BANKING

Kotak Mahindra Bank has announced the appointment of Paritosh Kashyap as Executive Director, effective November 1, succeeding Shanti Ekambaram, who will retire in 2025. Kashyap, a veteran with three decades at Kotak, currently heads the wholesale banking group. His appointment, subject to RBI approval, reflects the bank's strategic leadership transition, acknowledging Ekambaram's significant contributions over 34 years.

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BANKING

The Reserve Bank of India is contemplating interest rate regulations for NBFCs, similar to those for banks, to improve transparency and monetary policy transmission. The RBI aims to ensure borrowers benefit from benchmark rate adjustments by moving away from outdated prime lending rate models. Additionally, the central bank plans to enhance supervision and review fair interest rate practices for NBFCs.

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Deutsche Bank orchestrated a significant $3.35 billion private credit deal for the Shapoorji Pallonji Group, securing funds from global investors like BlackRock and Morgan Stanley. The three-year nonconvertible debentures, backed by a portion of SP Group's Tata Sons stake, offer a 19.75% yield.

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The finance ministry has suggested the RBI to exempt small borrowers seeking loans below Rs 2 lakh from its draft directions on gold collateral lending, aiming for quicker disbursal. They also proposed implementing the rules from January 1, 2026, citing the need for field-level adjustments. This came after reviewing the RBI's draft guidelines and considering stakeholder concerns.

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RBI's annual report released on Thursday shows that transmission of policy rate to end borrowers is the lowest by non-banking finance companies (NBFCs) as compared with banks and an attempt to link finance companies' lending rates to policy rates was "not found feasible at this juncture."

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BANKING

The Finance Ministry suggests changes to the Reserve Bank of India's gold loan rules. These revisions include delaying the implementation. The ministry wants to protect small borrowers. Loans under Rs 2 lakh may get an exemption. The ministry also proposes a later start date of January 1, 2026. The RBI is now reviewing all feedback before finalizing the guidelines.

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BANKING

Reserve Bank of India will soon release norms to stop mis-selling. This will protect consumers from misleading sales tactics. In FY25, the RBI received many complaints about loans and digital banking. The RBI is also creating a system to check how well banks protect customers. They are working to educate people and improve complaint handling with AI.

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The Institute of Chartered Accountants of India (ICAI) will review private lender IndusInd Bank’s financial statements for the financial years 2023–24 and 2024–25 in the wake of recent fraud allegations, reported PTI citing ICAI President Charanjot Singh Nandal on Thursday.

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BANKING

Irdai is pushing insurance companies to broaden their reach. The focus is on covering more individuals. A ₹300 crore awareness campaign is planned. It aims to promote insurance adoption. Deepak Sood highlighted the evolving nature of risks. Tapan Singhel noted India's vulnerability due to low insurance penetration. General insurance has a low grievance ratio compared to other sectors.

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BANKING

Indian banking profits soared to a record high in FY25, driven by public sector lenders' strong performance. PSBs witnessed a 26% profit surge, narrowing the gap with private banks' 7% growth. Improved asset quality, aided by regulatory measures and bankruptcy code, contributed to the sector's impressive earnings, despite concerns about unsecured loans and microfinance stress.

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Axis Max Life Insurance announced that MD and CEO Prashant Tripathy will retire, effective September 30, 2025, to pursue personal interests. Tripathy has been with the company since 2007 and has served as MD & CEO for the past six years.

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BANKING

Indel Money, a gold-loan NBFC, reports strong growth. Assets under management increased by 52%. The company's AUM reached Rs 2,400 crore. Profit also rose by 10% to Rs 61 crore. NPA levels improved significantly. The company plans to expand further. It aims for Rs 10,000 crore in disbursements in FY26. The NBFC also expects AUM to reach Rs 4,000 crore.

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BANKING

India's life insurance market is projected to surge at 10.5% annually over the next decade, significantly outpacing the global average. This growth is fueled by a robust economy and supportive government policies. The Indian market is poised to become the second largest in Asia, surpassing Japan, driven by reforms and increased foreign investment.

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BANKING

Irdai is worried about some life insurers. These insurers are allegedly changing actuarial assumptions. This is to keep solvency ratios above the minimum. Irdai has warned CEOs and actuaries. The regulator is pushing for tighter oversight. Risk-based inspections have begun. These inspections will assess if assumptions align with past data.

