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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BANKING

States are expected to remain net gainers in fund sharing under the proposed (Viksit Bharat Guarantee for Rozgar and Ajeevika Mission) VB-G RAM G Act, and the framework can be further scaled up by states through their own contribution, according to a report by the State Bank of India (SBI).

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BANKING

Banks are asking the Reserve Bank of India for more time on loan relief for exporters. The current scheme ends this month. Exporters face ongoing challenges from global trade issues. Banks believe the real impact of these issues will be seen next quarter. An extension would offer a crucial safety net for exporters.

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BANKING

Public sector banks and financial institutions must now immediately report vigilance issues concerning their directors. The Finance Ministry issued this directive after instances where crucial adverse information was delayed. This includes private complaints, court observations, and inputs from law enforcement agencies. Such omissions are a serious concern for appointments and postings.

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BANKING

Indian insurance companies are gearing up for significant changes. From April 2026, new rules will link capital requirements to specific risks. A new accounting standard will also alter how insurers recognize revenue and profits. These reforms aim to align India's insurance sector with global practices. Insurers are already assessing impacts and upgrading systems for the upcoming transition.

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BANKING

PNB has sought expressions of interest (EoIs) by January 3, to be followed by a Swiss auction. This marks a rare instance in recent times of a bank offering corporate loan accounts for sale, as lenders have largely been focusing on the disposal of retail and microfinance (MFI) portfolios.

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BANKING

The holiday season presents a cash flow challenge for SMEs due to rising demand and expenses. A well-planned SME business loan can provide the necessary working capital to manage increased orders, cover seasonal costs, and maintain financial stability. This allows businesses to capitalize on festive opportunities and ensure smooth operations.

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BANKING

Small business credit exposure has surged to Rs 46 lakh crore, a 16% increase, with active loan accounts growing by 11.8%. Policy support and government schemes have fueled this momentum, leading to improved portfolio quality and lower risk profiles across segments. Sole proprietors, dominating the credit ecosystem, show steady improvement, particularly those with an entity presence.

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BANKING

Life Insurance Corporation of India has partnered with Sahaj Insurance Services. This collaboration aims to bring LIC's life insurance products to rural and semi-urban India. Sahaj's digital network will help citizens understand and enroll in policies. This initiative will boost insurance awareness and financial inclusion across the nation. More citizens will now have access to essential life insurance protection.

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BANKING

Year ender 2025 special: India's banking sector became a global money magnet in 2025, attracting an estimated $14-15 billion in foreign investment. Major deals by Mitsubishi UFJ and Emirates NBD signaled deep strategic engagement, not just passive participation. This influx, driven by India's robust growth, cleaner balance sheets, and regulatory maturity, promises to reshape the financial landscape, fostering consolidation and innovation.

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BANKING

High-street banks are now demanding testimonials on 'sources of funds' from wealthy Indians, NRIs, and businesses looking to move money abroad. This comes as the rupee's slide against the US dollar tempts individuals to remit funds overseas, with banks insisting on CA validation for these transactions.

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BANKING

Hillhouse Investment Management is vying with Temasek for a stake in Quest Global. The deal is valued at approximately $4.5 billion. This investment is part of Quest Global's pre-IPO fundraising. A decision on the new investor is expected soon. Quest Global is preparing for a potential IPO and may relocate its headquarters to Bengaluru.

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BANKING

Aviom India Housing Finance promoter Kajal Ilmi has submitted a revised settlement offer of ₹554 crore upfront, aiming to repay lenders and withdraw bankruptcy proceedings. This comes after Unity Small Finance Bank emerged as the winning bidder in a challenge auction for the company. The proposal includes an equity infusion and aims to maximize value for stakeholders.

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BANKING

The loan agreement, signed on Monday, was priced 125 basis points above the three-month Secured Overnight Financing Rate (SOFR), said the person.

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BANKING

India's credit card growth is slowing. New card issuances have dropped significantly. Private banks are increasing their market share in credit cards. Meanwhile, public sector banks are gaining ground in personal, home, and auto loans. This shift indicates evolving trends in consumer credit across different banking sectors.

