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
Rs 2,000 notes worth Rs 5,817 crore still in circulation: RBI
The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023. Rs 2,000 banknotes continue to be legal tender.
Bank of Baroda eyes 10-11% corporate loan growth in H2FY26, says CEO Debadatta Chand
The bank is keeping a close watch on fluctuations in gold prices but does not expect any significant impact on its loan-to-value (LTV) ratios or portfolio performance in the near term, Chand said.
Bank of Baroda Q2 net profit falls 8% to Rs 4,809 crore, NII rises 3%
Bank of Baroda Q2 results: Asset quality improves
OPINION | Vault Matters: $7 billion, four banks and a new outlook to equity
Capital, equity, etc. are not concerns of RBI was the view that the central bank seemed to hold for a long time. The new regime and its thinking is proving this belief wrong, making for a welcome change
Canara Bank may raise Rs 3,500 crore via AT1 bonds by November
On October 30, the lender has informed exchanges that ratings agency ICRA has assigned ‘AA+’ ratings with ‘Stable’ outlook for the Basel-III compliant Tier-1 bonds.
Supreme Court asks IRDAI, industry to explore policies to improve motor insurance coverage
The supreme court is expected to deliberate on possible enforcement mechanisms and policy reforms to address the large-scale non-compliance of motor insurance in India.
Why banks are finding borrowing via TREPS more attractive over RBI’s VRR auctions
Market participants have said that the narrowing rate differential between TREPS and RBI’s VRR auctions has made the former route a more attractive option.
Rupee opens 9 paise up at 88.61/USD on Asian cues
Asian currencies were mostly higher on Friday, with the offshore Chinese yuan at 7.11 to the U.S. dollar
Union Bank of India working with two external agencies for ECL norms implementation, says CFO
Further, the managing director and chief executive officer Asheesh Pandey said there is no communication from the government on the consolidation of the state-owned banks.
FOMC rate cut gives RBI MPC further room, but policy action seen hinging on growth-inflation outlook
US Federal Reserve’s by 25 bps rate cut has increased the scope for policy flexibility for emerging markets like India, however, economists believe the Reserve Bank of India (RBI) will keep its focus on growth and inflation in framing the policy stance at the upcoming December monetary policy meeting.
RBL and Yes Bank: How India’s two largest banking sector deals happened
The Yes Bank-SMBC and RBL-Emirates NBD deals have opened doors for more such deals to happen in Indian banking ecosystem
UPI transactions grow by 35 percent in first half of 2025, with merchant payments expanding faster than P2P: Worldline report
Merchant payments (P2M) through the UPI route expanded faster than person-to-person (P2P) payments, by 37 percent to nearly 67 billion transactions, showed the report, as compared to a 31 percent growth in P2P transactions.
Chart of the Day | UPI moves the masses, RTGS moves the money
India’s payments data for the first half of 2025 shows two very different digital stories.
RBI's gold reserve rises to 880 metric tonnes at September -end
While 290.37 metric tonnes of gold were kept in safe custody with the Bank of England (BoE) and the Bank for International Settlements (BIS), 13.99 metric tonnes were held in the form of gold deposits, it said.
Go Digit Q2 profit surges 53% to Rs 136 crore; AUM up 15%
Gross written premium (GWP) for the quarter stood at Rs 2,667 crore, up 12.6 percent from Rs 2,369 crore in Q2 FY25.
Star Health Q2 profit drops 50% to Rs 317 crore
The expense ratio is currently at 29.7% in H1FY26.
Dia Vikas Capital cannot acquire more than 5% stake in ESAF Small Finance Bank: RBI
The move would force ESAF’s promoter to find an alternative way to reduce its shareholding in the bank
ICICI Prudential Life enables premium payments via NBBL Banking Connect
The feature allows policyholders to make premium payments directly through their preferred mobile banking app, without having to log in separately using internet banking credentials
HDFC bank puts bankers on leave amid Credit Suisse bond probe
The bank took the step over the last few months with the employees, who were at the center of the allegedly disputed trades of Credit Suisse’s Additional Tier 1 bonds
Governor Sanjay Malhotra’s term sees Rupee’s biggest drop since Subbarao’s first 10 months
RBI Governor Sanjay Malhotra’s period has coincided with a challenging global environment marked by a persistently strong dollar, geopolitical tensions, and a widening interest rate differential between India and the US.
Commercial Paper issuances down 66 percent in October as yields harden
Yield on commercial papers (CP) have hardened by 15-17 basis points amid fluctuation in the systemic liquidity in the banking system.
Today’s capex of a ‘different form’ compared to previous decades, says Citi India CEO
Citi India CEO said renewables, semiconductors, electronics and battery energy storage are some of bright pockets where capex is expected to rapidly grow in the coming years.
India might soon be 3-4 percent of Citi’s overall topline: Citi India CEO K Balasubramanian
Citi ranks No 1 in business with multinational, enjoys 35% market share in custodian biz, 14% share in forex and 8% market share in imports and exports biz
