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
OPINION | Vault matters: Who's to be blamed for steep healthcare cost inflation?
Healthcare costs have inflated in double digits post-pandemic, showing no sign of easing. Meanwhile, private equity and venture capital investments in India’s hospital landscape have touched around $15 billion since FY20. Is the changing capital structure of the healthcare business resulting in higher costs?
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
OPINION | Vault Matters: Big-ticket corporate loans return, but stress lurks
With India Inc’s financial health at its best and loan growth remaining anemic despite efforts, the regulatory nudge towards big-ticket corporate loans is understandable. But who will lend in this cycle and more importantly, what happens to cautious lending are key questions ahead of the sector.
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.
