Banking

While deliberations on succession plan would start in 6 - 8 months, Jain to remain at the helm of affairs till March 2028.

Bajaj Finance curtails Karnataka exposure by up to 50%, amid political, regulatory risk: MD Rajeev Jain

Karnataka accounted for 11 percent of the company’s balance sheet, making this a significant recalibration

Bajaj Finance reports Rs 1,556 crore microfinance loans in Q1FY26 after separating MFI from Rural B2C Portfolio

In April-June quarter, Bajaj Finance has separated microfinance business from the Rural B2C loans. The company is sourcing MFI business through MFI branches.

Canara Bank’s current account deposits fell sharply in Q1FY26 as 4-5 key PSUs deployed funds

In the April–June quarter, the bank’s current account deposits declined by 30.57 percent quarter-on-quarter to Rs 54,045 crore, down from Rs 77,841 crore in Q4 FY25, according to the investor presentation.

SBI Life Insurance Q1 FY26 Results: Net profit rises 14% to Rs 594 crore

The company’s gross premium income for the quarter stood at Rs 17,178.5 crore, marking a 14 percent increase over Rs 15,105.5 crore recorded in Q1 FY25

Strategic decisions to be taken when SMBC comes board: Prashant Kumar, MD & CEO, Yes Bank

On the retail front, while the RDIF book should shrink by Rs 7,000–8,000 crore this year, concerns pertaining to weak asset quality have to do with the quick flip in the retail credit cycle, Kumar said

Ajay Seth named IRDAI chairman for three-year term

His appointment was confirmed through an official government notification, and he will hold the position for a tenure of three years.

Govt to work with regulator to ensure small NBFCs' compliance is proportionate: finance ministry official

Ashish Madhaorao More, joint secretary in the finance ministry, has also said NBFCs are uniquely positioned to break the last-mile green finance gap and can help India meet its emission goals

PSU banks’ borrowing share in uncollateralised money segment fell to 3% in 2024: RBI

The bulletin added that activity in the money market had risen significantly in recent years, with the collateralised segment, led by the tri-party repo, dominating in terms of transaction volume.

Rupee opens 9 paise up at 86.33 as dollar eases

For the day, the rupee is expected to in the 85.80–86.70 range

MC Explainer | Tesla’s India entry puts spotlight on EV battery insurance: What it is and why it matters 

As Tesla drives into India, Moneycontrol unpacks the evolving landscape of EV battery insurance and what it means for insurers, automakers, and consumers alike

RBI rate cut fuels corporate borrowing rush: CP issuances surge 20% in Q1FY26

Around 27 percent of the total funds raised in Q1FY26 were mobilised by just five large corporates: National Bank for Agriculture and Rural Development, Indian Oil Corporation, Small Industries Development Bank of India, Reliance Jio Infocomm, and Reliance Retail Ventures.

India’s forex reserves provide 95% cover for outstanding external debt: RBI Bulletin

As per RBI’s data, India’s foreign exchange reserves fell $3.06 billion to $696.7 billion for the week ending July 11.

Sticky last-mile disinflation forces central banks in advance economies to hold rates: RBI bulletin

In their monetary policy meetings held in June and up to July 18, central banks of most advanced economies continued to hold or cut their policy rates

RBI to inject Rs 50,000 cr via two-day VRR as call rate hits above repo rate

The announcement comes at a time when the liquidity in the banking system is in huge surplus of around Rs 2.42 lakh crore.

SBI eyes spot among top 10 global banks by market cap in 5 years: Chairman CS Setty

Setty says investor response to SBI’s QIP was beyond expectations

Rupee opens 4 paise down at 86.41 against the dollar

The yen rose to 146.88 after President Donald Trump said he reached a trade deal with Japan that will set tariffs on Japanese imports at 15% and also bring in $550 billion in investments

Extended trading hours drive call money share to over 3% of money market

Historically, the share of call money volumes in the total turnover has remained in the range of 2-2.5 percent, however, in some instances, the share has increased to 3 percent due to higher demand for funds.

Chart of the Day | Insurance industry hits the brakes as motor, health segments lose steam

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?