Banking

India’s festive season boom isn’t just about rising consumption, it’s how borrowing has become part of everyday financial behaviour

What do RBI’s new capital market exposure rules mean?

The central bank’s draft framework gives lenders more room to back India’s capital markets — but with clear boundaries to prevent excesses.

SBI to hire 3,500 officers in next 5 months to drive business growth

SBI News: The bank has recruited 505 Probationary Officers (POs) in June

Kotak Mahindra Bank sees stress in retail commercial vehicles lending segment, says CEO Ashok Vaswani

In the July-September quarter, advances of Commercial Vehicles and Commercial Equipment grew just 2 percent quarter-on-quarter to Rs 43,676 crore, while on a year-on-year basis, this segment grew 12 percent.

Premature to talk on IDBI Bank, other deals, says Kotak Mahindra Bank CEO Ashok Vaswani

The divestment of IDBI Bank was announced in February 2021. However, the process was formally kick started on October 7, 2022, when DIPAM invited Expressions of Interest (EoI) for strategic divestment of IDBI Bank.

Kotak Bank Q2 results: Net profit falls 2.7% YoY, NII up 4% at Rs 7,311 crore

Net Advances increased 16 percent YoY to Rs 462,688 crore as at September 30, 2025 from Rs 399,522 crore as at September 30, 2024.

Merger buzz: PSBs yet to hear from govt, focused on diluting stakes to meet norms

Media reports had said that Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI) and Bank of Maharashtra (BOM) could be merged with big banks such as Punjab National Bank (PNB), Bank of Baroda (BoB) and State Bank of India (SBI).

Festive spending, GST outflow push liquidity into deficit

Currency in circulation usually surges during the festive season, resulting in lowering liquidity in the banking system

SBI General Insurance posts 10.7 percent rise in H1 FY26 gross written premium

According to the company’s release, the company’s health business grew 41 percent, personal accident (PA) segment rose 48 percent, and the motor insurance portfolio expanded 17 percent

Moneycontrol Pro Panorama | Fresh blood in banking

For Moneycontrol's Pro Panorama October 24 edition: Indian elections are caught in a populist loop, walking the fine line between growth and green, the real cost of your investment, stagnant productivity as lenders chase deposits, and more

FSIB calls application for Canara Bank’s MD & CEO post

The current MD & CEO K Satyanarayana Raju retires in December

Federal Bank to raise Rs 6,196 crore via preferential issue of warrants to Blackstone group entity

Federal Bank board also approved granting the Blackstone entity a special right to nominate one non-executive director on the board upon conversion of all warrants and subject to holding at least 5 percent of the bank’s paid-up share capital.

Bank customers can opt for up to four nominees in their accounts from November 1

As per the amendments, customers may nominate up to four persons, either simultaneously or successively, thereby simplifying claim settlement for depositors and their nominees.

Corporate loan growth picks up after slow quarters HDFC, Axis, PSU banks leading the revival: Report

Corporate credit growth is rebounding as banks report higher lending in Q2 FY25, led by working capital and project-linked funding. Experts expect momentum to build in H2.

Rupee opens 10 paise up at 87.83 against dollar, US trade deal talks in focus

Reports have claimed that US could slash the tariff on Indian goods to 15 percent, as New Delhi 'moderates its oil purchases from Russia'

Lenders turn cautious on gold loan borrowing limits

Sources say loan to value by leading NBFCs and a few banks in the gold loan segment has started reducing by 2 – 4 percent, in anticipation of a likely dip in gold prices.

Chart of the Day | SME IPOs are booming, but with a warning label

Is there too much euphoria in the SME IPO market?

Emirates NBD’s RBL Bank bet signals a new phase of foreign control in Indian Banking

RBL Bank is not a distressed institution. It faced a governance setback in 2021 but has since rebuilt capital buffers and depositor confidence.

Ahead of Diwali, bank stocks rally on strong Q2 earnings; RBL Bank up 9% on Emirates NBD deal

Shares of RBL Bank jumped more than 9 percent after Emirates NBD announced plan to acquire a majority stake in the listed domestic private sector lender.

