Banking sector news & PSU Bank Updates

MPC Minutes | Real interest rates need to be lower considering benign inflation outlook, says RBI Governor

The central bank in the December monetary policy has revised inflation projection for FY26 to 2 percent from 2.6 percent projected earlier.

Shriram Capital may rethink restructuring of lending and credit business

The company’s board of directors, at a meeting held earlier this month, recorded its in-principle intent to explore and assess possible restructuring alternatives

Indian Rupee’s revival: Best close in over two weeks, outperform Asian peers

According to Bloomberg data, the rupee appreciated 0.67 percent on a single day, emerging as the best-performing currency among Asian peers. Over the week, it gained 0.86 percent, and since the RBI began heavy interventions on December 16, the currency has strengthened by 1.54 percent.

Capital, confidence and consumer trust: Insurance law changes a defining moment for the sector

As one of India’s leading life insurers, we at HDFC Life welcome this progressive legislation. It balances growth, governance, customer protection and ease of doing business, setting the stage for the next era of insurance transformation

OPINION | Vault Matters: Why Rajiv Anand will be 2026’s most tracked bank CEO

Turning around an institution is a mammoth task. Especially when it is going through investigations for fraud. Rajiv for a foreseeable future may be caught between clearing the air for things that happened in the past and aspirations to take the ship forward. A tough tug-of-war

20 years of the Indian Rupee: Rocky road, steady depreciation

Going ahead, the next chapter for the rupee will hinge on three critical variables: the trajectory of India-US trade talks, portfolio flows in the face of elevated US yields, and the central bank’s appetite for intervention if volatility spikes.

RBI may pause OMO purchases, turn to VRR auctions for liquidity management

The central bank in this month has provided durable liquidity of Rs 1.50 lakh crore through OMO purchases and USD/INR Buy/Sell swap auctions. Additionally, through VRR auctions, the central bank inject liquidity worth Rs 2.60 lakh crore.

ICICI Bank gets Rs 238 cr GST demand notice

"While the bank is in litigation (including writ petition) on similar issues raised in orders/SCNs in the past, since the aggregate/cumulative amount involved in the above crosses the materiality threshold, this matter is being reported," it said.

A bank’s biggest expense is mobilising resources, not operations, says SBI chairman CS Setty

Banks is India rely heavily on deposits for liabilities, as against market borrowings in the US but it may change in 10 years, Setty tells Moneycontrol

SBI converging all payments system under one umbrella, says chairman CS Setty

YONO as a property is inseparable from SBI. The bank has identified 10,000 branches, predominantly those with high footfall, and deployed floor managers to assist customers with YONO, Setty tells Moneycontrol

Will acquire 1% more market share annually to hit 25% GDP target, says SBI chief Setty

SBI has done very well in terms of business, protecting the margins despite moderation in policy rates, chairman CS Setty tells Moneycontrol

Rupee opens flat at 90.37 against US dollar amid likely support from RBI

The domestic currency opened at 90.3700 against the US dollar, as compared to 90.3775 against the greenback at previous close

An emotional townhall, tag-along option and more: Finer details of the Avendus - Mizuho deal

Alongside KKR’s stake sale, the private equity firm has also made an offer to acquire the shares held by Ranu Vora, one of Avendus’ co-founders.

Banking system liquidity turns deficit nearly after two months despite RBI’s support

According to the RBI’s data, banking system liquidity stood at Rs 60,787.81 crore deficit as on December 17. This marks a deficit after October 28, 2025, when the deficit stood at Rs 8,083.79 crore.

Why RBI’s forward market intervention matters more than spot?

The central bank increased its short dollar forward positions by $6 billion in September, marking the first rise in six months. This marks an important move by the central bank when the Indian rupee has been depreciating sharply and support was needed without reducing the forex reserves. Usually, forward position by the RBI helps the currency to cool off a bit.

Another day another low, rupee opens at 91.08 against the dollar

The rupee has slipped 5.97% this year, making it the worst performing currency in Asia followed by the Indonesian rupiah, down 3.53%, and the Philippine peso, which has declined 1.37%

Chart of the Day | India’s credit comeback story, with a caveat

Retail credit demand has revived, but early warning signals suggest lenders should celebrate cautiously

HSBC sees CAD easing sharply in Q4, but full-year pressures to persist

The near-term improvement follows a sharp correction in India’s merchandise trade deficit in November, which narrowed to $24.5 billion from a record $42 billion in October.

Rupee to stay around 91-92/USD till FY26-end, RBI to intervene to curb sharp swings, says Axis Bank’s Neelkanth Mishra

Currency markets have no natural anchor like equity markets do. So, movements can overshoot in the short term. However, once volatility becomes excessive, the RBI will step in, Mishra said.

Rupee closes at historic low of 91.03 against US dollar

The spillover of the currency depreciation was also seen on the equity markets, which ended lower for the second consecutive day on December 16.

RBI receives 2X bids at USD/INR buy-sell swap auction; accepts $5.07 bn

The near leg or spot leg is on December 18, 2025, and the far leg is on December 18, 2028.

MUFG likely to infuse $3.5-4 billion for 20% stake in Shriram Finance; board meet likely this week

The proposed transaction will not trigger an open offer, as the stake acquisition will be entirely through a primary issuance of shares.

