Banking News

Moody's projects India's GDP to grow 6.4% in FY27, fastest among G20 economies

The operating environment for banks will remain strong in 2026, supported by robust macroeconomic conditions and structural reforms, it said.

IndusInd Bank wants to increase market share in CV business to 10%, says CEO Rajiv Anand

Optimistic about the bank’s commercial vehicle financing business, Rajiv Anand, MD & CEO, IndusInd Bank, is working on garnering more deposits from CV-specific branches.

Banking Central | RBI pause is less about inflation and more about trust in the cycle

The message from the central bank is clear — the quality of growth matters as much as the pace

Everyone will be proud of IndusInd Bank in three years, says MD Rajiv Anand

IndusInd Bank is a franchise which is under-delivering to its potential, says MD & CEO Anand

SBI: Will the re-rating continue?

With a Rs 46.83-lakh-crore loan book, the bank dwarfs large private peers. While delivering a 15 percent growth on this scale underscores that size is not a constraint

Financialisation of savings a structural challenge for banks, balance sheets to evolve: SBI chairman CS Setty

Setty said this transition would require banks and markets to prepare for a new funding architecture

Mega banks for a developed India? Sitharaman to set up high-level committee on banking

Asked if it would suggest a merger of public sector banks, Sitharaman said one should not narrow it down like that.

Kotak Mahindra Bank says it has not submitted bid for IDBI Bank

The government has received bids for the bank, Divestment Secretary Arunish Chawla said on Friday, without disclosing details.

Indian bonds decline as RBI refrains from fresh debt purchases

Lack of RBI buying may pile further pressure on bonds to extend losses as it has been a key source of demand in recent months, analysts said.

RBI MPC Analysis | Enough of heavy-lifting, let’s wait for results

RBI's commentary indicates we may be headed for a long pause. The question is how will the liquidity management happen from here on

RBI announces measures to boost financial inclusion, MSME credit, REIT financing

The measures are aimed at improving last-mile credit delivery, strengthening institutional financing frameworks and supporting growth in both the MSME and real estate sectors, governor Sanjay Malhotra has said

RBI to do away with Rs 2.5 lakh crore limit for Voluntary Retention Route

The VRR has been witnessing active investment by FPIs, and over 80 percent of the current investment limit of Rs 2.5 lakh crore has been utilised, the central bank said

RBI governor Malhotra says CPI, growth outlook to be based on new series

New CPI series set to release next week, FY27 GDP projections deferred to April MPC.

RBI signals stronger customer safeguards; proposes draft guidelines on mis‑selling

In addition, the RBI will release a draft framework on loan recovery and the conduct of recovery agents, says Sanjay Malhotra during MPC speech

RBI eases NBFC norms in big push for smaller shadow banks

NBFCs without public funds and direct customer interface, with asset size not exceeding Rs 1,000 crore, will not have to register with RBI

RBI governor Sanjay Malhotra unveils UCB reforms; launches Mission‑SAKSHAM

RBI MPC meeting: Higher limits on unsecured loans, easing of housing loan norms and mission-SAKSHAM are among the key measures announced today

Rupee remains steady after RBI maintains status quo

The rupee, which opened at around 90.23, was trading at 90.19 after ending the previous session at 90.36

RBI policy meeting: India-EU FTA to support exports over medium term, says Sanjay Malhotra

The RBI raised the full year GDP forecast for FY26 by 10 basis points to 7.4% even as it held the key repo rate steady at 5.25%

Quick Take | RBI Governor's steady hand puts credibility over celebration

By holding the repo rate at 5.25 per cent and sticking to a neutral stance, the central bank is signalling that low inflation is an achievement to be protected, not a cue for haste.

RBI revises FY26 growth forecast upwards to 7.4%, holds rate steady

The RBI's monetary policy committee, as expected, held the repo rate steady at 5.25%

OPINION | Vault Matters: When in doubt, hire a PSU Banker

A pattern which started in 2020 has become the playbook for private banks. Does this suggest reluctance to hire young dynamic private bankers or signal a lack of leadership bench strength in private banks?

Bond yield falls to 6.659% ahead of RBI policy decision

The benchmark 10-year bond yield fell for the third straight session, with traders looking forward to the first policy review of 2026

Rupee opens 23 paise higher against dollar at 90.23, RBI policy decision awaited

The central bank is unlikely to cut rates and is expected to stick to 'neutral' stance, a Moneycontrol poll found

Q3 FY26 results: LIC profit jumps 17% YoY to Rs 33,998 crore

Total premium income rose 9.02 percent YoY to Rs 3,71,293 crore, from Rs 3,40,563 crore

RBI MPC Meeting Updates: Policy rate to remain low for a long period of time, says RBI Governor Sanjay Malhotra

RBI MPC Meeting Live Updates: Central bank holds rates, upgrades growth outlook, signals proactive liquidity support and tighter consumer safeguards

Federal Bank receives RBI approval for Blackstone’s 9.99% stake buy

The deal, which would make Blackstone the largest shareholder in Federal Bank, involves an investment of around $700 million for a 9.9% stake. The private equity major had reached an agreement for the investment in October

Canara Bank lines up two more legacy accounts for NARCL transfer, valuation talks ongoing, says Canara Bank’s Hardeep Ahluwalia

We have Rs 20,000 crore of corporate sanctions under discussion, which should translate into disbursements. While remaining conscious on pricing, we see good momentum on the corporate front as well, Ahluwalia said.

