Banking

The cut in the cash reserve ratio is expected to infuse Rs 2.5 lakh crore into the banking system which, banks hope, will improve lending sentiments during the upcoming festival season.

RBI extends call money, TREPs market trading timings

The trading hours for government bonds, foreign exchange and interest rate derivative markets have been left unchanged.

More top-level exits at IndusInd Bank’s micro-finance arm Bharat Financial amid loan book audit: Report

The senior-level churn follows an internal audit of the bank’s micro-finance portfolio, which is being conducted by IndusInd Bank’s internal audit team with support from global consultancy firm EY.

Rupee opens flat at 86 against the dollar as crude trades low

The rupee was holding the previous day's gain when it closed 77 paise up at 85.98 as crude tumbled following the Israel-Iran ceasefire

Chart of the Day | How crude oil prices influenced India inflation numbers in last decade

Oil price shocks extend beyond fuel costs and have broader impact on the economies

Equitas SFB, Edelweiss Life ink bancassurance partnership

The tie-up is part of Equitas SFB's strategy to offer holistic financial solutions encompassing savings, investments, and insurance.

RBI to conduct Rs 1 lakh cr VRRR auction on June 27 amid higher surplus liquidity

The VRRR is announced when the liquidity in the banking system remains more than Rs 2 lakh crore in the banking system and higher surplus funds are being parked by the banks in RBI’s standing deposit facility (SDF)

Rupee surges 77 paise, sees biggest single-day gain in a month as oil prices tumble

Brent crude, the global oil benchmark, plummeted 3.19% to $69.20 per barrel in futures trade as US President Donald Trump announced that Iran and Israel agreed to a ceasefire

Credit card, home loan originations growth rate decline in Q4FY25, shows TransUnion CIBIL India report

The share of new-to-credit customers in originations continued to decrease with lenders becoming cautious.

HDB’s right to use HDFC brand tied to July 2028 deadline; DRHP warns of potential rebranding

Trademark licence with HDFC Bank is revocable and ends when HDB ceases to be a subsidiary or by ​July 1, 2028 as per IPO documents. The DRHP points to funding and brand reliance, intra-group competition risks.

RBI invites call applications for positions of CAFRAL director, senior adviser

The Centre for Advanced Financial Research and Learning is an independent research and learning institute, which was set up by RBI in 2011

'Meeting-by-meeting' decisions needed, given the uncertainty, says RBI MPC member Saugata Bhattacharya

Given the present, evolving, and likely continued elevated levels of uncertainty, rate actions will have to be based on incoming data and an assessment of the associated macro-financial environment, Saugata Bhattacharya said during an interview.

Inflation to determine further rate cut trajectory, says RBI MPC member Nagesh Kumar

In view of difficult external circumstances requiring support to economic growth, and a favourable inflationary outlook providing headroom for further rate cuts, the case for a 50 basis points cut in the repo rate had become stronger at the June MPC meeting and hence received wide support, Kumar said in an interview.

IndusInd Bank’s MFI, unsecured loans under scanner for possible flouting of lending norms

The bank may have extended loans to husbands of some MFI borrowers to ensure that the loans didn’t turn bad, The practice, flagged during an audit, has since been stopped

Mixed signals from Middle East tensions leave RBI’s rate cut path in limbo

As the world scrambles to decode the uncertain status of the Iran-Israel conflict, India’s rate-setting panel may have to rethink its dovish stance amid oil shock risks.

Rupee opens 65 paise stronger at 86.11/USD after crude eases on Israel-Iran ceasefire, dollar weakens

The currency opened at 86.1050 against the US dollar as compared to 86.7525 against the greenback at previous close.

Growth concerns, a major pain point for investors in financials  

The broader consensus among investors seems to be that income growth among the population needs to improve for real credit demand to pick up.

RBI urges participants to onboard datasets on ULI to tap into its potential

ULI is being developed as a digital public infrastructure to expedite and simplify the loan disbursal process for MSMEs by allowing lenders to verify key documents and borrower credentials in real time.

FSIB invites application for Canara Bank's MD & CEO post by July 21

The post of MD & CEO, Canara Bank carries Pay Scale of Rs 2,05,400 - Rs 2,24,400/- [Level 16] plus allowances as admissible to Chief Executive of Public Sector Banks from time to time, release said.

RBI's gold reserves increase by $16.23 billion so far in 2025 amid rising uncertainty

The total gold held by the RBI was 879.58 metric tonnes as of March 31, 2025, compared to 822.10 metric tonnes as of March 31, 2024, reflecting an increase of 57.48 metric tonnes over the year, according to the RBI’s annual report.

Banking Central| RBI relief on project finance loans is a good step

RBI’s new project finance rules ease banking fears but demand sharper discipline.

India's 10-year bond yield rises 2 bps after US strikes Iran, dollar gains strength

The US dollar was stronger on higher investor demand in response to the rising geopolitical risks following US President Trump's strikes on Iran's nuclear facilities. Some currency market told Reuters that the rise in oil prices following the US action was milder than expected, with markets choosing to wait and see to what extend Iran would respond.

RBI's change in norms for NBFCs led to HDFC- HDFC Bank merger, says Deepak Parekh

The former HDFC chairman said ICICI Bank once made an offer to take over the mortgage lender but it was declined. On a podcast with ICICI Bank’s former chief, Chanda Kochhar, he recalled his most memorable experiences with the banking regulator

Rupee opens 16 paise down at 86.75 after US strikes on Iran send crude higher

Brent was trading at $78.16 a barrel, up $1.15 or 1.49 percent from previous close of $77.01

RBI tightens oversight of bank board deliberations: Report

Regulators are also examining discrepancies, if any, between the audio recordings of board meetings and the written minutes

MPC minutes signal RBI may keep its powder dry ahead

If a rate cut happens at all, it will likely come only by year-end, once the effects of already-taken rate actions play out fully. The MPC needs time to assess the impact of its front-loaded moves.