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BANKING

Sanlam, a major asset manager, has entered the Indian market by investing Rs 105 crore for a 23% stake in Shriram Asset Management Company (AMC). This investment makes Sanlam a co-promoter alongside Shriram Credit Company. The capital infusion will be used to expand Shriram AMC's offerings and attract talent.

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The Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs must now make full provisions on these loans, diminishing their appeal for new business.

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The Reserve Bank of India is considering allowing banks to offer term deposits with tenures shorter than seven days, seeking feedback from banks amidst concerns over slowing deposit growth. While some banks see this as a way to boost liquidity and attract deposits, others worry about potential asset-liability mismatches and limited lending opportunities for such short-term funds.

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BANKING

National Financial Reporting Authority received a complaint against IndusInd Bank. The complaint is about accounting issues in forex derivative portfolio. Reserve Bank of India is providing inputs to NFRA. Securities and Exchange Board of India and Institute of Chartered Accountants of India are also reviewing the bank's books. IndusInd Bank reported losses due to these discrepancies.

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BANKING

Citigroup has appointed Prashant Thakker as Head of the Asia South Corporate Bank, effective immediately, according to an internal memo. He will oversee strategy, financial performance, talent, and execution across nine markets: India, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Bangladesh, and Sri Lanka.

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Reliance Infrastructure Ltd, led by Anil Ambani, has achieved debt-free status on a standalone basis by FY25, eliminating bank and financial institution loans. The company reported a consolidated profit of Rs 4,387 crore in Q4 FY25, with adjusted EBITDA soaring by 681%. Operational improvements include reduced transmission losses in Delhi and increased ridership on Mumbai Metro Line 1.

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The Indian retail credit industry remains far from saturation due to several factors. The country continues to add many working-age citizens, particularly millennials and Gen Z, who have better incomes and changing spending habits. Increased global integration and upward social mobility have significantly influenced consumer behaviour, creating new demand for credit, says Indian Bank managing director Binod Kumar.

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The RBI's draft allows pooling and securitising stressed retail and corporate loans, barring categories like farm loans, education loans, fraud, and wilful defaults. Investors must not be related to borrowers or disqualified under IBC norms.

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Punjab National Bank aims for a substantial Rs 16,000 crore recovery in the current fiscal year, striving to maintain slippages below 1%. The bank will focus on technical write-off accounts, targeting Rs 6,000 crore in recovery from this segment. PNB also plans to expand its RAM sector lending to 58% of its loan book to offset interest rate reduction impacts.

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BANKING

IIFL Finance has secured regulatory approvals to open branches and extend credit services in Jammu & Kashmir, aiming to provide crucial financial access to underserved communities. This initiative supports the revival of small businesses and households, complementing IIFL's existing CSR activities in the region focused on education, healthcare, and community empowerment.

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Fusion Finance reported a net loss of Rs 165 crore for Q4 FY25, marking its fourth consecutive quarterly loss due to severe asset quality stress. Increased provisions for bad loans, totaling Rs 255 crore, significantly impacted profitability. The company is seeking extensions from lenders after breaching financial covenants on borrowings of Rs 4,763 crore.

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The Central government formed a Payments Regulatory Board. This action may decrease the Reserve Bank of India's power. The government will appoint some members to the PRB. Previously, the RBI opposed an independent body. Experts suggest the new board could speed up payment innovation. The digital payments ecosystem was earlier managed by RBI's DPSS. Now, PRB will take over.

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Reserve Bank of India plans to simplify claiming unclaimed deposits. New rules allow KYC updates via video calls and business correspondents. This helps reactivate dormant accounts, especially in rural areas. The move aims to ease reclaiming funds from accounts inactive for over 10 years. Users can check the UDGAM portal and soon update KYC remotely.

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BANKING

The Reserve Bank of India has levied a penalty of Rs 63.6 lakh on Union Bank of India for non-compliance with the Banking Regulation Act and directions related to collateral-free agricultural loans. Additionally, Transactree Technologies (Lendbox) faces a Rs 40 lakh penalty for violating norms outlined in the Peer-to-Peer Lending Platform Directions, 2017.

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BANKING

NRI deposits in Indian banks surged to an 11-year high in FY25, reaching $16.2 billion, driven by attractive interest rates and rupee depreciation. Dollar deposits (FCNR(B)) saw significant inflows, with NRIs earning higher returns compared to their home countries. Rupee deposits (NRE(RA)) also increased, reflecting the benefits of currency fluctuations.

