Banking

CBI court convicts former PNB officials, others for bank fraud

The court sentenced retired Assistant General Manager Gurinder Singh, retired Chief Manager KGCS Iyer and retired Senior Manager K E Surendranath to two years of rigorous imprisonment and imposed a fine of Rs 1 lakh on each of them, said a CBI release.

RBI aims to cut auction turnaround time, strengthen govt securities market price transparency

The RBI has outlined to assess customer service in scheduled commercial banks and to cover grievance escalation across all regulated entities to accelerate grievance redressal and empower customers, according to a release.

India to push for reporting of offshore rupee trades despite resistance, sources say

The RBI wants lenders to start sharing data on at least 70% of such derivative transactions, starting February 2027.

Avendus Wealth CIO Saurabh Rungta to step down; second big exit this month

Rungta’s is the second senior person to leave in April after the parent, Avendus Capital, sealed a deal with Japanese investment bank Mizuho Securities

Banks have unwound arbitrage trades of up to $40 billion, ahead of today's deadline: Treasury officials

There are currently no open positions in the NDF market for banks, according to a private bank treasury dealer

Bonds steady ahead of debt auction, crude in focus

The benchmark 10-year bond yield was trading at 6.9625 percent on April 10 

Rupee opens 10 paise higher at 92.57 against dollar, RBI deadline looms

The RBI's deadline to unwind arbitrage bets by banks ends today

CBI registers FIR in Rs 550 crore IDFC First Bank embezzlement case

Role of a Chandigarh-based hotelier, involved in construction of real estate projects in the Tricity (Chandigarh-Mohali-Panchkula), and AU Small Finance Bank is also under the scanner.

RBI ask banks to speed up inward foreign payments with faster alerts, one-hour reconciliation

RBI has mandated banks to inform customers immediately once a payment is made into their accounts, as per a notification.

RBI mulls delay for high-value digital transactions, payments by senior citizens to curb online fraud

The ​RBI suggested a mechanism involving a provisional debit from the customer's account during the lag period, with an alert if the transactions appear suspicious.

Why ‘too big to fail’ insurers matter and how IRDAI classifies D-SIIs

IRDAI reviews and tags systemically important insurers every year to ringfence financial stability, given their size, government backing and market dominance

Private insurers lead March provisional numbers; general insurance premiums rise 8.78 percent to Rs 28,921 crore

General insurance industry closed March on a steady note, with private sector players continuing to outpace public insurers in growth, even as the overall market expanded in high single digits

HDFC Bank’s NRC may deliberate on new chairman on April 17, Jagdishan's reappointment not on agenda yet

While the HDFC Bank board seems to favour an extension for MD and CEO Sashidhar Jagdishan, the NRC is expected to make a recommendation only by the end of April

SBI overtakes ICICI Bank to become India's No.2 lender by market cap in Q4

The broader banking sector saw widespread pressure, with 18 of the 20 largest listed banks witnessing a decline in market capitalisation

Depositors in HDFC Bank, Kotak, IDFC First may have earned more than investors over 5 years

The gap in performance between these three private banks and their peers' points to the factors driving their relative underperformance

Bond yields rise 4 basis points as Brent moves up over ceasefire worries

The benchmark 10-year yield was trading at 6.9355 percent on April 9

Rupee opens 8 paise lower to Rs 92.66 after crude prices recoup losses

Brent crude prices rose 2 percent, after plunging more than 10 percent in the previous session

RBI proposes bank boards focus more on policy than daily operations

The move follows recent tensions at HDFC Bank, the country's largest private lender, whose chairman resigned abruptly, citing differences over "values and ethics."

RBI decides to do away with investment fluctuation reserve requirements for banks

Banks currently maintain IFR as an additional buffer against depreciation in the value of their investments, subject to mark-to-market (MTM) requirements.

RBI to simplify onboarding process for MSMEs on TReDS platforms

The TReDS platform will bring participants together for facilitating uploading, accepting, discounting, and settlement of the invoices/bills of sellers, according to draft directions for ‘Trade Receivables Discounting System’, on which the central bank has invited comments by May 1.

Bank NPAs decline to 2%, no systemic hit due to Middle East conflict: RBI

As on March 15, 2026, public sector banks accounted for the largest share of incremental credit year-on-year.

RBI MPC Analysis: Show me the growth, RBI Governor’s loud message to banks & NBFCs

Sanjay Malhotra’s speech and address to media reiterated his confidence that the revised GDP estimates shouldn’t be a tough task to achieve, provided the West Asian region no longer remains a crisis zone.

RBI aligns bank capital norms with NBFCs, reviews IFR framework: Governor Sanjay Malhotra

On the proposed changes to the computation linked to capital adequacy, Malhotra said the move does not alter how net profit is calculated but refines the assessment of capital, making it “a better reflection of the capital that the banks have"

RBI to come out with new NBFC framework amid lack of clarity on Tata Sons' listing

As per the existing rules from the RBI, Tata Sons, a core investment company, should have been listed by September 30 last year because it is included in a set of 15 entities in the upper layer bracket. Barring Tata Sons, all other entities have complied with the provision.

