Banking News

However, even with the new corporate product, BimaPay remains a retail-first business, CEO Hanut Mehta says

Chart of the Day | How movement in food inflation influenced RBI rate cuts in last 5 years

While lower food inflation often creates room for rate cuts, the correlation is not absolute

RBI to continue with liquidity infusion, may announce longer tenure Variable Rate Repo

In the last few months, the central bank is infusing durable liquidity to the banking system through open market operations (OMO) purchases and USD/INR Buy/Sell swap auctions.

Rupee weakens over 40 paise in mid-day trade to 85.97 against dollar as outflows weigh

The Indian rupee has been under pressure during the last few sessions due to dollar demand, equity outflows and a drop in the dollar index, currency experts have said.

97.7% bank accounts fully insured, but only 46.3% of deposits covered, shows RBI data

Insured deposits in India rose 7.11 percent year-on-year to reach Rs 96.7 lakh crore as of September 30

Go Digit Life Insurance reports 719% increase in claims payouts, group term category leads surge

In total, Digit Life settled 15,596 claims this fiscal year, up from 602 in FY24

Private insurers surge ahead as public sector struggles; ICRA projects Rs 3.6 lakh crore premiums by FY27

The divergence in financial health, market expansion and profitability metrics underscores a widening gap in sector dynamics, an ICRA report says

Rupee opens16 paise down at 85.75 against dollar on FPI outflows

The Indian rupee has been under pressure in past few sessions due to dollar demand and equity outflows, currency experts have said

MPC meet begins: Another rate cut is priced in. But what next?

The latest economic indicators paint a picture of cautious optimism, but challenges loom

FPIs sell record sum in government bonds this quarter since global index inclusion

Since the announcement, Indian bonds in global indexes have been seeing sharp inflows, but soon after the rate cut cycle begun earlier this year, the differential between India and US narrowed, leading to these investors moving away.

RBI meeting: 3 things to watch for in the credit policy

A rate cut is a given but the RBI's inflation and growth forecast will be closely watched as Trump's July 9 tariff deadline nears

Why RBI must tread with caution on the gold loan rules

The central bank must listen to bankers’ concerns and craft a framework that regulates without alienating

PSBs plan common collection firm to recover small retail, MSME loans: Report

The initiative is being developed through PSB Alliance Pvt Ltd, which will initially work on a proof of concept.

Hinduja Group’s IIHL plans fresh fundraise to hike stake in crisis-hit IndusInd Bank: Report

The move is aimed at increasing the Hinduja Group’s stake in IndusInd Bank, which is currently grappling with an accounting scandal, regulatory scrutiny, and a sharp drop in share prices.

As fiscal consolidation continues in FY26, monetary support will be key to sustaining growth

The RBI dividend sharply lifted durable liquidity to 2.6% of NDTL, though rising cash demand — more about holding than withdrawal — suggests strong rural transactions post-harvest

RBI may go for 'jumbo rate cut' of 50 bps on Friday: SBI research

The report noted that commercial banks’ credit growth slowed to 9.8 per cent as of May 16, 2025, against last year’s growth of 19.5 per cent.

RBI at a crossroads: Will it push the pedal on rate cuts?

The central bank is also expected to slow its liquidity infusion, which it has aggressively done over the past six months, via a cut in its cash reserve ratio (CRR), secondary market debt purchases, foreign exchange swaps, and open market operations (OMOs). Liquidity is now comfortable, but easing of liquidity is a direct sign of an accommodative bent of mind.

Market likely to give high-single digit CAGR return over medium term, says BofA Securities' Amish Shah

India will continue to command a valuation premium over emerging markets because of its superior growth, improving corporate governance, visibility for structural growth and government policies, BofA Securities’ head of research tells Moneycontrol

Mufin Green Finance eyes Rs 1,300-crore AUM by FY26, reduction in exposure to EV mobility

Mufin Green Finance’s solar book expected to grow 16x in 2 years

HDFC ERGO to maintain lean bancassurance exposure, targets above-industry growth in FY26: CEO Anuj Tyagi

Tyagi says, the company will instead bet on its agency network, direct-to-customer rural outreach, and commercial lines

Banking Central | What does Kotak Mahindra Bank’s leadership transition signal to investors?

Ekambaram, after three decades at the bank, will step down this year. Paritosh Kashyap will assume a new role in the bank.

RBI expected to deliver 3rd consecutive rate cut of 25 bps on Friday: Experts

Six-member MPC headed by RBI Governor Sanjay Malhotra also decided to change the stance from neutral to accommodative in its April policy

RBI imposed penalties on 353 banks, other regulated entities during FY25

RBI data showed that as many as 264 penalties amounting to Rs 15.63 crore were imposed on cooperative banks.

Canara Bank abolishes minimum balance requirement for all savings accounts from June 1

The new policy comes into effect from June 1, 2025, and applies to all categories of savings bank accounts, including regular, salary, and NRI accounts.

Kotak Mahindra Bank's deputy MD Shanti Ekambaram to step down on October 31

With the exit of Ekambaram from the bank, it is a total change of guards from the leadership perspective

Government to buy back of 5 bonds worth Rs 25,000 crore on June 5

The auction will take place on June 5 between 10:30 AM and 11:30 AM, and the settlement will take place on June 6.

