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Rupee gains for second day, up 25 paise against dollar at 87.82

Trump's claim of India committing to stop buying Russian oil, easing dollar index and strong Asian currencies give support to the rupee

MPC minutes show a policy pause that sounds like a whispered rate cut

Inflation is at eight-year lows, growth is solid, and two members are keen to ease — yet the RBI still sits on its hands

HDFC Life’s Q2FY26 net profit rises 3% to Rs 448 crore; total premium up 15% YoY

Individual Annualized Premium Equivalent (APE) stood at Rs 6,471 crore, marking a 10 percent rise from Rs 5,864 crore last year

RBI’s gold reserves rose more than $19 billion this fiscal amid Trump tariffs, Fed rate cut bets and global turmoil

Since the beginning of the year, global uncertainties have increased, starting with tariff imposition by the US, India-Pakistan tensions, and the Iran-Israel unrest which led to a strong US military action.

RBI's ECL norms to reduce Tangible Common Equity for banks by 50-80 bps, says Moody’s

Expected Credit Loss (ECL) framework of provisioning for bad loans, with prudential floors, is proposed to kick in from April 1, 2027, the Reserve Bank of India (RBI) Governor Sanjay Malhotra said on October 1, during the monetary policy announcement.

SBI to raise Rs 7,500 crore through Basel-III Tier-II bonds

On July 16, the board of SBI approved raising up to Rs 20,000 crore through bonds in FY26

RBL Bank set to become Emirates NBD's largest subsidiary outside Dubai

Sources indicate that Emirates NBD will infuse fresh capital at Rs 295 a share to take a 51% stake in RBL Bank. Emirates will take five board position in RBL Bank and subsequently through an open offer pick up an additional 25% stake. RBL Bank may be merged with Indian operations of Emirates NBD, though the wholly owned subsidiary mode

Rupee opens 52 paise up as dollar eases on renewed hopes of US Fed rate cuts

The dollar index, which measures the greenback's against a basket of six major currencies, fell to 98.883 in the morning from the previous close of 99.047

Chart of the Day | India CPI inflation at 8-year low, food deflation at -2.3% makes case for RBI rate cut

Food prices are in deflation, gold is soaring, and core inflation ex-gold is benign . RBI can’t hide behind averages anymore.

Bank of Maharashtra pegging quarterly ECL provision at Rs 100-125 crore, says CEO Nidhu Saxena

On January 24, 2025, Moneycontrol citing sources reported that bank is expected to do additional provisions of Rs 125-150 crore every quarter.

Why treasury income of banks is expected to fall in Q2? Here are three reasons

Whenever, the bond yields rise, prices fall due to inversely proportional relationship between both. This leads to lower mark-to-market gains on the investment of banks in these securities.

Bank of Maharashtra Q2 profit rises 23 percent to Rs 1,633 crore, NII up over 15 percent, sharp selloff in shares

Net Interest Income (NII) grew by 15.71 percent year-on-year to Rs 3,248 crore in Q2FY26 as against Rs 2,807 crore for Q2FY25.

NBFC Q2 earnings preview| PAT to grow 8-28% YoY on stable margins, improving asset quality

Brokerage firms expect asset quality of most NBFCs to remain broadly stable amid better customer selection, stricter credit underwriting, and improved collection efforts.

Piramal, KKR seek exit from Shriram General Life Insurance: Sources

Both investors are said to have initiated the exit process and are mulling various options including a listing for the company or a secondary sale.

Can RBI’s UMI pitch become a game changer?

Tokenised assets and CBDC-based settlements sound futuristic, but caution is warranted.

E20 fuel troubles may trigger insurance disputes as car maintenance costs double

Policy terms may need to revised to define ethanol-related exclusions clearly to prevent insurers from facing rising claim disputes over what’s covered and what’s not, industry insiders say

HSBC launches digital merchant services in India to simplify e-commerce payments

The service supports card transactions, including Mastercard, Visa, and RuPay, along with Unified Payments Interface (UPI), net banking, and other payment methods, which will be rolled out in a phased manner

Pretty happy with the outcome of market listing: Rajiv Sabharwal, MD & CEO, Tata Capital

We have added over 22 lakh new shareholders to the Tata Capital family, says Rajiv Sabharwal

Banks Q2 preview: PAT likely to fall 7-8% amid lower treasury gains, decline in NIMs

Emkay Global Financial Services expect HDFC Bank, ICICI Bank, Indian Bank and RBL Bank to be outliers, with Axis Bank, Federal Bank, Bandhan Bank, Canara Bank and Union Bank of India reporting softer quarter due to weak margins and elevated credit costs

Treasury frauds at IndusInd Bank may date back to 2017 or earlier, emails reveal

Emails accessed by Moneycontrol indicate that IndusInd Bank’s former CFO Arun Khurana was aware of fraudulent accounting practices adopted for foreign derivative contracts. Separately, days ahead of the Grant Thornton audit report, CHRO Zubin Mody had calls with select employees where he was quoted as saying, 'say everything you know'

