BANKING

RXIL, a leading TReDS platform, has facilitated invoice financing exceeding ₹2 lakh crore for MSMEs, significantly improving their working capital cycles. In FY25, the platform enabled ₹80,500 crore in financing, benefiting over 44,000 MSMEs. RXIL aims to expand its corporate base and MSME network, targeting ₹1.25 lakh crore in bill discounting for FY26.

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BANKING

JM Financial has acquired the remaining 2.98% stake in JM Financial Credit Solutions Ltd (JMFCSL) from Moraine Master Fund LP, making it a wholly-owned subsidiary. The transaction, valued at approximately ₹88.97 crore, was completed on July 1st. This acquisition is expected to enhance JM Financial's consolidated profits and improve capital allocation within the group.

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BANKING

Finance Minister Nirmala Sitharaman lauded State Bank of India's digital transformation. She spoke on the bank's 70 years of service. SBI supports farmers, SHGs, and MSMEs. The bank has a large number of Jan Dhan and insurance scheme beneficiaries. SBI plans to solarise 4 million homes by FY27. Chairman C S Setty highlighted SBI's focus on technology and inclusive growth.

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BANKING

Indian banks may face challenges in the first quarter of fiscal year 2026. A report by IIFL Capital predicts weak loan growth and lower margins. Seasonally soft fee income and higher slippages could also impact performance. Overall profit after tax is expected to decline. Loan growth has slowed, except for MSME loans. Net interest margins are also likely to contract.

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BANKING

India's gold loan market has surged from USD 33 billion in FY19 to USD 83 billion in FY24, exhibiting a robust 20 per cent CAGR, driven by increased trust in formal lending channels and regulatory improvements. Digital technology and evolving customer attitudes, particularly among younger generations, are transforming the gold loan process.

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BANKING

Asian Infrastructure Investment Bank has invested in Aditya Birla Capital Limited. The investment is through Non-Convertible Debentures. The amount is Rs 1,301.25 crore. This will support India's renewable energy and e-mobility sectors. It will help India achieve its sustainability goals. The collaboration will also enhance Aditya Birla Capital's environmental and social governance.

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BANKING

IndusInd Bank has proposed Rajiv Anand, Rahul Shukla, and Anup Saha as CEO candidates to the RBI following a $230 million loss due to misaccounting, which led to the resignations of its CEO and deputy. The board has prioritized Anand, currently at Axis Bank, citing his experience. Shares of IndusInd Bank saw a slight increase amidst a year-to-date decline.

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