BANKING

Union Budget 2026: India's banking sector is strong with improved balance sheets and high profits. Finance Minister Nirmala Sitharaman announced a high-level committee to review the system. This panel will chart the next phase of reform-led growth. It will also look at the role of Non-Banking Financial Companies. Public sector NBFCs will be restructured to improve efficiency and focus on key sectors.

from Banking/Finance-Industry-Economic Times https://ift.tt/VObGRuE
via IFTTT

BANKING

SBI chairman C S Setty calls for equal tax treatment on returns from equity investments and bank deposits. He believes this will create a level playing field for financial savings. A banking official also requests an extension of the tax holiday for income earned in Gujarat's GIFT City. This move aims to boost activity in India's International Financial Services Centre.

from Banking/Finance-Industry-Economic Times https://ift.tt/O903hAg
via IFTTT

BANKING

Companies bidding on a recent opportunity must submit an unconditional offer, according to bid documents. Any conditions attached to an offer will make it invalid. The documents also state that bidders will not have the right to make changes to the share purchase agreement after it is submitted to the Department of Investment and Public Asset Management (Dipam). This information comes from people familiar with the matter.

from Banking/Finance-Industry-Economic Times https://ift.tt/fsyugCz
via IFTTT

BANKING

In an ambitious move, the World Bank Group has committed to funneling $8-10 billion each year into India over the next five years. This groundbreaking partnership pivots around enhancing job creation through the private sector.

from Banking/Finance-Industry-Economic Times https://ift.tt/NlewW8Z
via IFTTT

BANKING

India's government has set a February 5 deadline for financial bids to divest a majority stake in IDBI Bank, marking a significant step in the privatization process. Eligible bidders, including Fairfax Financial Holdings and Emirates NBD, are now in the final phase. The government and LIC aim to sell 60.7% of the lender, with the successful bidder gaining naming rights.

from Banking/Finance-Industry-Economic Times https://ift.tt/jhWzAoV
via IFTTT

BANKING

RBI rate cut: This is the first data point reflecting the 25-basis point repo rate cut announced by the Reserve Bank of India in December 2025, following cumulative policy easing of 125 basis points over the course of 2025.

from Banking/Finance-Industry-Economic Times https://ift.tt/kB2FrbJ
via IFTTT

BANKING

Major global reinsurers, including Lloyd's of London, are seeking Indian regulatory approval to establish operations in GIFT City, a low-tax financial hub. These companies aim to tap into India's substantial insurance market by offering specialized products and benefiting from favorable tax treatment and regulatory alignment.

from Banking/Finance-Industry-Economic Times https://ift.tt/BwQXLad
via IFTTT

BANKING

Citigroup India has appointed Ankur Khurana as its new head of commercial banking. This move signals a stronger focus on India's growing mid-market corporate sector. Khurana brings over two decades of banking experience. She previously worked at Standard Chartered Plc. This position was vacant since July.

from Banking/Finance-Industry-Economic Times https://ift.tt/RJbIFHC
via IFTTT

BANKING

PNB Housing Finance aims to balance growth and margins under a new leader with a five-year tenure, following frequent leadership changes. The company is shifting focus to higher-yielding affordable and mid-market housing loans, targeting a 45-50% share by FY28. This strategy, coupled with funding new developers, seeks to improve profitability and address investor concerns.

from Banking/Finance-Industry-Economic Times https://ift.tt/eUClBdZ
via IFTTT

BANKING

This government backing aims to support the sector facing delinquencies and funding challenges. The scheme will incentivize banks to lend to microfinance institutions, especially smaller ones. It will be implemented outside the union budget framework and announced after Cabinet clearance.

from Banking/Finance-Industry-Economic Times https://ift.tt/5mkp8TM
via IFTTT

BANKING

ATM cash withdrawals saw a dip in 2025. However, people took out more money per transaction. CMS Info Systems reported this trend. Digital payments also grew significantly. Insurance spending rose, while education, hospitality, and entertainment saw reduced spending. This reflects shifts in consumer behavior.

from Banking/Finance-Industry-Economic Times https://ift.tt/WBwkrgJ
via IFTTT

BANKING

Credit card usage in Mumbai saw an 8% rebound last month, reaching ₹2.05 lakh crore due to seasonal demand and year-end spending. Net new card additions hit a three-month high of over 900,000, boosting the total active cards to 115.7 million. Analysts anticipate steady spending momentum, supported by ongoing consumption trends and festive demand.

