The effect on volumes, product mix and profitability will depend on how distribution channels adjust, how insurers reprice to offset the loss of input tax credits, and whether employers push individual policies over group benefits.
According to RBI data, the net liquidity surplus has declined from Rs 2.87 lakh crore on September 5 to Rs 2.36 lakh crore on September 8, a drop of over Rs 50,000 crore in just three days.
The recent depreciation of the currency is, however, finding some support after President Trump posted on Truth Social that Washington and New Delhi will resume negotiations to resolve ongoing trade frictions, even as the US administration's 50 percent levy on Indian goods.
With recent GST reforms easing inflationary pressures and fiscal deficit projections intact, Mint Road gains more policy space while staying firmly data dependent.
Seventeen central banks from across the world are expected to take part in the Global Fintech Fest (GFF) 2025, highlighting the event’s position as the world’s largest fintech conference.
The 10-year benchmark bond yield, a threshold for borrowing rates in the money market, spiked by 18-20 basis points (bps) after the announcement of the recent GST reforms. The measures, while aimed at stabilising revenues and demand, raised speculation that that the government might adjust its borrowing program, which lead to increase in bond yields.
In an internal meeting with select business head of the bank, Rajiv Anand is said to have asked business heads to draw up a plan within the next 45 days to tighten compliance, fill the gaps in processes and strengthening the business.
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Premium income for private insurers climbed 10.84 percent to Rs 65,410.42 crore during the period under review, up from Rs 59,013.14 crore last year. LIC, on the other hand, posted a modest 3.02 percent growth, collecting Rs 98,051.09 crore compared to Rs 95,180.63 crore a year ago
Traditionally, the demand for currency in hand increases during the festival season between September and November, when India celebrates Ganesh Chaturthi, Navratri, Dussehra, and Diwali. Additionally, election-related spending also pushes up cash withdrawals in states heading to polls.
The rupee is expected to remain in the 87.80-88.30 range against the dollar
Sources say, insurers may be fearing the possibility of customer grievances if refunds are delayed or denied, while actuarial teams face the challenge of recalculating projections for policies spanning across the transition period
Businesses waiting to shift from being fossil fuels guzzlers to green units would be the focus and the sweet spot for DBS Bank's 'transition finance', says Helge Muenkel
The fintech, which developed GraamPay and the Viyona Pay app, said the approval will accelerate its plans to expand digital payments across Tier II, Tier III, and rural markets in India, in partnership with banks.
This growth will be supported by an expansion of the bank's branch network from 752 to nearly 1,150 branches, Ujjivan said, adding that it aims to increase cross-selling to its customer base, including offerings such as IPO-ASBA, insurance, mutual fund distribution, remittances and co-branded credit cards.
According to sources, financial bids for IDBI Bank is likely to be sought in October. Kotak Mahindra Bank said to have renewed its interest in the bidding process, extensive diligence underway.
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Year-to-date, the rupee has lagged its Asian peers, weakening by about 2.85 percent in 2025.
The dollar index, which measures the greenback's strength against a basket of six major currencies, fell to 98.112 in the morning from the previous close of 98.347.
In a statement, IndusInd Bank said its board had acted collectively to address incidents of “gross irregularity, suspected fraud and dereliction of duty” that were brought to its attention.
Despite the GST relief and the upcoming festive season, lenders are exercising caution, with analysts expecting credit growth to remain largely unchanged amid trade-related uncertainties.
With the GST Council continuing to levy 18 percent tax on group health policies, employers may scale back group coverage and shift toward allowances for individual insurance coverage plans.
The investment of banks in the central and state government securities grew 2.4 percent year-on-year to Rs 65.17 lakh crore as on August 22.
Experts believe the GST reform will act as a cushion against tariff-related uncertainties, and should the US levies ease, the combined tailwind along with Centre's fiscal support and easier monetary conditions could lift confidence across manufacturing supply chains.
