Banking

The central bank is also expected to slow its liquidity infusion, which it has aggressively done over the past six months, via a cut in its cash reserve ratio (CRR), secondary market debt purchases, foreign exchange swaps, and open market operations (OMOs). Liquidity is now comfortable, but easing of liquidity is a direct sign of an accommodative bent of mind.

Market likely to give high-single digit CAGR return over medium term, says BofA Securities' Amish Shah

India will continue to command a valuation premium over emerging markets because of its superior growth, improving corporate governance, visibility for structural growth and government policies, BofA Securities’ head of research tells Moneycontrol

Mufin Green Finance eyes Rs 1,300-crore AUM by FY26, reduction in exposure to EV mobility

Mufin Green Finance’s solar book expected to grow 16x in 2 years

HDFC ERGO to maintain lean bancassurance exposure, targets above-industry growth in FY26: CEO Anuj Tyagi

Tyagi says, the company will instead bet on its agency network, direct-to-customer rural outreach, and commercial lines

Banking Central | What does Kotak Mahindra Bank’s leadership transition signal to investors?

Ekambaram, after three decades at the bank, will step down this year. Paritosh Kashyap will assume a new role in the bank.

RBI expected to deliver 3rd consecutive rate cut of 25 bps on Friday: Experts

Six-member MPC headed by RBI Governor Sanjay Malhotra also decided to change the stance from neutral to accommodative in its April policy

RBI imposed penalties on 353 banks, other regulated entities during FY25

RBI data showed that as many as 264 penalties amounting to Rs 15.63 crore were imposed on cooperative banks.

Canara Bank abolishes minimum balance requirement for all savings accounts from June 1

The new policy comes into effect from June 1, 2025, and applies to all categories of savings bank accounts, including regular, salary, and NRI accounts.

Kotak Mahindra Bank's deputy MD Shanti Ekambaram to step down on October 31

With the exit of Ekambaram from the bank, it is a total change of guards from the leadership perspective

Government to buy back of 5 bonds worth Rs 25,000 crore on June 5

The auction will take place on June 5 between 10:30 AM and 11:30 AM, and the settlement will take place on June 6.

Vault Matters | The curious case of IndusInd Bank share price

Strangely enough, barring the single day fall on March 11 by over 20 percent, IndusInd Bank’s stock price has held up quite steady despite a barrage of bad news hitting the counter, denying the underlying negative sentiments around the stock. The logic defying price movement certainly warrants Sebi’s attention

Bank holidays in June 2025: Banks across India will remain closed on these days in June - Check city-wise full list

Bank holidays in June 2025: It’s important to keep in mind that bank holidays can vary from one state to another due to local customs and regional observances.

Emirates NBD likely top contender for IDBI Bank stake, DIPAM said to have explored valuations with potential bidders

Dubai-headquartered bank Emirates NBD is willing to shell out $6-7 billion in an all-cash deal for a 61 percent stake in IDBI Bank, Moneycontrol has learnt. This emerged after an informal conversation between DIPAM and potential bidders over valuation for IDBI Bank’s divestment.

Less volatile bond markets eat into primary dealers' earnings as underwriting commissions drop

Primary dealers usually underwrite the government bond auctions against a token of underwriting commission. The fee charged by primary dealers, though small, reflects the sentiment of the market.

Fin Min says draft RBI norms on gold loan should not affect small borrowers, implement from January 2026

The Department of Financial Services has suggested to RBI that the requirements of small gold loan borrowers should not be adversely affected. It also said the norms will be suitable for implementation from January 1, 2026.

MC Exclusive: Forensic audit believed to be underway at Spandana Sphoorty to assess cash position

RBI’s inspection found irregularities in branch cash accounting, triggering a forensic audit. Disbursements were paused across most branches since mid-December, with limited operations now resuming.

RBI annual report | Gold is a standout performer for the central bank in FY25

The RBI’s gold holdings jumped from 822.1 metric tonnes to 879.58 metric tonnes, a 57.48-tonne increase

YES Bank board to consider fundraising on June 3

YES Bank is considering raising capital through the issuance of equity shares, debt securities, or other eligible financial instruments, says a release

Forex gains, interest income from foreign securities helped RBI transfer higher surplus to Centre

On May 23, the RBI Central Board has approved the transfer of Rs 2.69 lakh crores as surplus to the government for the financial year 2024-25.

Customer complaints to RBI Ombudsman rise to 2.96 lakh in FY25

The majority of these complaints were directed against banks, followed by NBFCs, other non-bank system participants, and CIGs

RBI hires 604 in 2024, lowest in four years

This is the fourth year in a row that hirings have dropped. The central bank had hired 882 people in 2023

India's services sector outpaces manufacturing and agriculture in FY25: RBI annual report

This is despite the fact that the total GVA at basic prices rose by 6.4 percent in FY25, down from 8.6 percent in the previous year, signalling a moderation in economic momentum

Currency printing expenditure rises 25% to Rs 6,372.8 crore in FY25: RBI annual report

The central bank had spent Rs 5,101.4 crore to print currency in FY24

India's gold hoard up 7% at 879.59 tonnes in FY25

A combination of fresh purchases, a 30% increase in the price of the precious metal and the depreciation of the rupee against the dollar added to the surge

Bank fraud losses surge three-fold to Rs 36,014 crore in FY25

Public sector banks (PSBs) accounted for the bulk of the losses, while private sector banks reported the highest number of fraud cases, RBI's annual report has said

Counterfeit notes of Rs 500 denomination surged 37% YoY in FY25, shows RBI annual report

The other denominations where fake currency were found were Rs 100 denomination with 51,069 pieces, Rs 200 denomination with 32,660 pieces, and Rs 2000 denomination with 3,508 pieces in 2025, report showed.