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BANKING

Commercial credit supply experienced an 11% year-on-year decline in the March quarter due to asset quality concerns and external headwinds, despite an 11% growth in loan enquiries. The overall commercial credit supply growth was restricted to 3%. Portfolio outstanding reached Rs 35.2 lakh crore, with stress declining to a five-year low of 1.79%.

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IndusInd Bank faces significant challenges after reporting a substantial net loss due to accounting irregularities and senior management involvement. Brokerages predict muted financials and an uphill task for the new CEO to restore investor confidence. The bank's future performance is uncertain, with potential for earnings downgrades and a focus on balance sheet stability over growth.

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BANKING

Markets regulator Sebi is investigating potential serious violations by senior management at IndusInd Bank, which is grappling with accounting fraud. While the RBI addresses broader issues, Sebi focuses on securities market breaches by bank officials. IndusInd Bank's board suspects employee involvement in the fraud, prompting internal audits, forensics probes, and reports to investigative agencies.

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BANKING

Indian lenders are advocating for the Reserve Bank of India (RBI) to reinstate overnight liquidity management operations and ease cash reserve requirements. Banks are seeking a shift from the current 14-day variable repo to fixed-rate overnight instruments and a reduction in the daily maintenance of the cash reserve ratio.

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BANKING

InsuranceDekho and RenewBuy have merged through a share swap. The deal values the combined entity at ₹7,400 crore. Ankit Agrawal of InsuranceDekho will likely become the CEO. RenewBuy's investors will receive shares in InsuranceDekho. The merged company will be among India's top three insurance distributors. Their combined premium book will be ₹6,000 crore. The deal awaits regulatory approvals.

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BANKING

To combat fraud and enhance customer experience, Indian banks are advocating for individual national calling numbers within the '1600xx' series, enabling incoming calls. Banks have approached the government and RBI for approval, seeking clarity on usage and exemptions for debt servicing calls. This move aims to streamline communication and improve security for banking customers.

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BANKING

Shriram Life Insurance Company Ltd. experienced substantial growth in the financial year 2025, with a 20.2% surge in total premium to Rs 4,216 crore. The company's Assets Under Management also increased significantly to Rs 13,207 crore. Individual new business APE witnessed a remarkable 45.3% growth, outpacing the industry average, demonstrating the company's strong performance and commitment to expanding its reach.

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BANKING

IDFC First Bank's shareholders have rejected a special resolution to appoint a nominee director from Warburg Pincus due to concerns over the absence of a minimum shareholding threshold. Despite this, Warburg Pincus and ADIA are still set to infuse ₹7,500 crore into the bank through a preferential equity issue.

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BANKING

IDFC First Bank's shareholders have rejected a proposal that would have allowed Warburg Pincus' arm, Currant Sea Investments BV, to nominate a non-executive director on the bank's board, failing to secure the required 75% majority. While institutional investors largely opposed the resolution, retail investors overwhelmingly supported it.

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BANKING

Shapoorji Pallonji Group seeks a three-year extension from the RBI for its Sterling Investment Corp to meet stricter capital adequacy norms after being reclassified as a mid-layer NBFC. This request is linked to a recent ₹28,500 crore fundraising backed by Sterling's Tata Sons stake.

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BANKING

Internationally, we are present in 15 countries - US, UK, France, Belgium, Singapore, Japan, New Zealand and Africa, and so on. The GDP in these countries is much less compared with India. When India's GDP is growing at a faster pace, my domestic book will always grow faster, says Rajneesh Karnatak, managing director and chief executive of Bank of India.

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BANKING

CRIF is offering integrated credit information services to help MSMEs access formal credit, addressing the Rs 30 lakh crore credit gap. By combining consumer and commercial credit data with its credit score and CIBR, CRIF enables lenders to better assess risk. The government is also supporting MSMEs with a new credit assessment model based on digital footprints.

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In the absence of banks, which focus on loans of Rs 15-20 lakh, NBFCs are finding growth opportunities in the high yielding micro-LAP (loan-against property), which are sub-Rs 10 lakh loans. Industry executives said that there are growth opportunities given that the MSME sector remains starved for credit.

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BANKING

State Bank of India has reduced its deposit rates by 20 basis points across all maturity periods, including the special 444-day scheme, effective Friday. The 444-day scheme now offers 6.85% annually, down from 7.05%. This is SBI's second deposit rate cut following the Reserve Bank of India's easing of interest rates in February.

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BANKING

Yes Bank anticipates Sumitomo Mitsui Banking Corp (SMBC) to maintain at least a 20% stake, with regulatory factors potentially limiting further increases. SMBC's 20% acquisition marks a significant cross-border deal in India's financial sector. The deal awaits regulatory approvals, and is expected to positively impact Yes Bank's credit rating and lending opportunities.