from Banking/Finance-Industry-Economic Times https://ift.tt/7rxKvdF
via IFTTT

BANKING

The Reserve Bank of India is introducing new rules to help banks manage loans affected by natural disasters. These guidelines will allow banks to offer relief to borrowers impacted by events like floods and landslides. The aim is to provide timely support while ensuring financial stability. The new framework is expected to be implemented from April 1st, following public feedback.

from Banking/Finance-Industry-Economic Times https://ift.tt/UZYshiM
via IFTTT

BANKING

An industry perspective on the reforms and incentives Budget 2026 could introduce to strengthen insurance adoption, manage emerging risks and support inclusive growth.

from Banking/Finance-Industry-Economic Times https://ift.tt/gcLl57r
via IFTTT

BANKING

Prime Minister Modi has invited global investors to India's burgeoning energy sector, highlighting a USD 500 billion opportunity. He emphasized the nation's ambition to become the world's largest refining hub, urging investments in refining, LNG, city gas distribution, and exploration. India aims for USD 100 billion in oil and gas investments by 2030, expanding refining capacity and exploration scope.

from Banking/Finance-Industry-Economic Times https://ift.tt/HBV5Gwd
via IFTTT

BANKING

KKR plans to invest tens of billions of dollars in India over the next 5-10 years, identifying it as a priority strategic market. The firm sees compelling opportunities in India's consumption, growth, and digital advancements, alongside infrastructure and private credit. While valuations have risen, KKR believes they remain attractive relative to the country's strong growth prospects.

from Banking/Finance-Industry-Economic Times https://ift.tt/VTUtr8S
via IFTTT

BANKING

Microfinance lenders are showing signs of recovery after a prolonged bad loan cycle. Leading institutions like Bandhan Bank, Ujjivan Small Finance Bank, and CreditAccess Grameen reported stable non-performing assets and improved margins. This performance suggests a normalization of business, offering relief to stakeholders and indicating a positive outlook for the sector.

from Banking/Finance-Industry-Economic Times https://ift.tt/j2ezZx1
via IFTTT

BANKING

Karnataka secured Rs 13,070 crore in investment commitments at the WEF meet in Davos, spanning sectors like renewable energy, data centres, and advanced manufacturing. Global leaders lauded the state's industry-friendly environment and skilled workforce, paving the way for accelerated projects and strengthening Karnataka's competitive edge in global trade.

from Banking/Finance-Industry-Economic Times https://ift.tt/BJs5HuD
via IFTTT

BANKING

2026 Budget household factors: Indian households anticipate the Budget to bring financial relief. Expectations focus on income tax reductions and measures to lower the cost of goods through local production. Citizens also seek employment schemes and affordable housing support. These demands highlight a desire for immediate financial stability and long-term economic strengthening.

from Banking/Finance-Industry-Economic Times https://ift.tt/2bCxLKs
via IFTTT

BANKING

The Bombay High Court has granted interim relief to several insurance companies by staying GST demands on co-insurance premiums and ceding commissions, holding that the levy appears to be contrary to CBIC circulars. The stay applies until the next hearing.

from Banking/Finance-Industry-Economic Times https://ift.tt/bsxFmSA
via IFTTT

BANKING

IndusInd Bank has appointed former SBI MD Arijit Basu as its new Non-Executive Independent Director and Part-Time Chairman, effective January 31, 2026. Basu, who brings extensive banking experience, will serve a three-year term. This appointment follows the completion of Sunil Mehta's tenure as chairman.

from Banking/Finance-Industry-Economic Times https://ift.tt/uG0M6d2
via IFTTT

BANKING

IndusInd Bank has appointed Arijit Basu as Non-Executive Independent Director and Part-time Chairman for a three-year term starting January 31, 2026. Basu, a seasoned banker with experience at SBI and HDB Financial Services, will succeed Sunil Mehta. His appointment aligns with regulatory requirements and brings extensive financial sector expertise to the bank's leadership.

from Banking/Finance-Industry-Economic Times https://ift.tt/z0fFcAd
via IFTTT

BANKING

Davos meeting: India being currently down is a short-term phenomenon in a long-term bull market for stocks in the country; India provides almost a unique growth path, says tephen Schwarzman, founder and CEO of Blackstone.

