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A day earlier, the local currency traded in the narrow 85.51-85.69 range as traders waited for the outcome of US and China trade talks
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RBI’s rate and CRR cuts aim to revive slowing credit growth, but challenges in NBFC and unsecured lending persist. Will cheaper loans spark demand or fizzle out?
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The Mumbai-based NBFC-fintech firm plans to use the fresh capital to expand operations, enhance product offerings, and strengthen technology infrastructure.
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Of 10 banks surveyed on commissions earned through their insurance arms, seven earned more than half of their insurance commissions by selling policies from affiliated insurers, a report says
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The listing of the Rs 200 crore green bonds of Pimpri Chinchwad Municipal Corporation concluded on BSE, with bids from eight investors, of which five investors got allotment.
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During Q1FY26, RBI has reduced repo rate by 75 bps to support growth. In response to this rate cut, only 20 bps yields have reduced on the government securities.
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On June 9, the RBI discontinued the daily liquidity support to the banking system through daily VRR auctions due to the improving liquidity conditions
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Cumulative premiums for April–May (first two months of FY26) reached Rs 55,854 crore
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The group insurance segment has emerged as the key growth engine in May, contributing over Rs 19,850 crore which is higher by more than 13 percent from last year.
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Liquidity conditions in the banking system have turned positive since April 1, thanks to a slew of measures, including daily VRR, by the RBI to infuse durable liquidity.
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VRR auctions fell to Rs 97,861 crore in May, compared to Rs 13,48,316 crore in January, indicating surplus liquidity
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RBI’s bold rate cut and CRR slash fuel bank liquidity but pinch margins, leaving investors to navigate a tricky terrain
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The application was made under the regulatory framework outlined in the RBI’s “On Tap” licensing guidelines for small finance banks issued on December 5, 2019, and the latest circular on voluntary transition to universal banks released by the RBI on April 26, 2024
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The MFIs must enhance their credit appraisal frameworks to ensure borrowers are not over-leveraged, RBI Deputy Governor said. They must also refrain from 'coercive or unethical' recovery practices, and deliver services a manner that is both 'responsible and sustainable'.
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Though the measures appear bold and decisive, they raise two pivotal questions.
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A 100 bps rate cut since February 2025 is seen as a positive step to boost demand for loans or consumption. However, the flip side is that deposit rates - especially for retail - are set to trend lower at a time when the overall savings rate itself is trending down.
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Spain’s Banco Bilbao Vizcaya Argentaria SA is running short of office space in the UK for its growing corporate and investment banking teams.
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This development comes at a time when insurers have been reporting escalating loss ratios
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The RBI’s bold rate and CRR cuts unleash a growth bonanza but can banks turn liquidity into profitable credit? Structural hurdles loom large
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We have done what we can, it’s now your turn to deliver, seems to be the messaging from the RBI Governor Sanjay Malhotra to the banking sector, India Inc and the government on the growth front.
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India’s annual retail inflation had eased to 3.16 percent in April from 3.34 percent in March.
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So far, AU Small Finance and Ujjivan Small Finance have submitted an application to the RBI for a universal banking licence, while Fino Payments Bank has applied for a small finance bank licence.
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With the rates expected to remain static till December 2025, we expect limited capital appreciation going ahead and shift our focus on accrual-based strategy.
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The comments come after a section of media claimed that India was considering easing foreign ownership rules
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In the past year, gross FDI into India surged by 14 percent, reaching $81 billion
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The index surged over 1.3 percent intraday to cross the 56,500 mark for the first time, hitting a peak of 56,597.45.
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Malhotra said the Loan-to-Value (LTV) for gold loans below Rs 2.5 lakh will be revised to 85 percent, from the proposed 75 percent as part of the latest recommendations.
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The timing of the CRR cut is crucial because between September and November, India witnesses a festive season due to which currency leakage from the banking system increases, putting pressure on systemic liquidity.
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After the early wave of bank licenses rolled out in the 1990s, there has been a dearth of innovation, ideation, creation of fresh talent, and more importantly, capital into the Indian banking landscape has thinned in the recent years. This may change if India embraces serious foreign interest flowing into the banking sector
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While the neutral stance allows flexibility for the RBI to either cut or hike rates in the future, depending on economic data, Malhotra clarified that it does not signal any immediate action in the next policy review.
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MPC meeting: This marks a reversal from the committee’s April stance when it adopted an 'accommodative' approach to prioritise growth
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RBI’s 50 bps rate cut and CRR slash signal robust growth support, but a neutral stance hints at caution ahead.
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Alongside the CRR cut, the Monetary Policy Committee (MPC) voted to reduce the repo rate by 50 basis points to 5.50 percent, marking the third consecutive rate cut by the central bank.
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The mega repo rate cut comes as retail inflation has softened significantly below the RBI's medium term target of 4%.
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The RBI’s monetary policy committee is expected to reduce the repo rate by 25 bps, which would be the third rate cut in a row
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Experts say that the MPC is meeting at a time when inflation has been relatively tamed, and the central now needs to support growth.
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For Rs 25,000 crore aggregate notified amount, the central bank received bids worth Rs 27,256 crore, of which Rs 23,856 crore was accepted.
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Usually, when the banks have excess funds or when the liquidity in the banking system is in huge surplus, they prefer to park it in money market instruments or invest it in other instruments such as liquid funds. This helps banks earn hefty treasury income or other income.
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Loans against life insurance policies is a practice that’s long existed in the offline world. But the process is full of delays and paperwork. BimaPay aims to eliminate that friction.
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However, even with the new corporate product, BimaPay remains a retail-first business, CEO Hanut Mehta says
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While lower food inflation often creates room for rate cuts, the correlation is not absolute
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In the last few months, the central bank is infusing durable liquidity to the banking system through open market operations (OMO) purchases and USD/INR Buy/Sell swap auctions.
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The Indian rupee has been under pressure during the last few sessions due to dollar demand, equity outflows and a drop in the dollar index, currency experts have said.
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Insured deposits in India rose 7.11 percent year-on-year to reach Rs 96.7 lakh crore as of September 30
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In total, Digit Life settled 15,596 claims this fiscal year, up from 602 in FY24
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The divergence in financial health, market expansion and profitability metrics underscores a widening gap in sector dynamics, an ICRA report says
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The Indian rupee has been under pressure in past few sessions due to dollar demand and equity outflows, currency experts have said
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The latest economic indicators paint a picture of cautious optimism, but challenges loom
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Since the announcement, Indian bonds in global indexes have been seeing sharp inflows, but soon after the rate cut cycle begun earlier this year, the differential between India and US narrowed, leading to these investors moving away.
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A rate cut is a given but the RBI's inflation and growth forecast will be closely watched as Trump's July 9 tariff deadline nears
