Rupee opens 4 paise lower against dollar at 90.92, US tariff uncertainty weighs
All eyes will be on the Reserve Bank of India, which has been intervening to prevent the rupee from slipping below the 91-mark, say experts
Why IDFC First Bank’s Haryana shocker is a governance wake-up call for others
The Rs 590-crore fraud and the state’s swift de-empanelment order underline the importance of governance, risk management in institutions
How a simple bank request unearthed four IDFC First Bank staff's Rs 590-crore fraud
IDFC First Bank News: The issue came to light after a Haryana government department requested closure of its account and transfer of funds to another bank.
Airtel unveils Rs 20,000-crore NBFC war chest to scale digital lending
The announcement follows Airtel Money receiving its NBFC licence from the RBI on February 13, formally enabling the telecom major to scale its digital lending ambitions
IDFC First Bank to implement new fraud controls to prevent unauthorised debits
Moves come after the the lender flagged a Rs 590 crore fraud in one of its branches in Chandigarh
Performance Gap Between PSU & Pvt Bank Is Narrowing In Stock Market And P&L: SBI Chairman
After reporting a Q3 loan growth that was higher than 4 of the top 5 private banks, SBI Chairman speaks to moneycontrol about how the bank is employing AI to control frauds and serve customers through hyperpersonalised advice. He is readying a crack team of corporate and merchant bankers from SBI & SBI Caps to prepare for M&A financing. hear out a many sided chat on Latha & The Leaders covering capex cycle, slowing deposits, improving asset quality, and more.
Banking Central | MPC is right in holding fire for now but must prepare to move
With inflation benign and growth firming up, the February MPC minutes show a central bank choosing patience over posturing. That caution is wise, for now
Shares of IDFC First Bank, AU Small Finance Bank crash up to 15% after de-empanelment by Haryana govt
Share price crash comes after Haryana government de-empanels both IDFC First Bank and AU Small Finance Bank due to Rs 590-crore fraud at the former
De-empanelled by Haryana, AU Small Finance Bank opens probe, sends staff 'offduty'
The move comes after IDFC First Bank reported a Rs 590-crore fraud at its Chandigarh branch involving some Haryana government accounts
IDFC First Bank CEO vows necessary action after Rs 590-crore fraud, says will fix issues
Our investors who know us for over a decade, trust us and appreciate our capability to build long term businesses with good governance, V Vaidyanathan tells Moneycontrol in an interview
After Rs 590 crore fraud, Haryana govt stops government dealings with IDFC First Bank
IDFC First Bank News: The Haryana government has de-empanelled IDFC First Bank and AU Small Finance Bank for government business with immediate effect till further orders, according to an official circular
Greater securitisation is the answer to slowing deposit growth: SBI Chairman
SBI chairman C S Setty says deposit-to-MF shift is irreversible, urges securitisation to fund credit growth, and credits EASE for PSU bank revival.
SBI not worried about RBI mis-selling curbs, says Setty; bank assembles team for M&A financing deals
Not just loan growth, but even in terms of other matrices like credit cost, PSU banks have been showing better numbers.
IDFC First Bank flags Rs 590-crore fraud in Haryana govt-linked accounts at Chandigarh branch
The lender, in a statement, said an investigation has been initiated and suspected employees have been placed under suspension
ICICI Pension launches NPS Swasthya Equity Plus under pension regulator sandbox
This will be the first project under the PFRDA regulatory sandbox and will focus specifically on healthcare
RBI meeting minutes show optimism in economic growth, muted inflation print
The meeting minutes released said that the Indian economy is likely to improve considerably post the trade agreements with US and EU
OPINION | Vault Matters: RBI’s directive on mis-selling is a band-aid on the wound, not a cure
RBI is trying to fix the distribution aspect of mis-selling. The role of mutual funds and insurers remains unaddressed. Sebi and IRDAI have to step up to address core issues
Chart of the Day | Low CASA makes record high credit-deposit ratio a ticking time bomb
Deposits must become attractive to households again so that banks are not left scrambling
Lack of credible health data biggest hurdle in insurer-hospital disputes: Subhendu Kumar Bal
Quantitative Impact Study-1 (QIS-1) has been concluded and analysed, while QIS-2 is currently under evaluation, says SBI Life's Chief Risk Officer Bal
OPINION | India’s Banking Liquidity Paradox: Massive infusion but hardening yields
Over 14 months beginning December 2024, RBI injected almost Rs 18 trillion of permanent liquidity. Yet, yields hardened. This was because large-scale dollar sales by the central bank offset the liquidity surge
SC spectrum ruling hits recoveries for banks, but the real damage is on lending to telcos
The real damage from SC’s ruling on spectrum is not recoveries but the caution on lending to telcos now
Recent rate cuts have hurt banks more than the last cycle, data indicates
Data analysed from bank’s financial statements from Q4FY20 to the third quarter of FY26 show that NIMs have largely shrunk by an average of 154 basis points (bps) in the current round of rate cuts, as compared to a reduction of 40 bps, on an average, in the previous cycle.
Inside the delay: Why Bima Sugam India Federation is not ready despite multiple launch timelines
At the heart of the project sits a structural paradox — the platform seeks to unify an ecosystem whose strongest participants are, at the same time, contenders
Fighting dark patterns: What new RBI draft mis-selling rules mean for banks, customers
The new RBI draft rules for advertising, marketing and mis-selling of financial products aim to strengthen consumer protection and curb malpractices in financial institutes
Bond yields edge lower after US inflation data revives rate cut hopes
The benchmark Indian bond yield fell to 6.667% on February 16
