Banking News

To strengthen its CASA base, the bank has launched six new products and opened 1.77 lakh new accounts in the last quarter. It is also aggressively targeting salary accounts, where the average balance has improved from Rs 25,000 in Q1 to Rs 44,000 in Q2, Kumar said.

PNB expects Rs 9,000–10,000 crore additional provisioning under new ECL norms, says MD Ashok Chandra

Going forward, housing and vehicle loans will grow very fast, we expect these two segments to be outperformers in Q3. Overall, retail growth should see at least a 2 percent boost purely due to the GST cut, Chandra said.

Rupee opens 3 paise up at 87.94/USD as Asian currencies strengthen

The selling of dollars by the RBI's last week helped the rupee post its best weekly performance in nearly four months

Ageas Federal Life Insurance and CSB Bank forge SME Bancassurance partnership

The collaboration would allow customers of CSB Bank, especially SMEs to access bespoke life insurance solutions designed to protect and safeguard the individual’s business continuity, wealth, and their families.

Banking Central | What the 2025 gold price surge means for Indian lenders

Higher metal prices raise the marked-to-market value of pledged jewellery, improving loan-to-value (LTV) cushions for the same quantum of lending

RBL Bank expects first tranche of money from Emirates NBD Bank in 5-8 months

The bank is aiming to join the top five banks league in the next three to five years

ICICI Bank expects retail loan growth to pick up in H2: ED Sandeep Batra

Responding to a query on the recent reports on social media platforms alleging unlawful employee exits, ED Sandeep Batra dismissed the claims as baseless

RBL Bank to sell majority stake to Emirates NBD in Rs 26,850 crore deal, largest FDI in Indian banking sector

The deal also includes the amalgamation of Emirates NBD’s India branches with RBL Bank, as per RBI guidelines, once the preferential issuance is completed.

IndusInd Bank sees no fresh financial hit as BFIL probe, internal control overhaul progress

The auditor of BFIL had earlier issued a qualified conclusion in its limited review dated October 17, 2025, on the financial results for the September quarter and half year. However, the Bank clarified that these observations were not material to the group’s overall results.

IndusInd Bank sets up executive group to strengthen financial controls after Rs 1,960 crore accounting discrepancies

According to the bank’s disclosure, the newly formed Project Management Group will oversee corrective measures, ensure process standardisation, and tighten internal checks to prevent such lapses in the future.

SMBC stake remarks unrelated to Yes Bank’s operational priorities, says CEO Prashant Kumar

SMBC has stated that they will not increase their stake, and they are under no obligation to do so beyond 24.99 percent, says CEO Prashant Kumar.

IndusInd Bank reports net loss of Rs 437 crore in Q2, net worth fell to Rs 62,524 crore

Net Interest Income for the Q2 FY26 at Rs 4,409 crore as compared to Q2FY25 at Rs 5,347 crore. Fee and other income for the Q2FY26 at Rs 1,651 crore as compared to Q2FY25 at Rs 2,185 crore.

Punjab National Bank Q2 net profit rises 14% YoY to Rs 4,904 crore

Operating Profit for Q2FY26 increased to Rs 7,227 crore and to Rs 14,308 crore for HY1FY26 recording growth of 5.5 percent and 6.5 percent, respectively on YoY basis.

Govt asks state-run banks' CEOs to work 'harder, faster' to list subsidiaries

The bureaucrat said increasing the claims settlement ratio is the only way to increase insurance penetration in the country

Q3 to be more robust than Q2 in terms of disbursements, demand momentum, says L&T Finance CEO Sudipta Roy

For gold loans, Cyclops isn’t required because it’s a fully secured product with extremely low loss rates. Putting it through Cyclops would be counterproductive, Roy said.

Piramal Finance listing expected in first half of November: CEO Jairam Sridharan

On September 10, NCLT has approved the merger of Piramal Enterprises Limited with its wholly-owned subsidiary, Piramal Finance Limited.

State Bank of India raises Rs 7,500 cr via 10-year Basel-III Tier 2 bonds at 6.93% coupon

On October 15, Moneycontrol reported that SBI plans to raise up to Rs 7,500 crore through Basel-III compliant Tier-II bonds maturing in 10 years.