from Banking/Finance-Industry-Economic Times https://ift.tt/VLTY2cN
via IFTTT

BANKING

Non-banking finance companies (NBFCs) saw their lending grow by 22% in the period leading up to the end of December. This expansion was faster than that of bank advances, which reported a 14.4% growth during the same timeframe. NBFCs, excluding bank credit to these companies, had outstanding loans totaling Rs 35.8 lakh crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/otrZz5N
via IFTTT

BANKING

Potential suitors for IDBI Bank's disinvestment face uncertainty regarding renaming the lender post-acquisition. The RBI previously rejected a rebranding proposal when LIC invested, citing IDBI's reclassification as a private sector bank. This lack of clarity could impact the bidding process, though progress is expected.

from Banking/Finance-Industry-Economic Times https://ift.tt/Hf31Avx
via IFTTT

BANKING

SBI Chairman Challa Sreenivasulu Setty anticipates a private investment rebound once US tariff issues resolve. He believes SBI can achieve its growth aims organically, focusing on AI to boost efficiency. Setty also noted room for consolidation in public sector banking, but SBI does not need inorganic growth. Savings accounts are stable, but current accounts are impacted by government cash management.

from Banking/Finance-Industry-Economic Times https://ift.tt/b58S9mE
via IFTTT

BANKING

The NCLAT has issued an extension of legal protection for the directors at the helm of the newly formed IL&FS board. Consequently, banks are now required to acquire tribunal authorization prior to pursuing claims against these directors for being wilful defaulters. This ruling upholds the safeguards that were previously set in place after the government assumed control.

from Banking/Finance-Industry-Economic Times https://ift.tt/0DL381A
via IFTTT

BANKING

Several Indian banks are modifying their lending approaches in response to current market dynamics. Federal Bank and Yes Bank have reduced their retail lending activities, particularly focusing on housing loans which typically offer lower returns. They are also scaling back loans to large corporations that are seeking favorable interest rates.

from Banking/Finance-Industry-Economic Times https://ift.tt/fmIQAhr
via IFTTT

BANKING

Punjab National Bank is on an impressive expansion journey in South India, boasting record-breaking profits of ₹5,100 crore. This financial upswing signals an expected boost in net interest margins, alongside a steady growth in deposits and advances.

from Banking/Finance-Industry-Economic Times https://ift.tt/0qGZQVx
via IFTTT

BANKING

Punjab National Bank reported its highest-ever quarterly net profit of ₹5,100 crore for the December quarter, a 13% increase year-on-year. The bank aims for consistent quarterly profits exceeding ₹5,000 crore, driven by growth in retail, agriculture, and MSME sectors, along with new profit-generating verticals. PNB also made a significant floating provision for the ECL framework to strengthen its balance sheet.

from Banking/Finance-Industry-Economic Times https://ift.tt/iw1Jnv7
via IFTTT

BANKING

An Indian Supreme Court ruling requiring Tiger Global to pay capital gains tax on its Flipkart stake sale has wide implications for private equity and trading firms using offshore structures. The court overturned a lower court decision and held that Tiger Global cannot claim tax treaty benefits through Mauritius because key decisions were made in the US, not the island nation.

from Banking/Finance-Industry-Economic Times https://ift.tt/LbvUowS
via IFTTT

BANKING

ICICI Bank and HDFC Bank have been instructed by a regulator to make significant one-time provisions. ICICI Bank must set aside an additional Rs 1,283 crore, while HDFC Bank is required to allocate Rs 500 crore. The regulator has also urged both banks to identify and address shortcomings in their loan portfolios. These adjustments are necessary to ensure compliance with Priority Sector Lending (PSL) norms.

from Banking/Finance-Industry-Economic Times https://ift.tt/mpe6ZfD
via IFTTT

BANKING

Microfinance loan portfolios have been declining since April 2024, according to industry leaders. This trend began after reaching a high of Rs 3.43 lakh crore. The decrease is attributed to loan repayments exceeding new loan disbursements across the sector.

from Banking/Finance-Industry-Economic Times https://ift.tt/laQREwF
via IFTTT

BANKING

Edelweiss Life Insurance is set for strong growth. The company expects double-digit expansion over the next two to three years. Breakeven is targeted by FY27. This growth will be driven by a balanced approach across multiple distribution channels and diverse products. Significant capital support is also planned to fuel this scaling.