Vault Matters | The curious case of IndusInd Bank share price

Strangely enough, barring the single day fall on March 11 by over 20 percent, IndusInd Bank’s stock price has held up quite steady despite a barrage of bad news hitting the counter, denying the underlying negative sentiments around the stock. The logic defying price movement certainly warrants Sebi’s attention

Bank holidays in June 2025: Banks across India will remain closed on these days in June - Check city-wise full list

Bank holidays in June 2025: It’s important to keep in mind that bank holidays can vary from one state to another due to local customs and regional observances.

Emirates NBD likely top contender for IDBI Bank stake, DIPAM said to have explored valuations with potential bidders

Dubai-headquartered bank Emirates NBD is willing to shell out $6-7 billion in an all-cash deal for a 61 percent stake in IDBI Bank, Moneycontrol has learnt. This emerged after an informal conversation between DIPAM and potential bidders over valuation for IDBI Bank’s divestment.

Less volatile bond markets eat into primary dealers' earnings as underwriting commissions drop

Primary dealers usually underwrite the government bond auctions against a token of underwriting commission. The fee charged by primary dealers, though small, reflects the sentiment of the market.

Fin Min says draft RBI norms on gold loan should not affect small borrowers, implement from January 2026

The Department of Financial Services has suggested to RBI that the requirements of small gold loan borrowers should not be adversely affected. It also said the norms will be suitable for implementation from January 1, 2026.

MC Exclusive: Forensic audit believed to be underway at Spandana Sphoorty to assess cash position

RBI’s inspection found irregularities in branch cash accounting, triggering a forensic audit. Disbursements were paused across most branches since mid-December, with limited operations now resuming.

RBI annual report | Gold is a standout performer for the central bank in FY25

The RBI’s gold holdings jumped from 822.1 metric tonnes to 879.58 metric tonnes, a 57.48-tonne increase

YES Bank board to consider fundraising on June 3

YES Bank is considering raising capital through the issuance of equity shares, debt securities, or other eligible financial instruments, says a release

Forex gains, interest income from foreign securities helped RBI transfer higher surplus to Centre

On May 23, the RBI Central Board has approved the transfer of Rs 2.69 lakh crores as surplus to the government for the financial year 2024-25.

Customer complaints to RBI Ombudsman rise to 2.96 lakh in FY25

The majority of these complaints were directed against banks, followed by NBFCs, other non-bank system participants, and CIGs

RBI hires 604 in 2024, lowest in four years

This is the fourth year in a row that hirings have dropped. The central bank had hired 882 people in 2023

India's services sector outpaces manufacturing and agriculture in FY25: RBI annual report

This is despite the fact that the total GVA at basic prices rose by 6.4 percent in FY25, down from 8.6 percent in the previous year, signalling a moderation in economic momentum

Currency printing expenditure rises 25% to Rs 6,372.8 crore in FY25: RBI annual report

The central bank had spent Rs 5,101.4 crore to print currency in FY24

India's gold hoard up 7% at 879.59 tonnes in FY25

A combination of fresh purchases, a 30% increase in the price of the precious metal and the depreciation of the rupee against the dollar added to the surge

Bank fraud losses surge three-fold to Rs 36,014 crore in FY25

Public sector banks (PSBs) accounted for the bulk of the losses, while private sector banks reported the highest number of fraud cases, RBI's annual report has said

Counterfeit notes of Rs 500 denomination surged 37% YoY in FY25, shows RBI annual report

The other denominations where fake currency were found were Rs 100 denomination with 51,069 pieces, Rs 200 denomination with 32,660 pieces, and Rs 2000 denomination with 3,508 pieces in 2025, report showed.

Private banks maintain credit momentum but profitability under pressure: RBI Annual Report

While credit growth continued to remain in double-digit in FY25, public sector banks outpaced their private counterparts in expanding credit

Value of retail CBDC in circulation rose 334% in FY25: RBI annual report

The retail CBDC pilot was started on December 1, 2022. The RBI launched the wholesale pilot of CBDC on November 1, 2022 to settle G-Secs trades using the digital rupee.

India leads global real-time payments with 48.5% share in FY25, driven by UPI surge: RBI Annual Report

In March 2025 alone, UPI recorded its record-highest of 19.78 billion transactions, amounting to Rs 24.77 lakh crore in value.

RBI's balance sheet for FY25 expands by 8.2% to Rs 76.25 lakh crore

This marks a significant increase from Rs 70.47 lakh crore in the previous year

RBI annual report bats for dovish monetary policy, cites benign inflation outlook, moderate growth

The monetary policy committee of the RBI started the rate cutting cycle early this year with 25 basis points (Bps) each cut in February and April policy to support growth.

Cooling inflation gives confidence of durable alignment over 12-month horizon: RBI annual report

India's retail inflation slowed to 3.16% in April, the lowest since July 2019. Inflation was at 3.34% in March

Short-term debt gets cheaper due to higher surplus systemic liquidity

Yield on commercial papers (CP) and certificates of deposit (CD) reduced by 30-45 basis points (Bps) in May.

India vital to BofA’s strategy; plans to expand its GPS business in the country

India's rapid evolution of payments infrastructure — a combination of scale, digitisation and regulatory maturity — makes it one of the most sophisticated markets globally, Winnie Chen, head of Asia Pacific Global Payments Solutions at BofA, tells Moneycontrol