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
Q3 to be more robust than Q2 in terms of disbursements, demand momentum, says L&T Finance CEO Sudipta Roy
For gold loans, Cyclops isn’t required because it’s a fully secured product with extremely low loss rates. Putting it through Cyclops would be counterproductive, Roy said.
BUSINESS
Piramal Finance listing expected in first half of November: CEO Jairam Sridharan
On September 10, NCLT has approved the merger of Piramal Enterprises Limited with its wholly-owned subsidiary, Piramal Finance Limited.
BUSINESS
Cautious on gold loans despite huge demand as prices soar, South Indian Bank CEO Seshadri
Higher gold prices mean customers can borrow more against their ornaments, driving demand but the sharp price movement also raises risk, the CEO tells Moneycontrol
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
RBI’s gold reserves rose more than $19 billion this fiscal amid Trump tariffs, Fed rate cut bets and global turmoil
Since the beginning of the year, global uncertainties have increased, starting with tariff imposition by the US, India-Pakistan tensions, and the Iran-Israel unrest which led to a strong US military action.
BUSINESS
SBI to raise Rs 7,500 crore through Basel-III Tier-II bonds
On July 16, the board of SBI approved raising up to Rs 20,000 crore through bonds in FY26
BUSINESS
Bank of Maharashtra pegging quarterly ECL provision at Rs 100-125 crore, says CEO Nidhu Saxena
On January 24, 2025, Moneycontrol citing sources reported that bank is expected to do additional provisions of Rs 125-150 crore every quarter.
BUSINESS
Why treasury income of banks is expected to fall in Q2? Here are three reasons
Whenever, the bond yields rise, prices fall due to inversely proportional relationship between both. This leads to lower mark-to-market gains on the investment of banks in these securities.
BUSINESS
NBFC Q2 earnings preview| PAT to grow 8-28% YoY on stable margins, improving asset quality
Brokerage firms expect asset quality of most NBFCs to remain broadly stable amid better customer selection, stricter credit underwriting, and improved collection efforts.
BUSINESS
Banks Q2 preview: PAT likely to fall 7-8% amid lower treasury gains, decline in NIMs
Emkay Global Financial Services expect HDFC Bank, ICICI Bank, Indian Bank and RBL Bank to be outliers, with Axis Bank, Federal Bank, Bandhan Bank, Canara Bank and Union Bank of India reporting softer quarter due to weak margins and elevated credit costs
BUSINESS
PSU banks see uptick in credit demand in vehicle, consumer durable loans post-GST cut, say bankers
On August 26, Moneycontrol reported that Indian banks are eyeing a revival in credit demand in the second half of the current financial year (H2FY26), with bankers projecting growth in the range of 10–12 percent, supported largely by the upcoming festive season beginning September.
BUSINESS
Irinjalakuda Town Co-op Bank auditor had flagged negative CRAR, other violations
The RBI superseded the bank's board on on October 7, citing concerns over the lender’s deteriorating financial health and governance issues
BUSINESS
Weaver Services to consolidate People Home Finance, Centrum Housing Finance by FY27, says CEO Anil Kothuri
Kothuri also said the company has set an internal target is to reach an AUM of Rs 10,000–12,000 crore before exploring an Initial Public Offering (IPO).
BUSINESS
Achieving $35 trillion economy by 2047 is very much in the realm of possibility, says Piyush Goyal
Further he said that no power on earth can stop India from becoming a developed and prosperous nation when we celebrate 100 years of independence.
BUSINESS
MFI industry should lend responsibly, improve cost efficiency, says NABARD's chairman Shaji KV
He added that these lenders should be responsible as they are dealing with people who are not that aware about how to handle their finances.
BUSINESS
PFRDA to consider allowing gold and silver investment for pension funds
The regulator is cautiously weighing the inclusion of gold and silver within pension fund portfolios, with internal committees already evaluating the proposal.
BANKING
SBI working on simplification of KYC process, to engage with regulator, govt: Chairman
Setty said the lender needs to get the 'collections piece right' on the small value loans before rolling out other products on the UPI
BANKING
Banks well versed in acquisition financing, says SBI chairman CS Setty
On October 1, RBI proposed to provide an enabling framework for banks to finance acquisitions by Indian corporates
BUSINESS
On track to complete PSU banks divestment via OFS by FY26, says DFS Secretary
On September 16, Nagaraju had said that there is no proposal to government stake below 51 percent and government to remain majority shareholder.
BUSINESS
Financial AI applications must be designed in such a way to avoid inadvertent destabilisation of markets: RBI DG
T Rabi Sankar said that through planning and guidance, and structured engagement with industry, the RBI aims to foster an ecosystem where people can be aware of the security of the fact that people are in danger and the RBI has always fostered innovation with guidance, with good guardrails.
BUSINESS
GFF 2025: FM Sitharaman's four directives to fintech firms
Regulations too must evolve ensuring that the fintech revolution remains secure, responsible and sustainable for the long run, Sitharaman said
BUSINESS
IndusInd's loan book shrinks, Yes Bank slowdown contrasts private peers' strong deposit growth in Q2
The deposit growth of the private banks remained in the range of 7.1-15.1 percent year-on-year in Q2FY26, higher than 9.28-12.13 percent growth registered by state-owned lenders.
