Banking

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.

Digital arrest: The case that could decide if bank is liable for forced money transfers 

Victims of  'digital arrest scams' argue that consent given under coercion is not valid; the consumer court is set to reassess how liability is defined in cyber fraud cases

Rupee opens flat at 85.97 against dollar, all eyes of US inflation data

The dollar holds near three-week high ahead of the release of the US inflation data which will offer clues to the monetary policy path

June inflation plunge sets stage for August MPC dilemma

With CPI inflation continuing to fall, the RBI’s Monetary Policy Committee faces a tough call: hold rates or continue pushing for growth?

HDFC Bank reduced high cost borrowing share to 14% in FY25, says CEO Sashidhar Jagdishan

According to the investor, the total borrowing of the bank stood at Rs 5.47 lakh crore as on March 31, 2025, as compared to Rs 6.62 lakh crore as on March 31, 2024.

HDFC Bank’s MD and CEO Sashidhar Jagdishan's FY25 pay package rises 12% to Rs 12.08 crore

Jagdishan's pay package includes basic salary of Rs 3.09 crore, allowances and perquisites of Rs 3.46 crore and performance bonus amounting to Rs 4.67 crore. Kaizad Bharucha, Deputy Managing Director of the bank was paid Rs 11.01 crore in FY25.

PSU banks lead private lenders in issuance of certificates of deposit in June

Of the total CD issued in June, share of Bank of Baroda, Canara Bank, Punjab National Bank, Union Bank of India, HDFC Bank, and Axis Bank, remained 76.2 percent.

Private banks beat PSBs on deposit growth in Q1FY26, per provisional data

Nonetheless, tepid growth in current and savings account deposits has sustained in the April-June quarter.

Citigroup’s India commercial banking chief Bhanu Vohra exits

Vohra is now on gardening leave and is exploring other career opportunities

Q1 FY26 life insurance preview: Product mix reset, digital shift among key trends to watch

HDFC Life, ICICI Prudential Life to report on July 15. The companies are likely to begin reconfiguring their product mix and offer more traditional participating and non-participating savings products.

IRDAI board meets today; may give nod to Patanjali-Magma deal, KIWI licence

In the absence of a full-time IRDAI chairman, the meeting will be held under the interim chairmanship of PK Arora, the senior-most member and actuary of the regulatory body, sources say

Rupee opens 21 paise down against dollar at 86.01 as dollar rises

The dollar index, which measures the American currency against a basket of six other currencies, rose to 97.95 in the early trade

Banking Central | RBI data has a lot to cheer about on banks’ asset quality but there’s a warning too

Gross NPAs at a multi-decadal low of 2.3% but stress tests signal risks of a rise to 5.3% or above by 2027 if the economy falters

Aggrieved Credit Suisse AT-1 bondholder approaches EOW against HDFC Bank officials

They allege mis-selling by HDFC Bank They were sold AT-1 bonds of Credit Suisse in May 2021. These bonds were written down to zero in March 2023 when Credit Suisse was merged with UBS. AT-1 holders had to take a complete write-off.

RBI clarifies loans against voluntary gold and silver pledged up to limit not norm violation

Last month, the central bank released the final guidelines for lending against gold and silver collateral.

RBI releases draft norms for Closure of Shipping Bills in the Export Data Processing and Monitoring System

The central bank has invited feedback by July 31, 2025, RBI release said.

Bank credit growth makes a comeback with 9.5% increase in June after hitting 3-year low in May

Deposit growth in the system at 10.06 percent on-year has outpaced credit growth by over 50 basis points (bps).

Rupee opens 20 paise down at 85.85 as dollar index rises

The dollar index rose to 97.867 after closing at 97.652 in the previous session

MC Explainer | Why investors are increasingly opting for demat mutual funds

At least four major platforms including Groww, Zerodha, Paytm Money, and Upstox now offer mutual funds in demat form, with Groww making it the default in 2025.

Lilavati Trust flags regulatory breach in HDFC Bank CEO’s 'covert' appointment by disputed trustee

The release by Lilavati Trust also that, as far as the Trust knows, neither the board of HDFC, SEBI, the RBI Governor, nor the Finance Ministry was aware of this appointment.

Federal Bank elevates CFO Venkatraman Venkateswaran to Executive Director

This move comes after the exit of Shalini Warrier, who previously held the position.

Life insurers premium growth slows in June despite private sector uptick; LIC steadies with modest gains

Private insurers led the momentum, with firms like Axis Max Life, ICICI Prudential, HDFC Life, Tata AIA, and SBI Life posting double-digit growth

Lilavati Medical Trust versus HDFC Bank: What the dispute is all about

The Supreme Court on July 4 declined to hear HDFC Bank CEO’s petition against the FIR filed by the Lilavati Medical Trust.

