PSU banks see uptick in credit demand in vehicle, consumer durable loans post-GST cut, say bankers
On August 26, Moneycontrol reported that Indian banks are eyeing a revival in credit demand in the second half of the current financial year (H2FY26), with bankers projecting growth in the range of 10–12 percent, supported largely by the upcoming festive season beginning September.
Irinjalakuda Town Co-op Bank auditor had flagged negative CRAR, other violations
The RBI superseded the bank's board on on October 7, citing concerns over the lender’s deteriorating financial health and governance issues
Weaver Services to consolidate People Home Finance, Centrum Housing Finance by FY27, says CEO Anil Kothuri
Kothuri also said the company has set an internal target is to reach an AUM of Rs 10,000–12,000 crore before exploring an Initial Public Offering (IPO).
OPINION | Acquisition Financing: RBI should keep prudence at the heart of reform
Allowing Indian banks to fund corporate acquisitions introduces opportunities but also unfamiliar risks - ones most are neither structured nor seasoned to manage. What is framed as financial modernisation must be guided by the same prudence that has long defined India’s banking stability under RBI’s stewardship
JPMorgan seeks to accelerate push into payment services in India
JPMorgan is deepening its India play in cross-border payments and transaction banking, to serve both multinational firms operating in India and Indian companies expanding overseas.
Non-life insurers' premium grows 13.17% in September; Acko, United India lead
Overall, general insurers continued to dominate the market with an 83.65% share, followed by standalone health insurers at 11.88% and specialised insurers at 4.47%.
Life insurers’ new business premiums rise 14.8% in September, led by private players
On a year-to-date basis, LIC’s collections rose 4.7 percent to Rs 1,21,008 crore, from Rs 1,15,550 crore in the first half of FY25.
OPINION | Risk-based premium for deposit insurance provides banks with the right set of incentives
The move will reward safer banks with lower insurance cost and, thereby, foster a more robust banking system. On the flipside, increased cost burden on weaker banks may also make it harder for them to compete
Regulatory framework in India completely in sync with time, says KV Kamath
Comparing India’s regulatory readiness with global peers, Kamath said that the country now stands among the world’s most adaptive jurisdictions.
SBI working on simplification of KYC process, to engage with regulator, govt: Chairman
Setty said the lender needs to get the 'collections piece right' on the small value loans before rolling out other products on the UPI
Banks well versed in acquisition financing, says SBI chairman CS Setty
On October 1, RBI proposed to provide an enabling framework for banks to finance acquisitions by Indian corporates
OPINION | RBI's October 2025 Policy Shift: Bold regulatory reforms for a resilient future
The RBI’s October 2025 policy overhaul focuses on price stability, strengthened Basel norms, AI regulation, and revamped credit frameworks. This shift aims to enhance financial resilience, encourage innovation, and sustain growth
The populist shadow hanging over central banks and QE
The massive bond purchases are being unwound at a time of fierce political criticism of the monetary authorities. The controversy could limit options in future crises
Canara HSBC Life banks on new agency, digital channels for next leg of growth amid IPO launch
No fresh fund infusion planned; insurer to fund expansion through internal accruals, says CEO Anuj Mathur
Chart of the Day | Where do households see inflation ahead?
The RBI’s latest surveys offer a glimpse into the public expectations on inflation
M&A funding: Why banks must lend with their eyes open
Allowing banks to finance takeovers could unleash a deal wave. But unless guardrails are tight, today’s “growth enabler” could turn into tomorrow’s NPA headache
RBI supersedes board of Irinjalakuda Town Co-operative Bank, appoints administrator
According to the RBI, the action was “necessitated due to certain material concerns emanating from continued poor financial condition and governance standards observed in the bank.”
On track to complete PSU banks divestment via OFS by FY26, says DFS Secretary
On September 16, Nagaraju had said that there is no proposal to government stake below 51 percent and government to remain majority shareholder.
Financial AI applications must be designed in such a way to avoid inadvertent destabilisation of markets: RBI DG
T Rabi Sankar said that through planning and guidance, and structured engagement with industry, the RBI aims to foster an ecosystem where people can be aware of the security of the fact that people are in danger and the RBI has always fostered innovation with guidance, with good guardrails.
IndusInd Promoter IIHL Mauritius acquires full ownership of Sterling Bank, renames it IIHL Bank & Trust
The Mauritius-based IIHL, with a net worth of US$1.26 billion as of August 31, 2025, has investments across the Banking, Financial Services, Securities, and Insurance (BFSI) sectors.
Insurance agents & associations likely to take up GST issue with IRDAI, Finance Ministry
While strict cost caps has forced private insurers to pass GST burden to agents, PSUs like LIC, New India Assurance, Oriental and United India have decided to absorb loss
IndusInd's loan book shrinks, Yes Bank slowdown contrasts private peers' strong deposit growth in Q2
The deposit growth of the private banks remained in the range of 7.1-15.1 percent year-on-year in Q2FY26, higher than 9.28-12.13 percent growth registered by state-owned lenders.
IndusInd Bank hires former Yes Bank executive Pankaj Sharma as head of business transformation
Pankaj Sharma is seen as taking over from Anil Rao, the current head of operations at IndusInd Bank. Anil Rao is set to superannuate in a few weeks and may not to seek an extended tenure.
Rupee opens 4 paise higher at 88.74/USD on support from IPO inflows
The local currency opened at 88.74 against the US dollar, as compared to 88.7825 against the greenback at the previous close.
Banking Central | What does the monetary policy mean for you and your budget?
Decoding the RBI's October review: Rate cuts remain distant, EMIs stay where they are
