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The local currency lost nearly 70 paise on March 4 in one of the largest single-day drops in recent months
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EY is said to be conducting a due diligence on IIFL Samasta Finance. IIFL Capital and DAM Capital have been appointed as bankers to the deal.
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The US-Israeli strikes on Iran and the latter’s retaliation are rattling global crude markets and emerging economies
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Where our differentiation becomes most visible is when clients go beyond a single market. Competing with major domestic banks purely for local business is not our model: BofA India CEO
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Moves come after the the lender flagged a Rs 590 crore fraud in one of its branches in Chandigarh
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Our investors who know us for over a decade, trust us and appreciate our capability to build long term businesses with good governance, V Vaidyanathan tells Moneycontrol in an interview
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The new RBI draft rules for advertising, marketing and mis-selling of financial products aim to strengthen consumer protection and curb malpractices in financial institutes
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The proposal to evaluate 26% ceiling on voting rights is viewed as a step towards removing the restrictions around foreign banks taking strategic initiatives. Change will be applicable only to banks operating through the wholly owned subsidiary route.
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The General Insurance Council has finalised standard treatment and admission guidelines for seven of the country’s most common infectious diseases following extensive consultations with healthcare providers
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Optimistic about the bank’s commercial vehicle financing business, Rajiv Anand, MD & CEO, IndusInd Bank, is working on garnering more deposits from CV-specific branches.
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RBI's commentary indicates we may be headed for a long pause. The question is how will the liquidity management happen from here on
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In addition, the RBI will release a draft framework on loan recovery and the conduct of recovery agents, says Sanjay Malhotra during MPC speech
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By holding the repo rate at 5.25 per cent and sticking to a neutral stance, the central bank is signalling that low inflation is an achievement to be protected, not a cue for haste.
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The February policy is expected maintain the repo rate at 5.25% as the RBI shifts focus from rate cuts to liquidity infusion, experts say.
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The board will evaluate listing options for IIFL Home Finance at an appropriate time, keeping market conditions and business readiness in mind, said Jain.
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The central bank has cut the repo rate by a cumulative 125 basis points since last February.
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Historically, the rupee’s biggest intraday appreciation was recorded on December 18, 2018, when it surged 1.62 percent, followed by a 1.51 percent jump on November 11, 2022, according to the Bloomberg data.
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The restructuring exercise which could result in an automatic listing of the health insurance arm is seen as a move aimed at unlocking shareholder value.
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After a sharp 15 percent correction in gold prices since Jan 30, the central bank is said to have sharpened its oversight on banks and NBFCs
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The company’s NIM stands at around 3.63%, within the guided range. The strategy is to increase the share of affordable, emerging and construction finance businesses, which offer better yields and help sustain margins, Shukla tells Moneycontrol
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We have consistently guided that NIMs plus fees will remain in the 10-10.5 percent range. Depending on interest rate and cost pressures, it may move within that band, but we don’t expect it to fall below 10 percent in the medium term, Roy said.
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The drawdown comes despite relatively attractive yields in the US bond market. During the period, the yield on the benchmark 10-year US Treasury traded in a wide range of 4.0–4.8 percent, levels that would typically support sustained foreign demand. However, economists say the reduction in holdings appears to be driven less by yield considerations and more by a strategic reassessment of reserve allocation.
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Clearing the air on whether Kotak Investment Bank has slipped on its fee growth in CY25 or is undercutting fee, its senior officials rubbish these claims and instead question foreign banks on their pricing model.
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The surge in CD issuances comes at a time when banks are grappling with sustained pressure on low-cost deposits.
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During 2024-25, schedule commercial banks added Rs 2.26 lakh crore of fresh NPAs, but reductions exceeded additions, led by recoveries, upgradations and write-offs totalling Rs 2.75 lakh crore. Write-offs accounted for the largest portion of reductions at Rs 1.58 lakh crore, followed by recoveries of nearly Rs 67,693 crore.