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BANKING

A new insurance law provision raises concerns for directors. It may force many to step down from insurance boards. This impacts bank-promoted ventures where directors also serve lenders. The current wording could lead to confusion and board instability. Insurers seek clarification to avoid disruption. This change aims for better governance but might create unintended consequences for existing structures.

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BANKING

Of the four public sector general insurers, only listed New India Assurance is profitable while National Insurance, United India Insurance and Oriental Insurance remain loss-making despite a marginal turnaround.

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BANKING

Paytm Arab Payments has approved selling a 49 percent stake to Abbar Global Opportunities Holdings Limited. This deal is valued at approximately Rs 19 crore. Abbar Global is a special purpose vehicle owned by Mohamed Ali Rashed Alabbar. This move is part of Paytm's strategy to expand its technology-led merchant payments and financial services.

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BANKING

LIC Housing Finance has lowered its home loan interest rates to 7.15% starting December 22, 2025. This reduction, following the RBI's repo rate cut, aims to boost homebuyer sentiment by making home ownership more accessible. The move reinforces the company's dedication to affordability in the housing market.

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BANKING

State Bank of India chairman CS Setty anticipates corporate investment will resume as consumption stabilizes. The bank projects India's economy to grow over 7.5% in FY27. SBI aims to avoid equity dilution for the next five years and targets becoming the first bank to achieve 1 lakh crore in annual net profit.

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BANKING

Credit card outstandings, despite fewer delinquencies, fell to 4.7% of total retail loans in October 2025, from 5% a year earlier, Reserve Bank of India (RBI) data showed. Growth in outstanding credit card balances within total retail loans slowed sharply to 7.7% in October 2025, from 16.9% a year earlier.

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BANKING

SBI Chairman C S Setty announced the bank will reassess its construction finance policy for residential real estate, emphasising accountability and transparency. For commercial projects, developers need 40-50% tenant commitment to secure loans, aiming to avoid unoccupied buildings. Interest rates will be linked to MCLR, with NBFCs advised to lower operational costs for cheaper housing loans.

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BANKING

IIFL Finance has appointed former RBI Deputy Governor B P Kanungo as its non-executive chairman, leveraging his extensive experience in central banking and financial regulation. The company also disclosed a tax payment of Rs 1.47 crore following a notice under the Income Tax Act, stating no material impact on its operations.

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BANKING

Japan's MUFG Bank is allocating an impressive 39,620 crore to acquire a 20% stake in Shriram Finance. Dubbed the largest foreign direct investment in India's financial sector, this venture is set to fortify Shriram Finance's capital base and turbocharge its growth trajectory.

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BANKING

Piramal Finance is selling its 14.72% stake in Shriram Life Insurance to Sanlam Emerging Markets for ₹600 crore. This move aligns with Piramal's strategy to exit non-core assets and reinvest in its lending business. The transaction is expected to close by March 31, 2026, subject to regulatory approvals.

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BANKING

Mitsubishi UFJ Financial Group is set to invest $4.45 billion for a 20% stake in Shriram Finance, marking the largest FDI in India's financial services sector. This strategic move paves the way for an eventual acquisition, with MUFG aiming to increase its holding and gain majority control over time.

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BANKING

HDFC Bank and Bank of Baroda have collectively secured $1.5 billion in overseas loans, bolstering their liquidity amidst stabilizing interest rates. HDFC Bank raised $1 billion through a three-and-a-half-year loan, while BoB secured $500 million via a five-year pact, with MUFG and HSBC involved in the transactions.

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BANKING

Parliament's amendments to insurance laws aim to boost coverage, enhance policyholder protection, and strengthen regulatory oversight, aligning with India's development goals. The changes, including a Policyholders’ Education and Protection Fund and removal of FDI caps, are expected to deepen insurance penetration and support sector growth.

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BANKING

On the principle of 'One State One RRB', the Department of Financial Services, Ministry of Finance, has consolidated 26 Regional Rural Banks (RRBs) across 11 states/UTs, effective from May 1, 2025.