Private banks maintain credit momentum but profitability under pressure: RBI Annual Report

While credit growth continued to remain in double-digit in FY25, public sector banks outpaced their private counterparts in expanding credit

Value of retail CBDC in circulation rose 334% in FY25: RBI annual report

The retail CBDC pilot was started on December 1, 2022. The RBI launched the wholesale pilot of CBDC on November 1, 2022 to settle G-Secs trades using the digital rupee.

India leads global real-time payments with 48.5% share in FY25, driven by UPI surge: RBI Annual Report

In March 2025 alone, UPI recorded its record-highest of 19.78 billion transactions, amounting to Rs 24.77 lakh crore in value.

RBI's balance sheet for FY25 expands by 8.2% to Rs 76.25 lakh crore

This marks a significant increase from Rs 70.47 lakh crore in the previous year

RBI annual report bats for dovish monetary policy, cites benign inflation outlook, moderate growth

The monetary policy committee of the RBI started the rate cutting cycle early this year with 25 basis points (Bps) each cut in February and April policy to support growth.

Cooling inflation gives confidence of durable alignment over 12-month horizon: RBI annual report

India's retail inflation slowed to 3.16% in April, the lowest since July 2019. Inflation was at 3.34% in March

Short-term debt gets cheaper due to higher surplus systemic liquidity

Yield on commercial papers (CP) and certificates of deposit (CD) reduced by 30-45 basis points (Bps) in May.

India vital to BofA’s strategy; plans to expand its GPS business in the country

India's rapid evolution of payments infrastructure — a combination of scale, digitisation and regulatory maturity — makes it one of the most sophisticated markets globally, Winnie Chen, head of Asia Pacific Global Payments Solutions at BofA, tells Moneycontrol

Rupee opens 26 paise down at 85.61 as dollar recovers

The dollar index, which measures the greenback's strength against a basket of six major currencies, found support as US consumer confidence imporved

Chart of the Day | RBI dividend transfers, pre and post Bimal Jalan panel

The calculations to compute dividend transfers were amended post the Bimal Jalan panel recommendations

Rationale behind composite licensing remains unclear, says Shubhra Goel

The MD of the global professional services Firm also says that life insurance companies are likely to continue scaling back their exposure to ULIPs in FY26, particularly in the face of market volatility

India is the only market with falling bank employee productivity and decreasing operating leverage: BCG’s Saurabh Tripathi

While Indian banks are benefitting from emerging trends like mutual fund distribution and insurance sales, much of the fee income is volume-driven and not rooted in differentiated, high-value services, he said.

Rupee falls 30 paise in afternoon trade amid sell-off in equities

At 2:15 PM, the local currency was trading at 85.4012 against the US dollar, as compared to 85.0912 against the greenback at previous close

Yes Bank's stake sale to SMFG could set the stage for more foreign interest in India's lenders, says Fitch Ratings

The acquisition of stake in Indian banking entities could benefit the acquiring banks as it would offer them a wider branch network, which in turn could propel franchise growth in India's competitive banking industry, said Fitch Ratings.

Mid-sized firms are apple of a banker’s eye as EMI-induced purchases slow

Medium enterprises have grown cautious in borrowing and prefer internal accruals over bank loans for business.

Shriram Life Insurance to steer clear of banca channels, says CEO Casparus Kromhout

Banca tie-ups might give a short-term boost but they come with the risk of abrupt loss if a bank switches partners, says Kromhout

Fusion Finance auditors issue qualified report after Q4 FY25 results, flag ECL issue

The auditors flagged the company’s decision not to retrospectively adjust previous financials for expected credit loss (ECL) provisions to the tune of Rs 1,864.91 crore, citing impracticability.

MPC Poll | RBI likely to cut repo rate by 25 bps in June policy

If the central bank cuts the rate in June policy, then it will the third consecutive rate cut after 25 bps cut each in February and April to support growth. Currently, the repo rate stands at 6.00 percent.

Rupee opens 16 paise up at 85.06 as dollar continues to ease

The dollar index, which measures the greenback's strength against a basket of six major currencies, was trading below 100 for the third consecutive day

RBI’s Rs 2.69 lakh crore dividend boosts fisc, but caution looms

The RBI’s decision to widen the CRB range to 4.5–7.5% and set it at the upper bound is a nod to global risks

PNB targets Rs 16,000 crore recovery, sub 1% slippages in FY26: MD Ashok Chandra

The total recovery of the bank stood at Rs 4,733 crore for the fourth quarter and Rs 14,336 crore for FY25 while overall slippages ratio was 0.73 per cent during the last financial year.

RBI notifies six-member payments regulatory board; includes govt nominees for the first time

The other members will be the Deputy Governor in charge of Payment and Settlement Systems, one RBI official nominated by the Central Board, and the three government nominees.

RBI board approves record dividend transfer of Rs 2.69 lakh crore to Centre for FY25

RBI board revised Contingent Risk Buffer to 6.0 percent, ± 1.5 percent of balance sheet size, as against the existing level of 6.5 percent, with a lower bound of 5.5 percent.

IndusInd Bank taps CD market after two months, gets 50 bps higher rate than peers

IndusInd Bank stayed absent from the primary market after mobilizing heavy funds in March. The lender had ramped up efforts to mobilise certificates of deposit in March to raise more than Rs 16,500 crore through CDs.