Banking News

IBC helps improving health of Indian banking sector: FM Nirmala Sitharaman

Banks have recovered a total of Rs 1,04,099 crore through various channels, and out of the total amount, the IBC channel alone contributed a significant Rs 54,528 crore, accounting for 52.3 per cent of the total recoveries, she said.

Sammaan Capital will be the largest value creation exercise that happened, says MD & CEO Gagan Banga

Banga is clear that he will stay away from the earlier aspirations of becoming a bank and add Rs 20,000 crore of assets organically every year

Hospital pricing opacity, lack of standardisation hurting health policyholders: Universal Sompo General Insurance MD Sharad Mathur

A key contributor to medical inflation is not treatment quality but the increasing 'ambience' and luxury in hospitals, Mathur tells Moneycontrol

IRDAI grants 12-month relief for IFRS, RBC rollout to all insurers

The regulator, at its 135th Authority meeting held on March 30, approved amendments mandating insurers to prepare financial statements under Ind AS from April 1, 2026, but allowed a one-year regulatory forbearance for companies unable to immediately comply with the new framework.

Are banks closed or open on April 1? Check full April holiday list

This annual closing is a critical reset point for the banking ecosystem. It ensures accuracy in financial reporting, compliance with regulatory norms, and a smooth transition into the new financial year

April MPC meet: Why the rate-setters may opt for a cautious pause this time

In the backdrop of the Iran–Israel–US war, the RBI’s policy team faces a tough challenge

No hurry in Sashi’s reappointment, supported him in 2023, Atanu Chakraborty, ex-chairman, HDFC Bank

A director should gel well with  criticism by an independent director who is supposed to ask tough questions

Continued involuntary separation of many senior-execs highlighted incongruence in values & ethics: Atanu Chakraborty, ex-chairman, HDFC Bank

In case of Indigo, independent directors were blamed. Today, I'm being blamed for being intrusive, asking questions is not interference, says Chakraborty.

Couldn’t have worded the resignation letter any differently, says former HDFC chairman Atanu Chakraborty

Bank must contribute to economy by providing credit growth in the right areas and support government schemes, Chakraborty tells Moneycontrol

Monetary policy cycle may turn in FY27 with likely RBI rate hike pivot

If elevated global energy prices persist beyond a quarter or if global food inflation spikes sharply, the probability of an early rate hike by the RBI increases 

Rupee crosses 95 per dollar despite RBI’s cap on banks' forex positions

The rupee fell to a fresh record low on the last trading day of the financial year, as importers took advantage of the rise in the currency

General insurers seek 1-year extension to April 2027 for IFRS, RBC rollout

While some insurers believe they can operationalise the transition within a shorter timeframe, the industry has collectively opted to seek a longer buffer. 

Bond yields steady as government surprises with lower-than-expected H1 borrowing

The benchmark 10-year bond yield was trading at 6.9451%; the rupee gains 1.3%

Rupee opens 130 paise higher against dollar at 93.59 on RBI directive to curb speculation

The RBI has directed all banks to limit their net open position on the Indian currency to $100 million

Banking Central | RBI has a message for payments industry

The RBI’s proposed blueprint, which includes strengthening of anti-fraud measures, indicates deeper regulatory changes are on the way

RBI caps net open positions for USD/INR currency pair at $100 million

RBI move comes after rupee hits all-time low of Rs 94.84 to the dollar on March 27

PSU banks better placed in near-term on loan growth, says DSP Mutual Fund’s Preethi RS

DSP Mutual Fund’s Preethi RS says public sector banks are better positioned to sustain credit growth in the near term

What IRDAI’s Public Insurance Registry aims to fix 

The Public Insurance Registry is still in the design and consultation stage, with discussions ongoing between the regulator and industry stakeholders

OPINION | Vault Matters: Indian banks are going through intangible pain which might be worse than AQR

The difference between an asset quality issue, and governance and process-related issues are that the former can be quantified, and at some point, doubts can be put to rest. In case of the latter, that is almost impossible

IRDAI’s Public Insurance Registry may bring ‘CIBIL-like’ scores, reshape underwriting

At the heart of the initiative is an industry-wide scoring system that assigns risk profiles based on claims history, fraud markers and behavioural patterns

India rupee falls to fresh low after crude oil price worries, bond yield spike

Oil marketing companies were seen buying the dollar to hedge their positions, traders say

Bond yields jump 6 basis points as crude remains above $100

The benchmark 10-year bond yield was trading at 6.93 percent on March 27 as Iran and crude worries weighed on sentiment

Rupee opens 30 paise lower at Rs 94.28, sinks to new low over crude, Iran worries

The rupee has depreciated more than 3 percent since the start of the war on February 28

CCI okays Japan's MUFG Bank proposal to acquire stake in Shriram Finance

MUFG Bank is a banking institution and is part of Mitsubishi UFJ Financial Group. In India, MUFG Bank provides corporate banking loans, deposit accounts, remittances, trade finance, bank guarantees, and hedging.

New insurance accounting rules from April 1: What Ind AS shift means for insurers, policyholders

The changes may significantly alter actuarial calculations, profit recognition, and balance sheets for insurers, even as policyholder contracts themselves remain unaffected

RBI seeks details of board meetings from HDFC Bank

While calling for board minutes and recordings of proceedings is typically a procedural step, sources say the intent in this case is to corroborate information provided by Atanu Chakraborty, the bank’s former part-time chairman, by examining the minutes of meetings.

