Banking Central | Thali cools, but RBI’s inflation battle is far from over
For a country where inflation is measured first in tomatoes and onions and only later in spreadsheets, this counts as genuine relief.
M&A loans: RBI is opening the gates. Do Indian banks have the playbook?
Governor Malhotra says guardrails are in place and judgement should rest with banks. History suggests judgement, not regulation, will decide the outcome.
Fintech firm Slice Small Finance Bank turns profitable, reports Rs 7 cr net in H1 FY26
One of the key reasons behind the improving financials was the falling cost of funds, as Slice could now receive deposits from the public, which is cheaper than loans from other financial institutions
K V Kamath says India’s right to wait as AI hype plays out; backs strong valuations, buoyant IPO market, bank reforms
Speaking at the Global Leadership Summit, K.V. Kamath said that while the world is witnessing an intense wave of enthusiasm over AI, “a bit of the hype has to die down” before the true economic value of the technology becomes clear.
LIC’s GST impact under 1%, ITC burden not passed onto agents: CEO Doraiswamy
The insurer expects that exemptions on life insurance products will boost business volumes, support top-line growth, and provide opportunities to optimise expenses
India needs ‘big and world class’ banks, work on PSB consolidation has begun: FM Sitharaman
On October 15, Moneycontrol have reported that India's banking sector is headed for another round of public sector bank consolidation with the government working on a mega merger that could see smaller lenders being merged with larger banks.
Piramal Finance on track to 3% RoA, MD Jairam Sridharan says, as stock begins trading
The MD and CEO of Piramal Finance said the NBFC would start its new innings on the stock exchanges on a clean slate, and is all set to meet the 3 percent RoA target in the coming years.
India plans to retain cap on voting rights for large shareholders in banks: Report
The government is also seeking a majority investor in state-owned IDBI Bank, expecting to conclude that process by end of March 2026.
Distributors agreed to bear ITC as GST relief boosts affordability, volumes, Niva Bupa’s MD and CEO
Niva Bupa CEO Krishnan Ramachandran said that the distributors have agreed to bear the ITC as the recent GST relief is improving affordability and driving higher policy volumes.
Fusion Finance founder Devesh Sachdev steps down from board, exits all roles
Sachdev's resignation from the board, which came into effect on November 4, formally completes his exit from all executive and governance roles at the micro-finance lender
RBI’s huddle with dealers: Liquidity tightening or signalling risk control?
We have seen the system slip into meaningful deficit episodes this quarter
Rupee opens 13 paise up at 88.52 against dollar tracking gains in Asian currencies
The rupee is expected to move in the 88.40-88.90 range, depending on how the RBI takes the currency forward, experts say
November blues: Rupee likely to trade close to 89 amid trade uncertainty, strong dollar
On November 4, the RBI intervened in the NDF market to defend rupee from touching record low
SBI maintain 20% of GDP as asset portfolio, aims to grow to 25%, says Chairman CS Setty
Setty added that after several quarters of muted activity, corporate loan growth has started to pick up, buoyed by a strong pipeline and improving credit demand. Setty said that while there were sizeable prepayments in recent quarters partly due to the lender’s decision not to match aggressive pricing and partly because several corporates chose to repay loans using surplus cash the outlook has turned positive.
Yes Bank stake sale yielded 14% IRR, no compulsion to hold or sell remaining shares: SBI chairman CS Setty
According to Setty, SBI’s primary intent in participating in the reconstruction plan was not profit-making but supporting financial stability at a crucial time.
RBL Bank shares jump 2.5% today as Mahindra & Mahindra sells stake with 64% gain via block deal
Automobiles major Mahindra & Mahindra had invested Rs 417 crore in July 2023 to acquire a 3.5 percent stake in RBL Bank at Rs 197 per share. The current deal is expected to deliver a gain of roughly 64 percent on that investment.
Privatisation of banks unlikely to hurt financial inclusion drive, national interest: FM Nirmala Sitharaman
Nirmala Sitharaman said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned
Life insurers' non-par products gain traction in rebalance, but HDFC Life bucks the trend
HDFC Life's non-par share declined sharply to 18 percent in H1FY26 from 32 percent a year ago, a deviation in an otherwise uniform industry tilt toward guaranteed-return products.
Shriram Life’s new business premium up 17 percent in H1FY26, renewal premium rise 43 percent
Kromhout called the government’s move to reduce GST on individual term insurance policies from 18 percent to zero a 'landmark decision' that would make pure protection products more affordable and expand industry penetration.
Tata Capital Housing’s Ajai Shukla likely frontrunner for PNB Housing CEO's role
Ajai Shukla has held multiple leadership roles across Tata Capital and its housing finance arm. An official announcement regarding the appointment is expected shortly, it is learnt.
Rupee appreciates most in over two weeks on likely RBI intervention in NDF market
The local currency has remained towards 88.70 in the last few weeks amid pressure from the Asian currencies.
Canara Bank rides the CASA turnaround; MSME and vehicle loans to drive H2 growth, says MD and CEO
Canara Bank MD and CEO also said the lender is preparing to capitalize on the opportunities in the M&A financing space.
MUFG in advanced talks with Shriram Finance for a 20% stake
MUFG likely to invest $3-4 billion in India’s largest vehicle financier; Japanese lender will infuse fresh capital into the lender and secure two board positions.
ACKO to ramp up EV-specific products, distribution channels as it begins Tesla linked insurance: CEO Animesh Das
CEO Animesh Das said the company plans to significantly scale up this share in the coming quarters, although refraining from providing any specific guidance
Banking Central | What does UPI surge mean for Indian payments system?
UPI’s future hinges on whether policymakers allow it to stand on viable economic legs
