Banking News

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.

India’s western, southern regions contribute 54% deposits of banks as of March 31, 2025, shows RBI data

On the credit front too, Southern and Western regions received more credit from banks in 2025.

RBI injects Rs 50,000 crore liquidity in banking system via OMO purchase

The central bank received bids worth Rs 1,11,615 crore crore at auction for seven securities, but accepted only Rs 50,000 crore. These funds will be injected to the banking system as a durable liquidity.

Yes Bank board opts against retail head’s continuance, no clarity on CEO’s term

SMBC may exercise its say in CEO appointment at the bank; likely to recommend a person from within the group.

Andhra, Uttar Pradesh, Karnataka emerge as top states in bank credit to agriculture in FY25

Among the regions, the major credit to the agriculture have gone to the southern region of Rs 11.46 lakh crore. Northern region received bank credit to agriculture of Rs 3.98 lakh crore, followed by Rs 3,76 lakh crore to the central region.

Why the push for inbuilt air travel insurance is gaining traction amidst the IndiGo crisis

The inbuilt travel insurance framework was reportedly stalled due to implementation complexities is now reviving momentum again

JP Morgan gets RBI nod for a branch in Pune

JP Morgan already has branches in Mumbai, New Delhi and Bengaluru's Devanahalli

RBI Guv Malhotra: Blessed with best inflation, marred by worst INR depreciation

Malhotra, who took charge as RBI Governor on December 11, 2024, has overseen a 5.71% slide in the rupee during his first year in office, marking the Indian currency as the worst performer among its Asian peers.

Indian benchmark bond yield surges to 6.63%, highest level in current financial year

In the last one week, the bond yields have gone up by around 10 basis points (Bps). This is despite the 25 basis points (Bps) rate cut by the Reserve Bank of India (RBI) in the December monetary policy.

Digital now accounts for 25% of business, says SMFG India Credit

The shadow bank's digital book, which tracked assets worth Rs 15,000 crore as of September, grew at an annual rate of 45% over the past two years

Open to strategic investor at right price, will help fast forward growth, says DCB CEO Praveen Kutty

With capital buffers strong, MD & CEO Praveen tells Moneycontrol that focus is on operational efficiency while keeping the door open for strategic investors but at the right valuation

PSU banks outperform on return: Higher profit, cleaner books fuel 2025 surge

The sharp rally in PSU bank stocks earlier this year cooled off after the government clarified it had no plans to raise the foreign direct investment (FDI) limit in state-run banks from 20 percent to 49 percent.

Bank of India raises Rs 2,500 crore via 10-year Tier-2 bonds at 7.28% coupon

Market participants said that the coupon set on the bonds is 60-70 basis points higher than the current secondary market yield on the similar tenure government securities.

IndusInd Bank chairman to step down in January amid organisational overhaul: Report

The bank reported its largest-ever quarterly loss in the three months ended March 31, following a $230 million hit to its accounts

SBI General targeting up to 8% improvement in combined ratio, says CEO Naveen Chandra Jha

The insurer’s bottom line has taken a 2–3 percent hit after individual and health insurance premiums were exempt from GST but effect is short term and manageable, the CEO tells Moneycontrol

Generali Central Life to enter pension segment by Q4 FY26, says CEO Alok Rungta

'Pension is a segment where we are not present today and the opportunity is huge. People need to plan and fund their retirement more proactively than in the past, CEO Alok Rungta tells Moneycontrol

Chart of the Day | India’s consumption is holding steady, but investment still moves in spurts

The latest quarterly numbers show a familiar pattern: households are keeping the economy afloat, while capital formation continues to swing from quarter to quarter.

PFC, SIDBI pull bond issues as investors demand high coupon

The yield on the government bond has climbed in the past few sessions, tracking movements in OIS and global bond yields

Insurance premiums log FY26’s biggest jump in November as GST exemption lifts demand

Despite November’s exceptional numbers, the cumulative data for the fiscal offers a more sombre picture. In April-November, life insurers’ NBP grew 9.8 percent YoY

Economists expect RBI to cut rates in February too amid lower inflation projection

On December 5, the central bank cut repo rate by 25 basis points to 5.25 percent after keeping rates unchanged for two times in a row

Bajaj Finance AUM to cross Rs 5 lakh cr in FY26, catching up with private banks’ total assets

If Bajaj Finance crosses the Rs 5 lakh crore milestone in FY26 as guided, it would firmly place itself alongside India’s mid-tier private banks, reinforcing its status as one of the country’s largest non-bank financial institutions.

Bloomberg may include India bonds in global index on April 1, 2026; $20–25 billion inflows seen

A meeting to take a final call on the inclusion is scheduled for January 14, 2026, after which Bloomberg is expected to formally communicate its decision.

Rupee opens 5 paise down at 90.14 against the dollar on FPIs outflows

According to Bloomberg data, the rupee still remains the worst performing currency in Asia after the Indonesian rupiah and the Philippine peso

India Inc’s interest cover peaks, but the real story may be weak demand

Lower interest costs, tax tweaks and healthy balance sheets paint a bright picture. Yet underneath it all lies a question: is the economy signalling a demand problem?

Powell’s vote-gathering challenge shows test for next Fed chair

This year’s rate cuts have each come with dissenting votes. Three policymakers are expected to do so again at the central bank’s last gathering of the year.

RBI to conduct $5 billion USD/INR buy/sell swap auction on December 16

As per estimates by the experts, this auction will approximately inject Rs 45,000 crore liquidity to the banking system.

