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Strip away monthly volatility and a year-long view of high-frequency indicators points to steady economic activity, supported by goods movement, fuel demand and digital payments
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The RBI will also conduct USD/INR Buy/Sell Swap auction of $10 bn for a tenor of 3 years to be held on January 13, 2026
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At this stage, wholesale banking is not just lending. Lending forms only a very minuscule part of the products we offer to wholesale customers, whole-time director Kashyap tells Moneycontrol
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Hedging costs have surged as dollar-rupee forward premiums jumped sharply, with the one-month forward yield hitting a four-and-a-half-year high this month.
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In the last three months, India’s retail inflation remained below the RBI’s lower tolerance band. As per data, CPI inflation stood at 0.7 percent in November, 0.3 percent in October, and 1.44 percent in September.
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Money market experts said that the investors have started demanding higher rates in the last few weeks, firstly in anticipation of rate cut before the monetary policy, and later due to uptick in yields on government securities following dimming rate cut view post release of the RBI monetary policy committee (MPC) minutes.
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On December 12, Moneycontrol reported that bank credit growth stayed firmly in double digits for the seventh straight week, rising 11.42 percent year-on-year in the week ended November 28, extending a run that began after the government announced GST rate cuts in early September.
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However, in India, retail inflation in November inched up to 0.7 percent, from 0.3 percent in October, but price pressures remained exceptionally subdued for the second straight month.
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India’s economy extended its strong run for a third consecutive quarter, growing at a six-quarter high of 8.2 percent in July–September (Q2FY26) compared with 7.8 percent in the previous quarter.
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We believe our credit business require a different kind of attention and the other businesses where we have a strong partner, it also need a certain focus. I think only to bring focus into the activity we may be restructuring the credit business, Revankar said
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MUFG is 'happy with its status as a significant minority stakeholder' in Shriram Finance, COO Yasushi Itagaki has said
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Mistry is hopeful of a reduction in personal income tax slabs in 2026, and is optimistic about the housing sector. He believes that a little more confidence in the hands of consumers may go a long way in further sprucing demand.
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Tariff differential is a factor shaping market perception. The US has imposed tariffs as high as 50% on Indian imports, significantly above many of its Asian counterparts, including Indonesia, leading to a sharp depreciation of the currency.
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In an exclusive interview to Moneycontrol, Setty says public sector banks continue to invest in their employees which is lacking in most private banks
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On December 19, the rupee staged a strong comeback, rising past the psychologically important 90-mark against the dollar to settle at its highest level in over two weeks
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Despite regulatory scepticism, crypto still wants India and Indians want crypto. 2026 will test how this relationship shapes
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An economy that is lending more, writing off less and cleaning up legacy stress sets the stage for a banking revival. But risks remain
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With the stake dilution of 2.17 per cent following the OFS closure on December 18, the government holding in IOB came down to 92.44 per cent, the bank said in a regulatory filing on Saturday.
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The currency has been under pressure in the last few weeks especially due to delay in the trade deal, which led to the currency hitting fresh record lows. On the other hand, the limited intervention by the RBI was also adding to the pain.
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The release said that the board also discussed global and domestic economic situation and associated challenges.
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The central bank in the December monetary policy has revised inflation projection for FY26 to 2 percent from 2.6 percent projected earlier.
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The company’s board of directors, at a meeting held earlier this month, recorded its in-principle intent to explore and assess possible restructuring alternatives
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According to Bloomberg data, the rupee appreciated 0.67 percent on a single day, emerging as the best-performing currency among Asian peers. Over the week, it gained 0.86 percent, and since the RBI began heavy interventions on December 16, the currency has strengthened by 1.54 percent.