Truhome Finance awaits rating upgrade after doubling AUM to Rs 20,000 crore

Warburg is expected to provide additional growth capital as Truhome scales up further

Rupee opens 7 paise down against dollar at 88.76 tracking weakness in Asian currencies

Trade tension between the US and China resurfaced after United States President Donald Trump threatened '100 percent tariff' on all Chinese goods beginning November 1

Banking Central | RBI's digital innovation: Laudable moves but caution is a must

The Unified Lending Interface paves the way for a blockchain powered financial future but the RBI will need the guardrails in place to thwart threat actors who are always a step ahead

RBI appoints Sonali Sen Gupta as new executive director

As Executive Director, Sen Gupta will oversee the Consumer Education and Protection Department, the Financial Inclusion and Development Department, and the Inspection Department, the central bank said.

PSU banks see uptick in credit demand in vehicle, consumer durable loans post-GST cut, say bankers

On August 26, Moneycontrol reported that Indian banks are eyeing a revival in credit demand in the second half of the current financial year (H2FY26), with bankers projecting growth in the range of 10–12 percent, supported largely by the upcoming festive season beginning September.

Irinjalakuda Town Co-op Bank auditor had flagged negative CRAR, other violations

The RBI superseded the bank's board on on October 7, citing concerns over the lender’s deteriorating financial health and governance issues

Weaver Services to consolidate People Home Finance, Centrum Housing Finance by FY27, says CEO Anil Kothuri

Kothuri also said the company has set an internal target is to reach an AUM of Rs 10,000–12,000 crore before exploring an Initial Public Offering (IPO).

OPINION | Acquisition Financing: RBI should keep prudence at the heart of reform

Allowing Indian banks to fund corporate acquisitions introduces opportunities but also unfamiliar risks - ones most are neither structured nor seasoned to manage. What is framed as financial modernisation must be guided by the same prudence that has long defined India’s banking stability under RBI’s stewardship

JPMorgan seeks to accelerate push into payment services in India

JPMorgan is deepening its India play in cross-border payments and transaction banking, to serve both multinational firms operating in India and Indian companies expanding overseas.

Non-life insurers' premium grows 13.17% in September; Acko, United India lead

Overall, general insurers continued to dominate the market with an 83.65% share, followed by standalone health insurers at 11.88% and specialised insurers at 4.47%.

Life insurers’ new business premiums rise 14.8% in September, led by private players

On a year-to-date basis, LIC’s collections rose 4.7 percent to Rs 1,21,008 crore, from Rs 1,15,550 crore in the first half of FY25.

OPINION | Risk-based premium for deposit insurance provides banks with the right set of incentives

The move will reward safer banks with lower insurance cost and, thereby, foster a more robust banking system. On the flipside, increased cost burden on weaker banks may also make it harder for them to compete

Regulatory framework in India completely in sync with time, says KV Kamath

Comparing India’s regulatory readiness with global peers, Kamath said that the country now stands among the world’s most adaptive jurisdictions.

SBI working on simplification of KYC process, to engage with regulator, govt: Chairman

Setty said the lender needs to get the 'collections piece right' on the small value loans before rolling out other products on the UPI

Banks well versed in acquisition financing, says SBI chairman CS Setty

On October 1, RBI proposed to provide an enabling framework for banks to finance acquisitions by Indian corporates

OPINION | RBI's October 2025 Policy Shift: Bold regulatory reforms for a resilient future

The RBI’s October 2025 policy overhaul focuses on price stability, strengthened Basel norms, AI regulation, and revamped credit frameworks. This shift aims to enhance financial resilience, encourage innovation, and sustain growth

The populist shadow hanging over central banks and QE

The massive bond purchases are being unwound at a time of fierce political criticism of the monetary authorities. The controversy could limit options in future crises

Canara HSBC Life banks on new agency, digital channels for next leg of growth amid IPO launch

No fresh fund infusion planned; insurer to fund expansion through internal accruals, says CEO Anuj Mathur

Chart of the Day | Where do households see inflation ahead?

The RBI’s latest surveys offer a glimpse into the public expectations on inflation

M&A funding: Why banks must lend with their eyes open

Allowing banks to finance takeovers could unleash a deal wave. But unless guardrails are tight, today’s “growth enabler” could turn into tomorrow’s NPA headache

RBI supersedes board of Irinjalakuda Town Co-operative Bank, appoints administrator

According to the RBI, the action was “necessitated due to certain material concerns emanating from continued poor financial condition and governance standards observed in the bank.”

On track to complete PSU banks divestment via OFS by FY26, says DFS Secretary

On September 16, Nagaraju had said that there is no proposal to government stake below 51 percent and government to remain majority shareholder.

Financial AI applications must be designed in such a way to avoid inadvertent destabilisation of markets: RBI DG

T Rabi Sankar said that through planning and guidance, and structured engagement with industry, the RBI aims to foster an ecosystem where people can be aware of the security of the fact that people are in danger and the RBI has always fostered innovation with guidance, with good guardrails.

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