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BANKING

HSBC's group chief executive, Georges Elhedery, expressed strong optimism about India's growth potential, highlighting its unique position as a massive opportunity. HSBC plans to expand its retail banking operations in India, diverging from its competitors. The bank aims to increase its market share by leveraging its comprehensive services and global network, further investing in both corporate and premier banking sectors.

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BANKING

IndusInd Bank addressed a whistleblower complaint regarding discrepancies in its financial records. The bank revealed that ₹595 crore in "other assets" were offset against "other liabilities" in January 2025. Additionally, ₹674 crore was incorrectly recorded as interest in the microfinance loan book over three quarters, later reversed.

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BANKING

SBI Card has collaborated with Apollo HealthCo to introduce Apollo SBI Card SELECT. This co-branded credit card focuses on health and wellness. Cardholders will enjoy shopping benefits on Apollo 24*7 app and Apollo Pharmacy stores. Purchases like medicines and health check-ups will be rewarding. Customers will receive a welcome e-gift voucher worth Rs 1,500.

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BANKING

IndusInd Bank is facing scrutiny over past accounting reversals flagged in a whistleblower letter to the RBI and the board. The letter also highlighted a discrepancy in interest income from the microfinance portfolio and an inappropriate relationship between a senior executive and an employee. These issues led to internal and forensic audits, executive resignations, and a significant financial provision.

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BANKING

FICCI has appealed to the RBI to maintain the current co-lending rules, which allow NBFCs to originate loans and then sell a significant portion to banks. They argue that the proposed shift to a joint lending model, requiring simultaneous disbursal, would disrupt credit access and force NBFCs to reduce operations, potentially leading to job losses.

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BANKING

Reserve Bank of India wants to safeguard depositors' interests. It has asked banks for suggestions. The suggestions are about adding nominee contact details to bank forms. This includes email and phone numbers. The move aims to reduce unclaimed deposits. A new banking bill allows up to four nominees. The government will also give its view.

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BANKING

Apollo 24|7 is venturing into insurance with 'Apollo 24|7 Insurance Services,' a fully owned subsidiary, after securing regulatory approval as a corporate agent. The company plans to distribute Health, Life, and General Insurance products, targeting Rs 80 crore in revenue in the first year. Additionally, Apollo 24|7 will launch a health-first credit card and expand its 19-minute medicine delivery service.

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BANKING

Axis Max Life Insurance is preparing for a potential direct listing following the anticipated passage of the Insurance Amendment Bill. Managing Director and CEO Prashant Tripathy said the company is aligned with regulators and stakeholders on this move and will act immediately post the monsoon session.

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BANKING

India's life insurance sector experienced an 8.43% surge in new business premiums in April 2025, reaching ₹21,965 crore, fueled primarily by LIC's strong performance. Private insurers collectively grew by 6%, with HDFC Life leading among listed players with a significant 23.37% premium jump. Industry experts anticipate traditional savings products will gain traction amid softening interest rates and volatile equity markets.

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BANKING

India's bankruptcy code faces new challenges. A court ruling threatens to reverse completed resolutions. Lenders may have to return funds received from distressed asset sales. This decision creates uncertainty for investors. It also undermines the effectiveness of the insolvency process. The government must address these issues to restore confidence. Reforms are needed to ensure fair and predictable outcomes.

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BANKING

State-owned banks saw a 26% profit surge in FY25. However, net interest margins may face pressure this fiscal year. Banks like State Bank of India, Canara Bank, and Punjab National Bank anticipate lower margins. Geopolitical factors and potential US tariffs contribute to uncertainty. Credit growth forecasts are also tempered. Overall bank credit is expected to grow.

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BANKING

To combat financial fraud, the government is collaborating with banks to develop a real-time due diligence process for identifying 'mule' accounts. The Central Economic Intelligence Bureau suggests banks access mobile number data for risk assessment, balancing security with ease of account opening. Banks propose holistic customer profiling and verifying SIM card registration details to enhance fraud detection.

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BANKING

The Mumbai bench of the NCLT has admitted L&T Finance's insolvency plea against Tikona Infinet over a ₹116.01 crore default on coupon payments for convertible debentures. The tribunal appointed an interim resolution professional, clarifying that CCDs can be considered financial debt if coupon payments are obligatory, irrespective of their classification as equity instruments.