Cautious on gold loans despite huge demand as prices soar, South Indian Bank CEO Seshadri

Higher gold prices mean customers can borrow more against their ornaments, driving demand but the sharp price movement also raises risk, the CEO tells Moneycontrol

IndusInd Bank clarifies Rs 255-crore accounting lapse already disclosed

Moneycontrol on October 16 has reported that 'a certain entry amounting to Rs 250 crore requires attention'. Sources said that these entries may pertain to 2016, a year after the treasury derivatives desk was started.

OPINION | Vault matters: Who's to be blamed for steep healthcare cost inflation? 

Healthcare costs have inflated in double digits post-pandemic, showing no sign of easing. Meanwhile, private equity and venture capital investments in India’s hospital landscape have touched around $15 billion since FY20. Is the changing capital structure of the healthcare business resulting in higher costs? 

City Union Bank announces recruitment for MD and CEO Role; Applications open till Nov 7

Candidates must meet regulatory requirements, with no pending vigilance cases or adverse observations from the RBI

Probe so far not pointing at fund siphoning at IndusInd Bank: EOW Sources

The sources cited add that EOW will question Siddharth Banerjee, head of global market and financial institutions group, in the coming days. A few employees who were part of the former DMD's team may also be called for questioning.

OPINION | Does the rise of non-bank funding represent financial disintermediation or liquidity shuffling?

On paper, non-bank sources have offset the fall in bank funding to commercial sector. But trace the source of funds and we go back in many cases to banks, who continue to play an outsized role. India still lacks enough diversity in sources of funding

Axis Bank says RBI caution circular an old legal matter, corrective action taken

CEO Amitabh Chaudhry says the bank is engaging with the regulator to provide all necessary clarifications

Rupee gains for second day, up 25 paise against dollar at 87.82

Trump's claim of India committing to stop buying Russian oil, easing dollar index and strong Asian currencies give support to the rupee

MPC minutes show a policy pause that sounds like a whispered rate cut

Inflation is at eight-year lows, growth is solid, and two members are keen to ease — yet the RBI still sits on its hands

HDFC Life’s Q2FY26 net profit rises 3% to Rs 448 crore; total premium up 15% YoY

Individual Annualized Premium Equivalent (APE) stood at Rs 6,471 crore, marking a 10 percent rise from Rs 5,864 crore last year

RBI’s gold reserves rose more than $19 billion this fiscal amid Trump tariffs, Fed rate cut bets and global turmoil

Since the beginning of the year, global uncertainties have increased, starting with tariff imposition by the US, India-Pakistan tensions, and the Iran-Israel unrest which led to a strong US military action.

RBI's ECL norms to reduce Tangible Common Equity for banks by 50-80 bps, says Moody’s

Expected Credit Loss (ECL) framework of provisioning for bad loans, with prudential floors, is proposed to kick in from April 1, 2027, the Reserve Bank of India (RBI) Governor Sanjay Malhotra said on October 1, during the monetary policy announcement.

SBI to raise Rs 7,500 crore through Basel-III Tier-II bonds

On July 16, the board of SBI approved raising up to Rs 20,000 crore through bonds in FY26

RBL Bank set to become Emirates NBD's largest subsidiary outside Dubai

Sources indicate that Emirates NBD will infuse fresh capital at Rs 295 a share to take a 51% stake in RBL Bank. Emirates will take five board position in RBL Bank and subsequently through an open offer pick up an additional 25% stake. RBL Bank may be merged with Indian operations of Emirates NBD, though the wholly owned subsidiary mode

Rupee opens 52 paise up as dollar eases on renewed hopes of US Fed rate cuts

The dollar index, which measures the greenback's against a basket of six major currencies, fell to 98.883 in the morning from the previous close of 99.047

Chart of the Day | India CPI inflation at 8-year low, food deflation at -2.3% makes case for RBI rate cut

Food prices are in deflation, gold is soaring, and core inflation ex-gold is benign . RBI can’t hide behind averages anymore.

