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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.
From data empowerment to digital platforms, the central bank is not just regulating but demonstrating how technology must shape the future of Indian finance
It's high time RBI empowered innovation without getting into micromanagement
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.
Lower entry costs will encourage first-time buyers to consider insurance policies both in life and general plans, and wider adoption and a large customer base is where we see real growth and potential, say industry leaders.
The cut in GST is aimed at spurring consumption ahead of the festive season, even as Trump's tariffs threaten the country's exports
According to Bloomberg data, the rupee has weakened by 13.6 percent against the Euro, 9.3 percent against the Pound, and 8.4 percent against the Yen. In contrast, it has declined only 2.73 percent against the US dollar year-to-date.
The dollar index, which measures the greenback's strength against a basket of six major currencies, rose to 98.485 in the morning trade after ending the previous session at 98.397
While industry and services credit remain steady, the sharp deceleration in personal loans points to cooling household demand.
The bank has concluded the issue of $500 million Senior Unsecured Fixed Rate Notes, having a maturity of 5 years and a coupon of 4.5 percent payable semi-annually
Indian bond yield has been under pressure since last few weeks, especially after the announcement of the GST reforms by the government.
What started as a localised issued between Bajaj Allianz and AHPI, has turned out to become a health insurance sector issue with more players latching on to problem
Experts said that Indian issuers are finding it harder to access international bond markets as investors demand higher spreads on emerging market debt amid geopolitical tensions and currency risks.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, rose to 97.818 in morning trade from 97.771 at the previous close.
MSME borrowers have come under strain and banks have begun to increase the spread on loan rates to capture credit risk
In the financial account, foreign direct investment (FDI) recorded a net inflow of $ 5.7 billion in Q1FY26 as compared to a net inflow of $6.2 billion a year ago.
The Germany-based bank has pledged to make its retail business more profitable
The Indian rupee has depreciated around 0.7 percent in August, and on a year-to-date basis, it is weaker by 2.94 percent against the US dollar. August saw fourth month of weakness, which experts have attributed to tariff-related uncertainty.
Analysts point out that states typically receive large inflows from tax devolution and central transfers in lump sums, while spending on salaries, subsidies, and capital projects tends to be back-loaded. This mismatch leaves states with temporary surpluses that need a safe parking space.
