that. Post the merger with Caspian, we are in a unique space where everybody wants to fund. They have done in the past with financial inclusion for instance. Our next biggest segment will be focusing on climate finance, said Bansal.
BUSINESS
Fino will not digress from profitability agenda even as an SFB: CEO Rishi Gupta
Gupta is ready with the roadmap to scale into an Rs 8,000–10,000 crore SFB within three years of operations, he tells Moneycontrol how he plans to do that
BANKING
Far more willing to fund infra loans, but don’t want to be a storage bank: Kotak Mahindra Bank's Paritosh Kashyap
At this stage, wholesale banking is not just lending. Lending forms only a very minuscule part of the products we offer to wholesale customers, whole-time director Kashyap tells Moneycontrol
BUSINESS
Shriram Capital to restructure lending to refocus on other businesses: Umesh Revankar, Executive VC, Shriram Finance
We believe our credit business require a different kind of attention and the other businesses where we have a strong partner, it also need a certain focus. I think only to bring focus into the activity we may be restructuring the credit business, Revankar said