MC Exclusive | Federal Bank to roll out preferential issue for 9.99% stake

PE major Blackstone said to be the front runner, issue likely to be rolled out at Rs 210 - 215

Benign inflation outlook opens policy space; Centre working on MSME support package: RBI MPC’s Nagesh Kumar

He cautioned that the US accounts for about 33 percent of India’s exports of labour-intensive goods such as textiles, leather, gems and jewellery, and processed food products sectors that are dominated by MSMEs and employ nearly 40% of India’s manufacturing workforce. The imposition of 25%+25% penal tariffs on Indian exports, coupled with other restrictive trade and immigration policies, could impact these sectors more acutely.

IOB eyes M&A financing opportunity, expects lending activity to begin by Q4, says CEO Ajay Kumar Srivastava

The bank is aiming for the QIP launch of Rs 4,000 crore in the second half of the current financial year, Srivastava said.

Festive demand, GST cut to lift Indian Bank’s Q3 loan growth; CASA revival remains a challenge, says CEO Binod Kumar

To strengthen its CASA base, the bank has launched six new products and opened 1.77 lakh new accounts in the last quarter. It is also aggressively targeting salary accounts, where the average balance has improved from Rs 25,000 in Q1 to Rs 44,000 in Q2, Kumar said.

PNB expects Rs 9,000–10,000 crore additional provisioning under new ECL norms, says MD Ashok Chandra

Going forward, housing and vehicle loans will grow very fast, we expect these two segments to be outperformers in Q3. Overall, retail growth should see at least a 2 percent boost purely due to the GST cut, Chandra said.

Rupee opens 3 paise up at 87.94/USD as Asian currencies strengthen

The selling of dollars by the RBI's last week helped the rupee post its best weekly performance in nearly four months

Ageas Federal Life Insurance and CSB Bank forge SME Bancassurance partnership

The collaboration would allow customers of CSB Bank, especially SMEs to access bespoke life insurance solutions designed to protect and safeguard the individual’s business continuity, wealth, and their families.

Banking Central | What the 2025 gold price surge means for Indian lenders

Higher metal prices raise the marked-to-market value of pledged jewellery, improving loan-to-value (LTV) cushions for the same quantum of lending

RBL Bank expects first tranche of money from Emirates NBD Bank in 5-8 months

The bank is aiming to join the top five banks league in the next three to five years

ICICI Bank expects retail loan growth to pick up in H2: ED Sandeep Batra

Responding to a query on the recent reports on social media platforms alleging unlawful employee exits, ED Sandeep Batra dismissed the claims as baseless

RBL Bank to sell majority stake to Emirates NBD in Rs 26,850 crore deal, largest FDI in Indian banking sector

The deal also includes the amalgamation of Emirates NBD’s India branches with RBL Bank, as per RBI guidelines, once the preferential issuance is completed.

IndusInd Bank sees no fresh financial hit as BFIL probe, internal control overhaul progress

The auditor of BFIL had earlier issued a qualified conclusion in its limited review dated October 17, 2025, on the financial results for the September quarter and half year. However, the Bank clarified that these observations were not material to the group’s overall results.

IndusInd Bank sets up executive group to strengthen financial controls after Rs 1,960 crore accounting discrepancies

According to the bank’s disclosure, the newly formed Project Management Group will oversee corrective measures, ensure process standardisation, and tighten internal checks to prevent such lapses in the future.

SMBC stake remarks unrelated to Yes Bank’s operational priorities, says CEO Prashant Kumar

SMBC has stated that they will not increase their stake, and they are under no obligation to do so beyond 24.99 percent, says CEO Prashant Kumar.

IndusInd Bank reports net loss of Rs 437 crore in Q2, net worth fell to Rs 62,524 crore

Net Interest Income for the Q2 FY26 at Rs 4,409 crore as compared to Q2FY25 at Rs 5,347 crore. Fee and other income for the Q2FY26 at Rs 1,651 crore as compared to Q2FY25 at Rs 2,185 crore.