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As one of India’s leading life insurers, we at HDFC Life welcome this progressive legislation. It balances growth, governance, customer protection and ease of doing business, setting the stage for the next era of insurance transformation
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Turning around an institution is a mammoth task. Especially when it is going through investigations for fraud. Rajiv for a foreseeable future may be caught between clearing the air for things that happened in the past and aspirations to take the ship forward. A tough tug-of-war
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Going ahead, the next chapter for the rupee will hinge on three critical variables: the trajectory of India-US trade talks, portfolio flows in the face of elevated US yields, and the central bank’s appetite for intervention if volatility spikes.
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The central bank in this month has provided durable liquidity of Rs 1.50 lakh crore through OMO purchases and USD/INR Buy/Sell swap auctions. Additionally, through VRR auctions, the central bank inject liquidity worth Rs 2.60 lakh crore.
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"While the bank is in litigation (including writ petition) on similar issues raised in orders/SCNs in the past, since the aggregate/cumulative amount involved in the above crosses the materiality threshold, this matter is being reported," it said.
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Banks is India rely heavily on deposits for liabilities, as against market borrowings in the US but it may change in 10 years, Setty tells Moneycontrol
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YONO as a property is inseparable from SBI. The bank has identified 10,000 branches, predominantly those with high footfall, and deployed floor managers to assist customers with YONO, Setty tells Moneycontrol
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SBI has done very well in terms of business, protecting the margins despite moderation in policy rates, chairman CS Setty tells Moneycontrol
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The domestic currency opened at 90.3700 against the US dollar, as compared to 90.3775 against the greenback at previous close
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Alongside KKR’s stake sale, the private equity firm has also made an offer to acquire the shares held by Ranu Vora, one of Avendus’ co-founders.
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According to the RBI’s data, banking system liquidity stood at Rs 60,787.81 crore deficit as on December 17. This marks a deficit after October 28, 2025, when the deficit stood at Rs 8,083.79 crore.
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The central bank increased its short dollar forward positions by $6 billion in September, marking the first rise in six months. This marks an important move by the central bank when the Indian rupee has been depreciating sharply and support was needed without reducing the forex reserves. Usually, forward position by the RBI helps the currency to cool off a bit.
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The rupee has slipped 5.97% this year, making it the worst performing currency in Asia followed by the Indonesian rupiah, down 3.53%, and the Philippine peso, which has declined 1.37%
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Retail credit demand has revived, but early warning signals suggest lenders should celebrate cautiously
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The near-term improvement follows a sharp correction in India’s merchandise trade deficit in November, which narrowed to $24.5 billion from a record $42 billion in October.
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Currency markets have no natural anchor like equity markets do. So, movements can overshoot in the short term. However, once volatility becomes excessive, the RBI will step in, Mishra said.
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The spillover of the currency depreciation was also seen on the equity markets, which ended lower for the second consecutive day on December 16.
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The near leg or spot leg is on December 18, 2025, and the far leg is on December 18, 2028.
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The proposed transaction will not trigger an open offer, as the stake acquisition will be entirely through a primary issuance of shares.
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In Moneycontrol's Pro Panorama December 16 edition: Right to Disconnect misses core issues, traders face evolving challenges and opportunities in 2026, quick commerce boosts online FMCG market share steadily, digital banking growth sees rising customer complaints, and more
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On December 15, the currency slipped to fresh record low of 90.7850, extending its year-to-date decline to about 6 percent
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The Reserve Bank of India has mandated that HDFC Bank acquire a major shareholding within one year of the approval on December 15, failing which it will be cancelled.
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The rise of digital banking has also seen increased customer dissatisfaction, show RBI ombudsman scheme data
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The sale process may involve divestment of items on its core balance sheet. RBL Bank likely to join the bid process
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Setty says the bank plans to deploy 10,000 floor managers, up from the current 3,500, to assist customers with digital migration at branches
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Insurers and intermediaries are likely in discussions with IRDAI on issues such as staffing, infrastructure expansion, and disposal timelines under the proposed changes
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Confident of doubling the wealth assets in the coming years, Verma shares insight into his plans for wealth business and more in an exclusive interview with Moneycontrol
