BUSINESS
PSU bank chiefs see 52-66% y-o-y jump in FY25 salaries
In FY25, state-owned banks’ profitability rose sharply due to higher income from lending, treasury gains and lower provisioning for bad loans.
BUSINESS
State-owned banks beat private lenders in CASA ratio for first time in a decade
As stress persists for banks on the deposit mobilisation front, a few banks have tapped the short-term debt market to raise funds through certificates of deposits.
BUSINESS
Foreign investors pull out over Rs 2,700 crore from Indian bonds as RBI rate cut narrows spread
The spread between India and US bonds stands at 187 bps, which is one of the lowest. Usually, when the spread narrows, foreign investors pull back funds from emerging economies and park it in less risker destinations.
BUSINESS
Flexiloans bags Rs 375 crore in Series C funding led by Accion, Nuveen, Fundamentum
The Mumbai-based NBFC-fintech firm plans to use the fresh capital to expand operations, enhance product offerings, and strengthen technology infrastructure.
BUSINESS
India Infrastructure Finance subscribed to 50% of Pimpri Chinchwad Municipal Corp’s green bond
The listing of the Rs 200 crore green bonds of Pimpri Chinchwad Municipal Corporation concluded on BSE, with bids from eight investors, of which five investors got allotment.
BUSINESS
Banks may post hefty treasury gains in Q1FY26, helped by RBI rate cut
During Q1FY26, RBI has reduced repo rate by 75 bps to support growth. In response to this rate cut, only 20 bps yields have reduced on the government securities.
BUSINESS
End of RBI's daily VRR auction to have little impact amid huge surplus liquidity
On June 9, the RBI discontinued the daily liquidity support to the banking system through daily VRR auctions due to the improving liquidity conditions
BUSINESS
Why did RBI end daily liquidity support?
Liquidity conditions in the banking system have turned positive since April 1, thanks to a slew of measures, including daily VRR, by the RBI to infuse durable liquidity.
BUSINESS
RBI projections suggest CPI inflation to remain below medium-term target for longer period
India’s annual retail inflation had eased to 3.16 percent in April from 3.34 percent in March.
BUSINESS
RBI Governor confirms one banking licence application rejected, name not disclosed yet
So far, AU Small Finance and Ujjivan Small Finance have submitted an application to the RBI for a universal banking licence, while Fino Payments Bank has applied for a small finance bank licence.
BUSINESS
Final gold loan norms likely today or by Monday, says RBI Governor, financiers cheer LTV relief
Malhotra said the Loan-to-Value (LTV) for gold loans below Rs 2.5 lakh will be revised to 85 percent, from the proposed 75 percent as part of the latest recommendations.
BUSINESS
Liquidity boost: RBI cuts CRR by 100 bps to support banking system
The timing of the CRR cut is crucial because between September and November, India witnesses a festive season due to which currency leakage from the banking system increases, putting pressure on systemic liquidity.
BUSINESS
RBI MPC coming up: Here are 6 things to watch out for
Experts say that the MPC is meeting at a time when inflation has been relatively tamed, and the central now needs to support growth.
BUSINESS
Banks finds more arbitrage opportunity in mutual funds, investment rises over 90% on-year in March
Usually, when the banks have excess funds or when the liquidity in the banking system is in huge surplus, they prefer to park it in money market instruments or invest it in other instruments such as liquid funds. This helps banks earn hefty treasury income or other income.
BUSINESS
RBI to continue with liquidity infusion, may announce longer tenure Variable Rate Repo
In the last few months, the central bank is infusing durable liquidity to the banking system through open market operations (OMO) purchases and USD/INR Buy/Sell swap auctions.
BUSINESS
FPIs sell record sum in government bonds this quarter since global index inclusion
Since the announcement, Indian bonds in global indexes have been seeing sharp inflows, but soon after the rate cut cycle begun earlier this year, the differential between India and US narrowed, leading to these investors moving away.
BUSINESS
Swan Defence and Heavy Industries plans to raise Rs 750 crore via QIP
The proposed QIP will also help the company meet the SEBI norms on minimum public shareholding, which require a listed company to have a minimum of 25 percent of public shareholding three years from its IPO.
BUSINESS
Spandana Spoorthy's consolidated loan assets plunge 48% on-year, reports highest net loss of Rs 1035 crore
Auditors once again draw reference to the company’s ability to remain a going concern.
BUSINESS
Less volatile bond markets eat into primary dealers' earnings as underwriting commissions drop
Primary dealers usually underwrite the government bond auctions against a token of underwriting commission. The fee charged by primary dealers, though small, reflects the sentiment of the market.
BUSINESS
Forex gains, interest income from foreign securities helped RBI transfer higher surplus to Centre
On May 23, the RBI Central Board has approved the transfer of Rs 2.69 lakh crores as surplus to the government for the financial year 2024-25.
BUSINESS
RBI hires 604 in 2024, lowest in four years
This is the fourth year in a row that hirings have dropped. The central bank had hired 882 people in 2023
BUSINESS
Currency printing expenditure rises 25% to Rs 6,372.8 crore in FY25: RBI annual report
The central bank had spent Rs 5,101.4 crore to print currency in FY24
BUSINESS
Counterfeit notes of Rs 500 denomination surged 37% YoY in FY25, shows RBI annual report
The other denominations where fake currency were found were Rs 100 denomination with 51,069 pieces, Rs 200 denomination with 32,660 pieces, and Rs 2000 denomination with 3,508 pieces in 2025, report showed.
BUSINESS
Value of retail CBDC in circulation rose 334% in FY25: RBI annual report
The retail CBDC pilot was started on December 1, 2022. The RBI launched the wholesale pilot of CBDC on November 1, 2022 to settle G-Secs trades using the digital rupee.
