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South Indian Bank says RBI approves Mahesh Muralidhar Pai's appointment as MD, CEOThe Reserve Bank of India has approved Mahesh Muralidhar Pai's appointment as Managing Director and CEO. This appointment is for a three-ye...- S&P flags risks to Indian microfinance lenders' $35 billion bookIndia's $35 billion microfinance sector faces fresh risks as weak monsoon forecasts and persistent inflation threaten rural incomes, increa...
- Cost of free alerts: RBI’s SMS order may dent banks’ income by Rs 300 croreBanks have also been given the flexibility of dropping mandatory alerts for lowvalue transactions. However, top-draw private banks, such as...
- RBI approves re-appointment of NS Vishwanathan as Axis Bank's non-executive chairmanThe Reserve Bank of India has approved NS Vishwanathan's reappointment as Axis Bank's non-executive chairman. His new three-year term will ...
- IDFC First Bank launches EPFO payment servicesIDFC First Bank has launched provident fund payment services through its EPFO integration. This integration allows establishments to initia...
- HSBC pulls back from risky credit after bankruptcy scare, FT reportsHSBC is reportedly scaling back its involvement in riskier private credit deals, according to the Financial Times. This strategic shift ind...
- Private banks write off nearly half of NPAs in FY26, outpace PSBsPrivate banks significantly reduced bad loans by writing off nearly half of their exposure. This cleansing effort primarily targeted unsecu...
- Founder of Brookfield-backed Avaada seeks $750 million loanAvaada Group founder Vineet Mittal plans to borrow $750 million from global lenders. This new financing will refinance the company's existi...
- Deposits win for private banks, loans trophy for PSBs: Q1 throws up opposing trends; private growth seen as healthierPrivate banks saw stronger deposit growth than public sector lenders in the June quarter. Public sector banks, however, achieved faster cre...
- Gold overtakes vehicle loans as top securitised asset class in Q1FY'27: CRISILSecuritisation, a process through which lenders pool loans and sell them to investors to raise funds and free up capital for fresh lending,...
- Markets may consolidate; micro, small and mid-caps could lead alpha generation, says Quant Mutual FundQuant Mutual Fund expects Indian equities to consolidate after the recent rally but believes micro-, small- and mid-cap stocks will drive a...
- India's banks are handing out more loans, but deposits aren't keeping upIndian banks witnessed a surge in lending during the April-June quarter, outpacing deposit growth and widening the funding gap. This trend,...
- HDFC Bank Q1 business update: Gross advances rise 15% to Rs 30.61 lakh croreHDFC Bank has announced robust financial results for the April-June quarter of FY27. Gross advances surged 15.4% year-on-year to Rs 30.61 l...
- Kerala government to map routes with parallel KSRTC, private bus services: MinisterKerala's transport minister announced a plan to identify routes where KSRTC and private buses operate concurrently, following concerns from...
- ICICI Bank mulls first benchmark dollar bond sale since 2017ICICI Bank is planning its first benchmark US dollar bond sale since 2017, aiming to raise at least $500 million through offshore bonds. Th...
- India's private credit market doubles to $25 billion AUM in five years: ReportIndia's private credit market is booming, nearly doubling to $25 billion in assets under management over five years, fueled by strong busin...
- Stocks in news: Kotak Mahindra Bank, Tata Motors, HDFC Bank, IndiGo, Coal IndiaIndian markets experienced a volatile yet narrow trading range, concluding marginally lower as consolidation persists. Analysts await a dec...
- RBI opens bank lending for acquisitions under new frameworkIndia's banking sector is set for a major overhaul with the RBI's new acquisition finance framework, effective today. This move integrates ...
- Private banking sector flux: CFO departures and leadership uncertainty amid regulatory changesIndia's banking sector is experiencing significant leadership shifts, with multiple CFOs and senior executives departing private banks and ...
- Churn at private banks' finance function, 2 CFOs quitA significant reshuffle is underway in the finance departments of major Indian banks. Axis Bank and Bandhan Bank have seen their Chief Fina...
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