Banking

The general insurance sector’s modest 9% growth in Q1FY26 suggests deeper cracks—weak auto sales, regulatory hurdles and cutthroat pricing are putting the brakes on an industry that once promised double-digit expansion.

CreditAccess Grameen’s Q1 FY26 shows sector’s weak spots

An 84.9 per cent profit drop signals big risks for microfinance, even as growth looks strong.

Customer complaints are rising, but real crisis is lack of empathy: RBI DG Swaminathan J

As per RBI’s latest annual report, customer grievances saw a marginal increase in FY25, reaching 2.96 lakh complaints, up from 2.93 lakh in the previous fiscal year.

Private banks’ Q1 FY26 numbers reflect caution, restraint

Prudence is the sharpest tool in this uncertain terrain, and banks choosing caution over reckless growth are likely to emerge stronger when the skies clear

L&T Finance may focus more on loans with PSL benefit to reduce borrowing cost, says CEO Sudipta Roy

The company will be launching new products in Q1FY27 as part of the Lakshya 31. These products will be mixed of secured and unsecured, Roy said.

IRDAI Chairperson search hits roadblock as top candidates refuse to move to Hyderabad

Despite the ongoing process, top candidates are reportedly declining the offer due to unwillingness to relocate to Hyderabad, where the IRDAI is headquartered in the Financial District of Nanakramguda, Gachibowli.

IDBI Bank Q1FY26 Results: Net profit rises 17% YoY to Rs 2,007 crore, NIM declines 3.68%

Shares of IDBI Bank were trading at Rs 93.35 on the NSE as of 2:30 PM IST on July 21

Committed to providing $1billion in financing to female entrepreneurs by 2028, says Standard Chartered's Xie Wen

Green loans is another area of interest for the global head of SME Banking at the London-based bank. India is one of the top 3 markets, with climate investment potential of $543 billion, says Xie Wen

Rupee opens 11 paise down at 86.26 as dollar index trades high again

The US Federal Reserve chair Jerome Powell's July 22 remarks will be closely tracked after US President Donald Trump seems to have backtracked on the threat to sack him

Banking Central | RBI sounds the climate alarm. Are the banks listening?

The RBI’s Financial Stability Report flags climate shocks as a growing threat to financial stability and urges banks to be ready for physical and transition risks that could disrupt the system. The industry must take note

Large corporates ditch bank loans for cheaper capital markets as lending growth slows: Report

With interest rates falling and bond markets offering better terms, Indian companies are turning away from traditional bank funding.

RBI clears Warburg Pincus arm Currant Sea to acquire 9.99% stake in IDFC First Bank

This follows a similar clearance granted by the Competition Commission of India (CCI) on June 3 for the proposed investment. Currant Sea had approached the CCI in April seeking approval for the stake acquisition.

Union Bank of India’s RAM segment to grow 10-15% in FY26, says ED Nitesh Rajan

Ranjan said that the bank have sanctions of around Rs 1500-2000 crore to two to three electric vehicle manufacturing.

HDFC Bank expects branch expansion to normalise in FY26, sees margin revival by FY27

The bulk of the groundwork to expand reach through branch expansion is now largely complete, bank's CFO said

SMBC stake deal likely to conclude by September, says Yes Bank CEO Prashant Kumar

SMBC has filed with both the Reserve Bank and the Competition Commission for regulatory approvals

ICICI Bank's corporate loan book declines sequentially on competitive pricing, seasonal factors

Net interest margins of the bank will compress further in the next quarter from 4.34 percent in the current quarter, Batra said.

Union Bank of India Q1 Results| PAT rises 12% to Rs 4,116 crore

In April-June quarter, net interest income of the bank increased by 3.53 percent on-year to Rs 27,296 crore, from Rs 26,364 crore in a year ago period.

ICICI Bank Q1 Results: Net profit jumps 15% on-year to Rs 12,768 crore, beats Street estimate

ICICI Bank Q1 FY26 Results: Net profit jumps 15% year-on-year, beating analyst expectations. Board approves acquisition of 100% shareholding in ICICI Prudential Pension Funds.

HDFC Bank Q1 net profit up 12.2% on Rs 9,128 crore gain from HDB Financial IPO

HDFC Bank declares Q1 FY26 results: Check net interest income, net profit, NIM, asset quality, other details

RBL Bank Q1 profit slumps 46% to Rs 200 crore on higher provisions; CEO expects margin rebound from Q3

Margins have bottomed out; recovery expected from Q3, says RBL Bank CEO Subramaniakumar

South India Bank to face pressure on NIMs amid RBI’s rate cut: CEO Seshadri

The bank expect majority of growth coming from retail, loan against property, housing, MSME business in upcoming quarters, which will help bank to grow advances book by more than 12 percent, Seshadri said.

70% of Bandhan Bank’s gross slippages in Q1 FY26 came from microfinance portfolio: CEO Sengupta

Looking ahead, the bank expects a gradual improvement in asset quality in Q2, and reiterated its full-year credit cost guidance of 2.5 percent

IndusInd Bank to consider raising funds in upcoming board meeting

IndusInd Bank took a $230 million hit in the fiscal year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April

Bandhan Bank Q1 results: Net profit declines 65% to Rs 372 crore

The bank’s total income for the quarter stood at Rs 6,201.49 crore, up marginally from Rs 6,081.73 crore in Q1 FY25.

Indian Overseas Bank to launch Rs 4,000-cr QIP in tranches in Q3, says CEO

Post the QIP, the shareholdings of government in the bank will reduce to 90 percent, from current 94.81 percent as on June 30, 2025, Srivastava said.

