Banking

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.

Indian rupee logs biggest single-day gain in over 2 years at close

According to the Bloomberg data, the local currency’s biggest gain was seen after November 11, 2022, when it appreciated around 99 paise in a single day.

FPIs sell over Rs 4,000 crore of Indian bonds in global indices in just a week as US yields spike

The spread between Indian and US 10-year bonds recently fell to its lowest in over two decades, after the yield on US treasuries spiked over fiscal concerns.

Vault Matters | What kind of a cop should RBI be?

Many things are now digitised and automated, and information is available on a real time basis. Yet, the happenings at IndusInd Bank highlight the need for more scrutiny on the process followed by RBI’s supervision. That it’s happening within five years of the Yes Bank debacle compounds the issue

For IndusInd Bank, MFI issues are larger than derivative woes

March quarter financials take a hit of Rs 4,975 crore, which includes accounting adjustments and reversals on account of derivative instruments as well as rectifying lapses in the bank’s microfinance portfolio. Auditors say incorrect accounting of derivatives started as back as FY16.

Rupee opens 4 paise stronger at 85.97 against the US dollar

The rupee was under pressure on May 22 due to demand from oil companies and sell-off by foreign investors.

Crisis of confidence at IndusInd Bank, say analysts, lender assures clean-up is underway

While IndusInd Bank has said that all known discrepancies have now been accounted for, and auditors have combed through its financials extensively, analysts and the market remain wary.

Banks seeking CRR cut over OMO auctions for liquidity infusion

A 50 bps CRR cut can free up around Rs 1.20 lakh crore worth of banks’ liquidity which lenders can use for lending or parking in money market instruments, thus accruing recurring returns which gets added to the bottomline.

Call money volumes may not get fillip despite proposed extension in market timings

On May 2, the Reserve Bank of India’s (RBI) working group has recommended the extending of trading timings for the call money market to 7 PM from the current timing of 5 PM. This, to meet the needs of the banks in real-time payment system.

IndusInd Bank’s promoter committed to support with equity if required for business growth: Ashok Hinduja

Ashok Hinduja said coordinated efforts of current management under the guidance and monitoring of the Board and other stakeholders have ensured that the lender's business remains healthy, with robust capital adequacy.

India, US 10-year bond yield spread narrows to over 20-year low

According to the Bloomberg data, spread is lowest since July 28, 2004, when it was at 135 bps.

Banks said to have asked RBI to lower daily cash reserve rule

The cash reserve ratio currently stands at 4% of deposits, which needs to be reported by banks to the Reserve Bank of India on a fortnightly basis. Banks set aside 90% of this requirement daily at present.

Sebi's Tuhin Kanta says looking into IndusInd Bank case if there are any 'egregious violations'

"...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.