from Banking/Finance-Industry-Economic Times https://ift.tt/E7Ln96x
via IFTTT

BANKING

ICICI Bank's board has approved Sandeep Bakhshi's reappointment as Managing Director and Chief Executive Officer. His new term will begin on October 4, 2026, and conclude on October 3, 2028. This decision is subject to approvals from the RBI and shareholders. Bakhshi has led the bank since 2018, focusing on risk controls and asset quality.

from Banking/Finance-Industry-Economic Times https://ift.tt/h2tRW3M
via IFTTT

BANKING

Tiger Global's Supreme Court setback allows the income tax department to revive its 2018-19 assessment and a Rs 968 crore refund claim. The ruling, upholding the tax department's stance on a Flipkart stake sale, has unsettled foreign investors, raising concerns about ongoing and past transactions due to perceived reinterpretation of tax policies.

from Banking/Finance-Industry-Economic Times https://ift.tt/01yqQte
via IFTTT

BANKING

The National Company Law Tribunal has approved a major restructuring for Poonawalla Finance. This plan will split the company's lending and real estate businesses into separate entities. Poonawalla Finance will continue its lending operations. Its real estate assets will move to new companies, Rising Sun Holdings and Synergist Realtors. This move aims for sharper focus and better investor attraction.

from Banking/Finance-Industry-Economic Times https://ift.tt/Ueph9oP
via IFTTT

BANKING

Anuj Tyagi, CEO and MD of HDFC Ergo General Insurance, has resigned. He will depart in mid-April to pursue new ventures. Tyagi joined the company in 2008 and has been leading it since July 2024. The board is ensuring a smooth transition. Tyagi strengthened the company's foundation and expanded its reach. The board thanked him for his service.

from Banking/Finance-Industry-Economic Times https://ift.tt/Zk3tbz6
via IFTTT

BANKING

The Central Information Commission (CIC) rejected the Central Registrar of Cooperative Societies' (CRCS) claim that letters from a Sahara depositor were untraceable due to office relocation. The CIC ordered the CRCS to submit a status report on actions taken regarding the depositor's letters and orders within four weeks, emphasizing the need to address the specific grievance.

from Banking/Finance-Industry-Economic Times https://ift.tt/Z3mq5uH
via IFTTT

BANKING

Standard Chartered is reviewing its retail credit card business in India as part of a broader effort to reshape its operations in the country, people familiar with the matter said. The bank has held preliminary discussions with stakeholders and could take a decision as early as this year, though talks remain at an early stage and may change.

from Banking/Finance-Industry-Economic Times https://ift.tt/O3JCDsv
via IFTTT

BANKING

Government is pushing state-owned banks to use the JanSamarth portal for loans up to one crore rupees. This digital process aims to speed up credit for micro and small businesses. Banks can automatically access borrower data for faster loan approvals. This initiative is set to improve credit access for MSMEs.

from Banking/Finance-Industry-Economic Times https://ift.tt/ZGBTQAe
via IFTTT

BANKING

Indian banks' credit-to-deposit ratio hit an all-time high of 81.75% as of December 31, signaling pressure to attract deposits amid robust loan demand. This elevated ratio reflects challenges in deposit mobilization, with investors seeking higher returns elsewhere, and a lag in deposit growth compared to credit expansion.

from Banking/Finance-Industry-Economic Times https://ift.tt/NPqe1Wi
via IFTTT

BANKING

Investec India has partnered with veteran banker Ravi Kapoor's SACS Partners to jointly conduct investment banking business in the country. Kapoor will serve as Vice Chairman of Investment Banking at Investec India. This collaboration aims to offer clients a superior combination of high-quality advice and world-class execution in financial advisory, M&A, and capital raising.

from Banking/Finance-Industry-Economic Times https://ift.tt/3hC1Z0x
via IFTTT

BANKING

In a landmark decision on international tax treaties, the Supreme Court on Thursday overturned the Delhi High Court’s exemption of Tiger Global from capital gains tax on its 2018 Flipkart stake sale to Walmart.

from Banking/Finance-Industry-Economic Times https://ift.tt/Z1qeKDY
via IFTTT

BANKING

The pace of rise in bank profitability is likely to bottom out this fiscal year, and gradually improve in FY27 as funding pressures ease and net interest margins (NIMs) stabilise, the agency said in its outlook on the financial sector for FY27.