Deepak Parekh bats for SLR cut to free up more funds to lend

The demand for SLR comes after the RBI has cut cash reserve ratio by 100 basis points to improve liquidity

SBI eyes Rs 25,000 crore via QIP, kicks off hunt for investment advisors

A QIP is often seen as a faster alternative to rights issues or follow-on public offerings, enabling publicly listed firms to raise capital by offering shares or convertible instruments to institutional investors

Indian rupee may breach 87-mark amid heightened global uncertainties

Experts believe that the excessive volatility in the rupee may prompt the Reserve Bank of India (RBI) to intervene in the market to curb volatility. If Indian rupee breaches the 87-mark, it would be first time since mid-March this year that it will touch that level.

Deepak Parekh reveals ICICI Bank’s offer to acquire HDFC Ltd before reverse merger

Interestingly, creation of HDFC Ltd was financially supported by erstwhile ICICI Ltd, the parent entity of ICICI Bank.

PNB manager among two held as CBI probes Rs 183-crore bank guarantee fraud in MP projects

During the verification process, MPJNL received emails, seemingly from Punjab National Bank’s official domain, confirming the guarantees. However, these were later found to be fake.

RBI cuts small finance banks' lending requirement to priority sectors

Small finance banks currently have to extend 75% of their loans to priority sectors. After a review, the Reserve Bank of India has effectively cut the requirement to 60% of total lending.

MPC minutes: 100 bps rate cuts provide certainty in uncertain times, support growth, says RBI Governor

The package of measures will provide some certainty in the times of uncertainty and is expected to support growth, says RBI Governor Sanjay Malhotra

HDB Financial’s IPO leaves close to 50,000 early investors face up to 48% notional loss

Priced at Rs 700–740 per share, the IPO is up to 50 percent below levels paid by early investors pre-IPO

MC Explained | ‘Dark patterns’ and ‘privacy zuckering’: Why they're the next big buzzwords in Insurance

A LocalCircles survey has revealed that digital insurance platforms are using tactics such as pre-ticked boxes, policy bundling and 'privacy zuckering' to push unwanted products and collect excessive data, prompting regulatory scrutiny.

RBI MPC minutes: Members saw strong case for rate cut to aid growth on benign inflation view

Baseline outlook for FY26 inflation largely comfortable. Core CPI trends show underlying inflation pressures contained, says MPC member Rajiv Ranjan

Vault Matters | The sudden rush of action in financial services sector

Development in the financial services space is a mix of good, bad and ugly. Nonetheless, the current happenings and its impact, expected to unravel in the next 12 - 18 months, will be critical in shaping the medium-term outlook for the financial services sector

RBI ramps up scrutiny on treasury operations, derivatives books in private, foreign banks

The central bank has increased scrutiny of the derivatives books of private and foreign banks, sources said. Scrutiny of other banks has increased after the IndusInd Bank earlier this year reported a Rs 1,959.8-crore discrepancy in its derivatives portfolio

Rupee opens 11 paise up at 86.62 against dollar as crude eases

Trump will decide within the next two weeks whether the US will take action, as there is a possibility of upcoming negotiations with Iran, press secretary Karoline Leavitt has said

Sanjay Malhotra’s Six Months at RBI: Bold bets, bumpy roads

Unlike his predecessor Shaktikanta Das, Malhotra has leaned decisively toward growth.

RBI's project finance norms, effective October 1, require banks to maintain provision of 1-1.25% in construction phase

The norms will come into force with effect from October 01, 2025, RBI said . In February, RBI Governor Sanjay Malhotra had said that project financing norms will get deferred by a year and are not to going be implemented before March 31, 2026.

Credit-life policies fall 30% in FY25 for top life insurers, as they pull back from MFI market

Major players such as HDFC Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance, and Bajaj Allianz Life Insurance have significantly cut their exposure to group product category in FY25.

Mumbai Police’s EoW registers fresh case in New India Co-operative Bank for alleged Rs 24.93 cr fraud

The accused bank officials formed a criminal conspiracy and sanctioned loans to Harinder Pal Singh's Percept Group companies to the tune of Rs 77 crore, without completing due diligence, says the complaint

RBL Bank appoints Yes Bank's Sanjiv Roy to head wealth management business

The bank is also exploring opportunities to partner with a few wealth management companies to start the operations, sources told Moneycontrol

Rupee opens 8 paise down at 86.55 against dollar as Fed holds rates steady

The dollar index surge after the US Federal Reserve left rates unchanged at 4.25-4.5 percent

Private banks and SFB 'Completeness' score fell on RBI's Data Quality Index

The overall Supervisory Data Quality Index (sDQI) score of Scheduled Commercial Banks (SCBs) has improved in March 2025 to 89.3, as compared to 88.6 in March 2024, RBI release showed.

Standard Chartered faces RBI scrutiny over lapses in derivatives sales

The RBI’s review of Standard Chartered is ongoing, with focus on derivative products and risk governance

Why RBI wants to align call money rate to repo rate

Market participants said call money rates should be lower than the repo rate, but that excessively lower rates could lead to inflation.

Rupee opens 11 paise down against dollar at 86.35 as crude climbs 4%

Oil prices jumped over 4 percent as the Iran-Israel conflict intensifies

LTV Boost for Gold Loans: A shot in the arm for NBFCs, but risks loom large

RBI’s higher LTV ceiling sparks opportunity for NBFCs, but gold price volatility demands tight risk controls