BUSINESS
Lenders, government working on MTNL account resolution plan; to complete to by December
On July 15, MTNL informed exchanges that it has defaulted on a shade under Rs 8,585 crore in principal and interest payments to seven state-owned banks as on June 25.
BUSINESS
MPC Poll | RBI may hold rates in August policy to assess new data on inflation
The central bank, so far has reduced the repo or the benchmark rate by 100 basis points (Bps) since February to aid growth, with 25 bps each in February and April respectively, and 50 bps in the June policy.
BUSINESS
IndusInd Bank sees further scope to cut savings, term deposit rates, says Soumitra Sen
The cost of deposit of the bank in the reporting quarter eased by 9 basis points (Bps) year-on-year, and 6 bps on-quarter.
BUSINESS
MC Interview| Canara Bank to transfer 8 NPAs worth Rs 4,000 cr to NARCL by Q3: CEO K. Satyanarayan Raju
Canara Bank’s total SMA 2 book was Rs 6,856 crore, of which Rs 5,000 crore pertain to two accounts—Rs 3,000 crore guaranteed by a state government for an irrigation project, and a rental discount real estate project in Bengaluru, Raju said.
BUSINESS
Shriram Finance looks at new borrowing strategy to reduce costs
Early onset of monsoon led to delay in construction activities to August and September, which had resulted in fall in AUM on construction equipment in Q1FY26, Revankar said.
BUSINESS
DFS Secretary urge insurance brokers to help increase coverage in rural India, smaller cities
Insurance brokers can augment insurance penetration through grassroots engagement, simplified product dissemination, and capacity building of local intermediaries, Nagaraju said.
BUSINESS
IRDAI's Satyajit Tripathy cautions on practices of insurance brokers to increase valuation
ripathy said that in the insurance broking space, there is a record level of activity in terms of mergers, acquisitions, and demergers in the distribution segment. “The regulator is witnessing increased activity in this area on a day-to-day basis,” he said.
BUSINESS
Bajaj Finance’s 2 & 3-wheeler, MSME businesses to grow slow in FY26: MD Rajeev Jain
Two & Three-Wheeler Finance AUM declined by 20 percent on-year to Rs 15,703 crore in April-June quarter, from Rs 19,689 crore in a year ago period.
BUSINESS
Bajaj Finance to submit detailed succession planning in six months to board: MD Rajeev Jain
While deliberations on succession plan would start in 6 - 8 months, Jain to remain at the helm of affairs till March 2028.
BUSINESS
Bajaj Finance reports Rs 1,556 crore microfinance loans in Q1FY26 after separating MFI from Rural B2C Portfolio
In April-June quarter, Bajaj Finance has separated microfinance business from the Rural B2C loans. The company is sourcing MFI business through MFI branches.
BUSINESS
Canara Bank’s current account deposits fell sharply in Q1FY26 as 4-5 key PSUs deployed funds
In the April–June quarter, the bank’s current account deposits declined by 30.57 percent quarter-on-quarter to Rs 54,045 crore, down from Rs 77,841 crore in Q4 FY25, according to the investor presentation.
BUSINESS
Govt to work with regulator to ensure small NBFCs' compliance is proportionate: finance ministry official
Ashish Madhaorao More, joint secretary in the finance ministry, has also said NBFCs are uniquely positioned to break the last-mile green finance gap and can help India meet its emission goals
BUSINESS
PSU banks’ borrowing share in uncollateralised money segment fell to 3% in 2024: RBI
The bulletin added that activity in the money market had risen significantly in recent years, with the collateralised segment, led by the tri-party repo, dominating in terms of transaction volume.
BUSINESS
RBI rate cut fuels corporate borrowing rush: CP issuances surge 20% in Q1FY26
Around 27 percent of the total funds raised in Q1FY26 were mobilised by just five large corporates: National Bank for Agriculture and Rural Development, Indian Oil Corporation, Small Industries Development Bank of India, Reliance Jio Infocomm, and Reliance Retail Ventures.
BUSINESS
Sticky last-mile disinflation forces central banks in advance economies to hold rates: RBI bulletin
In their monetary policy meetings held in June and up to July 18, central banks of most advanced economies continued to hold or cut their policy rates
BUSINESS
Extended trading hours drive call money share to over 3% of money market
Historically, the share of call money volumes in the total turnover has remained in the range of 2-2.5 percent, however, in some instances, the share has increased to 3 percent due to higher demand for funds.
BUSINESS
IREDA confident of recovery from Gensol EV assets, provisioning may not rise
IREDA was the first lender to file for insolvency against Gensol and has since seen an interim resolution professional (IRP) appointed. A meeting of the committee of creditors (CoC) was held last week and a resolution professional (RP) is expected to be confirmed this month.
BUSINESS
L&T Finance may focus more on loans with PSL benefit to reduce borrowing cost, says CEO Sudipta Roy
The company will be launching new products in Q1FY27 as part of the Lakshya 31. These products will be mixed of secured and unsecured, Roy said.
BUSINESS
Union Bank of India’s RAM segment to grow 10-15% in FY26, says ED Nitesh Rajan
Ranjan said that the bank have sanctions of around Rs 1500-2000 crore to two to three electric vehicle manufacturing.
BUSINESS
ICICI Bank's corporate loan book declines sequentially on competitive pricing, seasonal factors
Net interest margins of the bank will compress further in the next quarter from 4.34 percent in the current quarter, Batra said.
BUSINESS
South India Bank to face pressure on NIMs amid RBI’s rate cut: CEO Seshadri
The bank expect majority of growth coming from retail, loan against property, housing, MSME business in upcoming quarters, which will help bank to grow advances book by more than 12 percent, Seshadri said.
BUSINESS
Indian Overseas Bank to launch Rs 4,000-cr QIP in tranches in Q3, says CEO
Post the QIP, the shareholdings of government in the bank will reduce to 90 percent, from current 94.81 percent as on June 30, 2025, Srivastava said.
BUSINESS
Private bank CEOs see muted salary hikes in FY25, Kotak Bank CEO drew highest pay
The combined take home salaries of top 10 state-owned banks chief stood at Rs 5.13 crore in FY25, less than half of HDFC Bank CEO's take home pay.
BUSINESS
RBI’s liquidity absorption via VRRR auction narrows funds with SDF to Rs 1 lakh crore
The central bank has so far absorbed Rs 4.91 lakh crore from the banking system through VRRR auction. Apart from falling funds in the SDF, the overall surplus liquidity in the banking system has narrowed to around Rs 3 lakh crore, from over Rs 4 lakh crore in the start of July.
