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%
BUSINESS
Delinquencies marginally higher in informal, self-employed segment and loans with over 75% LTV: IMGC MD & CEO
We’ve already guaranteed close to Rs 35,000 crore in home loans—backing over 1.5 lakh homeowners across more than 400 locations nationwide, with the trust of over 25 lending institutions, including banks and housing finance companies, says IMGC's Mahesh Misra
BANKING
Can Rajiv Anand put IndusInd Bank stock back in the Nifty50 universe?
Nearly 12 years after the stock was included in the Nifty50 index, IndusInd Bank is no longer a part of the bellwether benchmark. But, IndusInd Bank isn’t alone. Yes Bank and Bandhan too saw their exclusion from the index and despite the respective crises apparently behind them, sentiments are yet to turn positive.
BUSINESS
Online gaming ban: Banks evaluate next steps on RMG entities; tighten real-time payments monitoring
Senior bank officials say they would be extra careful in overseeing digital payments and blocking those that may be suspected towards online gaming
BUSINESS
PNB Housing’s Girish Kousgi set to join IIFL Home Finance as CEO
On August 3, PNB Housing informed stock exchanges about Kousgi’s decision to step down as CEO citing personal reasons. Monu Ratra’s tenure as chief of IIFL Home Finance will end on October 6, as per IIFL Finance’s disclosures
BUSINESS
Focused on curbing opex and credit cost, says Fusion Finance CEO Sanjay Garyali
The microfinance lender plans to step up its MSME business. MFI and MSME will be built as two separate business units, with two separate COO, says Garyali
BUSINESS
See a big opportunity in medium-yielding segments: KVS Manian, MD & CEO, Federal Bank
We need a holistic portfolio wallet share of a client to make money in the corporate banking business, Manian said.
BUSINESS
Vodafone Idea in talks with private credit funds as bank funding remains elusive
The struggling telco is in talks with Davidson Kempner, Oaktree and Värde Partners to raise a small tranche of debt
BUSINESS
Veteran banker Ravi Narayanan appointed as CEO of SMFG India Credit
Set to take charge by end of August, sources say Narayanan’s immediate task would be to clean up and overhaul the operations of the lender
BUSINESS
We've strengthened the team and have a more diversified portfolio, says Axis AMC's B Gopkumar
The Axis AMC managing director and CEO says the firm's goal is to bridge the gap between traditional fund management and the transparency offered by modern fintech platforms, empowering customers with comprehensive but easy-to-understand portfolio analysis
BUSINESS
New normal credit cost for MFI likely 3 – 4% says PN Vasudevan, MD & CEO, Equitas Small Finance Bank
Speaking exclusively to Moneycontrol, PN Vasudevan, MD & CEO of the bank explained the rationale for higher provisioning. Interestingly, he said going ahead, banks ought to look at microfinance as just another business to have, not bet on it entirely shore up return ratios.
