Banking News

RBI conducts second 90-day VRR auction of the day, Rs 2 lakh crore on offer

Currently, the liquidity in the banking system is in surplus of Rs 82,967.95 crore

ACKO Life commits to pure protection model, targets rising mis-selling in life insurance

The company said its approach is aimed at prioritising consumer protection over product complexity, positioning itself as a life insurer defined by what it refuses to sell rather than by product diversification

Economic Survey: NPA recovery rate in banks doubles in FY25

Banks’ profit after tax increased by 16.9 per cent (YoY) in FY25 and by 3.8 per cent (YoY) by September 2025.

Economic Survey: Municipal green bonds could unlock $2.5-6.9 bn for climate action over next 5-10 years

Economic Survey showed that Vadodara Municipal Corporation, Ahmedabad Municipal Corporation, Indore Municipal Corporation and Ghaziabad Municipal Corporation, have issued green bonds in India. The cumulative amount raised by these corporations are Rs 694 crore, between February 2024 and May 2025.

Economic Survey 2026: Fast-growing insurance sector emerges as vital source of infrastructure funding

The survey links structural reforms in the insurance ecosystem to the creation of a stable, long-duration capital base required for infrastructure financing

Economic Survey 2026: Cutting distribution costs is key to making insurance affordable and expanding reach

Unless these cost inefficiencies are dismantled, insurance will remain expensive for customers and limited in reach, despite the sector’s strong balance sheets and financial stability, the report says

Economic Survey 2026: Maximum penalty for insurers raised tenfold to Rs 10 crore

Move aims to strengthen policyholder protection and tighten regulatory enforcement across insurance and intermediary ecosystem

Investor reluctance to commit to India warrants examination: Economic Survey

Rupee’s valuation does not accurately reflect India’s stellar economic fundamentals, says survey.

A sliding rupee poses risk of imported inflation, says Economic Survey

The Economic Survey says India’s inflation rate, headline and core, excluding precious metals, will likely be higher in FY27

Budget 2026: Capital inflows, fiscal credibility takes centre stage as rupee slides

Budget 2026 is expected to place renewed emphasis on attracting stable foreign capital. Measures such as enhancing FDI limits in select sectors and offering tax incentives to overseas investors are likely to be considered, say experts

PNB Housing Finance rebuilding corporate loan book, targeting 8-10% share, says CEO Ajai Shukla

The company’s NIM stands at around 3.63%, within the guided range. The strategy is to increase the share of affordable, emerging and construction finance businesses, which offer better yields and help sustain margins, Shukla tells Moneycontrol

Axis Bank overtakes Kotak in market cap after earnings-fuelled rally

Strong Q3 show, bullish broker calls and sector tailwinds push Axis past Kotak for the first time since 2024

For me, salary stops but work doesn’t, says SBFC Finance CEO Aseem Dhru

Dhru, who is set to step down as as MD & CEO, on April 1, tells Moneycontrol that he will be around to ensure a smooth transition and time will bear out his decision to handover control to Mahesh Dayani

Budget Snapshot | Why time is now the biggest creditor risk

As Parliament readies a revamped insolvency law, the Budget must address the system’s slow bleed and unlock growth trapped in delay

MC-Deloitte CXO Survey: 43.46% respondents expect RBI to cut rates by 25 bps in next 6 months

According to the survey, close to 30 percent respondents think that the central bank will hold rates

MC-Deloitte CXO Survey: 47.85% somewhat confident RBI can hold inflation at 4% medium-term target

According to the survey, 46.7 percent are somewhat confident, while 15.6 percent are very confident on the central bank controlling inflation at 4 percent.

RBI to conduct $10 billion USD/INR Buy/Sell Swap auction on February 4

In this mechanism, RBI buys U.S. Dollars from banks in exchange for Rupees (first leg) and agrees to sell them back at a pre-determined future date along with a premium (reverse leg).

RBI revises OMO purchase auction date to January 29, February 5

The auction will take place on January 29, between 9:30 AM and 10:30 AM on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

HDFC Life, ICICI Pru reset distributor terms amid ITC hit 

With bancassurance continuing to account for a large share of business, especially via parent banks, both insurers said alignment with their bank partners will remain central to growth recovery in FY27

Union Budget 2026: Expectations of the insurance industry

The IRDAI has played a central role in this expansion through a series of phased structural reforms.

Budget 2026: Fiscal prudence, support for manufacturing, capex push top market's wishlist

The Centre has reiterated a consolidation path, with the fiscal deficit targeted at 4.4% of GDP for FY26 and a stated intent to keep the glidepath intact.

RBI’s state finance report flags a problem politicians don’t want to name

India’s states are no longer on the same demographic clock — and that is quietly reshaping their fiscal future.

Nationwide bank strike on Tuesday: What SBI, PNB, BoB customers should expect

Bank Strike News: Digital banking services, including UPI and internet banking, are expected to function normally, though ATM cash availability could face localised disruptions due to logistical issues.

RBI announces liquidity injection measures of over Rs 2 lakh crore

Mumbai, Jan 23 The Reserve Bank on Friday said it will inject over Rs 2 lakh crore of liquidity into the system through a slew of avenues. "On a review..

IndusInd Bank says no further financial impact from BFIL issues; audit qualification continues pending probe

Responding to questions on the nature of the investigation, the bank confirmed that the qualified conclusion relates to BFIL’s role as a business correspondent in the microfinance segment, and is linked to certain practices in past years, including around collections.

IndusInd Bank initiates disciplinary action against officials over past accounting lapses

In a note to accounts, the bank said it had assessed the roles and responsibilities of individuals involved in earlier irregularities and fixed accountability in line with its internal code of conduct.

