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
Vault Matters | Can a Sumo wrestler play kabaddi? That’s SMBC’s real challenge with Yes Bank
There have always been a lot of apprehensions on what incremental value add a foreign bank can bring to India, more so with the exit of biggies such as Citi and Deutsche from India’s retail terrain. Can Sumitomo Mitsui Banking Corporation help find an answer?
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
BUSINESS
OPINION | Vault Matters: The unfortunate side effect of stress in the banking system
There are at least four major instances of death noted in the banking sector since the start of this fiscal. Two are natural deaths and two suicides. The common thread is that these were mid- to senior-level seasoned executives and may have been under tremendous work pressure
BUSINESS
We don't need to overpay for deposits anymore: Unity SFB's Jaspal Bindra
We have no immediate need to raise funds. We have few years before the IPO mandate kicks in; there is ample time to plan, Bindra said
BUSINESS
SMBC to seek promoter tag in Yes Bank after primary capital infusion
According to sources, Yes Bank is expected to roll out a plan to raise equity by December this year. SMBC may infuse around Rs 4,000 crore in the bank to increase its stake from 20 percent to 24.99 percent.
BUSINESS
Prioritise compliance, fix process loopholes: IndusInd Bank new CEO’s message to business heads
In an internal meeting with select business head of the bank, Rajiv Anand is said to have asked business heads to draw up a plan within the next 45 days to tighten compliance, fill the gaps in processes and strengthening the business.
BUSINESS
India is Asia’s 3rd largest, fastest growing market for sustainability finance, says DBS Bank’s Chief sustainability officer Helge Muenkel
Businesses waiting to shift from being fossil fuels guzzlers to green units would be the focus and the sweet spot for DBS Bank's 'transition finance', says Helge Muenkel
BUSINESS
Emirates NBD, Fairfax, Kotak Bank, Oaktree likely to bid for IDBI Bank
According to sources, financial bids for IDBI Bank is likely to be sought in October. Kotak Mahindra Bank said to have renewed its interest in the bidding process, extensive diligence underway.
BUSINESS
GST 2.0: Insurers approach govt to seek clarity on ITC treatment
Insurers, who had initially lobbied for GST to be charged at a 0% rate instead of an exemption, have sought clarification on whether insurance companies can claim input tax credit at an entity level
BUSINESS
PhonePe to file for IPO via confidential route by September-end
IPO likely to be sized at Rs 10,000–13,000 crore ($1.2–1.5 billion) and will be a mix of fresh issue and offer for sale. Walmart, Tiger Global and General Atlantic likely to be among the key investors who might seek part-monetisation via the IPO
BUSINESS
RBI may allow Tata Sons to remain unlisted
Regulator said to have asked the shareholders to resolve differences before it takes final decision.
BUSINESS
Deutsche Bank puts its India retail franchise on block
With loan assets of around Rs 25,000 – 30,000 crore, Deutsche Bank’s retail business is up for sale post a global review of its operations. According to sources, at least three out of four private banks reached out to for the sale haven’t evinced strong interest yet.
BUSINESS
IPOs targeting aggressive valuation will face resistance in volatile times: Ganeshan Murugaiyan of BNP Paribas India
Outbound M&A activity continues to be active in pharma, IT and industrial space. Acquisitions over the past few years have been strategic in nature; it is no longer about acquiring only to expand the presence outside of India. Indian companies are looking to add capabilities and geographies which are strategic for their expansion plans.
BUSINESS
Vault Matters | Beginning of the end of the hype around financial services
Two mid-sized SME lenders have supposedly called off their IPO plans. An NBFC focused on education loans has yet to refile for an IPO. One of the most anticipated listings of this year, HDB Financial Services, received only a lukewarm response from investors. Does this signal a tapering of investor interest in financial services?
BUSINESS
IPO-bound Tata Capital bets big on retail and SMEs; aims to extend formal credit to wider markets
The company’s loan book rose from Rs 1.2 lakh crore in 2023 to Rs 2.26 lakh crore in 2025, reflecting an 88%
