Brokers say lower payouts may not necessarily translate into cheaper premiums and could instead squeeze servicing economics, trigger consolidation, and weaken insurance distribution
The company plans to raise up to ₹117 billion through a QIP and another ₹58 billion through preferential warrants to promoter and holding company Bajaj Finserv
Digital NBFCs sanctioned 3.4 crore loans worth Rs 64,656 crore during April-June 2026, with small-value borrowing keeping the average ticket size at around Rs 19,000
Eligible investors can seek one-time approval for subsequent acquisitions of up to 10 per cent in a bank, while prior approval remains mandatory for the initial acquisition
Canara Bank's domestic advances rose to ₹12.63 trillion and deposits to ₹15.48 trillion, while several other lenders also reported strong credit growth in quarterly updates.
The viral document, dated September 30, claims the Finance Ministry declared every Saturday a public holiday for public sector banks. PIB says no such notification was issued
V N Srivatsan, who currently handles overseas banking compliance and data privacy at ICICI Bank, is proposed to join HDFC Bank on January 4, 2027, for a three-year term
Axis Bank has launched Apple Pay for its Visa and Mastercard credit card customers in India, enabling payments at merchants, within apps and online using Apple devices
Panel proposes raising aggregate WMA limit by 11.2% to ₹67,839 crore and urges states to spread market borrowings more evenly across the financial year
The core banking and card processing platform is exploring credit line on UPI and other use cases as India becomes one of its priority markets for FY27
Banks will remain open from September 28 to 30 after the UFBU deferred its three-day strike following talks with the IBA on five-day banking, the PLI scheme and other pending issues
Banks in India will be closed for many days in Oct 2026, including national and regional holidays. The RBI's holiday calendar marks numerous non-working days affecting banks state-wise
IBA and UFBU will form a high-level committee to deliberate on declaring the remaining Saturdays as bank holidays and explore alternatives acceptable to stakeholders
The new chief will need to revive retail and deposit growth, rebuild CASA, improve margins and strengthen investor communication after years of stock underperformance
Setty said the bank's focus over the past two years has been on strengthening its capital base, deepening its role in the financial sector and building a more digital, customer-centric banking model