Deposit rate repricing largely completed, more transmission expected in Q4: PNB MD

We are aiming the 60:40 ratio in FY26-27. Most likely, this will materialise by Q3 or Q4 of that year, as building a high-quality RAM book takes time, Chandra tells Moneycontrol in an interview

Rupee recovers 13 paise to 91.58 against dollar as Trump backs down on EU tariffs

At 11.55 am, the currency was trading at 91.57 against the US dollar, a day after it sank to a new low of 91.74

RBI net sold $9.71 billion in November amid heightened volatility in Indian rupee

In November, the Indian rupee remained in the range of 88.56-89.45 against the US dollar.

Foreign banks see higher transmission of rate cut on fresh, outstanding deposits than peers, shows RBI Bulletin

Data showed that foreign banks have transmitted 107 bps of rate cut on fresh deposit and 100 bps on outstanding deposit. On the other hand, state-owned banks have seen a transmission of 101 bps and private banks of 93 bps on fresh deposit, and 33 bps for PSU banks and 34 bps for private banks on outstanding deposits.

How an agri-loans discrepancy has hurt India’s Top 3 private banks

Flaws were detected by the RBI on how Axis Bank, ICICI Bank and HDFC Bank treated their agriculture loans as priority sector loans in the annual supervision for FY25, necessitating the banks to make higher provisions.

India’s growth momentum stays resilient as December indicators signal sustained buoyancy, says RBI Bulletin

The Indian economy has demonstrated marked resilience amidst global uncertainties, with real GDP growth estimated at 7.4 percent in 2025-26, up from 6.5 percent a year ago, RBI said in a bulletin.

Credit-linked insurance shows green shoots after MFI-led pullback

With MFI credit showing early signs of revival, insurers expect credit-linked protection to regain momentum, even as they remain wary of past risks

Indian rupee closes at record low of 91.69 against US dollar amid Greenland dispute, FII selling

With the current fall, the domestic currency turned out to be the second worst performing currency among Asian peers with a fall of 1.98 percent so far in 2026.

Budget 2026: Govt may peg Rs 2-3 lakh crore as dividend income from RBI, PSU banks

In May 2025, the central bank paid a record Rs 2.69 lakh crore dividend to the government, reflecting higher income from foreign exchange operations amid global market volatility.

Budget Snapshot | What bank credit data for small firms tell us

After a strong year of expansion, the shape of lending to small businesses is changing and that matters for Budget 2026

Q3FY26 Life Insurance review: Early persistency weakens even as long-term policy retention improves at life insurers

While long-term policy retention remains healthy, brokerages cautioned that deterioration in recent cohorts could become a key monitorable for the sector over the coming quarters

MPC Poll | RBI likely to hold rates in February policy amid comfort on inflation, higher growth

Since February, 2025, the MPC has reduced the repo rate by 125 bps to aid growth, with a 25 bps cut each in February and April, 50 bps in June, and 25 bps in December. However, the RBI has kept repo rate unchanged in August and October monetary policy.

FPI flows pressure, global uncertainties have pulled rupee down over 1% this month

The domestic currency opened a tad weaker on January 20 but declined rapidly to 91.0650 against the dollar. This level was touched nearly after a month

Wonder Home Finance raises Rs 500 crore from Growtheum Capital Partners

Wonder Home Finance achieved a 70% CAGR over the past five years, with assets under management exceeding Rs 3,000 crore

Strong premium growth to lift profitability of Indian insurers: Moody’s

Premiums accounted for just 3.7 percent of GDP in FY24, compared with 11.8 percent in the UK and 12.1 percent in the US, indicating significant headroom for expansion in the Indian market

L&T Finance’s retail pivot pays off as NIMs, fees rise 19 bps in one year; credit costs ease, says CEO Sudipta Roy

We have consistently guided that NIMs plus fees will remain in the 10-10.5 percent range. Depending on interest rate and cost pressures, it may move within that band, but we don’t expect it to fall below 10 percent in the medium term, Roy said.

PNB Q3 results: PAT rises 13% YoY to Rs 5,100 crore

PNB Q3 results: On a sequential basis, net profit rose 4 percent.

South Indian Bank focussing on high-yield retail assets to boost margins, cutting back short-term corporate lending,says CEO PR Seshadri

The bank has cut back on short-term corporate lending Retail, MSME and gold loans now form a larger share of the book, Seshadri tells Moneycontrol in an interview

FY27 govt borrowing pegged at Rs 15-17 lakh crore as debt focus gains prominence

Estimates for green bond issuance, which is unlikely to see an increase, range from Rs 20,000-25,000 crore, or around 5 percent of total borrowing, a Monyecontrol poll has found

What the latest banking results tell us

The latest numbers show strength at the top, hesitant recovery below, and a system that is safer but far from balanced

Banking Central | Has bank recapitalisation run its course?

After a decade of state support, Budget 2026 must decide whether PSBs still need the taxpayer’s shoulder

RBI directs ICICI Bank to make additional provisions on agri priority sector loans

ICICI Bank described the provisioning as a one-time regulatory adjustment, stating that it does not expect further provisions on this portfolio beyond Q3 FY26

ICICI Bank board approves 2-year extension for CEO Sandeep Bakhshi

The decision was taken by the bank’s board at its meeting held on January 17, and is subject to regulatory and shareholder approvals, according to an exchange filing

Federal Bank sees 50 bps CRAR boost from Blackstone tranche: MD & CEO KVS Manian

Responding to another query by Moneycontrol on the market speculation around Federal Bank being among the bidders for select Deutsche Bank India retail and wealth portfolios, Manian said it continues to evaluate inorganic opportunities but has no immediate transactions under consideration