from Banking/Finance-Industry-Economic Times https://ift.tt/qSku1wA
via IFTTT

BANKING

Central Government Health Scheme beneficiaries now have a new optional health insurance plan. The Paripoorna Mediclaim Ayush Bima offers in-patient hospitalisation coverage up to ₹20 lakh. This plan provides enhanced financial security and access to quality healthcare across India. Beneficiaries can choose co-payment options of 70:30 or 50:50. The policy is available at discounted premiums compared to regular plans.

from Banking/Finance-Industry-Economic Times https://ift.tt/y63EKVD
via IFTTT

BANKING

India's central bank has given Sumitomo Mitsui Banking Corp initial approval to establish a wholly-owned subsidiary. This move allows the Japanese bank greater operational freedom in India. Previously, Sumitomo Mitsui Banking Corp operated through a branch. The new subsidiary will be a separate legal entity, offering treatment similar to local banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/dk9R52u
via IFTTT

BANKING

Alliance Insurance Brokers Private Ltd has appointed Aatur Shashikant Thakkar as its new CEO. Thakkar aims to grow premiums under management to Rs 5,000 crore within three years. The company also plans to double its reinsurance business. This strategic move will strengthen Alliance's distribution channels and digital platforms. The firm closed FY25 with over Rs 1,500 crore in premiums.

from Banking/Finance-Industry-Economic Times https://ift.tt/0F8a1Mz
via IFTTT

BANKING

India's central bank warns that rapid digitalization is shrinking the window for regulators to address financial risks. Deputy Governor Shirish Chandra Murmu emphasized the need for proactive detection and agile interventions to maintain stability. He highlighted challenges including the speed of technological change, fragmented oversight, calibrating regulation, systemic risks from innovations, and cybersecurity concerns.

from Banking/Finance-Industry-Economic Times https://ift.tt/rmFSMUy
via IFTTT

BANKING

India’s central bank has warned that rapid digitalisation is shrinking the time regulators have to spot and respond to financial risks, calling for more agile and proactive oversight to protect stability. Speaking at a global supervisors’ conference, RBI Deputy Governor Shirish Chandra Murmu said fast-evolving technologies are outpacing traditional regulatory processes, while digital platforms are blurring regulatory boundaries and fragmenting oversight.

from Banking/Finance-Industry-Economic Times https://ift.tt/0g3erYh
via IFTTT

BANKING

Insurance product value is shrinking due to high commissions and operating expenses. Experts highlight concerns with credit-linked life, non-linked, motor third-party, and retail health policies. Despite tax reforms, these costs impact customer returns. Industry growth has stagnated while expenses climb. A committee is now examining distribution costs.

from Banking/Finance-Industry-Economic Times https://ift.tt/VmkQW7P
via IFTTT

BANKING

A State Bank of India report reveals banking system risks. Unsecured loans have surged significantly. Deposits and credit remain concentrated in just ten districts. This imbalance poses potential challenges. Public sector banks are regaining market share. Regional disparities in banking activity persist across India. The report analyzes data from the last two decades.

from Banking/Finance-Industry-Economic Times https://ift.tt/Dg5owsE
via IFTTT

BANKING

India's banking system has seen strong growth over two decades. Deposits and advances have risen sharply, showing deeper financial intermediation. Bank assets have also expanded significantly, reflecting renewed credit activity. Public Sector Banks are regaining market share.

from Banking/Finance-Industry-Economic Times https://ift.tt/ZHYVRWb
via IFTTT

BANKING

Prudential Financial's investment arm, PGIM Inc., is reportedly considering selling its Indian asset management unit, PGIM India Asset Management Pvt Ltd. The business, acquired from Deutsche Bank a decade ago, has experienced limited growth and incurred after-tax losses. EY has been engaged to advise on the potential divestment.

from Banking/Finance-Industry-Economic Times https://ift.tt/rczOZQm
via IFTTT

BANKING

Leading industrialists have announced significant investment commitments in Gujarat. Reliance Industries will invest Rs 7 lakh crore over five years, focusing on green energy and technology. Adani Group plans Rs 1.50 lakh crore in Mundra for energy projects. Other companies will also invest in manufacturing and skill development.