Japan's MUFG Bank acquires 20% stake for Rs 39,618 crore in Shriram Finance

The investment has been undertaken after obtaining all requisite regulatory and statutory approvals, including approval from the Competition Commission of India.

Curbs on offshore NDF market a temporary move, says RBI governor Sanjay Malhotra

Such measures are taken when there is excessive volatility. They don’t signal any structural change and won’t remain there forever, Malhotra has said

RBI eases capital norms; plans to relax profit inclusion rules, scrap IFR

The RBI proposes to relax CRAR computation rules by removing NPA limits for quarterly profit inclusion

RBI to monitor excess volatility in forex markets, says governor Sanjay Malhotra

Intervention in the forex market aimed to smooth excessive and disruptive volatility, Malhotra said

RBI proposes simpler TReDS onboarding to help MSMEs access funds faster

In his policy statement, Malhotra said the central bank now proposes to dispense with the requirement for due diligence of MSMEs at the time of onboarding onto TReDS platforms

RBI widens term money market access, raises borrowing limits for primary dealers

An active term money market plays a critical role in linking the overnight money market with longer-term interest rates, improving the transmission of policy signals across the financial system, governor Sanjay Malhotra has said

RBI to rationalise agenda of bank boards, shift focus to strategy and risk: Governor Sanjay Malhotra

Draft directions detailing the revised framework will be released shortly for public consultation, the central bank has said

Indian bonds rise on Brent crude price plunge; RBI stays pat on interest rates

The benchmark 10-year bond yield was trading at 6.9206 percent on April 8

After master directions, RBI turns focus to supervisory consolidation

The central bank has published draft 64 Master Directions covering supervisory instructions across multiple functional areas

Rupee holds on to US-Iran ceasefire gains, steady at 92.63 after RBI maintains status quo

The Reserve Bank of India raised inflation forecast for Q1 and 2 due to West Asia war

RBI lifts FY26 GDP growth estimate to 7.6%, sees FY27 slowing to 6.9%

RBI Governor Sanjay Malhotra says growth momentum remained strong before March, but rising energy prices and geopolitical tensions pose risks

US-Iran ceasefire: Rupee unlikely to snap back to 90 against dollar

The rupee, which has been falling to new lows and deprecated 4.5 percent since February 28, was Asia’s worst-performing currency in FY26

Bond yields dive 10 bps on US-Iran ceasefire announcement, all eyes now on RBI policy

The benchmark 10-year bond yield was trading at 6.9359 percent on April 8

Rupee opens 40 paise higher at Rs 92.64 per dollar on Iran ceasefire as traders eye RBI policy meet

Trump announced late on Tuesday that he had agreed to a two-week ceasefire with Iran

Govt likely to invite fresh bids from two potential buyers for IDBI Bank: Report

Sources said the government has now restarted efforts to take the IDBI Bank strategic sale to a logical conclusion.

Will the RBI hold rates? 5 things to look out for this April MPC 

The first MPC meeting in FY27, on April 8, will see policymakers announce full-year projections for growth and inflation, at a time when the war in West Asia is going full throttle 

OPINION | Monetary policy may opt for status quo on interest rates

West Asian conflict has imparted a significant level of uncertainty to the economic environment. It may persuade MPC to wait and watch, while RBI uses it liquidity tools to prevent hardening of yields 

10-year bond yield jumps 3 bps as crude moves above $110

 The benchmark 10-year bond yield was trading at 7.0758 percent on April 7 

Rupee opens 6 paise higher at 93 against dollar, RBI policy awaited

Market participants await RBI's April 8 policy decision, FY27 inflation and growth projections on participants' radar

HDFC Bank AT1 controversy reignites fears over high-risk perpetual bonds

AT1 bonds, once peddled as safe high-yield substitutes for fixed deposits, have once again become the villain for Indian investors, as HDFC Bank’s fresh controversy revives painful memories of sudden capital wipeouts

RBI likely to re-introduce FCNR-B deposit route in upcoming policy review to stem rupee fall 

The RBI may bring back a 2013 strategy to shore up forex reserves and ease currency pressure

MC Analysis | RBI faces a double-edged sword in its upcoming monetary policy review 

The RBI faces challenges in its crude price and rupee assumptions ever since the war in West Asia broke out in late February. 

Vinay Tonse takes charge as MD & CEO of Yes Bank

Vijay Tonse has taken charge as Managing Director & Chief Executive Officer of the bank with effect from April 6 on such terms and conditions, including remuneration, as approved by Reserve Bank of India and subject to the approval of the shareholders, Yes Bank said in a statement

Vinay M Tonse lays out four-pillar growth blueprint for YES Bank as he takes charge as CEO

In his first statement after taking over, Tonse emphasised that the bank would prioritise talent development and employee engagement, while strengthening customer-centric product offerings to align with evolving market needs

HDFC Bank may leave Bhavesh Zaveri’s board seat vacant for now

Bhavesh Zaveri is set to retire on April 12. Chief credit officer Jimmy Tata was earlier seen as Zaveri’s replacement on the board