Moneycontrol Pro Panorama | Banking on the customer

In Moneycontrol's Pro Panorama December 16 edition: Right to Disconnect misses core issues, traders face evolving challenges and opportunities in 2026, quick commerce boosts online FMCG market share steadily, digital banking growth sees rising customer complaints, and more

Rupee extends slide, hits new record low of 91.05 against US dollar

On December 15, the currency slipped to fresh record low of 90.7850, extending its year-to-date decline to about 6 percent

HDFC Bank gets RBI nod to acquire up to 9.5% stake in IndusInd Bank

The Reserve Bank of India has mandated that HDFC Bank acquire a major shareholding within one year of the approval on December 15, failing which it will be cancelled.

Chart of the Day: Along with digital banking, complaints have also risen

The rise of digital banking has also seen increased customer dissatisfaction, show RBI ombudsman scheme data

Deutsche Bank’s India retail sale faces valuation hurdles due to wealth biz run down

The sale process may involve divestment of items on its core balance sheet. RBL Bank likely to join the bid process

We will wait a few months to answer when we will list SBI YONO: Chairman CS Setty

Setty says the bank plans to deploy 10,000 floor managers, up from the current 3,500, to assist customers with digital migration at branches

While insurance ombudsman amendments sharpen jurisdiction, questions linger on capacity

Insurers and intermediaries are likely in discussions with IRDAI on issues such as staffing, infrastructure expansion, and disposal timelines under the proposed changes

DBS enhancing products for affluent segment, investing in tech and people: DBS India CEO Rajat Verma

Confident of doubling the wealth assets in the coming years, Verma shares insight into his plans for wealth business and more in an exclusive interview with Moneycontrol

Banking Central | 2025: The year that wasn’t for Indian banking

The year 2025 was to be the year of fireworks for Indian banking but it is winding up on a staid note with several unresolved issues carried into the new year

Axis to hire 50 private bankers to target wealth boom in India

The firm is expanding its team of bankers across locations to cater to the growing needs of high-net-worth individual and ultra-high net-worth individual clients

Why RBI is right to shut the Stablecoin door

T. Rabi Sankar’s blunt rejection of stablecoins is not ideological rigidity. It is a reminder that money, unlike technology, cannot survive on belief alone

SBI to launch upgraded YONO 2.0 app, aims to double users to 20 crore in two years: Chairman CS Setty

SBI news: CS Setty said YONO 2.0 is a major technology upgrade that will offer a significantly improved customer experience while serving as a strong digital backbone for the country’s largest lender

SBI lowers home loan rates, trims interest on select FDs from December 15

SBI latest news: The bank has also announced a sharper cut in its External Benchmark Linked Rate (EBLR), which applies to most floating-rate retail loans such as home loans.

RBI’s reserves print: India adds $1.03 billion in a week, gold pops to nearly $107 billion

For the week ended December 5, foreign currency assets, a major component of the reserves, decreased by $151 million to $556.88 billion, the data released showed.

RBI to conduct second tranche of OMO purchase of Rs 50,000 cr on December 18

On December 11, the central bank conducted first tranche of OMO purchases and injected Rs 50,000 crore in the banking system.

Warburg backed TruHome Finance kick starts Rs 3000 crore IPO process

JM Financial, IIFL Capital, Kotak and Jefferies have been appointed as bankers to the IPO

DPDP Act may be driving surge in cyber insurance demand, with first-time buyers leading the spike

Around 40-50 percent of the recent 20-25 percent spike in cyber insurance uptake is coming from companies purchasing the cover for the first time, experts pointed out

Mizuho to close in on Avendus deal in a week

The Board of Avendus Capital is set to convene next week to evaluate the deal proposal from Mizuho to buyout stakes held by KKR and other investors including a few founder promoters.

Credit surge continues: Banks log over 10% growth for seventh week post GST reduction

RBI data showed that bank credit stood at Rs 200.11 lakh crore as on November 28, as compared to Rs 179.59 lakh crore in a year ago period, and Rs 198.54 lakh crore as on November 14, 2025.

Why India’s strong macros aren't soothing the Rupee?

The local currency has surpassed the psychological level of 90 on December 3 and yet again recorded a low 90.5625 against the US dollar. This is despite India’s resilient macroeconomic conditions.

OPINION | Vault Matters: India needs its ICBC, ABC, and JP Morgan: SBI alone won’t do

Scale brings the ability to absorb losses, to make losses look insignificant, and thereby give the impetus to grow without having to fear about how the profit and loss statement will look. If the economy must fast forward growth in the next ten years, that’s the need of the hour for Indian banking system

SBI to buy 50% stake in new fraud-fighting digital payments company IDPIC

The company, called Indian Digital Payment Intelligence Corporation (IDPIC), is registered as a Section 8 (not-for-profit) company under the Companies Act, 2013. It was incorporated on October 16, 2025. SBI is the initial subscriber and promoter.

A year of disruption: How RBI Governor Sanjay Malhotra rewrote the rulebook with 81 regulatory changes

On October 1, the RBI announced over 21 deregulatory measures in a single day, marking one of the largest one-day policy overhauls in the central bank’s history.

Maharashtra bags 25% of total industrial credit in FY25: RBI report

Of the total bank credit of Rs 42.86 lakh crore, Maharashtra bags Rs 10.86 lakh crore in FY25. This is followed by Delhi with credit of Rs 7.07 lakh crore, Tamil Nadu with Rs 3.10 lakh crore of credit, and Karnataka with Rs 2.55 lakh crore, according to the Reserve Bank of India’s (RBI) Handbook of Statistics on Indian States 2024-25.

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