Hiring spree at Kotak Mahindra Bank means jobs for 500 engineers

India’s banking sector is ramping up investments in tech amid steady growth in deposits and buoyant credit activity

MPC Poll | RBI likely to hold rates today, focus shifts to liquidity management, transmission

The February policy is expected maintain the repo rate at 5.25% as the RBI shifts focus from rate cuts to liquidity infusion, experts say.

Mukesh Ambani says Jio-Blackrock to utilise technology disruption to help build savings, client relationships

Strap: For us at Jio-Blackrock, the opportunity is to encourage Indians to save, and to make sure that we give them the options to convert those savings into earnings, and hopefully compound their earnings so that they not only work for themselves, but they also work for the Indian economy,” Mukesh Ambani said. 

BoB comfortable with gold loan growth despite record prices: CEO Debadatta Chand

The bank has set a principal recovery target of Rs 10,000 crore for the full year. Additionally, recoveries routed through income typically contribute Rs 700–750 crore per quarter. Q3 recoveries stood at Rs 812 crore, and a similar run-rate is expected in Q4, Chand said.

MC Exclusive | Not chasing growth in gold loans by stretching LTV or ticket sizes: Nirmal Jain of IIFL Group

The board will evaluate listing options for IIFL Home Finance at an appropriate time, keeping market conditions and business readiness in mind, said Jain.

Rupee has room to appreciate, RBI unlikely to intervene, says Bank of America’s Vikas Jain

February and March are usually positive months for FPIs. Current account is also expected to be positive, which should support the rupee, Jain tells Moneycontrol

Amended insurance laws kick in from February 5

Most provisions of Sabka Bima Sabki Raksha Act to come into force; industry sees 100% FDI reform as catalyst for capital, governance and inclusion

Bajaj Finserv Q3 FY26 results: Net profit remains flat on-year at Rs 2,229 crore on higher provisions, labour code costs

Bajaj Finserv Q3 FY26 Results: Net profit flat on-year due to higher credit provisions and one-time labour code costs.

Chart of the Day | After the rebound, what will drive rupee’s next move?

The India–US trade deal has taken pressure off the currency. The real question is whether flows and fundamentals can do the rest.

Credit finds its feet even as rates stay firm

RBI’s latest sector-wise credit data shows demand is broad-based and resilient, but the message to Mint Road is clear: this is growth that still needs watching, not cheering.

Won't be surprised if RBI hold rates steady for some time as inflation stays low: Economic Affairs Secretary

The central bank has cut the repo rate by a cumulative 125 basis points since last February.

Macquarie flags risks in PB Fintech’s global ambitions over capital allocation

Macquarie flags capital allocation risks as PB Fintech shifts focus from domestic dominance to global expansion ambitions

Rupee’s over 1% intraday rally: A move seen just 10 times since 2014

Historically, the rupee’s biggest intraday appreciation was recorded on December 18, 2018, when it surged 1.62 percent, followed by a 1.51 percent jump on November 11, 2022, according to the Bloomberg data.

Religare Enterprises likely to announce demerger and listing of Care Health Insurance 

The restructuring exercise which could result in an automatic listing of the health insurance arm is seen as a move aimed at unlocking shareholder value.

Rupee gains give RBI window to top up FX reserves but big build-up unlikely, says Shinhan Bank’s Kunal Sodhani

March typically sees higher rupee demand due to corporate book closing, which provides support to the rupee but that is just one part of the story, global cues also matter, Sodhani tells Moneycontrol

Knee-jerk rally in rupee expected, FPI flows to decide next move, says ANZ Research's Dhiraj Nim

The rupee’s depreciation mirrored India’s financial account challenges, particularly equity outflows, which are the result of a combination of factors such as US tariffs, corporate earnings, nominal GDP stress and more, Nim tells Moneycontrol

Decoding India’s Atmanirbar bond market

Indian bonds seemed to shrug off any positive rub offs from India-US tariff deal, signalling that the domestic cues are more concerning rather than global developments.

Indian bond yield opens 4 bps lower after India-US finalise trade deal

On February 2, Indian bond yield ended over a year higher after the government announced higher-than-expected gross borrowing through government securities.

IDFC First Bank must refocus on corporate loans for margin protection

Shedding corporate loans and going full throttle on retail was a survival strategy which now must change

INR poised to rebound below 90/USD as Trump cuts reciprocal tariffs on India

The rupee gained 48 paise on February 2 -- the highest level since December 19, 2025 -- when it appreciated 60 paise in a single day. In percentage terms, it is up 0.52 percent, compared to previous close.

RBI closely monitoring lenders’ positions on gold loan portfolios, say sources

After a sharp 15 percent correction in gold prices since Jan 30, the central bank is said to have sharpened its oversight on banks and NBFCs

Bajaj Housing Finance Q3 FY26 results: Net profit jumps 21% YoY to Rs 665 crore

Bajaj Housing Finance reported a 21 percent year-on-year rise in Q3 FY26 net profit to Rs 665 crore, led by a 19 percent increase in net interest income to Rs 963 crore. Asset quality remained stable, with gross NPAs at 0.27 percent and net NPAs at 0.11 percent.

RBI may maintain status quo in February policy, liquidity measures to be in focus

The current estimate on the rate action is in line with the Moneycontrol’s poll conducted before the Union Budget 2026, wherein a majority of economists, treasury heads and market participants said the central bank may maintain status quo on rates. The MPC is to meet from February 4 and February 6 for its bi-monthly policy review.