Karnataka Bank likely to elevate new COO Raghavendra Bhat as interim CEO

Managing director and CEO Srikrishnan Hari Hara Sarma resigned on June 29 and the resignation takes effect from July 15

How thorough are RBI’s stress tests?

RBI evaluates impact to NPAs and capital adequacy based on macroeconomic stresses under two scenarios. But surely it also needs to stress-test them against an increased demand for wholesale credit from industry and infrastructure. Even on interest rate risk management banks seem to be dependent on benign regulatory forbearance

The lender with zero net NPA: How SIDBI clocked Rs 4,811 crore profit on Rs 4.96 lakh crore loan book in FY25

Over 91% of SIDBI’s Rs 4.96 lakh crore loan book is through banks and NBFCs, helping it post Rs 4,811 crore profit in FY25 with zero net NPAs. Despite growing profits and income, rising borrowing costs squeezed margins, but low risks kept returns stable.

Rupee opens marginally higher at 85.61 against dollar tracking Asian peers

The dollar index, which measures the American currency against a basket of currencies, fell to 97.38 from the previous day's close of 97.55

General insurance premiums rise 5% yoy in June; Public insurers outshine private players

ICICI Lombard, HDFC Ergo see double-digit drop in monthly premiums, while New India Assurance and other PSUs post strong growth

Drivers' insurance on ride-hailing platforms falls short in implementation

Despite the legal requirement, many drivers remain unaware of such coverage, and even those who are aware often lack access to formal policy documents or clear instructions on how to make a claim, say experts.

Rupee opens 20 paise down at 85.90 against dollar on Trump's new tariff threats

Donald Trump has said he plans to set a 50 percent tariff on copper imports and has threatened a much higher rate on pharmaceuticals, which will kick in after a year

Why investors should look past NBFCs' Q1 numbers

The first quarter metrics won’t stretch to the rest of the year for NBFCs

Chart of the Day | What's behind the sharp surge in securitisation volumes in Q4?

NBFCs drive securitisation to Rs 49,000 crore but microfinance and smaller players falter

Why banks must reimagine themselves for a generation that is reimagining everything

Legacy banks must reinvent to meet Gen Z’s expectations for fast, frictionless, and mobile-first financial experiences. Challenger banks are setting the pace, and incumbents must adapt or risk losing relevance

Can a flood of liquidity trigger another round of high inflation?

In theory, this could fuel demand-pull inflation, as more money chases goods and services. The RBI, however, is playing a cautious game.

IndusInd Bank’s Q1 update signals a sobering year ahead

Microfinance misadventures have shown up as a big contraction in the loan book for Q1Highlights:

Banks Q1 earning preview| PAT to remain under pressure amid margin pressure

There has been greater pressure on banks' NIMs due to a downward repricing of External Benchmark Lending Rates amid front loading of rate cuts by the Reserve Bank of India in the last three monetary policies

Rs 1 crore ex-gratia not the final compensation for AI 171 crash: Air India to DGCA

On June 30, the DGCA had flagged concerns over Air India’s interim payouts falling short of international compensation standards.

Rupee trades past 86/USD, down 61 paise as Trump threaten additional tariffs on BRICS

The local currency, which opened at 85.5837 against the US dollar, fell to 86.0038 against the US dollar during the afternoon trade

Blackstone, Advent, EQT and Kedaara show interest in Axis Finance

Sources say major private equity funds have shown interest in picking up a significant minority interest in the company to begin with. They may make a bid to take controlling interest after three years from the date of initial investment.

Life insurers may see muted NBP growth, non-life and reinsurers to ride on health, motor premium during Q1FY26

Life insurers’ new business premiums rose 8.4% in April and 13% in May; non-life GDPI up over 10% in April–May, Star Health, ICICI Lombard, Bajaj Allianz set to post 8–20% growth in Q1 FY26

Govt advises PSU banks to shut dormant Jan Dhan accounts to curb frauds: Report

The lenders have been told not to keep the accounts running if they are not being used as they could be misused

Rupee opens 19 paise down at 85.58 over India-US trade deal uncertainty

The United States is from today expected to send out letters to trading partners informing them of higher tariffs, which will now kick in from August 1

Banking Central | Home Loans: Will lower rates spark a credit boom?

The link between lower rates and credit growth isn’t always straightforward. While cheaper loans are enticing, several factors could temper their impact. For one, consumer sentiment remains cautious.

Sigachi explosion: What the insurance covers & how claims will be settled

As investigators probe the cause of the blast, Moneycontrol explains the insurance mechanisms in place and how compensation will be processed.