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Managing director and CEO Srikrishnan Hari Hara Sarma resigned on June 29 and the resignation takes effect from July 15
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RBI evaluates impact to NPAs and capital adequacy based on macroeconomic stresses under two scenarios. But surely it also needs to stress-test them against an increased demand for wholesale credit from industry and infrastructure. Even on interest rate risk management banks seem to be dependent on benign regulatory forbearance
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Over 91% of SIDBI’s Rs 4.96 lakh crore loan book is through banks and NBFCs, helping it post Rs 4,811 crore profit in FY25 with zero net NPAs. Despite growing profits and income, rising borrowing costs squeezed margins, but low risks kept returns stable.
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The dollar index, which measures the American currency against a basket of currencies, fell to 97.38 from the previous day's close of 97.55
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ICICI Lombard, HDFC Ergo see double-digit drop in monthly premiums, while New India Assurance and other PSUs post strong growth
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Despite the legal requirement, many drivers remain unaware of such coverage, and even those who are aware often lack access to formal policy documents or clear instructions on how to make a claim, say experts.
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Donald Trump has said he plans to set a 50 percent tariff on copper imports and has threatened a much higher rate on pharmaceuticals, which will kick in after a year
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The first quarter metrics won’t stretch to the rest of the year for NBFCs
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NBFCs drive securitisation to Rs 49,000 crore but microfinance and smaller players falter
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Legacy banks must reinvent to meet Gen Z’s expectations for fast, frictionless, and mobile-first financial experiences. Challenger banks are setting the pace, and incumbents must adapt or risk losing relevance
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In theory, this could fuel demand-pull inflation, as more money chases goods and services. The RBI, however, is playing a cautious game.
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Microfinance misadventures have shown up as a big contraction in the loan book for Q1Highlights:
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There has been greater pressure on banks' NIMs due to a downward repricing of External Benchmark Lending Rates amid front loading of rate cuts by the Reserve Bank of India in the last three monetary policies
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On June 30, the DGCA had flagged concerns over Air India’s interim payouts falling short of international compensation standards.
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The local currency, which opened at 85.5837 against the US dollar, fell to 86.0038 against the US dollar during the afternoon trade
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Sources say major private equity funds have shown interest in picking up a significant minority interest in the company to begin with. They may make a bid to take controlling interest after three years from the date of initial investment.
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Life insurers’ new business premiums rose 8.4% in April and 13% in May; non-life GDPI up over 10% in April–May, Star Health, ICICI Lombard, Bajaj Allianz set to post 8–20% growth in Q1 FY26
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The lenders have been told not to keep the accounts running if they are not being used as they could be misused
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The United States is from today expected to send out letters to trading partners informing them of higher tariffs, which will now kick in from August 1
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The link between lower rates and credit growth isn’t always straightforward. While cheaper loans are enticing, several factors could temper their impact. For one, consumer sentiment remains cautious.
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As investigators probe the cause of the blast, Moneycontrol explains the insurance mechanisms in place and how compensation will be processed.
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RBI had announced extension of market trading timings of call money and repo and TREPs on June 25. The effective date of extension was set on July 1.
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In the last few quarters, banks have been struggling with deposit mobilisation, especially on the CASA front, due to unattractive interest rates for depositors as other financial products offered greater returns.
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Currently, the liquidity in the banking system is in surplus of around Rs 4.04 lakh crore as on July 3, as per RBI’s data.
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On July 3, HDFC Bank’s CEO had approached the Supreme Court seeking to quash the FIR registered by Lilavati Medical Trust.
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On July 2, the Reserve Bank of India (RBI) has asked banks and non-banking financial companies (NBFCs) to not charge any prepayment penalty on floating rate loans to micro and small enterprises (MSEs), sanctioned or renewed from January 1, 2026.
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Given the complexity of business and accounting practices, and the growing list of interested stakeholders, it is critical that we reset the objective of statutory audit. It should rise above the customary tick mark with a lilac pen and a documents compilation process
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Dollar index, which measures the American currency against a basket of currencies, stood at 97.037 in the early morning trade
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RBI’s unique borrower identifier promises to streamline credit access but raises concerns about data security and equitable implementation.
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On July 1, Moneycontrol had reported that the RBI will conduct more variable rate reverse repo (VRRR) auctions to remove excess funds from the banking system and maintain liquidity at 1 percent of net demand and time liabilities (NDTL).
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Investigation must prove the deceased was not at fault, through police chargesheet, eyewitness accounts, expert reports, and absence of negligence, to claim compensation, say legal experts
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The funds are likely to be utilised for absorbing incremental credit costs owing to the merger of Tata Motors Finance with Tata Capital.
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Money market experts said that short-term rates may come down further after the phased cash reserve ratio cut from September.
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This tool enables banks, NBFCs, and UPI platforms to take preemptive steps by focusing their attention on mobile numbers with high-risk indicators.
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Stronger equity markets and softer oil prices also support currency.
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Trump's announcement of a trade deal with Vietnam has raised hopes of India and the US reaching a similar arrangement before July 9
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MSME credit is the silver lining in bank loan growth, growing at 14.6 percent in May
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In a circular, the Reserve Bank said the availability of easy and affordable financing to micro and small enterprises (MSEs) is of paramount importance.
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The total premium of life insurance companies have grown at 10 percent CAGR in last five years, according to the press release.
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The Centre has been nudging IRDAI to scale up inspections of insurance companies and penalise those flouting norms, particularly in the health insurance segment
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Tariff worries as July 9 looms weigh on sentiment even as India and the US make a final push to seal a mini-deal
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Experts said that the domestic currency is likely to trade in the range of 85.25 to 86.25 against the US dollar in next few months as geopolitical tensions wanes
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On July 1, Saraswat Co-operative Bank has announced its intent to merge crisis-riden New India Co-operative Bank.
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India's microfinance sector teeters between recovery and ruin as NPAs soar to over Rs 55,000 crore, testing the resilience of microlenders
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The voluntarily amalgamation subject to approval of shareholders of both banks. Saraswat Co-operative Bank will be taking over all the assets and liabilities of New India Cooperative Bank, post-merger.
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Expectations for additional VRRR auctions rose after the liquidity in the banking system remained in huge surplus despite the central bank last week conducting a VRRR auction to remove excess liquidity.
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Bank of Maharashtra has the highest number of 8 vacant posts, followed by 7 each in Bank of India, Punjab & Sind Bank, and State Bank of India. Union Bank of India has the MD & CEO position vacant since June 3, 2025.
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Karnataka Bank’s CEO and Executive Director step down citing personal reasons, but governance-related concerns and board-level differences are also in focus.
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Dollar index, which measures the American currency against a basket of currencies, fell to 96.734 in the early morning trade, as compared to 96.875 in the previous trading session.
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Schedule commercial continued to record improvement in their asset quality, with the gross NPA ratio and net NPA ratio declining to multi-decadal lows of 2.3 per cent and 0.5 per cent, respectively.
