BUSINESS
November blues: Rupee likely to trade close to 89 amid trade uncertainty, strong dollar
On November 4, the RBI intervened in the NDF market to defend rupee from touching record low
BUSINESS
SBI maintain 20% of GDP as asset portfolio, aims to grow to 25%, says Chairman CS Setty
Setty added that after several quarters of muted activity, corporate loan growth has started to pick up, buoyed by a strong pipeline and improving credit demand. Setty said that while there were sizeable prepayments in recent quarters partly due to the lender’s decision not to match aggressive pricing and partly because several corporates chose to repay loans using surplus cash the outlook has turned positive.
BUSINESS
Yes Bank stake sale yielded 14% IRR, no compulsion to hold or sell remaining shares: SBI chairman CS Setty
According to Setty, SBI’s primary intent in participating in the reconstruction plan was not profit-making but supporting financial stability at a crucial time.
BUSINESS
Tata Capital Housing’s Ajai Shukla likely frontrunner for PNB Housing CEO's role
Ajai Shukla has held multiple leadership roles across Tata Capital and its housing finance arm. An official announcement regarding the appointment is expected shortly, it is learnt.
BUSINESS
Rupee appreciates most in over two weeks on likely RBI intervention in NDF market
The local currency has remained towards 88.70 in the last few weeks amid pressure from the Asian currencies.
BUSINESS
Canara Bank rides the CASA turnaround; MSME and vehicle loans to drive H2 growth, says MD and CEO
Canara Bank MD and CEO also said the lender is preparing to capitalize on the opportunities in the M&A financing space.
BUSINESS
Bank of Baroda eyes 10-11% corporate loan growth in H2FY26, says CEO Debadatta Chand
The bank is keeping a close watch on fluctuations in gold prices but does not expect any significant impact on its loan-to-value (LTV) ratios or portfolio performance in the near term, Chand said.
BUSINESS
Canara Bank may raise Rs 3,500 crore via AT1 bonds by November
On October 30, the lender has informed exchanges that ratings agency ICRA has assigned ‘AA+’ ratings with ‘Stable’ outlook for the Basel-III compliant Tier-1 bonds.
BUSINESS
Why banks are finding borrowing via TREPS more attractive over RBI’s VRR auctions
Market participants have said that the narrowing rate differential between TREPS and RBI’s VRR auctions has made the former route a more attractive option.
BUSINESS
Union Bank of India working with two external agencies for ECL norms implementation, says CFO
Further, the managing director and chief executive officer Asheesh Pandey said there is no communication from the government on the consolidation of the state-owned banks.
BUSINESS
FOMC rate cut gives RBI MPC further room, but policy action seen hinging on growth-inflation outlook
US Federal Reserve’s by 25 bps rate cut has increased the scope for policy flexibility for emerging markets like India, however, economists believe the Reserve Bank of India (RBI) will keep its focus on growth and inflation in framing the policy stance at the upcoming December monetary policy meeting.
BUSINESS
Governor Sanjay Malhotra’s term sees Rupee’s biggest drop since Subbarao’s first 10 months
RBI Governor Sanjay Malhotra’s period has coincided with a challenging global environment marked by a persistently strong dollar, geopolitical tensions, and a widening interest rate differential between India and the US.
BUSINESS
Commercial Paper issuances down 66 percent in October as yields harden
Yield on commercial papers (CP) have hardened by 15-17 basis points amid fluctuation in the systemic liquidity in the banking system.
BUSINESS
Merger buzz: PSBs yet to hear from govt, focused on diluting stakes to meet norms
Media reports had said that Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI) and Bank of Maharashtra (BOM) could be merged with big banks such as Punjab National Bank (PNB), Bank of Baroda (BoB) and State Bank of India (SBI).
BUSINESS
Festive spending, GST outflow push liquidity into deficit
Currency in circulation usually surges during the festive season, resulting in lowering liquidity in the banking system
BUSINESS
Ahead of Diwali, bank stocks rally on strong Q2 earnings; RBL Bank up 9% on Emirates NBD deal
Shares of RBL Bank jumped more than 9 percent after Emirates NBD announced plan to acquire a majority stake in the listed domestic private sector lender.
BUSINESS
Benign inflation outlook opens policy space; Centre working on MSME support package: RBI MPC’s Nagesh Kumar
He cautioned that the US accounts for about 33 percent of India’s exports of labour-intensive goods such as textiles, leather, gems and jewellery, and processed food products sectors that are dominated by MSMEs and employ nearly 40% of India’s manufacturing workforce. The imposition of 25%+25% penal tariffs on Indian exports, coupled with other restrictive trade and immigration policies, could impact these sectors more acutely.
BUSINESS
IOB eyes M&A financing opportunity, expects lending activity to begin by Q4, says CEO Ajay Kumar Srivastava
The bank is aiming for the QIP launch of Rs 4,000 crore in the second half of the current financial year, Srivastava said.
BUSINESS
Festive demand, GST cut to lift Indian Bank’s Q3 loan growth; CASA revival remains a challenge, says CEO Binod Kumar
To strengthen its CASA base, the bank has launched six new products and opened 1.77 lakh new accounts in the last quarter. It is also aggressively targeting salary accounts, where the average balance has improved from Rs 25,000 in Q1 to Rs 44,000 in Q2, Kumar said.
BUSINESS
PNB expects Rs 9,000–10,000 crore additional provisioning under new ECL norms, says MD Ashok Chandra
Going forward, housing and vehicle loans will grow very fast, we expect these two segments to be outperformers in Q3. Overall, retail growth should see at least a 2 percent boost purely due to the GST cut, Chandra said.
BANKING
RBL Bank expects first tranche of money from Emirates NBD Bank in 5-8 months
The bank is aiming to join the top five banks league in the next three to five years
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.