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BANKING

IndusInd Bank faces scrutiny as auditors demand clarity on its derivative accounting discrepancy, potentially classifying it as fraud. The issue, involving losses near ₹2,000 crore, stems from differing accounting treatments in internal and external forex transactions. The bank's board must decide on the 'fraud' designation, impacting regulatory reporting and potentially setting an industry precedent.

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BANKING

Punjab National Bank is prioritizing operating profit and reducing NPAs to boost performance. PNB aims to enhance fee income and recover bad loans, targeting top position in operating and net profit. The bank is revamping CASA products with specialized schemes to attract new customers and increase deposits.

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BANKING

Canara Bank, facing deposit growth challenges, mobilized ₹16,700 crore in ten weeks by engaging its 82,000 employees. Each staff member was tasked with gathering deposits from their network, contributing to a reduction in the credit deposit ratio from 76% to 73%. This initiative also decreased the bank's reliance on bulk deposits and strengthened customer connections.

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BANKING

The Insolvency and Bankruptcy Code (IBC) has improved credit discipline, leading to the settlement of numerous cases before admission. Corporate insolvency resolution processes have resulted in substantial recoveries for creditors. Experts suggest refining the IBC further by focusing on timely liquidations and effective handling of fraudulent transactions, noting its positive impact on FDI inflows.

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BANKING

Sumitomo Mitsui Banking Corporation of Japan has signed a deal to buy a 20% stake in Yes Bank. The deal is worth ₹13,483 crore. State Bank of India and seven private banks are selling their shares. The transaction awaits regulatory approvals. This investment marks a significant step for Yes Bank's growth.

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BANKING

Tensions between India and Pakistan pose significant risks for insurers and reinsurers across various sectors, including sports, aviation, and marine. The potential cancellation of the IPL 2025 due to geopolitical instability could trigger substantial claims. Reinsurers are closely monitoring the situation, with possible increases in war risk premiums and policy cancellations looming, particularly in high-risk zones.

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BANKING

Amidst the ongoing tensions with Pakistan, Finance Minister Nirmala Sitharaman has directed banks and financial institutions to maintain uninterrupted services nationwide, especially in border regions. She emphasized seamless cash availability, functional digital banking, and timely insurance claim settlements. Banks are also instructed to enhance cybersecurity, conduct audits, and coordinate with agencies like RBI and CERT-In.

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BANKING

Moody's downgraded IndusInd Bank's baseline credit assessment due to concerns about management oversight and strategic uncertainty following leadership resignations. The outlook was revised to negative, reflecting potential solvency and funding impacts. While long-term ratings were affirmed, the downgrade highlights weaknesses in internal controls and governance risks, impacting the bank's standalone credit strength amid rising non-performing loans.

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A hacker known as xenZen, who previously leaked Star Health's customer data, has claimed responsibility for sending death threats and bullets to the insurer's CEO and CFO. The threats stemmed from alleged denials of medical claims to customers, prompting police investigation and arrest of an individual involved in couriering the packages.

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BANKING

State Bank of India and Yes Bank boards are convening Friday to finalize the sale of stakes to Sumitomo Mitsui Banking Corp. SMBC will acquire a 20% stake initially, potentially increasing to a majority, with SBI retaining a 10% share. The deal, subject to regulatory approval, could be India's largest bank M&A, with SMBC possibly gaining two board seats.

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BANKING

Generali Group plans to inject capital into its Indian venture to expand operations, anticipating the increase in foreign direct investment in the insurance sector to 100%. While the specifics of the infusion are pending shareholder agreement finalization, Generali intends to maintain a 74% equity stake and collaborate with Central Bank, its new partner after the Future Group's insolvency proceedings.

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BANKING

The RBI mandates that banks and regulated entities must submit details of their Digital Lending Apps (DLAs) through the Centralised Information Management System (CIMS) portal. This initiative aims to consolidate regulatory instructions and streamline digital lending processes. The CIMS portal will be accessible by May 13, 2025, with an initial data upload deadline of June 15, 2025.

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BANKING

Muthoot Microfin faced a significant setback, reporting a net loss of Rs 401 crore in the fourth quarter due to a surge in provisions for bad loans and breaches in borrowing covenants. The asset quality crisis led to a full-year net loss of Rs 223 crore, contrasting with the previous year's profit.

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BANKING

Crisil Ratings has placed IndusInd Bank's long-term debt instruments under rating watch with negative implications, following key managerial resignations and a review of its microfinance business. Concerns over internal financial controls and the impact on profitability are being closely monitored. The agency awaits clarity on the MFI discrepancies and their potential impact on the bank's operations.

