Banking

Currently, the liquidity in the banking system is in surplus of around Rs 4.04 lakh crore as on July 3, as per RBI’s data.

SC refuses to entertain HDFC Bank CEO's plea to quash Lilavati Trust's FIR

On July 3, HDFC Bank’s CEO had approached the Supreme Court seeking to quash the FIR registered by Lilavati Medical Trust.

NBFCs' AUM to see 5-25% impact amid waiver of foreclosure charges by RBI: Report

On July 2, the Reserve Bank of India (RBI) has asked banks and non-banking financial companies (NBFCs) to not charge any prepayment penalty on floating rate loans to micro and small enterprises (MSEs), sanctioned or renewed from January 1, 2026.

Vault Matters | ‘True and Fair’ or ‘True and Correct’: What should be the objective of a statutory audit?

Given the complexity of business and accounting practices, and the growing list of interested stakeholders, it is critical that we reset the objective of statutory audit. It should rise above the customary tick mark with a lilac pen and a documents compilation process

Indian rupee opens 7 paise lower at 85.3938 on rally in dollar index

Dollar index, which measures the American currency against a basket of currencies, stood at 97.037 in the early morning trade

Can a unique borrower ID be a game changer in India’s loan market?

RBI’s unique borrower identifier promises to streamline credit access but raises concerns about data security and equitable implementation.

RBI to conduct Rs 1 lakh cr 7-day variable rate reverse repo auction on July 4

On July 1, Moneycontrol had reported that the RBI will conduct more variable rate reverse repo (VRRR) auctions to remove excess funds from the banking system and maintain liquidity at 1 percent of net demand and time liabilities (NDTL).

No compensation under Motor Vehicles Act for deaths caused by rash driving, says Supreme Court: Report

Investigation must prove the deceased was not at fault, through police chargesheet, eyewitness accounts, expert reports, and absence of negligence, to claim compensation, say legal experts

Tata Capital rights issue at nearly one-third the unlisted price

The funds are likely to be utilised for absorbing incremental credit costs owing to the merger of Tata Motors Finance with Tata Capital.

Central govt’s T-bill borrowing cost falls over 90 bps amid surplus liquidity, RBI rate cuts

Money market experts said that short-term rates may come down further after the phased cash reserve ratio cut from September.

RBI pushes for real-time cyber fraud checks with DoT’s risk indicator

This tool enables banks, NBFCs, and UPI platforms to take preemptive steps by focusing their attention on mobile numbers with high-risk indicators.

Rupee gains 44 paise to 85.27 vs Dollar on hopes of India-US trade deal

Stronger equity markets and softer oil prices also support currency.

Rupee opens 5 paise up at 85.66 against dollar on India-US deal optimism

Trump's announcement of a trade deal with Vietnam has raised hopes of India and the US reaching a similar arrangement before July 9

How deep is the slowdown in bank credit?

MSME credit is the silver lining in bank loan growth, growing at 14.6 percent in May

RBI directs banks, other lenders not to levy pre-payment charges on biz loans to individuals, MSEs

In a circular, the Reserve Bank said the availability of easy and affordable financing to micro and small enterprises (MSEs) is of paramount importance.

Life Insurance Council launches 'Sabse Pehle Life Insurance' campaign, aims Rs 160 cr spend every year

The total premium of life insurance companies have grown at 10 percent CAGR in last five years, according to the press release.

No immediate restrictions planned on bancassurance model: IRDAI sources

The Centre has been nudging IRDAI to scale up inspections of insurance companies and penalise those flouting norms, particularly in the health insurance segment

Rupee opens 6 paise down at 85.59 against the dollar as tariff worries resurface

Tariff worries as July 9 looms weigh on sentiment even as India and the US make a final push to seal a mini-deal

What's holding rupee at 85-86 levels against US dollar?

Experts said that the domestic currency is likely to trade in the range of 85.25 to 86.25 against the US dollar in next few months as geopolitical tensions wanes

NPAs, capital adequacy to get impacted post amalgamation, says Saraswat Co-operative Bank chairman

On July 1, Saraswat Co-operative Bank has announced its intent to merge crisis-riden New India Co-operative Bank.

Chart of the Day | Microfinance in India: Is the worst over?

India's microfinance sector teeters between recovery and ruin as NPAs soar to over Rs 55,000 crore, testing the resilience of microlenders

Saraswat Co-operative Bank announces intent to merge New India Cooperative Bank into itself

The voluntarily amalgamation subject to approval of shareholders of both banks. Saraswat Co-operative Bank will be taking over all the assets and liabilities of New India Cooperative Bank, post-merger.

RBI may conduct more VRRR auctions as liquidity remains in huge surplus

Expectations for additional VRRR auctions rose after the liquidity in the banking system remained in huge surplus despite the central bank last week conducting a VRRR auction to remove excess liquidity.

PSU banks’ 72 board-level vacancies spark concerns over governance, decision-making

Bank of Maharashtra has the highest number of 8 vacant posts, followed by 7 each in Bank of India, Punjab & Sind Bank, and State Bank of India. Union Bank of India has the MD & CEO position vacant since June 3, 2025.

Karnataka Bank’s top brass exit: Personal reasons or boardroom friction?

Karnataka Bank’s CEO and Executive Director step down citing personal reasons, but governance-related concerns and board-level differences are also in focus.

