BANKING

Last year, the finance ministry had issued a draft notification seeking to replace the existing limit of 74% foreign investment "as stipulated by the Insurance Act, 1938" and sought public comments.

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BANKING

The Finance Ministry met with debt recovery tribunal officials and bank representatives. Discussions focused on improving bank oversight and debt recovery. The aim is to speed up case disposal and increase recoveries. Reforms to existing laws were considered. Training for tribunal staff and bank officers was also on the agenda. Best practices from high-performing tribunals will be adopted.

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BANKING

Government is promoting collaboration among state-run banks. Select digital initiatives from Canara Bank, Bank of Maharashtra, and State Bank of India are being identified for wider adoption. These include geospatial analytics for business development, digital co-lending systems, and comprehensive digital transformation frameworks. Banks will evaluate and adapt these proven solutions to their specific needs.

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BANKING

Non-banking financial companies saw their balance sheets expand significantly in FY25, fueled by robust loan growth. While overall asset quality improved, the microfinance sector experienced a sharp rise in bad loans. Profitability for upper-layer NBFCs increased, though overall profits saw a slight dip. Key indicators like capital adequacy remained strong.

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BANKING

Indian banks saw a slight decrease in their market share by March 2025. Foreign banks and smaller lenders gained ground. Bad loans reached a multi-decade low. However, fraud amounts rose significantly due to reclassification. State-run and private banks' shares edged down. Loan growth was strong for state-run banks. Net profits increased, but at a slower pace.

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BANKING

RBI data reveals a shift in banking employment. Private sector banks reduced their workforce in FY25. Conversely, government-owned banks and small finance banks expanded their staff numbers. This growth, particularly from small finance banks, drove the overall increase in banking system employees. Major lenders like SBI added staff, while ICICI Bank saw a significant reduction.

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BANKING

Medi Assist Healthcare Services' step-down subsidiary, Paramount Health Services & Insurance TPA, will merge with group entity Medi Assist Insurance TPA. This cash-free merger aims to integrate operations, enhance access to assets, and create synergies for future growth. The consolidation is expected to reduce overheads and boost financial strength.

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