Bajaj Finance to disburse Rs 5,300 crore loans via voice bots

To accelerate growth momentum, the company needs to shift from product-centric to a customer-centric strategy, it has said

Banking Central | The RBI has cut rates. But nothing changes overnight

A 25 bps cut will help the economy, but don’t expect instant relief on your EMIs. Monetary policy works in slow motion.

Bank of Maharashtra slashes retail loan rates by 25 bps

With the revision effective Saturday, the bank’s home loan starts from 7.10 per cent interest rate and car loan from 7.45 per cent, which is among the lowest in the banking industry, BoM said in a statement.

Will USD/INR Buy/Sell swap help battle a turbulent rupee?

The local currency hit the all time low in this week and crossed 90-mark against the US dollar on persistent equity outflows and uncertainty around the India-US trade deal.

RBI MPC Analysis: Forget Rupee, focus on growth - the straight message from RBI Governor

Loans are set to get cheaper once again, which signals that banks are expected to play a pivotal role in lifting domestic growth, just like they did post pandemic. Is the market dynamics in favour of a quality credit growth; that’s the challenge ahead.

RBI factored in rupee’s current level while making CPI inflation projections, says Governor Sanjay Malhotra

The central bank revised down the CPI inflation by 60 basis points (Bps) for FY26 to 2 percent from 2.6 percent projected earlier.

RBI to launch 2-month drive to clear complaint backlog as Ombudsman pendency rises

The RBI will launch a special redressal drive from January 1 to address unresolved grievances under its ombudsman framework

RBI MPC | Is RBI preempting liquidity tightening in later part of December?

RBI cut repo rate by 25 bps and announced OMOs plus a USD/INR swap to inject durable liquidity ahead of December tax outflows, easing rate and liquidity stress.

Rupee falls 13 paise after RBI announces $5 billion 3-year USD/INR buy sell swaps

The local currency was trading at 89.98 against the dollar after opening at 89.85

Quick Take | What does the 25 bps rate cut mean for India’s economy now?

With inflation at historic lows, the RBI finally opens the tap. The 25 bps cut signals support for growth, but the central bank isn’t throwing caution to the winds.

RBI reduces FY26 inflation forecast to 2%

RBI projected Q3 FY26 inflation at 0.6% as compared to 1.8% earlier, and Q4 at 2.9% as compared to 4.0% earlier.

RBI raises FY26 GDP forecast to 7.3%

The inflation forecast for Q3 was revised to 7% from 6.4% earlier, and that for Q4 has been revised to 6.5% from 6.2%.

RBI MPC cuts repo rate by 25 bps amid comfort on inflation

The MPC kept the stance unchanged at 'Neutral'; RBI also decided to conduct open market operations of Rs 1 lakh crore in December

Bond yields fall 1 bps ahead of RBI policy announcement

On November 21, a Moneycontrol poll of economists, treasury heads and fund managers said that the RBI’s MPC is likely to cut repo rate by 25 basis points (bps) in the upcoming monetary policy due to the comfort provided by the lowest ever Consumer Price Index (CPI) inflation in the last two months.

Rupee opens 13 paise up against dollar at 89.85 ahead of RBI's monetary policy

A Moneycontrol poll expects the MPC to cut repo rate by 25 bps, drawing comfort from the low CPI inflation print

India may seek bids for $7 billion IDBI Bank stake this month

India is aiming to sell 60.72% in the Mumbai-based lender, which amounts to about $7.1 billion at IDBI Bank’s current market price.

RBI monetary policy on Friday; mixed expectations on rate cut, status quo

The meeting is taking place against the backdrop of falling inflation, rising GDP growth, the rupee crossing 90 against the dollar and ongoing geopolitical tensions.

Why is rate cut a tough call for RBI? Six factors to track in the December MPC meeting

Experts are of the view that the central bank will announce some measures on the liquidity front such as Open Market Operations (OMO) purchases to support banking system liquidity during time when the activity in the forex intervention has increased after rupee crossed 90-mark.

RBI to announce monetary policy amid expectations of 25-basis point reduction in repo rate

The MPC started its three-day deliberation on the next set of bi-monthly monetary policy on Wednesday.

RBI issues amendments to Gold Metal Loan scheme post examining feedback on draft norms

The central bank accepted the feedback on the ‘gold in raw form’ and have replaced the the term ‘Primary Gold’ as defined under extant regulations.

RBI issues amendments to Large Exposures Framework, intragroup transactions and exposures

The central bank said in the absence of explicit legal ring-fencing between a FBB and its HO, it has been decided to retain the draft proposal and reckon such exposures only on gross basis.

Bond markets expect OMO purchase announcement in RBI's Dec monetary policy

The central bank has so far conducted Rs 27,280 crore worth of OMO purchases in the secondary market. According to RBI data, the central bank conducted Rs 14,810 crore OMO purchases between November 10 and November 13, and Rs 12,470 crore between November 4 and November 7.

Barclays sees India's sovereign rating at mid-BBB by 2026 on fiscal momentum

While government debt remains elevated, falling financing costs, strong nominal GDP growth and improved tax buoyancy have helped stabilise the debt burden and reduce interest payment pressure, a Barclays report has said

Indian rupee closes above 90-mark on likely intervention by RBI

The local currency closed at 89.9750 against the US dollar, as compared to 90.4115 at open and 90.1913 at previous close against the greenback.