Basu most recently served as the Chairman on HDFC Bank-subsidiary HDB Financial Services.
We are aiming the 60:40 ratio in FY26-27. Most likely, this will materialise by Q3 or Q4 of that year, as building a high-quality RAM book takes time, Chandra tells Moneycontrol in an interview
At 11.55 am, the currency was trading at 91.57 against the US dollar, a day after it sank to a new low of 91.74
In November, the Indian rupee remained in the range of 88.56-89.45 against the US dollar.
Data showed that foreign banks have transmitted 107 bps of rate cut on fresh deposit and 100 bps on outstanding deposit. On the other hand, state-owned banks have seen a transmission of 101 bps and private banks of 93 bps on fresh deposit, and 33 bps for PSU banks and 34 bps for private banks on outstanding deposits.
Flaws were detected by the RBI on how Axis Bank, ICICI Bank and HDFC Bank treated their agriculture loans as priority sector loans in the annual supervision for FY25, necessitating the banks to make higher provisions.
The Indian economy has demonstrated marked resilience amidst global uncertainties, with real GDP growth estimated at 7.4 percent in 2025-26, up from 6.5 percent a year ago, RBI said in a bulletin.
With MFI credit showing early signs of revival, insurers expect credit-linked protection to regain momentum, even as they remain wary of past risks
With the current fall, the domestic currency turned out to be the second worst performing currency among Asian peers with a fall of 1.98 percent so far in 2026.
In May 2025, the central bank paid a record Rs 2.69 lakh crore dividend to the government, reflecting higher income from foreign exchange operations amid global market volatility.
While long-term policy retention remains healthy, brokerages cautioned that deterioration in recent cohorts could become a key monitorable for the sector over the coming quarters
Since February, 2025, the MPC has reduced the repo rate by 125 bps to aid growth, with a 25 bps cut each in February and April, 50 bps in June, and 25 bps in December. However, the RBI has kept repo rate unchanged in August and October monetary policy.
The domestic currency opened a tad weaker on January 20 but declined rapidly to 91.0650 against the dollar. This level was touched nearly after a month
Wonder Home Finance achieved a 70% CAGR over the past five years, with assets under management exceeding Rs 3,000 crore
The expected foreign capital infusion from Emirates NBD is critical for RBL Bank’s next leg of growth to come true.
Premiums accounted for just 3.7 percent of GDP in FY24, compared with 11.8 percent in the UK and 12.1 percent in the US, indicating significant headroom for expansion in the Indian market
We have consistently guided that NIMs plus fees will remain in the 10-10.5 percent range. Depending on interest rate and cost pressures, it may move within that band, but we don’t expect it to fall below 10 percent in the medium term, Roy said.
PNB Q3 results: On a sequential basis, net profit rose 4 percent.
The bank has cut back on short-term corporate lending Retail, MSME and gold loans now form a larger share of the book, Seshadri tells Moneycontrol in an interview
Estimates for green bond issuance, which is unlikely to see an increase, range from Rs 20,000-25,000 crore, or around 5 percent of total borrowing, a Monyecontrol poll has found
Loan growth was healthy and margin inched up slightly
ICICI Bank described the provisioning as a one-time regulatory adjustment, stating that it does not expect further provisions on this portfolio beyond Q3 FY26
The decision was taken by the bank’s board at its meeting held on January 17, and is subject to regulatory and shareholder approvals, according to an exchange filing
RBI launches Integrated Ombudsman Scheme 2026, effective July 1, 2026, simplifying complaint resolution for customers, covering banks, NBFCs, and financial entities.
Responding to another query by Moneycontrol on the market speculation around Federal Bank being among the bidders for select Deutsche Bank India retail and wealth portfolios, Manian said it continues to evaluate inorganic opportunities but has no immediate transactions under consideration
