BUSINESS
IndusInd Bank in process to take steps to assess roles, fixing staff accountability
Mehta said bank will submit the recommendation of chief executive officers (CEO) names to the Reserve Bank of India (RBI) by June 30.
BUSINESS
PFC to raise 15-20% of Rs 1.4 lakh crore via overseas market in FY26: Chairman Parminder Chopra
The company will raise the funds from overseas market through bonds and syndicated loans, Chopra said.
BUSINESS
PFC flags Gensol loan as fraud over undelivered electric vehicles
PFC invoked bank guarantees and recovered Rs 44 crore, covering payments made for vehicles that were never delivered. The current outstanding dues from Gensol amount to Rs 263 crore.
BUSINESS
MC Interview| Samena Capital commits Rs 500 crore for UGRO Capital's preferential allotment
The board of directors of UGRO Capital on May 20 approved the fund raising of Rs 400 crore through issuance of equity shares by way of rights issue and Rs 914.30 crore via issuance of unsecured compulsorily convertible debentures (CCDs).
BUSINESS
For banks, arbitrage in TREPS market is opening doors to an easy money route
After the first rate cut, banks enjoyed 10 -33 bps increase in treasury income due to the arbitrage in TREPS market, while after the second rate cut, the arbitrage shrunk a bit to 10-18 bps.
BUSINESS
Lenders flag off on draft gold loan guidelines to RBI
According to the RBI’s draft guidelines, lenders have to include appropriate single borrower limits and sectoral limits for loan portfolio against gold collateral, mechanisms to ensure end-use of loans, LTV ratio, valuation standards, and standards of gold purity.
BUSINESS
Disinflation may temper FPI flows into Indian bonds
Local bond yields trending lower is a disincentive for foreign investors as it narrows the spread between Indian and home market bonds, and usually leads to outflows
BUSINESS
Narrow India, US bond yield spread may cap FPI investment in Indian bonds
SEBI’s easing guidelines for FPIs may not spur demand in the short run, but easing macroeconomic conditions may give some comfort to these investors
BUSINESS
Easing retail inflation helps Indian bonds to trade below 6.30%
India's retail inflation slowed to 3.16 percent in April from 3.34 percent in March. It is the lowest year-on-year inflation since July 2019, the government said in a statement.
BUSINESS
States’ borrowing cost via bonds hits over four-year low on RBI rate cuts, strong demand
In the last few months, especially after the start of rate cuts by the RBI, the yield on state government bonds fell by around 47 basis points, and the yield on government securities eased by around 40 bps.
BUSINESS
Jio Credit raises Rs 1,000 crore via maiden bond issue at 7.19% coupon
Source said that the company decided to issue the after the rate cuts by the Reserve Bank of India (RBI) to avail the lower rates from the market.
BUSINESS
Improving CASA share may be challenging this fiscal, says Canara Bank CEO
K. Satyanarayana Raju, MD and CEO of Canara Bank, said in an interview with Moneycontrol that the yield on corporate loans is likely to ease by 10–15 basis points in the coming months due to the RBI rate cut.
BUSINESS
Bank of Baroda plans to scale up all subsidiaries before listing, says MD and CEO
Bank of Baroda holds 64.98 percent stake in the IndiaFirst Life Insurance and has a shareholding of over 98 percent in Nainital Bank.
BUSINESS
BoB World app's new version coming this fiscal, says MD and CEO, as the lender steps up on digital banking
There are 3.27 crore users on the BoB World mobile application as on March 31, 2025, an increase of seven percent from FY24.
BUSINESS
There is room to grow on high-yielding products: BoB chief Debadatta Chand
Given the opportunity, the bank can take more risks on its books in personal loans, non-mortgage-based retail loans, loan against property and auto loan, Chand explained.
BUSINESS
CoC likely to join JSW Steel in seeking review of Supreme Court’s Bhushan Steel verdict
JSW Steel is expected to file a review petition within 30 days from the judgment and the only possible remedy for lenders is to join the company in appealing the verdict
BUSINESS
PSU banks step up branch review for adequate cash, safety guidelines
An official with a large PSU bank said the lender has stepped up cybersecurity and asked employees to not click any unauthorised links and report it to the IT department
BUSINESS
Rupee recovers in afternoon trade on likely RBI intervention
“RBI has been selling dollars in the spot market since morning to avoid sharp depreciation in rupee,” one dealer with a state-owned bank said.
BUSINESS
IndusInd Bank’s CD yields 10-15 bps higher in secondary market amid uncertainty
According to the Clearing Corporation of India (CCIL) data, traded yield on the IndusInd Bank CDs were in the range of 6.52 percent to 6.95 percent, as compared to 5.89-6.95 percent for private peers, and 5.70-6.70 percent for PSU banks.
BUSINESS
Canara Bank expects pressure on NIMs in FY26 due to expectation of more rate cuts: CEO
The bank has given the NIM guidance of 2.75-2.80 percent for the financial year 2025-26.
BUSINESS
SBI, Bank of Baroda bid in most OMOs since January, received major liquidity support
The central bank has infused Rs 4.15 lakh crore through OMO auctions into the banking system, infused via 12 auctions starting January 30 till May 6, with more lined up later this month.
BUSINESS
PNB-led CoC of Bhushan Power to meet in 2-3 days to decide on future course of action: CEO Ashok Chandra
During the post earnings call, Chandra also mentioned that the bank has received Rs 3,000 crore from the JSW Steel after the resolution.
BUSINESS
T-Bill cut-off yield at 5.87% across maturities thanks to RBI’s durable liquidity
Experts said that the fall in yield on the treasury bills is expected to help reduce pricing of other money market instruments. This may help corporates and banks by way of lower borrowing cost.
BUSINESS
RBI likely to announce Rs 2.5-3 trillion dividend transfer to government today
The RBI is likely to announce dividend transfer today. Last year, the central bank transferred Rs 2.1 lakh crore. The Centre expects to receive Rs 2.56 lakh crore from the RBI and public sector banks in FY26, finance minister Nirmala Sitharaman said in her Budget speech
