Banking

The food inflation trajectory has quietly reshaped India’s CPI landscape so far this year.

Bankers optimistic of 11-15% credit growth in FY26

Systemic credit growth stood at 10.03 percent year-on-year in the fortnight ended August 22, signalling that banks are ramping up credit ahead of the festival season amid rate cuts and expected consumption boost following GST regime overhaul.

Cholamandalam to scale back fintech, supply-chain financing

The move will curb the AUM growth to 20-23% this fiscal from the previously projected 25-30%, president and CFO Arul Selvan has said

FPI investment in G-sec topped Rs 3 lakh crore: Here are the factors

According to the Clearing Corporation of India’s (CCIL) data, FPI investment in G-sec under FAR route increased to Rs 3.01 lakh crore in this week, as compared to Rs 2.99 lakh crore last week.

KPI Green Energy raises Rs 670 cr via 5-year externally credit-enhanced green bonds

The company is eyeing dollar bond issuances after 2027

Rupee opens 17 paise up at 88.05 as dollar index eases ahead of Fed meeting

The dollar index eased further as the US Federal Reserve begins two-day policy meeting with expectations of a larger-than-expected rate cut

Kotak811 pulls ahead of SBI Yono, becomes third-highest downloaded banking app in world in H1 2025

Unlike India, mobile banking apps have become the go-to apps for financial services across the globe. In India, payment apps are bigger than neobanking apps as the lack of regulatory approval hinders the latter’s growth

Kunal Shah's CRED launches 18 carat gold credit card with IndusInd Bank

Serial investor Shah, was upbeat about the prospects of the new products, especially the Sovereign gold card. “Take a good look because you will probably not see it. Most people will not get it.”

Utkarsh, ESAF small finance banks gear up for equity raise

Utkarsh, which closed FY25 with a net profit of Rs 24 crore, slipped into losses in the Q1 FY26. ESAF’s losses widened in FY25 and it also posted a loss in Q1

Indian rupee depreciation: What you need to know

While the rupee had already been weakening since late last year, most of the heavy depreciation and record lows have come in the current fiscal.

Indian rupee opens one paise higher at 88.26/USD ahead of US Fed's rate decision this week

Dollar held steady ahead of a pivotal week filled with central bank decisions led by the Federal Reserve, while the euro hardly reacted to Fitch's downgrade of France's credit rating.

Rupee depreciates 3.2% in FY26 but not a concern yet amid high forex reserves, say experts

Indian rupee depreciated to 88.2787 against the greenback at close on September 12, from 85.5137 on April 2, registering a fall of 2.77

Banking Central | Why investors must not ignore RBI’s warnings on crypto

The RBI has been warning for years, flagging the role of cryptocurrency in laundering, terror finance and tax evasion

Why August CPI inflation jump could be a false alarm for MPC

Headline CPI edges up to 2.07% after 10 straight months of decline, but GST relief and food deflation argue for further easing

Banks face car loan cancellations in run up to September 22 GST rate cut-off date

Compensation cess on automobiles will cease to exist effective September 22.

RBI imposes Rs 21 lakh penalty on PhonePe

In a statement, the RBI said a statutory inspection of the company was conducted by the central bank with reference to its operations for the period from October 2023 to December 2024

Insurers, distributors go zero-GST before deadline, but exempt policies will be issued from official date

Policyholders now have to the option to lock in tax savings on new insurance and renewals, with insurers offering the option to buy zero-GST policies ahead of September 22 rollout.

OPINION | Vault Matters: The unfortunate side effect of stress in the banking system

There are at least four major instances of death noted in the banking sector since the start of this fiscal. Two are natural deaths and two suicides. The common thread is that these were mid- to senior-level seasoned executives and may have been under tremendous work pressure

Indian rupee opens 4 paise up at 88.40 against dollar

A day earlier, the rupee touched a record low of 88.4563 against the dollar due to strong demand from oil and gold importers

Missed an EMI? RBI may let lenders lock your smartphone remotely

Lenders may soon get powers to remotely disable devices bought on credit, raising questions over consumer rights and data privacy.

Oil, gold importers' demand for dollar drags rupee to record low of 88.44 vs USD

Indian rupee has been under pressure since the imposition of the tariffs by the US President Donald Trump. The currency further depreciated after the tariffs were increased to 50 percent.

We don't need to overpay for deposits anymore: Unity SFB's Jaspal Bindra

We have no immediate need to raise funds. We have few years before the IPO mandate kicks in; there is ample time to plan, Bindra said

Rupee hits record low of 88.4425 against the dollar as tariff and trade uncertainty weigh

The Reserve Bank of India has in recent past intervened to arrest the slide in rupee, and market participants believe the central bank may again get active by selling dollars to ease volatility.

Leading banks to trim dividend payout this fiscal, fearing lower profit and loan growth, says S&P Global

The expected decline in dividend payouts is rooted in a ‘confluence of margin and profitability headwinds’, said Tusharika Aggarwal, equity analyst at Market Intelligence.

Moderation in investor appetite, high supply push state development loan yields up by 1% over 10-year G-sec

An analysis by Moneycontrol of the Reserve Bank of India’s (RBI) data showed that yield spread between 10-year State Development Loans (SDLs) and government securities has widened to a 5.5-year high

Rupee opens 3 paise lower at 88.13/USD as Asian currencies fall

Asian currencies logged small losses on Thursday, while the dollar index edged higher as investors awaited U.S. inflation data due later in the day.

SMBC to seek promoter tag in Yes Bank after primary capital infusion

According to sources, Yes Bank is expected to roll out a plan to raise equity by December this year. SMBC may infuse around Rs 4,000 crore in the bank to increase its stake from 20 percent to 24.99 percent.