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BANKING

Non-bank lenders in Mumbai plan to address the Reserve Bank of India regarding proposed co-lending rule changes. The new model suggests joint loan disbursement, replacing the current assignment practice. NBFCs worry about increased risk and liquidity strain due to longer loan holding periods. Banks are also concerned about dual default reporting affecting borrower trust.

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A Manimekhalai, the MD & CEO of Union Bank of India, faces denial of extension. Allegations of misgovernance are the reason. A controversial book purchase played a key role. The bank bought many copies of Krishnamurthy V Subramanian's book without board approval. This deal and subsequent board objections impacted her extension bid. She will complete her term on June 30.

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BANKING

Mitsubishi UFJ Financial Group is in advanced discussions to acquire a minority stake, up to 19%, in HDFC Bank's non-banking financial arm, HDB Financial Services, for approximately ₹12,000 crore. This potential deal, the second attempt by both parties, aims to address investor concerns regarding RBI regulations impacting NBFCs and HDB's financial performance.

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BANKING

RBI's proposed gold loan rules may curb the growth of gold finance companies by requiring them to adjust lending practices. Crisil Ratings suggests the draft aims to standardize regulations and address lending disparities. The new LTV computation rules could force NBFCs to recalibrate disbursement values, impacting their growth, despite gold loans being the fastest-growing consumer credit segment in FY25.

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BANKING

Union Bank of India is under scrutiny for purchasing nearly two lakh copies of Krishnamurthy V Subramanian's book, 'India@100,' for ₹7.25 crore. The expenditure faced internal opposition, leading to a general manager's suspension and an investigation by KPMG. Employee unions are demanding further inquiry into potential impropriety and wasteful spending, questioning the benefits achieved and procedures followed.

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BANKING

Sumitomo Mitsui Banking Corp (SMBC) is in advanced discussions to acquire a significant stake in Yes Bank, potentially triggering an open offer for an additional 26%. SBI, currently holding a 24% stake, seeks a new owner after Yes Bank's turnaround.

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BANKING

Bank of Baroda has decreased its home loan interest rates. The reduction is 40 basis points for new borrowers. The new rate starts at 8.00% per annum. Indian Bank also announced a rate cut on home and vehicle loans. These changes follow the Reserve Bank of India's policy rate cut in April.

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BANKING

The net interest margins (NIMs) of microfinance institutions (MFIs) are expected to shrink in the financial year 2025 ended in march, due to emerging challenges in asset quality and declining yields, according to a recent report by Mavenark Advisors.

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BANKING

A new report suggests Non-Banking Financial Companies are expanding faster than India's economy. These companies are crucial in retail and rural lending. Their assets have significantly increased over the years. NBFCs focus on retail borrowers, unlike banks which prioritize wholesale lending. They are key to financial inclusion, serving unbanked populations.

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BANKING

Kotak Mahindra Bank is reassessing its microfinance strategy due to the limitations of the JLG model, anticipating continued stress in the sector for a few more quarters. Despite headwinds in the past fiscal year, the bank remains optimistic about growth, while also acknowledging potential challenges from global trade tensions and geopolitical uncertainties.

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BANKING

State Bank of India aims for over 1% return on assets this financial year. Chairman C S Setty anticipates repo rate cuts impacting net interest margin. The bank plans to align deposit rates with repo rate reductions. SBI's RoA improved to 1.10% in FY25. Gross NPAs declined to 1.82%, and net NPAs eased to 0.47%.

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BANKING

The Reserve Bank of India (RBI) is seeking government approval to eliminate the 30% cap on foreign banks using vostro accounts to purchase short-term sovereign debt. This move aims to boost rupee-denominated investments and trade by making SRVAs more attractive for managing short-term liquidity.

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BANKING

SBFC Finance, which has a market cap of Rs 11,071 crore, has posted a 46% rise in net profit on year to Rs 345 crore in FY25. The finance company specialises in giving secured loans with ticket size of Rs 5 lakh to Rs 30 lakh to small and medium sized companies.

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BANKING

UCO Bank targets a 12-14% credit growth in FY26, emphasizing retail, agriculture, and MSME sectors while selectively pursuing corporate lending. The bank aims to capitalize on India's economic resilience and global supply chain role. Digital transformation and strategic partnerships are key to sustaining growth and improving CASA ratio beyond 40%.

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