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Two mid-sized SME lenders have supposedly called off their IPO plans. An NBFC focused on education loans has yet to refile for an IPO. One of the most anticipated listings of this year, HDB Financial Services, received only a lukewarm response from investors. Does this signal a tapering of investor interest in financial services?
The currency fell to 87. 9763 against the dollar after opening at 87.6963
In Q1, the central bank reduced the repo rate by 75 basis points to support growth, with a 25 bps cut in April and 50 bps in June
The rise in Dollar index comes as data showed the inflation-adjusted US GDP expanded faster than initially estimated in the second quarter, underscoring resilience in consumer spending.
Favourable rainfall and temperature conditions bode well for the kharif season. An increase in real rural wages may support demand in the second half of the fiscal
The central bank in the Bulletin said that it purchased $1.16 billion and sold $4.83 billion during the period.
India’s bank credit growth rose to 10.22 percent year-on-year in the fortnight ended August 8, the highest in more than three months.
On August 14, S&P Global Ratings has upgraded India’s long-term unsolicited sovereign credit rating to ‘BBB’ from ‘BBB-’, while also raising the short-term rating to ‘A-2’ from ‘A-3’.
The data also showed that new credit card issuance increased by 4.26 lakh to 11.1623 crore in July.
On the trade front, economist estimates that exports could decline by $30 billion-35 billion over the year due to the tariff shock. Even after factoring in cheaper Russian oil, the net export loss would be $25 billion-30 billion, translating to a GDP drag of 60-80 bps annually.
Any fresh RBI directive could mainly hit large gold finance companies that have their micro-finance arms disbursing loans by taking the precious metal as collateral, the people said.
While specific details of the approval are not known yet, the move is seen as a step towards strengthening the role and influence of NBFCs.
The rupee was also helped by growing chances of the US Federal Reserve cutting rates in its September meeting
Proceeds of the issue will be deployed for climate change-related financing activities.
Further, Rai said that NaBFID is also funding municipal corporation whenever there is an opportunity.
August 2025 Bank Holidays: Banks are also closed on every 2nd and 4th Saturday, and every Sunday as regular weekly holidays.
According to the Reserve Bank of India (RBI) data, bank credit growth touched 10.22 percent year-on-year in the fortnight ended August 8, the fastest pace in over three months
Economists broadly anticipate that the central bank may deliver a token 25 basis point (bps) cut in the policy repo rate during the second half of FY26. The timing, however, remains uncertain.
The company’s loan book rose from Rs 1.2 lakh crore in 2023 to Rs 2.26 lakh crore in 2025, reflecting an 88%
We’ve already guaranteed close to Rs 35,000 crore in home loans—backing over 1.5 lakh homeowners across more than 400 locations nationwide, with the trust of over 25 lending institutions, including banks and housing finance companies, says IMGC's Mahesh Misra
Public sector lenders have shown more resilience than their private peers in thwarting erosion in profitability.
Nearly 12 years after the stock was included in the Nifty50 index, IndusInd Bank is no longer a part of the bellwether benchmark. But, IndusInd Bank isn’t alone. Yes Bank and Bandhan too saw their exclusion from the index and despite the respective crises apparently behind them, sentiments are yet to turn positive.
Banks’ corporate lending has remained tepid as businesses turn to the bond market to meet their funding needs amid falling rates
Banks and NBFCs should make special efforts to boost formal credit to them, RBI Governor said, adding that they should leverage the public digital infrastructure like the Unified Lending Interface (ULI) to achieve results.
The Dollar index eased after the US Fed chair left the door open on future interest rate cuts, while adding that there are risks of both rising unemployment and stubbornly higher inflation.