Tesla teams up with Kotak Mahindra Prime for EV financing in India

The tie-up is expected to enable a smoother, tech-integrated financing experience for Indian buyers of Tesla’s electric cars, the company has said

The debate over foreign ownership of Indian banks: How the rules might change

Technically today, a foreign bank can own even 51% in an Indian bank. But as said before, the Banking Regulation Act doesn’t allow a single entity to have more than 26% voting rights in a bank.

RBI said to have asked IndusInd Bank’s board to expand CEO search

The board of IndusInd Bank, which furnished some names for the CEO's position in mid-June, has been informally told by the RBI to look at more candidates, sources say

Axis Bank’s Arjun Chowdhry resigns, Neeraj Gambhir elevated as ED

Chowdhry a high-profile banker in the consumer banking space, had joined the Axis Bank post acquisition of Citibank India’s consumer business on March 1, 2023, by Axis Bank.

HDFC Life insured 5 crore lives in FY25, but 97% were through group schemes

According to HDFC Life’s annual report, the company issued only 12.7 lakh individual policies during the financial year

IRDAI likely to notify risk-based capital norms in Aug, phased rollout to follow

This implementation is aimed at giving insurers time to build the necessary internal capacity for the model without disrupting day-to-day operations.

Vault Matters: Why RBI should play a more proactive role as a supervisor

Senior supervisory managers upping their engagement with banks has instilled disciple and brought about some moral responsibility in dealing with matters that are not clear-cut. But can supervision be made proactive? How about involving SSMs as observers in critical board meetings, such as the Audit Committee Board (ACB) for a start?

Axis Bank Q1 FY26 – Can it bounce back after a quarter of misses?

Challenges remain and a gradual recovery is likely from FY27

Private bank CEOs see muted salary hikes in FY25, Kotak Bank CEO drew highest pay

The combined take home salaries of top 10 state-owned banks chief stood at Rs 5.13 crore in FY25, less than half of HDFC Bank CEO's take home pay.

RBI’s liquidity absorption via VRRR auction narrows funds with SDF to Rs 1 lakh crore

The central bank has so far absorbed Rs 4.91 lakh crore from the banking system through VRRR auction. Apart from falling funds in the SDF, the overall surplus liquidity in the banking system has narrowed to around Rs 3 lakh crore, from over Rs 4 lakh crore in the start of July.

Rupee opens 8 paise up at 85.99 as dollar index eases

The spot USD/INR resistance is at 86.27 and support level at 85.65, say experts

Worsening asset quality in Q1FY26 pulls down Axis Bank’s GDR by 4%

The asset quality of the bank deteriorated in April-June quarter on sharp increase in the gross slippages due to technical impact. The gross and net non-performing asset ratio of the bank increased by 30 basis points (Bps) and 15 bps, respectively, on a yearly basis.

Why interoperable netbanking is the next big leap for India’s payments infrastructure

UPI revolutionised retail payments. Large ticket transactions, mostly at the wholesale level, are still executed through a clunky process. That may soon be a thing of the past as the payment regulator is working on transforming this space

KKR releases mid-year global macro outlook, urges investors to ‘make their own luck’ amid volatility

Rather than leaning into broad beta exposure, the firm recommends emphasising “control” in portfolios, whether through private equity investments with operational levers, or real assets offering inflation-linked cash flows

IPOs of SME lenders Veritas Finance & SK Finance likely in August

According to sources, both companies are in the process of roadshows and are likely to roll out their IPOs by early next month.

Q1FY26 earnings: HDFC Life, ICICI Prudential rebalance product mix, inch towards protection-led growth

Both insurers are actively shifting from market-linked to guaranteed products and recalibrating margins impacted by regulatory changes, especially around surrender values

Will easing inflation pave the way for more rate cuts?

A few economists are of the view that even though easing inflation and outlook might prompt the central bank to cut rates, a pause in the August policy cannot be ruled out after the 50 bps rate cut in the June policy.

Businesses that are national champions must go public: Gopal Jain, Gaja Capital

Speaking exclusively to Moneycontrol, Jain laid out why India is becoming a hit destination for global PE investors, and how the development of a good exit option through IPOs will be a magnet to attract more foreign money.

Rupee opens 18 paise down at 85.99 as dollar gains amid rise in US inflation

The consumer price index of US, excluding the volatile food and energy categories, went up 0.2% from May. On an annual basis, it advanced 2.9%

Chart of the Day | How food inflation has influenced headline CPI so far this year

With food inflation turning negative, India’s CPI hits a six-year low, but can this trend hold?

Rules under review on 26% stake by foreign banks in Indian lenders, says RBI Governor

The comment comes amid interest from global lenders such as SMBC in Yes Bank and NBD in RBL Bank

ICICI Lombard reports 47% increase in net profit to Rs 746.6 crore, driven by motor segment growth

Net income from investments increased to Rs 94,274 lakh, up 11.6 percent from Rs 84,457 lakh in Q1 FY25

SBI seeks senior creditor status for NHAI investment trust to stave off default concerns: Report

The lender, the country's largest, has written to the National Highway Authority of India seeking this status on its investments in National Highways Infra Trust

ICICI Prudential Life Q1 results: Net profit rises 34% to Rs 302 crore

Annualised Premium Equivalent (APE) declined 5 percent year-on-year to Rs 1,864 crore following a 9.5 percent drop in savings APE

MTNL defaults on Rs 8,585 crore principal and interest payments of 7 PSU banks as of June 2025

The overdue principal on all the seven banks was Rs 1,868.61 crore, according to an exchange filing.