Banking News

Rupee gains 11 paise to 90.84 in early trade on softer dollar

RBI action was likely seen to prevent the rupee from falling beyond Rs 91 per dollar

Bond yields ease as higher-than-expected state bond demand boosts sentiment

The benchmark 10-year bond yield was trading at 6.67 percent against previous day’s 6.68 percent

Data Story: Why banks are back as main funding source for firms

NBFCs have lost a big chunk of their share in funding because of higher borrowing costs for themselves.

Rupee almost unchanged at 90.94 against the dollar, likely RBI action eyed

Traders expect the rupee to continue to move in a range-bound manner

India needs more actuaries as it moves to risk-based capital, IFRS convergence, says Irdai chairman Ajay Seth

The shortage of actuarial talent poses a challenge as India strengthens its financial protection architecture and aligns with global regulatory and accounting frameworks, Seth has said

Indian bonds open 1 basis point higher; state government debt fundraising in focus

The benchmark Indian bond yield was trading at 6.7035 percent, as compared to 6.71 percent in the previous session.

Rupee opens 4 paise lower against dollar at 90.92, US tariff uncertainty weighs

All eyes will be on the Reserve Bank of India, which has been intervening to prevent the rupee from slipping below the 91-mark, say experts

Why IDFC First Bank’s Haryana shocker is a governance wake-up call for others

The Rs 590-crore fraud and the state’s swift de-empanelment order underline the importance of governance, risk management in institutions

How a simple bank request unearthed four IDFC First Bank staff's Rs 590-crore fraud

IDFC First Bank News: The issue came to light after a Haryana government department requested closure of its account and transfer of funds to another bank.

Airtel unveils Rs 20,000-crore NBFC war chest to scale digital lending

The announcement follows Airtel Money receiving its NBFC licence from the RBI on February 13, formally enabling the telecom major to scale its digital lending ambitions

IDFC First Bank to implement new fraud controls to prevent unauthorised debits

Moves come after the the lender flagged a Rs 590 crore fraud in one of its branches in Chandigarh

Banking Central | MPC is right in holding fire for now but must prepare to move

With inflation benign and growth firming up, the February MPC minutes show a central bank choosing patience over posturing. That caution is wise, for now

Shares of IDFC First Bank, AU Small Finance Bank crash up to 15% after de-empanelment by Haryana govt

Share price crash comes after Haryana government de-empanels both IDFC First Bank and AU Small Finance Bank due to Rs 590-crore fraud at the former

De-empanelled by Haryana, AU Small Finance Bank opens probe, sends staff 'offduty'

The move comes after IDFC First Bank reported a Rs 590-crore fraud at its Chandigarh branch involving some Haryana government accounts

IDFC First Bank CEO vows necessary action after Rs 590-crore fraud, says will fix issues

Our investors who know us for over a decade, trust us and appreciate our capability to build long term businesses with good governance, V Vaidyanathan tells Moneycontrol in an interview

After Rs 590 crore fraud, Haryana govt stops government dealings with IDFC First Bank

IDFC First Bank News: The Haryana government has de-empanelled IDFC First Bank and AU Small Finance Bank for government business with immediate effect till further orders, according to an official circular

Greater securitisation is the answer to slowing deposit growth: SBI Chairman

SBI chairman C S Setty says deposit-to-MF shift is irreversible, urges securitisation to fund credit growth, and credits EASE for PSU bank revival.

SBI not worried about RBI mis-selling curbs, says Setty; bank assembles team for M&A financing deals

Not just loan growth, but even in terms of other matrices like credit cost, PSU banks have been showing better numbers.

IDFC First Bank flags Rs 590-crore fraud in Haryana govt-linked accounts at Chandigarh branch

The lender, in a statement, said an investigation has been initiated and suspected employees have been placed under suspension

ICICI Pension launches NPS Swasthya Equity Plus under pension regulator sandbox

This will be the first project under the PFRDA regulatory sandbox and will focus specifically on healthcare

RBI meeting minutes show optimism in economic growth, muted inflation print

The meeting minutes released said that the Indian economy is likely to improve considerably post the trade agreements with US and EU

OPINION | Vault Matters: RBI’s directive on mis-selling is a band-aid on the wound, not a cure

RBI is trying to fix the distribution aspect of mis-selling. The role of mutual funds and insurers remains unaddressed. Sebi and IRDAI have to step up to address core issues  

Chart of the Day | Low CASA makes record high credit-deposit ratio a ticking time bomb

Deposits must become attractive to households again so that banks are not left scrambling

Lack of credible health data biggest hurdle in insurer-hospital disputes: Subhendu Kumar Bal

Quantitative Impact Study-1 (QIS-1) has been concluded and analysed, while QIS-2 is currently under evaluation, says SBI Life's Chief Risk Officer Bal

OPINION | India’s Banking Liquidity Paradox: Massive infusion but hardening yields

Over 14 months beginning December 2024, RBI injected almost Rs 18 trillion of permanent liquidity. Yet, yields hardened. This was because large-scale dollar sales by the central bank offset the liquidity surge

SC spectrum ruling hits recoveries for banks, but the real damage is on lending to telcos

The real damage from SC’s ruling on spectrum is not recoveries but the caution on lending to telcos now

Recent rate cuts have hurt banks more than the last cycle, data indicates

Data analysed from bank’s financial statements from Q4FY20 to the third quarter of FY26 show that NIMs have largely shrunk by an average of 154 basis points (bps) in the current round of rate cuts, as compared to a reduction of 40 bps, on an average, in the previous cycle.