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BANKING

ICICI Bank has been issued a Goods and Services Tax (GST) demand notice of Rs 238 crore by tax authorities for alleged short payment. The notice includes Rs 216.27 crore in tax and Rs 21.62 crore as penalty. The bank intends to contest the order through legal channels.

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BANKING

Fitch Ratings maintains a 'Neutral' outlook for India's auto loan ABS sector for 2026, anticipating stable asset performance driven by resilient economic growth. Strong domestic demand and improved agricultural output are expected to support loan performance, with delinquency levels projected to remain stable.

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BANKING

In its order, the central government referred to multiple ADT-4 forms filed under Section 143(12) of the Companies Act, 2013 by the bank's statutory auditors. An ADT-4 dated May 12, 2025 flagged accounting discrepancies aggregating about ₹1,959.78 crore for the period from FY2015-16 to FY2023-24.

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BANKING

Mizuho Securities is set to acquire a majority stake in Indian investment bank Avendus from KKR for up to $523.15 million. This move will make Avendus a consolidated subsidiary of the Japanese financial group. The acquisition highlights the increasing presence of Japanese financial institutions in India's rapidly growing economy.

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BANKING

State Bank of India's chairman CS Setty has reshuffled top management portfolios following the arrival of new MD Ravi Ranjan. Ranjan will now oversee risk, compliance, and stressed assets, while Rana Ashutosh Kumar Singh takes charge of international banking, global markets, and technology. The changes aim to streamline operations and leverage expertise across key banking functions.

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BANKING

The scheme would encourage banks to lend to microfinance institutions (MFIs), especially the smaller ones, which are facing liquidity crunch amid limited access to bank funding. An announcement to this end is likely in the 2026 budget, people cited above said. The likely size of the guarantee programme is not known.

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BANKING

If any foreign company operating in India incurs any expenses outside India but that is also related to Indian business, Section 44C allows the deduction for that expense, but it is subject to the restriction provided in the provision. The restriction limits the expense to the tune of 5% of adjusted total income of the Indian business, it said.

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BANKING

Board of the homegrown investment bank is scheduled to meet on Tuesday to okay transaction valuing I-banker at Rs 5,900 crore. KKR looks to make 3.5x rupee return from 9 year old investment.

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BANKING

Bankers said the move will delay margin recovery since they cannot cut deposit rates sharply due to stiff competition from alternative investment avenues such as mutual funds.

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BANKING

The refinancing was anchored by Tata Capital with a commitment of about ₹800 crore, alongside Investec at ₹300 crore. Other lenders and investors in the syndicate include Vivriti Capital (₹200 crore), Hero FinCorp, Hero Corp, DSP, Oxyzo and a clutch of family offices, taking the total deal size to around ₹2,300 crore.

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BANKING

The Reserve Bank of India has directed banks to link MSME loans to an external benchmark with a three-month reset clause to improve monetary policy transmission. Existing borrowers can switch to this regime under mutually agreed terms.

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BANKING

State Bank of India is launching YONO 2.0, a new version of its mobile banking app. The bank aims to double its YONO user base to 20 crore customers within the next two years. This upgrade offers enhanced digital experiences and seamless integration across banking channels. SBI also anticipates strong credit growth driven by its RAM segment.

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BANKING

The Asian Development Bank (ADB) has approved a $108 million results-based loan to support the Government of Mizoram in strengthening its public health care system and achieving universal health coverage.

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BANKING

Agentic AI is revolutionizing frontline banking sales by automating complex workflows and administrative tasks. This technology enables relationship managers to focus on high-value client interactions, leading to significant revenue increases and cost reductions. Banks are adopting agentic AI as a new operating model for enhanced productivity and client engagement.

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BANKING

Indian banks are seeking to increase their merger financing limits. Lenders want to raise the cap to 20% of core capital from 10%. This move aims to help them compete better in a growing deals market. The Reserve Bank of India is considering the proposal. This could allow Indian banks to win more business from global rivals.