from Banking/Finance-Industry-Economic Times https://ift.tt/1gLivdI
via IFTTT

BANKING

Major banks like Bank of Baroda, RBL Bank, Yes Bank, and State Bank of India are opposing the Reserve Bank of India's directive to reveal information on defaulters and inspection reports. These banks have appealed to the Central Information Commission. The outcome of this case will significantly impact banking transparency and depositor rights.

from Banking/Finance-Industry-Economic Times https://ift.tt/qWO3eyf
via IFTTT

BANKING

ICICI Lombard General Insurance reported an accidental WhatsApp post of draft financial results. A company official shared unaudited figures for the quarter and nine months ending December 2025. The post was made on January 9 and deleted within an hour. The company has informed stock exchanges. Investors are cautioned against relying on this information.

from Banking/Finance-Industry-Economic Times https://ift.tt/kPrHOVa
via IFTTT

BANKING

Indian exporters received a significant boost with Rs 3,361.83 crore sanctioned under the Credit Guarantee Scheme for Exporters. This initiative aims to support businesses facing global trade headwinds. The scheme, operational since December 1, 2025, provides 100 per cent credit guarantee coverage. Banks have also reported record profits, indicating a strong financial sector.

from Banking/Finance-Industry-Economic Times https://ift.tt/xRiaFdb
via IFTTT

BANKING

PhonePe Payment Gateway has introduced 'PhonePe PG Bolt' for Visa and Mastercard card transactions. This new feature uses device tokenization for secure and fast in-app checkouts. Users can save their cards once on the PhonePe app. This allows for one-click payments across integrated merchants. The system removes the need for CVV entry on subsequent transactions.

from Banking/Finance-Industry-Economic Times https://ift.tt/e1DGNVc
via IFTTT

BANKING

NBFCs' share of aggregate gold loans fell by nearly 20 percentage points over the past five years to 50.3% as of March 2025, from 69.4% in 2020. In the same period, banks increased their share to 49.7% from 30.6%, data showed.

from Banking/Finance-Industry-Economic Times https://ift.tt/IrkZO5N
via IFTTT

BANKING

The Delhi High Court has directed the Reserve Bank of India to detail its enforcement actions regarding digital lending rules. This comes after a public interest litigation alleged several digital lending apps illegally accessed borrower data without consent. The court seeks to understand the RBI's steps to ensure compliance with its Digital Lending Guidelines, 2025.

from Banking/Finance-Industry-Economic Times https://ift.tt/6XxNS2u
via IFTTT

BANKING

India Infrastructure Finance Corp Ltd is actively exploring opportunities to broaden its investment horizons, delving into sectors such as aviation, electric mobility, and extraterrestrial infrastructure. This strategic expansion is designed to bolster sustainable initiatives and drive innovation.

from Banking/Finance-Industry-Economic Times https://ift.tt/pS0d1Mn
via IFTTT

BANKING

The meeting will be chaired by financial services secretary M Nagaraju, with representatives from the General Insurance Council, the Association of Healthcare Providers (India) and senior executives from insurers and hospital chains.

from Banking/Finance-Industry-Economic Times https://ift.tt/NMiGZek
via IFTTT

BANKING

As of March 2025, the DICGC insured 41.5% of total bank deposits by value, covering ₹100.12 lakh crore. The deposit insurance fund saw a 15.2% year-on-year increase, reaching ₹2.29 lakh crore. The RBI also approved a risk-based deposit insurance framework to enhance financial stability.

from Banking/Finance-Industry-Economic Times https://ift.tt/ey3wlnS
via IFTTT

BANKING

India's investment banking sector achieved a record $1.3 billion in fees in 2025. Initial public offerings and mergers and acquisitions fueled this growth. Jefferies topped the league table with significant fee earnings. Equity capital markets contributed the largest share of fees.

from Banking/Finance-Industry-Economic Times https://ift.tt/K2eSROJ
via IFTTT

BANKING

Global credit rating agency Fitch Ratings on Tuesday said a tighter risk framework is helping in strengthening India's bank operating environment, reflecting improving systemic resilience and risk controls in the Indian banking sector.

from Banking/Finance-Industry-Economic Times https://ift.tt/1o56j3y
via IFTTT

BANKING

Banking system's loan-to-deposit ratios hit an all-time high of 81% in the December quarter, signaling a widening gap between credit growth and deposit mobilization. Major lenders like HDFC Bank saw their LDRs approach 100%, prompting concerns about potential deposit rate hikes or limited scope for passing on RBI rate cuts.