Inside the delay: Why Bima Sugam India Federation is not ready despite multiple launch timelines

At the heart of the project sits a structural paradox — the platform seeks to unify an ecosystem whose strongest participants are, at the same time, contenders

Fighting dark patterns: What new RBI draft mis-selling rules mean for banks, customers

The new RBI draft rules for advertising, marketing and mis-selling of financial products aim to strengthen consumer protection and curb malpractices in financial institutes

Bond yields edge lower after US inflation data revives rate cut hopes

The benchmark Indian bond yield fell to 6.667% on February 16

Banking Central | Deposit protection rules are changing. Here’s why they matter to you

A new pricing model will push banks to behave better, strengthen the safety net for every saver

Indian Overseas Bank expands Startup Banking network, launches IOB Gram Sweekar

On the launch of 'Startup Banking Branch Network', the lender said it has operationalised exclusive Startup Banking branches in Delhi, Mumbai and Bengaluru following the success of its maiden 'Startup Banking' branch in Chennai.

RBI plans to allow bank loans to REITs by July 1

At present, there are five listed REITs in India - Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust.

PFRDA sees strong traction for MSF; banks likely to drive National Pension System distribution push: Chairman Ramann

Three months after launch, regulator says groundwork is complete, pension funds and large banks expected to accelerate on-ground adoption, Chairman Ramann said.

IRDAI should shift to segment-wise EOM compliance to curb cross-subsidisation, says Generali Central MD & CEO Anup Rau

The current framework allows insurers to cross-subsidise loss-making wholesale and regulated segments using profits from retail business, creating pricing distortions, Rau tells Moneycontrol

OPINION | Vault Matters: Why private banks need more returnees like Shyam Srinivasan, Murali Natarajan and Ashok Vaswani

In the backdrop of a shallow talent pool for the top job at private banks, isn’t it time to widen the search and look overseas

Bond yields fall after government undertakes debt switch with RBI

The benchmark bond yield fell to 6.6692% on February 13

Rupee off to a weak start, opens 8 paise down against dollar at 90.67

The currency edged lower on on February 13 after the dollar gained back some of its ground

High-level banking panel to review voting rights threshold for foreign bank subsidiaries

The proposal to evaluate 26% ceiling on voting rights is viewed as a step towards removing the restrictions around foreign banks taking strategic initiatives. Change will be applicable only to banks operating through the wholly owned subsidiary route.

Rupee opens 26 paise higher at 90.46 against dollar

Traders expect the rupee to trade between 90.40 and 90.95 in the near term

Star performers in Q3, PSU banks gear up for more business as capex comes calling

The boost to exports from the trade deals with the US and Europe is making companies build capex plans, a boon for banks

RBI to tighten noose on mis-selling of financial products; issues draft amendment directions on sales, marketing

.The draft amendment directions aim at strengthening customer protection norms and curbing mis-selling, compulsory bundling, and deceptive digital practices.

RBI’s risk-based deposit insurance framework: Who pays less, who pays more, and why it matters

Stronger banks will pay less, weaker banks will pay more, and the rules of risk are being rewritten

Values, not just strategy, define institutional strength, RBI deputy governor Swaminathan

Regulatory compliance should be viewed as a pillar of credibility rather than a box-ticking exercise, the RBI deputy governor has said

Indian bonds hold steady at 6.7261% post state government bond auction

The benchmark government bond yield fell late in trade on February 10 after the state government bond auction drew strong demand

Rupee opens higher at 90.54 on softer dollar

The dollar softened after US retail sales data pointed towards a cooling economy, giving room for the Federal Reserve to cut rates

Deposit insurance body's risk-based pricing rewards banking discipline

By linking deposit insurance costs to behaviour, the RBI is nudging banks to internalise risk rather than outsource it to the system.

Chart of the Day | Credit is flowing, but is the cycle turning too fast?

RBI’s latest Bank Lending Survey signals confidence on demand and easy terms even as monetary caution lingers

Standard Chartered remains a market leader in sustainable investing strategies: Ben Daly, Global Head of Transition Finance

The global bank released the ‘India and the Energy Transition’ report on February 10, which showed that 83% of the corporates were confident that India will meet its net-zero goals

Citi India appoints Ankur Khurana as head of commercial banking

Citi Commercial Bank is an integral part of Citi’s global strategy and key engine for growth