Banking

"...whatever Sebi’s remit is, Sebi is doing. It is RBI’s remit but if there are any egregious violations by anyone in its capacity Sebi is looking into it," said Sebi's Tuhin Kanta Pandey.

Banking on AI: How financial institutions can stay ahead

AI is transforming India’s financial services sector. Banks must integrate AI strategically, balance innovation with regulation, and adopt responsible AI to enhance productivity, customer experience, and long-term growth

Rupee opens six paise higher at 85.58, tracking weak dollar index over US fiscal concerns

The struggle for US Dollar continued since Moody’s announced its downgrade of the US credit rating.

IndusInd Bank unearths fraud, investor confidence to hit rock bottom

The board found out that a bunch of key personnel perpetrated fraudulent accounting practices

IndusInd Bank to keep selective exposure to large corporate loans, says management

In the reporting quarter, the bank has let go some corporate accounts for balance sheet management and liquidity management. This has led to fall in corporate loan growth, lender said.

IndusInd Bank in process to take steps to assess roles, fixing staff accountability

Mehta said bank will submit the recommendation of chief executive officers (CEO) names to the Reserve Bank of India (RBI) by June 30.

PFC to raise 15-20% of Rs 1.4 lakh crore via overseas market in FY26: Chairman Parminder Chopra

The company will raise the funds from overseas market through bonds and syndicated loans, Chopra said.

IndusInd Bank reports a worse-than-feared net loss of Rs 2328.92 crore for Q4FY25, NPAs rise

This is first earnings report by the bank after it uncovered accounting discrepancies, and under scrutiny due to multiple audits and top-level resignations.

IndusInd Bank suspects fraud, certain employees played significant role in recent lapses

The bank said it has appropriately accounted for and reflected the financial impact of all discrepancies while finalizing its results, and has received investigation reports from an external professional firm and its Internal Audit Department (IAD).

RBL Bank evaluating opportunities in wealth management, says CEO

In an exclusive conversation, R Subramaniakumar, MD & CEO of RBL Bank said the bank’s interest in wealth management stems from its shift towards a customer-centric rather than a product-centric approach.

RBL Bank's MD and CEO sees balance sheet risk reducing, plans to leverage scale across products

Whether microfinance, credit cards, mortgages or other secured loans, Kumar is clear that all segments will continue to remain relevant for the bank and contribute amply to the bottom line.

TransUnion CIBIL's Bhavesh Jain makes a case for daily submissions of borrowers' credit records

TransUnion CIBIL said the credit growth has been significant and the portfolio qualities too have remained stable because of the credit infrastructure, availability of information and objective underwriting. The CIC does not see unsecured delinquency transmitting to secured loans.

Indian rupee opens flat at 85.64 against the US dollar

Dollar index eased after the concerns over the US economic and fiscal outlook.

MC Interview| Samena Capital commits Rs 500 crore for UGRO Capital's preferential allotment

The board of directors of UGRO Capital on May 20 approved the fund raising of Rs 400 crore through issuance of equity shares by way of rights issue and Rs 914.30 crore via issuance of unsecured compulsorily convertible debentures (CCDs).

Chart of the Day | FD rates are falling fast; SBI the latest in the rate cut club

A look at the bank rate actions on deposit rates so far.

How a small Southern bank is outshining peers in profitability

The management’s guidance on margins for FY26 is modest

CCI approves stake acquisition in Bajaj Allianz entities by Bajaj Finserv, Bajaj Holdings & Jamnalal Sons

The financial terms of the transaction have not been disclosed yet

State Bank of India to raise up to $3 billion this year via public offer or debt issuance

The funds will be raised through a public offer or a private placement of senior unsecured notes in US Dollar or any other major foreign currency, or both, said SBI.

Insurance Amendment Bill likely in monsoon session, composite licenses and nod for 100% FDI on cards

The Insurance Amendment Bill is expected to simplify the capital structures of companies by proposing key reforms including composite licenses and increasing the foreign direct investment (FDI) cap.

For banks, arbitrage in TREPS market is opening doors to an easy money route

After the first rate cut, banks enjoyed 10 -33 bps increase in treasury income due to the arbitrage in TREPS market, while after the second rate cut, the arbitrage shrunk a bit to 10-18 bps.

RBI grants in-principle nod to Emirates NBD Bank PJSC to set up wholly owned unit in India

Currently, Emirates NBD Bank PJSC is carrying on banking business in India in branch mode through its branches located in Chennai, Gurugram and Mumbai.

RBI issues revised draft guidelines for bank investments in AIFs

Under the new draft norms, the RBI has proposed that a single regulated entity (RE) contribution to any AIF scheme shall be capped at 10 percent of its corpus. Collectively, a ceiling of 15 percent shall apply for investment by all REs in an AIF scheme.

