Banking News

The rupee is expected to remain in the 87.80-88.30 range against the dollar

Insurance forum likely to seek clarity on input tax credit and GST exemption from IRDAI, Centre

Sources say, insurers may be fearing the possibility of customer grievances if refunds are delayed or denied, while actuarial teams face the challenge of recalculating projections for policies spanning across the transition period

India is Asia’s 3rd largest, fastest growing market for sustainability finance, says DBS Bank’s Chief sustainability officer Helge Muenkel

Businesses waiting to shift from being fossil fuels guzzlers to green units would be the focus and the sweet spot for DBS Bank's 'transition finance', says Helge Muenkel

Viyona Fintech gets NPCI nod to launch UPI services via GraamPay, Viyona Pay

The fintech, which developed GraamPay and the Viyona Pay app, said the approval will accelerate its plans to expand digital payments across Tier II, Tier III, and rural markets in India, in partnership with banks.

Ujjivan Small Finance targets Rs 1 trillion loan book by FY30, stocks soar 3 percent

This growth will be supported by an expansion of the bank's branch network from 752 to nearly 1,150 branches, Ujjivan said, adding that it aims to increase cross-selling to its customer base, including offerings such as IPO-ASBA, insurance, mutual fund distribution, remittances and co-branded credit cards.

Emirates NBD, Fairfax, Kotak Bank, Oaktree likely to bid for IDBI Bank

According to sources, financial bids for IDBI Bank is likely to be sought in October. Kotak Mahindra Bank said to have renewed its interest in the bidding process, extensive diligence underway.

Banking Central | Mint Road is upgrading its tech, that is a good change

From data empowerment to digital platforms, the central bank is not just regulating but demonstrating how technology must shape the future of Indian finance

How RBI's proposed principles-based framework can be a gamechanger for Indian fintechs

It's high time RBI empowered innovation without getting into micromanagement

Indian rupee slips to fresh low of 88.3613 against dollar on likely foreign selling, tariff pressure

Year-to-date, the rupee has lagged its Asian peers, weakening by about 2.85 percent in 2025.

Indian rupee opens 5 paise higher at 88.10/USD as Dollar Index eases

The dollar index, which measures the greenback's strength against a basket of six major currencies, fell to 98.112 in the morning from the previous close of 98.347.

IndusInd Bank rejects ex-CFO’s allegations, calls them ‘baseless and motivated’

In a statement, IndusInd Bank said its board had acted collectively to address incidents of “gross irregularity, suspected fraud and dereliction of duty” that were brought to its attention.

GST cuts to boost demand but won’t trigger credit growth as banks remain cautious over tariffs

Despite the GST relief and the upcoming festive season, lenders are exercising caution, with analysts expecting credit growth to remain largely unchanged amid trade-related uncertainties.

GST relief on health premiums may nudge insurers, companies to revisit India Inc’s employee benefits

With the GST Council continuing to levy 18 percent tax on group health policies, employers may scale back group coverage and shift toward allowances for individual insurance coverage plans.

Credit growth stands at 10.03 %, deposits outpace at 10.22%

The investment of banks in the central and state government securities grew 2.4 percent year-on-year to Rs 65.17 lakh crore as on August 22.

GST reform a timely stimulus, may pave way for further RBI easing, say economists

Experts believe the GST reform will act as a cushion against tariff-related uncertainties, and should the US levies ease, the combined tailwind along with Centre's fiscal support and easier monetary conditions could lift confidence across manufacturing supply chains.

Insurers expect surge in small-ticket policies after GST cut, bet on higher adoption with affordable premiums

Lower entry costs will encourage first-time buyers to consider insurance policies both in life and general plans, and wider adoption and a large customer base is where we see real growth and potential, say industry leaders.

Bond yields drop at the open after GST council adopts two-slab structure, slashes prices

The cut in GST is aimed at spurring consumption ahead of the festive season, even as Trump's tariffs threaten the country's exports

Indian rupee faces sharper decline against Euro, Pound, and Yen in 2025 amid global and domestic pressures

According to Bloomberg data, the rupee has weakened by 13.6 percent against the Euro, 9.3 percent against the Pound, and 8.4 percent against the Yen. In contrast, it has declined only 2.73 percent against the US dollar year-to-date.

Rupee opens flat at 88.16 against dollar as tariff uncertainty continues

The dollar index, which measures the greenback's strength against a basket of six major currencies, rose to 98.485 in the morning trade after ending the previous session at 98.397

Chart of the Day | What do the latest data show on trends in personal loan growth?

While industry and services credit remain steady, the sharp deceleration in personal loans points to cooling household demand.

SBI raises $500 mn through bonds to fund loan growth

The bank has concluded the issue of $500 million Senior Unsecured Fixed Rate Notes, having a maturity of 5 years and a coupon of 4.5 percent payable semi-annually

Indian bond yield ends 3 bps down amid short covering, FPI buying

Indian bond yield has been under pressure since last few weeks, especially after the announcement of the GST reforms by the government.

Hospitals vs insurers: All you need to know about the ongoing tiff

What started as a localised issued between Bajaj Allianz and AHPI, has turned out to become a health insurance sector issue with more players latching on to problem

Overseas bond issuances slump to decade low in 2025 amid global volatility

Experts said that Indian issuers are finding it harder to access international bond markets as investors demand higher spreads on emerging market debt amid geopolitical tensions and currency risks.

Rupee opens 5 paise higher at 88.15/USD despite US tariff uncertainty

The dollar index, which measures the greenback’s strength against a basket of six major currencies, rose to 97.818 in morning trade from 97.771 at the previous close.