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BANKING

Fairfax Financial seems poised to take the lead in acquiring a significant stake in IDBI Bank, with Kotak Mahindra Bank hot on its heels. As financial bids draw near, there’s speculation about a potential deadline extension. Fairfax is leaning towards a full cash offer amidst the government and LIC's plans to offload more than 60% of the bank's shares.

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BANKING

Several mid-sized lenders, including Kotak Mahindra Bank, RBL Bank, and IndusInd Bank, are slowing new credit card issuances due to ongoing sector stress and a focus on cleaning up books. This contrasts with larger banks like HDFC Bank and ICICI Bank, which continue aggressive portfolio expansion.

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BANKING

Kotak Mahindra Bank is expanding its mid-market corporate loan book, targeting companies with ₹500 crore to ₹1,500 crore in turnover. This segment, which has grown over 35% compounded annually since its launch, is expected to see 20-25% growth over the next five years. The bank aims for this mid-market book to reach at least 20% of its total corporate portfolio.

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BANKING

Bank exam rules: The Finance Ministry has revised the recruitment examination and result declaration timelines for public sector banks to streamline processes and enhance transparency. A new sequence will see SBI results announced first, followed by Nationalised Banks, and then Regional Rural Banks, aiming to reduce attrition and improve workforce planning.

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BANKING

JPMorgan Chase is poised to open its fourth branch in India, receiving in-principle approval from the Reserve Bank of India for a new location in Pune. This expansion, the first in nearly a decade, will serve corporate clients with a comprehensive range of financial products.

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BANKING

Savings deposits in rural centres also posted a robust 10% increase, the fastest pace in six quarters. Experts attribute this shift to rising rural incomes while growth in the metro areas appears to be losing momentum as financially savvy investors increasingly divert funds into higher-yielding avenues such as mutual funds and equities.

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BANKING

The Reserve Bank of India is actively engaging with banks to bring consistency to service charge disclosures and eliminate duplicate fees. This initiative, which comes on the heels of state-run banks lifting penalties for not maintaining minimum average balances, seeks to simplify the charges presented to customers.

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BANKING

Mutual fund credit is set to surpass bank credit. Nilesh Shah of Kotak Mahindra AMC predicts this shift. He urges Indians to invest wisely, moving away from unproductive habits. Radhika Gupta of Edelweiss Mutual Fund suggests incentives for early investment. A lock-in period could encourage long-term wealth creation for young investors.

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BANKING

Banks and NBFCs have ramped up legal hires amid regulatory checks, rising deal flows & compliance demands.

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BANKING

Piramal Finance is setting its sights on the lucrative gold loan sector. The company has proposed a buyout of Keertana Finserv, a specialized gold loan provider based in Hyderabad. Keertana Finserv, which is dedicated to gold loans, intends to fully transition away from microfinance by FY26.

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BANKING

Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios, restricts deeper cuts. Consequently, banks will experience continued margin pressure in the near term. However, a turnaround in profitability is anticipated later this fiscal year.

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BANKING

India's finance ministry is setting a new standard for accountability by instructing state-run banks to swiftly communicate any troubling details regarding their directors and appointees. This move is particularly relevant following the controversial case involving UCO Bank's MD & CEO, who is currently facing a CBI chargesheet.

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BANKING

Fino Paytech has secured the green light to upgrade its payments bank to a small finance bank, following the guidelines set by the Reserve Bank of India. Affected major investors are mandated to trim their stakes, with an 18-month timeline to meet these new ownership regulations. In addition, the bank plans to enhance its technological framework and human resource management.

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BANKING

SBI's mortgage loan portfolio has surged past Rs 9 lakh crore, fueling optimism for a 14% overall credit growth this fiscal year. The bank's Retail, Agriculture, and MSME (RAM) segment, a significant portion of its lending, also crossed a Rs 25 lakh crore milestone. SBI anticipates robust growth across these sectors, with corporate credit showing a positive turnaround.

