The proposed transaction will not trigger an open offer, as the stake acquisition will be entirely through a primary issuance of shares.
In Moneycontrol's Pro Panorama December 16 edition: Right to Disconnect misses core issues, traders face evolving challenges and opportunities in 2026, quick commerce boosts online FMCG market share steadily, digital banking growth sees rising customer complaints, and more
On December 15, the currency slipped to fresh record low of 90.7850, extending its year-to-date decline to about 6 percent
The Reserve Bank of India has mandated that HDFC Bank acquire a major shareholding within one year of the approval on December 15, failing which it will be cancelled.
The rise of digital banking has also seen increased customer dissatisfaction, show RBI ombudsman scheme data
The sale process may involve divestment of items on its core balance sheet. RBL Bank likely to join the bid process
Setty says the bank plans to deploy 10,000 floor managers, up from the current 3,500, to assist customers with digital migration at branches
Insurers and intermediaries are likely in discussions with IRDAI on issues such as staffing, infrastructure expansion, and disposal timelines under the proposed changes
Confident of doubling the wealth assets in the coming years, Verma shares insight into his plans for wealth business and more in an exclusive interview with Moneycontrol
The year 2025 was to be the year of fireworks for Indian banking but it is winding up on a staid note with several unresolved issues carried into the new year
The firm is expanding its team of bankers across locations to cater to the growing needs of high-net-worth individual and ultra-high net-worth individual clients
T. Rabi Sankar’s blunt rejection of stablecoins is not ideological rigidity. It is a reminder that money, unlike technology, cannot survive on belief alone
SBI news: CS Setty said YONO 2.0 is a major technology upgrade that will offer a significantly improved customer experience while serving as a strong digital backbone for the country’s largest lender
SBI latest news: The bank has also announced a sharper cut in its External Benchmark Linked Rate (EBLR), which applies to most floating-rate retail loans such as home loans.
For the week ended December 5, foreign currency assets, a major component of the reserves, decreased by $151 million to $556.88 billion, the data released showed.
On December 11, the central bank conducted first tranche of OMO purchases and injected Rs 50,000 crore in the banking system.
JM Financial, IIFL Capital, Kotak and Jefferies have been appointed as bankers to the IPO
Around 40-50 percent of the recent 20-25 percent spike in cyber insurance uptake is coming from companies purchasing the cover for the first time, experts pointed out
The Board of Avendus Capital is set to convene next week to evaluate the deal proposal from Mizuho to buyout stakes held by KKR and other investors including a few founder promoters.
RBI data showed that bank credit stood at Rs 200.11 lakh crore as on November 28, as compared to Rs 179.59 lakh crore in a year ago period, and Rs 198.54 lakh crore as on November 14, 2025.
The local currency has surpassed the psychological level of 90 on December 3 and yet again recorded a low 90.5625 against the US dollar. This is despite India’s resilient macroeconomic conditions.
Scale brings the ability to absorb losses, to make losses look insignificant, and thereby give the impetus to grow without having to fear about how the profit and loss statement will look. If the economy must fast forward growth in the next ten years, that’s the need of the hour for Indian banking system
The company, called Indian Digital Payment Intelligence Corporation (IDPIC), is registered as a Section 8 (not-for-profit) company under the Companies Act, 2013. It was incorporated on October 16, 2025. SBI is the initial subscriber and promoter.
On October 1, the RBI announced over 21 deregulatory measures in a single day, marking one of the largest one-day policy overhauls in the central bank’s history.
Of the total bank credit of Rs 42.86 lakh crore, Maharashtra bags Rs 10.86 lakh crore in FY25. This is followed by Delhi with credit of Rs 7.07 lakh crore, Tamil Nadu with Rs 3.10 lakh crore of credit, and Karnataka with Rs 2.55 lakh crore, according to the Reserve Bank of India’s (RBI) Handbook of Statistics on Indian States 2024-25.