Rupee opens 14 paise up as dollar index hits multi-year low

Dollar index, which measures the American currency against a basket of currencies, fell to 96.734 in the early morning trade, as compared to 96.875 in the previous trading session.

Gross NPA of 46 banks may marginally rise to 2.5% by March 2027: RBI Financial Stability Report

Schedule commercial continued to record improvement in their asset quality, with the gross NPA ratio and net NPA ratio declining to multi-decadal lows of 2.3 per cent and 0.5 per cent, respectively.

Private banks’ fresh slippages in unsecured retail loans sharply higher than peers: RBI

Of the total fresh slippages in unsecured retail loans, private banks’ share was 78.9 percent in the second half of the financial year 2024-25, while public sector banks had an 11.3 percent share and small finance banks had a 6.4 percent share, according to the RBI’s Financial Stability Report.

PSU & private banks clock 60% higher gains in held-to-maturity bonds in H2FY25

During the March 2025 quarter, unrealised gains rose across all categories of the held-to-maturity book, benefitting from the falling yield curve.

Geopolitical headwinds, elevated uncertainty pose downward risks to growth: RBI's Financial Stability Report

The report said that it is estimated that a 100 basis points (bps) slowdown in global growth can, ceteris paribus, pull down India’s growth by 30 bps.

PSU banks gain favour with states as private lenders fall short on welfare delivery

The Odisha government recently removed HDFC Bank, ICICI Bank, and Axis Bank from the list of banks empanelled for handling business and deposits of state government. Punjab made a similar moves a few weeks ago

Global banks may push back on RBI’s offshore swap reporting plan

Complying with RBI's directive could raise concerns about client confidentiality and lead to jurisdictional complications with other monetary authorities

PSU lender flags NPA risk as Telangana faces Rs 1,400-crore irrigation loan default: Report

Two Telangana irrigation SPVs face potential NPA classification as REC flags overdue repayments, raising concerns over state-backed off-budget borrowing and its impact on PSU lenders

Rupee opens flat at 85.4875/USD as dollar index trades lower

On June 27, China confirmed that it had reached a trade deal with the United States. The country’s Ministry of Commerce outlined the details of the trade framework during a press briefing in Beijing.

Banking Central | Indian Banks’ mis-selling mess: Act now or pay later

The banking sector must clean up its act on mis-selling financial products, the RBI has cautioned

Karnataka Bank CEO Sarma steps down due to differences with board

Sources say the board refused to ratify certain consultancy payments incurred by the bank, which resulted in differences between the CEO, another senior official, and the board

State government to borrow Rs 2.87 lakh crore during July-September quarter vis SDL

Every week’s borrowing amount is ranging between Rs 15,000 crore to Rs 26,000 crore.

Net NRI claims falls by $34.2 billion during Q4FY25, shows RBI data

During 2024-25, the net claims of non-residents declined by $31.2 billion on the back of higher rise in India’s external financial assets ($105.4 billion) vis-à-vis external financial liabilities ($74.2 billion), RBI data showed.

India’s external debt rises 10.1% to $736.3 billion as of end-March 2025

The external debt-to-GDP ratio increased to 19.1 percent as of end-March 2025 from 18.5 percent as of end-March 2024, the RBI data showed.

Vault Matters | HDB Financial’s IPO is a much needed reality check

A host of issues has gone against the company. However, the key takeaway is that being a part of a big house alone is not enough to sell a story to investors

Bandhan Life targets 100% annual growth in premiums for next 2 years, eyes composite licensing: MD & CEO Satishwar B

Composite licensing could help attract greater foreign direct investments, as it would encourage global health insurance experts to enter the Indian market, Satishwar says

ICICI Prudential Life launches ‘SIP+’, targets young investors

The market-linked insurance product, which requires a starting monthly premium of just Rs 1,000, blends investment and insurance, the company has said

RBI removes Rs 84,975 crore via 7-day VRRR auction

The move will reduce surplus liquidity in the banking system and could push up rise in overnight rates

Rupee opens 20 paise up as dollar index remain lower

The dollar index was trading at 97.266 in the morning

What the CD issuance pattern of Indian banks tells us

Public sector banks now dominate the CD market, signalling shifting liquidity dynamics and raising questions on long-term funding strategies

Nirmala Sitharaman to meet heads of public sector banks on Friday, may exhort them to push lending

All 12 public sector banks had earned a total profit of Rs 1.41 lakh crore in FY’24.

RBI brings back 100.32 metric tonnes gold to India from overseas vaults in FY25

The increase in physical gold holdings in India has come at a time of global uncertainty, especially in the world’s largest economy, the US, which has undergone political changes, imposed tariffs, and faces recession risks and a potential economic slowdown.

Rupee shrugs uncertainties back in 85 zone, up 20 paise at 85.88/USD

Donald Trump's comments on replacing Fed chief Jerome Powell saw the dollar index falling to over three and half years' low of 97.31

India, China trimming US treasury holdings on concerns over US credit rating, rising debt pile

China has reduced exposure to US treasuries by 1.8 percent or $13.5 billion in its portfolio and India cut holdings by 0.4 percent or $1 billion, between April 2024 and April 2025.

NRI deposits rise 0.46% in April 2025, driven by surge in FCNR(B) deposits, RBI bulletin says

Inflows for NRO accounts in April 2025 were at $31 million, as against a higher $103 million provisionally recorded for April 2024-26, bulletin says