GST cuts to support banks and NBFCs’ credit growth, no direct impact of tariff on lenders: ICRA

ICRA said the second order effect of Trump’s tariffs are likely to have an impact on the personal loan segment, with banks and NBFCs already going slow for over a year now.

GST cut likely to boost individual protection, but revival will be gradual, say analysts

The effect on volumes, product mix and profitability will depend on how distribution channels adjust, how insurers reprice to offset the loss of input tax credits, and whether employers push individual policies over group benefits.

Liquidity surplus narrows despite fund infusion post-first 25 bps CRR cut

According to RBI data, the net liquidity surplus has declined from Rs 2.87 lakh crore on September 5 to Rs 2.36 lakh crore on September 8, a drop of over Rs 50,000 crore in just three days.

Rupee opens 2 paise lower at 88.13/USD as Trump backs trade talks while reportedly urging EU to tariff India

The recent depreciation of the currency is, however, finding some support after President Trump posted on Truth Social that Washington and New Delhi will resume negotiations to resolve ongoing trade frictions, even as the US administration's 50 percent levy on Indian goods.

Chart of the Day | How lower indirect taxes could ease pressure on inflation

With recent GST reforms easing inflationary pressures and fiscal deficit projections intact, Mint Road gains more policy space while staying firmly data dependent.

PM Modi, UK PM Starmer, 17 central banks to attend Global Fintech Fest 2025

Seventeen central banks from across the world are expected to take part in the Global Fintech Fest (GFF) 2025, highlighting the event’s position as the world’s largest fintech conference.

Why an uptick in bond yields is a concern for the government?

The 10-year benchmark bond yield, a threshold for borrowing rates in the money market, spiked by 18-20 basis points (bps) after the announcement of the recent GST reforms. The measures, while aimed at stabilising revenues and demand, raised speculation that that the government might adjust its borrowing program, which lead to increase in bond yields.

Prioritise compliance, fix process loopholes: IndusInd Bank new CEO’s message to business heads

In an internal meeting with select business head of the bank, Rajiv Anand is said to have asked business heads to draw up a plan within the next 45 days to tighten compliance, fill the gaps in processes and strengthening the business.

GST on insurance: Policyholders have a lot to know post GST 2.0, here's why

Here’s everything policyholders need to know about the GST cut on future premiums and policy benefits

Despite life insurers’ premium growth of 6% in August, policy sales drop 9%

Premium income for private insurers climbed 10.84 percent to Rs 65,410.42 crore during the period under review, up from Rs 59,013.14 crore last year. LIC, on the other hand, posted a modest 3.02 percent growth, collecting Rs 98,051.09 crore compared to Rs 95,180.63 crore a year ago

Currency in circulation set to rise during festive season, bolstered by GST cuts and Bihar election

Traditionally, the demand for currency in hand increases during the festival season between September and November, when India celebrates Ganesh Chaturthi, Navratri, Dussehra, and Diwali. Additionally, election-related spending also pushes up cash withdrawals in states heading to polls.

Rupee opens 26 paise up at 88 on easing dollar index

The rupee is expected to remain in the 87.80-88.30 range against the dollar

Insurance forum likely to seek clarity on input tax credit and GST exemption from IRDAI, Centre

Sources say, insurers may be fearing the possibility of customer grievances if refunds are delayed or denied, while actuarial teams face the challenge of recalculating projections for policies spanning across the transition period

India is Asia’s 3rd largest, fastest growing market for sustainability finance, says DBS Bank’s Chief sustainability officer Helge Muenkel

Businesses waiting to shift from being fossil fuels guzzlers to green units would be the focus and the sweet spot for DBS Bank's 'transition finance', says Helge Muenkel

Viyona Fintech gets NPCI nod to launch UPI services via GraamPay, Viyona Pay

The fintech, which developed GraamPay and the Viyona Pay app, said the approval will accelerate its plans to expand digital payments across Tier II, Tier III, and rural markets in India, in partnership with banks.

Ujjivan Small Finance targets Rs 1 trillion loan book by FY30, stocks soar 3 percent

This growth will be supported by an expansion of the bank's branch network from 752 to nearly 1,150 branches, Ujjivan said, adding that it aims to increase cross-selling to its customer base, including offerings such as IPO-ASBA, insurance, mutual fund distribution, remittances and co-branded credit cards.

Emirates NBD, Fairfax, Kotak Bank, Oaktree likely to bid for IDBI Bank

According to sources, financial bids for IDBI Bank is likely to be sought in October. Kotak Mahindra Bank said to have renewed its interest in the bidding process, extensive diligence underway.

Banking Central | Mint Road is upgrading its tech, that is a good change

From data empowerment to digital platforms, the central bank is not just regulating but demonstrating how technology must shape the future of Indian finance

How RBI's proposed principles-based framework can be a gamechanger for Indian fintechs

It's high time RBI empowered innovation without getting into micromanagement

Indian rupee slips to fresh low of 88.3613 against dollar on likely foreign selling, tariff pressure

Year-to-date, the rupee has lagged its Asian peers, weakening by about 2.85 percent in 2025.

Indian rupee opens 5 paise higher at 88.10/USD as Dollar Index eases

The dollar index, which measures the greenback's strength against a basket of six major currencies, fell to 98.112 in the morning from the previous close of 98.347.

IndusInd Bank rejects ex-CFO’s allegations, calls them ‘baseless and motivated’

In a statement, IndusInd Bank said its board had acted collectively to address incidents of “gross irregularity, suspected fraud and dereliction of duty” that were brought to its attention.

GST cuts to boost demand but won’t trigger credit growth as banks remain cautious over tariffs

Despite the GST relief and the upcoming festive season, lenders are exercising caution, with analysts expecting credit growth to remain largely unchanged amid trade-related uncertainties.