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.
BUSINESS
Tata Trusts, Tata Sons in talks to provide part-exit to SP Group
Shapoorji Pallonji Group eyes 4–6% stake sale in Tata Sons to unlock funds, end long-running standoff.
BUSINESS
IndusInd Bank hires former Yes Bank executive Pankaj Sharma as head of business transformation
Pankaj Sharma is seen as taking over from Anil Rao, the current head of operations at IndusInd Bank. Anil Rao is set to superannuate in a few weeks and may not to seek an extended tenure.
BUSINESS
RBI MPC Analysis: It’s a pro-banks, pro-India Inc economic policy
Even if devil lies in details, many demands of the banking sector have been granted in one stroke of the wand. Over the next 3 – 5 years, some of the regulatory decluttering can go a long way in reshaping the business of banking.
BUSINESS
HDFC Bank’s Parag Rao superannuates this week; portfolio to be spilt into smaller functions
The bank has a superannuation policy of 60 years for its employees, though exceptions are said to be have been made on a case-to-case basis
BUSINESS
Cross-border transactions, wealth management will remain focus areas: PD Singh, Standard Chartered's India & South Asia CEO
Stating that the India franchise is adequately capitalised for the next five years, Singh expects the bank’s corporate book to grow 10-12% in FY26, though some large M&A deals could accelerate growth.
BUSINESS
SMBC Global CEO Akihiro Fukutome to visit India soon
The primary agenda of his visit to India, according to sources, is to address employees of Yes Bank and assure them about their roles in the bank.
BUSINESS
India is central to Tide’s global growth story: Oliver Prill, CEO, Tide
India is where some of our most innovative products are being developed and exported elsewhere, said Oliver Prill, CEO, Tide in an interview with Moneycontrol.
BANKING
L&T Finance hopes to succeed in assessing borrower quality through its underwriting engine
According to Sudipta Roy, MD & CEO, L&T Finance V 3.0 of Project Cyclops processes 1,400 transactions per second as against the 100 transactions processed by V 1.0. Bounce rates for two-wheeler loans underwritten through this system have fallen from 20 percent to 7 -8 percent, he says
BANKING
Applicative AI and 'techno-managers' will drive future BFSI winners, says Sudipta Roy of L&T Finance
Payments, affordable housing, consumption finance including checkout financing are the new areas of interest for L&T Finance, as they blend with the company’s strategy on delivering return on assets and the risk profile of customers it targets.
BUSINESS
NaBFID is a success story by combining the right timing, institutional maturity, and strategic clarity, says MD Rajkiran Rai
Our cumulative sanctions to date have crossed Rs 2.5 lakh crore. We’re projecting this to increase to around Rs 3.2 lakh crore by March 2026. These are projects that have already been appraised and committed to, but disbursement happens progressively, especially in infrastructure, Rai said.
BUSINESS
NBFCs set for bigger role, some could become banks in 5 years, says BCG's Saurabh Tripathi
India's banking sector on cusp of transformation amid growing interest from the Japanese and Middle East financial services and private equities, the BCG's global leader, financial institutions, tells Monyecontrol
BUSINESS
Top bankers meet PMO officials, seek more discretion in CEO and board appointments
Some officials in the government are open to re-looking at the RBI’s regulatory authority on this matter, but more consultation and deliberation is needed on this matter.
COMPANIES
Shriram Wealth bets on 'democratising' wealth, to soon enter Rs 10 lakhs-Rs 2 crore segment
Shriram Wealth builds early traction with 400 families and 150 professionals across 11 cities within three months of launch, says MD and CEO Vikas Satija
BUSINESS
Utkarsh, ESAF small finance banks gear up for equity raise
Utkarsh, which closed FY25 with a net profit of Rs 24 crore, slipped into losses in the Q1 FY26. ESAF’s losses widened in FY25 and it also posted a loss in Q1
