Cautious on gold loans despite huge demand as prices soar, South Indian Bank CEO Seshadri
Higher gold prices mean customers can borrow more against their ornaments, driving demand but the sharp price movement also raises risk, the CEO tells Moneycontrol
IndusInd Bank clarifies Rs 255-crore accounting lapse already disclosed
Moneycontrol on October 16 has reported that 'a certain entry amounting to Rs 250 crore requires attention'. Sources said that these entries may pertain to 2016, a year after the treasury derivatives desk was started.
OPINION | Vault matters: Who's to be blamed for steep healthcare cost inflation?
Healthcare costs have inflated in double digits post-pandemic, showing no sign of easing. Meanwhile, private equity and venture capital investments in India’s hospital landscape have touched around $15 billion since FY20. Is the changing capital structure of the healthcare business resulting in higher costs?
Probe so far not pointing at fund siphoning at IndusInd Bank: EOW Sources
The sources cited add that EOW will question Siddharth Banerjee, head of global market and financial institutions group, in the coming days. A few employees who were part of the former DMD's team may also be called for questioning.
OPINION | Does the rise of non-bank funding represent financial disintermediation or liquidity shuffling?
On paper, non-bank sources have offset the fall in bank funding to commercial sector. But trace the source of funds and we go back in many cases to banks, who continue to play an outsized role. India still lacks enough diversity in sources of funding
Axis Bank says RBI caution circular an old legal matter, corrective action taken
CEO Amitabh Chaudhry says the bank is engaging with the regulator to provide all necessary clarifications
Rupee gains for second day, up 25 paise against dollar at 87.82
Trump's claim of India committing to stop buying Russian oil, easing dollar index and strong Asian currencies give support to the rupee
Axis Bank Q2 FY26 – A good quarter excluding the one-off
Business growth gained momentum, interest margin did better than expectations
RBI MPC Minutes: High frequency data show economic growth likely to stay strong in Q2, says Governor Malhotra
Avoided rate cut in Oct as it will not have desirable impact, says Sanjay Malhotra
HDFC Life’s Q2FY26 net profit rises 3% to Rs 448 crore; total premium up 15% YoY
Individual Annualized Premium Equivalent (APE) stood at Rs 6,471 crore, marking a 10 percent rise from Rs 5,864 crore last year
RBI’s gold reserves rose more than $19 billion this fiscal amid Trump tariffs, Fed rate cut bets and global turmoil
Since the beginning of the year, global uncertainties have increased, starting with tariff imposition by the US, India-Pakistan tensions, and the Iran-Israel unrest which led to a strong US military action.
RBI's ECL norms to reduce Tangible Common Equity for banks by 50-80 bps, says Moody’s
Expected Credit Loss (ECL) framework of provisioning for bad loans, with prudential floors, is proposed to kick in from April 1, 2027, the Reserve Bank of India (RBI) Governor Sanjay Malhotra said on October 1, during the monetary policy announcement.
SBI to raise Rs 7,500 crore through Basel-III Tier-II bonds
On July 16, the board of SBI approved raising up to Rs 20,000 crore through bonds in FY26
Rupee opens 52 paise up as dollar eases on renewed hopes of US Fed rate cuts
The dollar index, which measures the greenback's against a basket of six major currencies, fell to 98.883 in the morning from the previous close of 99.047
Bank of Maharashtra pegging quarterly ECL provision at Rs 100-125 crore, says CEO Nidhu Saxena
On January 24, 2025, Moneycontrol citing sources reported that bank is expected to do additional provisions of Rs 125-150 crore every quarter.
Why treasury income of banks is expected to fall in Q2? Here are three reasons
Whenever, the bond yields rise, prices fall due to inversely proportional relationship between both. This leads to lower mark-to-market gains on the investment of banks in these securities.
RBL Bank denies report claiming Emirates NBD looking to buy Rs 15,000-crore majority stake in private lender
RBL Bank share price: The shares of the Indian private lender erased most of its early gains to close around 1% higher after the clarification was issued.
Bank of Maharashtra Q2 profit rises 23 percent to Rs 1,633 crore, NII up over 15 percent, sharp selloff in shares
Net Interest Income (NII) grew by 15.71 percent year-on-year to Rs 3,248 crore in Q2FY26 as against Rs 2,807 crore for Q2FY25.
NBFC Q2 earnings preview| PAT to grow 8-28% YoY on stable margins, improving asset quality
Brokerage firms expect asset quality of most NBFCs to remain broadly stable amid better customer selection, stricter credit underwriting, and improved collection efforts.
Piramal, KKR seek exit from Shriram General Life Insurance: Sources
Both investors are said to have initiated the exit process and are mulling various options including a listing for the company or a secondary sale.
HSBC launches digital merchant services in India to simplify e-commerce payments
The service supports card transactions, including Mastercard, Visa, and RuPay, along with Unified Payments Interface (UPI), net banking, and other payment methods, which will be rolled out in a phased manner
Banks Q2 preview: PAT likely to fall 7-8% amid lower treasury gains, decline in NIMs
Emkay Global Financial Services expect HDFC Bank, ICICI Bank, Indian Bank and RBL Bank to be outliers, with Axis Bank, Federal Bank, Bandhan Bank, Canara Bank and Union Bank of India reporting softer quarter due to weak margins and elevated credit costs
Truhome Finance awaits rating upgrade after doubling AUM to Rs 20,000 crore
Warburg is expected to provide additional growth capital as Truhome scales up further
Rupee opens 7 paise down against dollar at 88.76 tracking weakness in Asian currencies
Trade tension between the US and China resurfaced after United States President Donald Trump threatened '100 percent tariff' on all Chinese goods beginning November 1