from Banking/Finance-Industry-Economic Times https://ift.tt/zOK9BYn
via IFTTT

BANKING

HDFC Bank said on Monday that its deposits rose 2.1% sequentially in the December quarter, while gross advances increased 2.7% from the previous quarter.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UTbHrP
via IFTTT

BANKING

Indian insurers settled a record number of health claims in FY25. Settlement ratios improved significantly, with fewer claims rejected. Average payouts per claim decreased due to wider policy coverage. Cashless treatments continued to dominate claim payments. Regulators pushed for faster, more transparent settlements, leading to improved processing times and tighter oversight.

from Banking/Finance-Industry-Economic Times https://ift.tt/UJ0RkvG
via IFTTT

BANKING

Bank employees' unions are threatening a nationwide strike on January 27. They are demanding a five-day work week. This strike could impact public sector banks for three consecutive days due to upcoming holidays. Unions state they have agreed to longer working hours daily to compensate. Many other institutions already operate on a five-day schedule.

from Banking/Finance-Industry-Economic Times https://ift.tt/0PvM67i
via IFTTT

BANKING

Insurance regulator Irdai has flagged mis-selling as a major issue. Grievances related to unfair business practices have risen significantly. Insurers are now advised to perform root cause analysis to tackle this problem. Insurance penetration remains static, below global averages. However, insurance density shows a modest increase, indicating consistent growth since 2016-17.

from Banking/Finance-Industry-Economic Times https://ift.tt/bWE9Ik4
via IFTTT

BANKING

Bandhan Bank's loans and advances grew 10% year-on-year to Rs 1,45,227 crore in Q3 FY26. Total deposits rose 11.1% to Rs 156,723 crore. Retail deposits showed strong growth, increasing by 17.2%. The bank's collection efficiency improved to 98.1% in December 2025. Liquidity coverage ratio remained comfortable at 149.14%.

from Banking/Finance-Industry-Economic Times https://ift.tt/ZT6oxg3
via IFTTT

BANKING

"We expect to deploy close to Rs 6,000 crore in the next few years. We largely work with organised developers and underwrite inventory to reduce risk. Right now, we are focusing on NCR but are evaluating some projects in other cities as well," said Vickrant Singh, founder of Sawai Capital.

from Banking/Finance-Industry-Economic Times https://ift.tt/IsJTnRS
via IFTTT

BANKING

Lending rates on fresh rupee loans rose by 10 basis points to 8.71% in November 2025, driven by state-run banks. This increase reflects rising bond yields and sluggish deposit growth, hindering the full pass-through of policy rate cuts to borrowers despite RBI's aggressive easing.

from Banking/Finance-Industry-Economic Times https://ift.tt/5Etu7TJ
via IFTTT

BANKING

Punjab National Bank reported strong growth in its third quarter business. Global business reached Rs 28.92 lakh crore, a 9.57% increase year-on-year. Domestic business also saw a rise of 9.09%. Deposits and advances both showed healthy year-on-year growth. The bank's shares closed higher on Friday.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ojeBkc
via IFTTT

BANKING

The National Financial Reporting Authority has issued a new toolkit to help small and medium accounting firms better assess risks of material misstatement in company audits, particularly at the revenue level. The regulator said the toolkit provides adaptable sample documents that can be tailored to different audit engagements.

from Banking/Finance-Industry-Economic Times https://ift.tt/Kr3xHiF
via IFTTT

BANKING

The Institute of Chartered Accountants of India has deferred the peer review requirement for auditors of state-run bank branches by one year, extending the deadline to December 31, 2026. The move gives audit firms and reviewers more time to prepare for compliance.

from Banking/Finance-Industry-Economic Times https://ift.tt/pOiWGjr
via IFTTT

BANKING

Banks can now sponsor pension funds for India's National Pension System. This move by the Pension Fund Regulatory and Development Authority aims to boost competition. Banks must meet specific eligibility criteria. This is part of broader reforms. Subscribers can now invest in gold, silver ETFs, Nifty 50, and Alternative Investment Funds. Investment management fees will be revised from April 2026.

from Banking/Finance-Industry-Economic Times https://ift.tt/6koZD1w
via IFTTT