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.
BUSINESS
Will RBI go for a 25 bps cut? Five factors to track in the October MPC review
Barclays said in a note that after a neutral pause in August, it sees the RBI MPC cutting policy repo rate by 25 bps on October 1, acknowledging that it is a close call versus a scenario of a dovish pause followed by a December cut.
BUSINESS
Bankers don't see fresh liquidity measures by RBI at the October MPC review
Currently, the liquidity in the banking system is in surplus of around Rs 55,005.69 crore as on September 29, according to RBI’s data.
BUSINESS
HDFC Bank’s Parag Rao superannuates this week; portfolio to be spilt into smaller functions
The bank has a superannuation policy of 60 years for its employees, though exceptions are said to be have been made on a case-to-case basis
BUSINESS
Would it benefit the economy if RBI surprises market with a rate cut in October policy?
The MPC meeting which has started on September 29, will deliver its decision on the rate action on October 1.
BUSINESS
This year, priority is smooth merger integration, before we accelerate loan growth again: Tata Capital's Rajiv Sabharwal
Going forward, the board will decide the best way to raise money, be it through rights issues or other routes, Sabharwal said.
BUSINESS
Best for RBI to save the bullet on rate action, says ANZ Research's Dhiraj Nim
The MPC, which has cut rates by 100 bps this year, is expected to hold the rates on October 1, a Moneycontrol poll of economist, fund managers and treasury heads has said
BUSINESS
RBI MPC meet today: Will rate panel go for a cut amid growth uncertainty?
Moneycontrol had earlier reported that bankers have ruled out a rate cut in the upcoming monetary policy review but they do expect one more cut in the current fiscal
BUSINESS
Groww grabs double-digit share in public issue of three bonds within few months of debut
Currently, Groww platform has an active bond subscription open for Edelweiss Financial Services, which will end on October 16.
BUSINESS
RBI skips dollar purchases in July for first time in over a decade as rupee pressure mounts
India’s foreign exchange reserves were down $10.87 billion at $688.871 billion on August 1. On July 4, they stood at $699.736
BANKING
Financial institutions must maintain strong balance sheet to fund infra investments: Sitharaman
Sitharaman said state-owned banks need to engage proactively with NBFCs on co-lending for priority sector lending to enhance credit flow to the underserved sectors
BUSINESS
MPC Poll | RBI likely to hold rates in October amid growth comfort, GST reforms impact eyed
The MPC,which meets from September 29 and October 1, has reduced the benchmark repo rate by 100 basis points since February
BUSINESS
RBI Bulletin: Private banks sees faster decline in weighted average lending rate than PSU banks
The weighted average lending rate on fresh and outstanding rupee loans of scheduled commercial banks declined by 53 bps and 49 bps, respectively, in the current easing phase.
BUSINESS
RBI Bulletin: GST reforms to result in gains in ease of doing business, strengthening of consumption
RBI says GST reforms will boost ease of doing business, cut prices, and spur consumption, with MSMEs and startups set to gain from simplified rules.
BUSINESS
Mumbai Police EOW records statement of IndusInd Bank's ex-CEO Sumant Kathpalia in accounting lapses probe
This is the third such statement recorded by the Mumbai Police's EOW in this week. Prior to this, the police have recorded the statement of former IndusInd Bank Chief Financial Officer (CFO) Gobind Jain, and Deputy CEO Arun Khurana, this week.