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BANKING

Bank of Maharashtra has lowered interest rates on retail loans by 25 basis points. Home loans now start at 7.10 percent and car loans at 7.45 percent. This move follows the RBI's repo rate cut. The bank aims to make loans more affordable for customers. This offers a significant benefit to borrowers.

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BANKING

The Reserve Bank of India has reduced the repo rate by 25 basis points to 5.25%, aiming to make home and car loans cheaper. This move is expected to encourage banks to lower lending rates further, providing relief to borrowers.

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BANKING

SMFG India Credit has introduced a paid menstrual leave policy for all its women employees nationwide, effective December 2, 2025. Women will receive one paid leave per month, automatically approved and without requiring a manager's permission or medical certificate. This initiative aims to enhance employee well-being and foster a more inclusive workplace.

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BANKING

The Reserve Bank of India reported robust financial parameters for banks and non-banking finance companies, facilitating increased resource flow to the commercial sector. Capital adequacy and asset quality remain strong, with credit growth bolstered by greater non-bank intermediation and sustained lending to various segments.

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BANKING

India is preparing to invite bids for its 60.72% stake in IDBI Bank Ltd., valued at approximately $7.1 billion. This move is a significant step in the government's privatization efforts for the lender. Talks with potential suitors are advanced, with a formal bidding process expected soon.

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BANKING

IndusInd Bank has denied reports of talks with a strategic partner. The bank clarified that no such discussions are underway. Earlier, UK-based Hinduja Group, its top shareholder, was reported to be seeking a global partner for a minority stake.

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BANKING

Compact cars and SUVs together represent nearly three-fourths of all motor insurance claims in India, with compact cars leading claim volumes at 44%. SUVs follow with 32% of claims but higher repair costs. Electric vehicles, though only 1% of claims, incur the highest repair expenses due to battery and electronic costs.

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BANKING

La Caisse aims to raise $350 million (₹3,155 crore) via the stake sale and has appointed Rothschild to manage the process. The InvIT has an enterprise value of around ₹16,000 crore ($2 billion). Maple Infrastructure Trust is sponsored by Maple Highways, La Caisse's dedicated road platform in India.

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BANKING

Third strategic investment by the Japanese financial group in as many years. Infusion of primary capital will help to launch new products, tap global footprint of each other and attract talent. Wealth management contributes 40% of Daiwa’s global revenues.

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BANKING

Sahu will replace Kaku Nakhate who served the bank as CEO for about 15 years. Vikram will report to Jin Su, president of Asia Pacific.

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BANKING

Indian banks are boosting lending to higher-yield loans. This strategy aims to safeguard profit margins in a favorable credit market. Recent data shows an increase in the average lending rate on new loans. This trend helps banks maintain their net interest margins. Banks are also lending more to individuals and smaller businesses.

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BANKING

Launched in 2017, Fireside Ventures manages assets worth $650 million across the four funds and backs more than 60 consumer brands, including Honasa Consumer, the parent of skincare label Mamaearth, wearables maker boAt and mattress company The Sleep Company.

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BANKING

Microlending veteran Padmaja Reddy is exiting unsecured business by fiscal end to focus on gold loans, transitioning her firm Keertana Finserv to a 94% secured portfolio. Citing a "structural crisis" in microfinance, Reddy aims for Keertana to be a fully secured lender with gold loans comprising 95% of its assets under management by FY25.

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BANKING

Finance Minister Nirmala Sitharaman clarified the government's non-interference in Life Insurance Corporation's investment choices. She affirmed that LIC makes its own decisions, adhering to strict regulations. Investments are overseen by auditors and the IRDAI. LIC's current holdings in Adani Group companies stand at ₹48,284 crore. This highlights LIC's independent investment approach.

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BANKING

The Ministry of Electronics and Information Technology has blocked 87 illegal loan lending applications under Section 69A of the Information Technology Act. Regulatory actions are also taken against companies involved in online lending activities when violations of the Companies Act, 2013 are found.

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BANKING

Piramal Finance intends to secure approximately Rs 15,000 crore between December and March. This borrowing will primarily be sourced locally. The company aims to reach assets under management exceeding one trillion rupees by March.

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