Bank of Maharashtra pegging quarterly ECL provision at Rs 100-125 crore, says CEO Nidhu Saxena

On January 24, 2025, Moneycontrol citing sources reported that bank is expected to do additional provisions of Rs 125-150 crore every quarter.

Why treasury income of banks is expected to fall in Q2? Here are three reasons

Whenever, the bond yields rise, prices fall due to inversely proportional relationship between both. This leads to lower mark-to-market gains on the investment of banks in these securities.

Bank of Maharashtra Q2 profit rises 23 percent to Rs 1,633 crore, NII up over 15 percent, sharp selloff in shares

Net Interest Income (NII) grew by 15.71 percent year-on-year to Rs 3,248 crore in Q2FY26 as against Rs 2,807 crore for Q2FY25.

NBFC Q2 earnings preview| PAT to grow 8-28% YoY on stable margins, improving asset quality

Brokerage firms expect asset quality of most NBFCs to remain broadly stable amid better customer selection, stricter credit underwriting, and improved collection efforts.

Piramal, KKR seek exit from Shriram General Life Insurance: Sources

Both investors are said to have initiated the exit process and are mulling various options including a listing for the company or a secondary sale.

Can RBI’s UMI pitch become a game changer?

Tokenised assets and CBDC-based settlements sound futuristic, but caution is warranted.

E20 fuel troubles may trigger insurance disputes as car maintenance costs double

Policy terms may need to revised to define ethanol-related exclusions clearly to prevent insurers from facing rising claim disputes over what’s covered and what’s not, industry insiders say

HSBC launches digital merchant services in India to simplify e-commerce payments

The service supports card transactions, including Mastercard, Visa, and RuPay, along with Unified Payments Interface (UPI), net banking, and other payment methods, which will be rolled out in a phased manner

Pretty happy with the outcome of market listing: Rajiv Sabharwal, MD & CEO, Tata Capital

We have added over 22 lakh new shareholders to the Tata Capital family, says Rajiv Sabharwal

Banks Q2 preview: PAT likely to fall 7-8% amid lower treasury gains, decline in NIMs

Emkay Global Financial Services expect HDFC Bank, ICICI Bank, Indian Bank and RBL Bank to be outliers, with Axis Bank, Federal Bank, Bandhan Bank, Canara Bank and Union Bank of India reporting softer quarter due to weak margins and elevated credit costs

Treasury frauds at IndusInd Bank may date back to 2017 or earlier, emails reveal

Emails accessed by Moneycontrol indicate that IndusInd Bank’s former CFO Arun Khurana was aware of fraudulent accounting practices adopted for foreign derivative contracts. Separately, days ahead of the Grant Thornton audit report, CHRO Zubin Mody had calls with select employees where he was quoted as saying, 'say everything you know'

Truhome Finance awaits rating upgrade after doubling AUM to Rs 20,000 crore

Warburg is expected to provide additional growth capital as Truhome scales up further

Rupee opens 7 paise down against dollar at 88.76 tracking weakness in Asian currencies

Trade tension between the US and China resurfaced after United States President Donald Trump threatened '100 percent tariff' on all Chinese goods beginning November 1

Banking Central | RBI's digital innovation: Laudable moves but caution is a must

The Unified Lending Interface paves the way for a blockchain powered financial future but the RBI will need the guardrails in place to thwart threat actors who are always a step ahead

RBI appoints Sonali Sen Gupta as new executive director

As Executive Director, Sen Gupta will oversee the Consumer Education and Protection Department, the Financial Inclusion and Development Department, and the Inspection Department, the central bank said.

PSU banks see uptick in credit demand in vehicle, consumer durable loans post-GST cut, say bankers

On August 26, Moneycontrol reported that Indian banks are eyeing a revival in credit demand in the second half of the current financial year (H2FY26), with bankers projecting growth in the range of 10–12 percent, supported largely by the upcoming festive season beginning September.

Irinjalakuda Town Co-op Bank auditor had flagged negative CRAR, other violations

The RBI superseded the bank's board on on October 7, citing concerns over the lender’s deteriorating financial health and governance issues