Fusion Finance's CEO said the first tranche of rights issue of Rs 400 crore was fully utilised for disbursements, and not for write-offs. The second tranche of the rights issue will be received by December, which too will be utilized for disbursements.
India’s retail inflation eased sharply to 0.25 percent in October, its lowest level in the current series that began in 2013, down from 1.44 percent in September.
Even as factors such as currency in circulation increase, forex interventions and increase in credit demand have been major drivers of a reduction in systemic liquidity. That said, liquidity still remained in the surplus zone -- at around Rs 2.11 lakh crore -- resulting in money market rates staying in the lower end of the curve.
Barclays Bank India CEO Pramod Kumar said he is hopeful that the government will address the adverse tax treatment that foreign banks are subjected to, when they choose to operate as a branch in India.
The life insurance venture could naturally extend into the general insurance space, which the company plans to evaluate once composite licensing is introduced, CEO Shah has said.
Kumar says he is clear that while investment banking may be core to what Barclays does in the country, corporate banking is getting built as a pillar of strength for the bank
The JV’s valuation potential is projected at Rs 18,000–30,000 crore over the next decade, with the venture expected to be accretive to Mahindra Finance’s return on assets
According to Ace Equity data, state-owned lenders have seen a 6-60 bps reduction in NIMs between Q4FY25 and Q2FY26. Similarly, private banks saw a reduction in NIMs of 6-41 bps, and small finance banks by 10-8 bps.
After launching its insurance arm in NCR and Hyderabad, Apollo eyes expansion through digital and call centre-led sales while preparing select in-store rollouts by FY27
Seth also flagged persistent gaps in health insurance claim settlements, calling for greater transparency and fairness from insurers
The omnibus framework contains broad parameters such as objectives, responsibilities, eligibility criteria, governance standards, application process and other basic conditions for grant of recognition, which will be common for any SRO proposed to be recognized by the Reserve Bank.
UBS expects India's nominal GDP growth to decelerate to 8.5 percent in FY26, lowest since FY20 (excluding the pandemic), with space for another 25 bps rate cut by the Reserve Bank (RBI) in FY26, before a pause in FY27.
Across categories, individual single-premium rose 6.44 percent year on year to Rs 3,962 crore, while individual non-single premium increased 4.34 percent to Rs 8,871 crore.
Analysts attribute Yes Bank’s weak earnings and rising retail stress as reasons for negative investor sentiment
Star's aggressive shift towards its retail segment, according to experts, may have hurt Star Health’s ability to capture new market opportunities
Amid the ongoing India-US trade deal negotiations, President Donald Trump on Tuesday said that they are going to "bring down the tariffs" imposed on New Delhi.
NDFs are commonly used by investors to mitigate currency risk in emerging market economies, when the underlying currency is volatile.
Market participants said such operations reflect the RBI’s intent to smooth volatility rather than defend any specific level of the currency, ensuring stability amid periods of excess speculative pressure.
Punjab National Bank, SIDBI, Axis Bank, IDFC First Bank and Bank of India remained top five issuers in October raising around Rs 37,490 crore.
According to economists, the recent easing of inflation cannot be interpreted as a signal of weak demand or an imminent growth slowdown. The drop in inflation is likely due to supply-side improvements and favourable base effect rather than a broad-based economic slowdown.
Digital payment failures: Check account, wait for reversal, file complaint if needed. Verify details, monitor limits, keep records to prevent and resolve issues.
CEO Aggarwal said while the company remains confident about meeting its growth target, it continues to grapple with systemic challenges such as the lack of access to motor insurance data, which has kept penetration levels stagnant at around 50%
On October 1, RBI proposed to provide an enabling framework for banks to finance acquisitions by Indian corporates
Power and ports drove the credit increase to infrastructure sector in September
Microfinance loans are showing reduction in stress but growth isn’t in sight yet.