BANKING

The Reserve Bank of India is proposing significant changes to lending against securities. Individuals can now borrow up to Rs 1 crore against shares and debt mutual funds. The loan to value ratio for loans against shares will increase to 60 percent, and for debt mutual funds to 75 percent.

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BANKING

Insurers are renegotiating terms with distributors. This follows the government's GST exemption for individual life insurance policies. The change has disrupted commission structures and profitability. Large distributors are protecting margins. Smaller intermediaries and agency networks may face challenges. Companies are adjusting operations and engaging with distributors to manage the impact.

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BANKING

The Indian financial market is buzzing with activity, witnessing an impressive wave of transactions worth $8 billion. Foreign banks are stepping up their game, securing major stakes in local lenders. This influx of capital underscores an exciting chapter in India's economic narrative, as leading players broaden their horizons and enhance their market clout.

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BANKING

Federal Bank's Board has approved the sale of a 9.99% stake to a Blackstone affiliate for Rs. 6,196.5 crore through preferential equity shares and warrants. This strategic transaction will see Asia II Topco XIII Pte. Ltd. acquire the stake, with the bank also granting Blackstone the right to nominate a director upon warrant exercise.

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BANKING

Banking system liquidity turned negative for the first time in a month, primarily due to Reserve Bank of India's foreign exchange intervention in the spot market. Currency leakage during the festive season also contributed to the deficit, leading to a gap of ₹52,299.7 crore as of October 22.

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BANKING

In a remarkable expansion of its wealth management portfolio, Choice International Ltd has made key acquisitions that solidify its position in the investment landscape. The takeover of Fintoo Group's distribution arm injects a notable Rs 300 crore in assets into their operations.

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BANKING

State Bank of India has been honored with two prestigious Global Finance awards: World's Best Consumer Bank 2025 and Best Bank in India 2025. These accolades recognize SBI's commitment to innovation, financial inclusion, and customer excellence, highlighting its technological leadership and extensive service reach across India.

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