Reserve Bank of India proposes relaxing rules for investments in AIFs

In December 2023, the RBI had barred REs, including banks and non-banking finance companies (NBFCs), from investing in alternate investment funds (AIFs) that have investments in existing and recent borrowers

SBI cuts fixed deposit rates by 20 bps

The revised rates came into effect from May 16

Six officials of IndusInd Bank under investigation for insider trading: Report

SEBI examining the timing of trades by these six officials to ascertain whether the sales violated regulations, the report said

Shriram Life clocks 42% growth in individual new business premium in March quarter

For the full year FY25, the company achieved a 46.3 percent increase in individual new business premium, which stood at Rs 1,372 crore, compared to Rs 938 crore in FY24

IndusInd Bank inks pact with AIC STPINEXT to support early-stage startups, MSMEs

The bank will offer a specialised current account product with no quarterly average balance requirement, making it easier for startups to manage their finances

Lenders flag off on draft gold loan guidelines to RBI

According to the RBI’s draft guidelines, lenders have to include appropriate single borrower limits and sectoral limits for loan portfolio against gold collateral, mechanisms to ensure end-use of loans, LTV ratio, valuation standards, and standards of gold purity.

Banking Central | Inflation at 6-year low is an opportunity for RBI to give growth another push

If not for the 11% drop in vegetable prices, inflation would hover closer to 4.1%. The RBI will have this in mind when it meets in early June

Indian rupee eases 6 paise at open as dollar index falls

On May 16, Moody's Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments' failure to stop a rising tide of debt.

What is the bilateral impact if India-Turkey tensions escalate?

For India, it’s a bold assertion of strategic red lines. For Turkey, it’s a costly misstep

RBI mulls describing IndusInd Bank’s forex lapses as fraud

According to sources, the regulator is in conversation with the forensic auditor, Grant Thornton, on this matter and is evaluating whether lapses identified in treasury operations should be classified as case of fraud.

Disinflation may temper FPI flows into Indian bonds

Local bond yields trending lower is a disincentive for foreign investors as it narrows the spread between Indian and home market bonds, and usually leads to outflows

IndusInd Bank turnaround may take 3-4 years, growth will take a backseat, says Abizer Diwanji

The banks' auditors too will also need to do a lot of explaining, said Abizer Diwanji, on how the internal controls failed to spot the 'unsubstantiated balances' in its other assets account.

Vault matters | Can banks handle a third successive rate cut?

Despite strong macro signals for a repo rate cut, banks face financial strain and tightening credit risk. A cautious approach to further rate reductions is advisable to safeguard financial stability

IndusInd Bank flags Rs 674 crore interest mis-statement in internal audit

In a stock exchange filing, the bank said it had disclosed on April 22 that the IAD was conducting a review of its microfinance operations after certain concerns were raised.

RBI’s board reviews framework to decide on dividend transfer to Centre

Economists have predicted dividend transfer to the government to be in range of Rs 2.5-3 lakh crore, sharply higher than what the central bank transferred last year, on account of profits made from its intervention in currency markets to stem the decline in the rupee in FY25.

Yes Bank expects Japan's SMBC to maintain at least 20% stake, says CEO

SMBC on Friday said it had signed a definitive agreement to take a 20% stake in Mumbai-based Yes Bank

Narrow India, US bond yield spread may cap FPI investment in Indian bonds

SEBI’s easing guidelines for FPIs may not spur demand in the short run, but easing macroeconomic conditions may give some comfort to these investors

Easing retail inflation helps Indian bonds to trade below 6.30%

India's retail inflation slowed to 3.16 percent in April from 3.34 percent in March. It is the lowest year-on-year inflation since July 2019, the government said in a statement.

Sebi investigating IndusInd Bank officials for alleged insider trading in client companies

Some of the IndusInd Bank officials were getting updates on demerger, credit approval, stake sale, acquisition, big investments in client companies, and had placed trades on the basis of this information before the news became public.

LIC appoints Ratnakar Patnaik, Dinesh Pant as managing directors

They will take over from managing directors Jagannath Mukkavilli and Tablesh Pandey who superannuate at month-end

SBI's executive committee to meet on May 20 to consider raising $3 billion in fresh capital

SBI's proposal for a fund raise comes at a time other private sector lenders, including Axis Bank and IDFC First Bank, have sought to raise capital.

Rupee opens 26 paise down on Asian cues, dollar demand

Currency experts said that in the domestic market there is a buying of dollars from corporates possibly for oil and defence.

States’ borrowing cost via bonds hits over four-year low on RBI rate cuts, strong demand

In the last few months, especially after the start of rate cuts by the RBI, the yield on state government bonds fell by around 47 basis points, and the yield on government securities eased by around 40 bps.

Jio Credit raises Rs 1,000 crore via maiden bond issue at 7.19% coupon

Source said that the company decided to issue the after the rate cuts by the Reserve Bank of India (RBI) to avail the lower rates from the market.

Chart of the Day | Inflation has cooled off, but there’s a catch

A cooling inflation print offers the RBI a golden window — but will it act?

LIC outpaces industry in April with nearly 10% growth in New Business Premium

According to data released by the Life Insurance Council, LIC collected Rs 13,610.63 crore in NBP for the month, up from Rs 12,383.64 crore in April 2024

Non-life insurers' premium grows 13.5% in April 2025, driven by health and general segments

The growth was led primarily by the general insurance and standalone health insurance sectors, while specialised insurers witnessed a notable decline, data shows

Yes Bank's board initiates search for new chief executive

According to sources, the bank’s board has roped in Egon Zehnder to shortlist candidates for CEO position