Banks are between a rock and a hard place on policy transmission

MSME borrowers have come under strain and banks have begun to increase the spread on loan rates to capture credit risk

India's Q1FY26 current account deficit at $2.4 bn versus $8.6 bn a year ago

In the financial account, foreign direct investment (FDI) recorded a net inflow of $ 5.7 billion in Q1FY26 as compared to a net inflow of $6.2 billion a year ago.

Deutsche Bank puts India retail banking business up for sale: Report

The Germany-based bank has pledged to make its retail business more profitable

Trump’s tariffs may push Rupee towards 90/USD, fear economists, RBI intervention likely

The Indian rupee has depreciated around 0.7 percent in August, and on a year-to-date basis, it is weaker by 2.94 percent against the US dollar. August saw fourth month of weakness, which experts have attributed to tariff-related uncertainty.

Karnataka, Odisha, Arunachal step up Treasury bills investment as cash flow management turns conservative

Analysts point out that states typically receive large inflows from tax devolution and central transfers in lump sums, while spending on salaries, subsidies, and capital projects tends to be back-loaded. This mismatch leaves states with temporary surpluses that need a safe parking space.

Foreign reinsurers’ share expected to cross 50% in FY26 as domestic incumbents see market share drop 

With overseas players rapidly expanding their footprint, domestic incumbents such as GIC Re maybe seeing their market share erode, due to regulatory changes, competitive pricing, and the burden of unprofitable crop insurance

'First cheque bounces' at decade high in tech hubs like Bengaluru, one in 10 households unlikely to repay loans: Saurabh Mukherjea

Tech and job losses is starting to show stress even in secured credit like mortgages, according to the founder of Marcellus Investment Managers.

Rupee opens 4 paise weaker to continue above 88-mark on tariff worries and dollar demand

On August 29, Indian rupee ended record low on outflows in equities, Trump’s tariffs, month-end oil demand and Rupee-Yuan dynamics.

IPOs targeting aggressive valuation will face resistance in volatile times: Ganeshan Murugaiyan of BNP Paribas India

Outbound M&A activity continues to be active in pharma, IT and industrial space. Acquisitions over the past few years have been strategic in nature; it is no longer about acquiring only to expand the presence outside of India. Indian companies are looking to add capabilities and geographies which are strategic for their expansion plans.

Why the Q1 growth surprise gives more room for India’s MPC

A stronger-than-expected GDP print gives the Monetary Policy Committee breathing space

Banking Central | Lessons from Chinese meltdown for Indian banks

India's banking landscape, while distinct, shares some parallels with China's, especially in exposure to credit cycles and non-performing assets.

SBI and AFD sign 100 million euro Line of Credit to boost green financing in India

By empowering these measures, this collaboration strives to further advance India’s transition to a low-carbon economy while enhancing resilience to climate-related risks, it said.

IndusInd Bank shareholders block promoter’s bid for board nominees, clear Rajiv Anand as CEO

Over 54 percent of shareholders voted against amending the lender’s articles to induct two nominee directors, even as they backed Rajiv Anand’s appointment to steer the bank through its financial troubles.

Financial corporations' deposit share rises to 7% in June, shows RBI data

Bank deposits with SCB’s registered a growth year-on-year of 11.3 per cent as at end-June 2025 as compared with that of 11.7 per cent (net of merger) a year ago.

Indian rupee ends record low at 88.21 against US dollar on US tariffs impact worries

Currency experts said the upcoming GST council decision is expected to lend some support, markets are awaiting clarity on the final GST changes before taking a decisive view.

Vault Matters | Beginning of the end of the hype around financial services

Two mid-sized SME lenders have supposedly called off their IPO plans. An NBFC focused on education loans has yet to refile for an IPO. One of the most anticipated listings of this year, HDB Financial Services, received only a lukewarm response from investors. Does this signal a tapering of investor interest in financial services?

Rupee sinks to record low, breaches 88-mark on US tariff worries

The currency fell to 87. 9763 against the dollar after opening at 87.6963

Banks’ share of treasury gains in other income climbs to highest in four years

In Q1, the central bank reduced the repo rate by 75 basis points to support growth, with a 25 bps cut in April and 50 bps in June

Indian rupee opens 6 paise weaker at 87.69/USD as foreign selling, Trump tariffs weigh

The rise in Dollar index comes as data showed the inflation-adjusted US GDP expanded faster than initially estimated in the second quarter, underscoring resilience in consumer spending.

India-US trade uncertainties continue to pose downside risk: RBI Bulletin

Favourable rainfall and temperature conditions bode well for the kharif season. An increase in real rural wages may support demand in the second half of the fiscal

RBI net sold forex worth $3.66 billion in June in spot market amid rupee volatility

The central bank in the Bulletin said that it purchased $1.16 billion and sold $4.83 billion during the period.

RBI Bulletin: Bank credit improved in June 2025 amid uptick in loans to MSME

India’s bank credit growth rose to 10.22 percent year-on-year in the fortnight ended August 8, the highest in more than three months.

RBI Bulletin: India’s sovereign rating upgrade by S&P bodes well for capital inflows and sovereign yields

On August 14, S&P Global Ratings has upgraded India’s long-term unsolicited sovereign credit rating to ‘BBB’ from ‘BBB-’, while also raising the short-term rating to ‘A-2’ from ‘A-3’.

Credit card spending rises 6% in July to Rs 1.94 lakh crore, shows RBI data

The data also showed that new credit card issuance increased by 4.26 lakh to 11.1623 crore in July.

RBI may cut FY26 growth forecast as tariff impact deepens, say economists

On the trade front, economist estimates that exports could decline by $30 billion-35 billion over the year due to the tariff shock. Even after factoring in cheaper Russian oil, the net export loss would be $25 billion-30 billion, translating to a GDP drag of 60-80 bps annually.