Punjab National Bank Q2 net profit rises 14% YoY to Rs 4,904 crore

Operating Profit for Q2FY26 increased to Rs 7,227 crore and to Rs 14,308 crore for HY1FY26 recording growth of 5.5 percent and 6.5 percent, respectively on YoY basis.

Govt asks state-run banks' CEOs to work 'harder, faster' to list subsidiaries

The bureaucrat said increasing the claims settlement ratio is the only way to increase insurance penetration in the country

Q3 to be more robust than Q2 in terms of disbursements, demand momentum, says L&T Finance CEO Sudipta Roy

For gold loans, Cyclops isn’t required because it’s a fully secured product with extremely low loss rates. Putting it through Cyclops would be counterproductive, Roy said.

Piramal Finance listing expected in first half of November: CEO Jairam Sridharan

On September 10, NCLT has approved the merger of Piramal Enterprises Limited with its wholly-owned subsidiary, Piramal Finance Limited.

State Bank of India raises Rs 7,500 cr via 10-year Basel-III Tier 2 bonds at 6.93% coupon

On October 15, Moneycontrol reported that SBI plans to raise up to Rs 7,500 crore through Basel-III compliant Tier-II bonds maturing in 10 years.

Cautious on gold loans despite huge demand as prices soar, South Indian Bank CEO Seshadri

Higher gold prices mean customers can borrow more against their ornaments, driving demand but the sharp price movement also raises risk, the CEO tells Moneycontrol

IndusInd Bank clarifies Rs 255-crore accounting lapse already disclosed

Moneycontrol on October 16 has reported that 'a certain entry amounting to Rs 250 crore requires attention'. Sources said that these entries may pertain to 2016, a year after the treasury derivatives desk was started.

OPINION | Vault matters: Who's to be blamed for steep healthcare cost inflation? 

Healthcare costs have inflated in double digits post-pandemic, showing no sign of easing. Meanwhile, private equity and venture capital investments in India’s hospital landscape have touched around $15 billion since FY20. Is the changing capital structure of the healthcare business resulting in higher costs? 

City Union Bank announces recruitment for MD and CEO Role; Applications open till Nov 7

Candidates must meet regulatory requirements, with no pending vigilance cases or adverse observations from the RBI

Probe so far not pointing at fund siphoning at IndusInd Bank: EOW Sources

The sources cited add that EOW will question Siddharth Banerjee, head of global market and financial institutions group, in the coming days. A few employees who were part of the former DMD's team may also be called for questioning.

OPINION | Does the rise of non-bank funding represent financial disintermediation or liquidity shuffling?

On paper, non-bank sources have offset the fall in bank funding to commercial sector. But trace the source of funds and we go back in many cases to banks, who continue to play an outsized role. India still lacks enough diversity in sources of funding

Axis Bank says RBI caution circular an old legal matter, corrective action taken

CEO Amitabh Chaudhry says the bank is engaging with the regulator to provide all necessary clarifications

Rupee gains for second day, up 25 paise against dollar at 87.82

Trump's claim of India committing to stop buying Russian oil, easing dollar index and strong Asian currencies give support to the rupee

MPC minutes show a policy pause that sounds like a whispered rate cut

Inflation is at eight-year lows, growth is solid, and two members are keen to ease — yet the RBI still sits on its hands

HDFC Life’s Q2FY26 net profit rises 3% to Rs 448 crore; total premium up 15% YoY

Individual Annualized Premium Equivalent (APE) stood at Rs 6,471 crore, marking a 10 percent rise from Rs 5,864 crore last year

RBI’s gold reserves rose more than $19 billion this fiscal amid Trump tariffs, Fed rate cut bets and global turmoil

Since the beginning of the year, global uncertainties have increased, starting with tariff imposition by the US, India-Pakistan tensions, and the Iran-Israel unrest which led to a strong US military action.