What does the latest microfinance sector data tell us?

Active borrowers are down to 685 lakhs, a 12 per cent decline over the last year. Loan accounts have fallen by 23 per cent.

Most bank and NBFC deal stocks now trade at or below offer price

An analysis by Moneycontrol shows that most BFSI stocks involved in deals in 2025 have not been able to trade well above their respective offer prices

IRDAI expected to examine ‘dark patterns’ as survey flags widespread use on insurance platforms

Survey finds over 80% users faced manipulative design practices; interface interference most common

Insurance regulator under scrutiny as NHRC flags policy denial to differently-abled

The NHRC has directed IRDAI to respond within a stipulated timeline, a move that could push the regulator to revisit existing norms

War risk insurance premium for ships surges up to 7.5% as conflict intensifies

Premiums have climbed sharply to 1-1.5% in many high-risk regions, and in extreme cases have surged to 3-7.5% of a ship’s value

Bond yields edge up to 6.855% as Trump’s five-day pause relief fades

Overall sentiment is still on edge as oil prices remain elevated despite the fall following Trump's talk of peace deal

Rupee opens 34 paise higher at Rs 93.64 as oil cools on Turmp's peace talk

The rupee rebounds from an all-time low of Rs 93.98 the previous day after US President Donald Trump puts off Iran strikes and talks of a peace deal

Will the new credit guarantee scheme strengthen the MFI ecosystem?

While earnings are bottoming out, sustainable growth and steady credit cost could follow with tighter underwriting and extended credit guarantee

RBI explores CBDC ties with 4-5 nations to boost cross-border payments: Report

The proposed framework is expected to cover both wholesale and retail transactions.

HDFC Bank appoints external law firms to review ex-chairman Atanu Chakraborty's resignation

The bank said Chakraborty "did not mention any happenings or practices that were not in congruence with his personal values and ethics," adding that "no other material reasons" were indicated beyond those already disclosed.

IRDAI likely to grant one-year extension to HDFC Life CEO Vibha Padalkar because of tenure norms

Sources said the proposed extension is likely from September 2026

HDFC Bank reviewing whistleblower complaints received since 2024

The move comes after last week's resignation of former part-time chairman Atanu Chakraborty and sacking for three senior executives linked to the alleged mis-selling of Credit Suisse's AT-1 bonds

FY27 will be a do-or-die year for AI transformation: Rajeev Jain, VC & MD, Bajaj Finance

Bajaj Finance has 10 AI Voice BOTs which have replaced 1,500 calling agents, giving a net save of 30%. "But we are a regulated business and we will always need people. People will always be needed in underwriting and debt management," Jain said.

Want Bajaj Finance to be known as a tech leader in finance business, says Rajeev Jain

'I don't think building a financial services business without technology is even feasible from a resilience, sustainability, scalability, and growth perspective,' the Bajaj Finance managing director tells Moneycontrol

Bajaj Finance’s payments biz to breakeven by FY29: Rajeev Jain, VC & MD

Stating that a plain strategy of cross-sell will never make money, Jain is clear that he won’t burn Rs 1,500 crore every year in the payments biz just to sustain it.

OPINION | Vault Matters: There are times when dissent and discord in India Inc are good 

Whether it is the ongoing drama at Tata Sons or the one which has started unfolding at HDFC Bank, the person perceived as ‘someone’s man’ is turning out to be the kingpin. In the near-term, such ego wars may delay decision making. But these battles are essential for the long-term good. One gets to know who runs the company – its management or the board

Banking Central | Microfinance stress is a warning sign the economy can’t ignore

Falling borrowers, rising delinquencies and bigger loans point to a fragile bottom of the pyramid

Indian bonds fall 7 bps on crude worries, traders await RBI action

The benchmark 10-year bond yield was trading at 6.8027 percent on March 23

Indian rupee falls to fresh record low of Rs 93.84, traders eye RBI action

The local currency was trading 10 paise lower on March 23, after losing nearly 100 paise in the previous session

OPINION | Governance lessons from l’affaire HDFC Bank

Leadership exits cannot afford to be ambiguous. Clarity, responsibility, and accountability are essential to maintaining trust 

Govt may use OFS route to boost public shareholding in IDBI Bank: Report

IDBI Bank News: The proposed sale of a 60.72 % majority stake, held jointly by the government and the LIC, was scrapped after financial bids from two potential buyers reportedly fell short of the reserve price.

Kotak Mahindra Bank's subsidiary to sell stake in Infina Finance for Rs 1,293.91 crore

The stake sale will be executed in multiple tranches involving different investors. KMCC will transfer 2,17,899 equity shares, representing 9.90% of Infina’s share capital, to Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited for a combined consideration of Rs 413.35 crore.

HDFC Bank asks 3 senior executives to leave over 'mis-selling' of Credit Suisse AT1 bonds

Sampath Kumar, Group Head of Branch Banking at HDFC, is among the three executives asked to leave

RBI may adopt wait-and-watch mode for FX interventions, even as rupee hits lifetime low: Experts

On March 20, the rupee touched a lifetime low of Rs 93.76 to the dollar, surpassing its previous record low of Rs 92.63 per dollar.