Financial Market

October brings five financial changes that could affect consumers and businesses differently. LPG consumers need biometric Aadhaar authentication to access subsidised refills. Some SBI customers will

'Our target group has been young middle class. Over the years, we have graduated to a slightly higher ticket size doing about Rs 1.5 lakh in average ticket size in unsecured credit or personal loans;

Foreign investors have pulled out over ₹1.26 lakh crore from the financial sector this year, accounting for 44% of all FII selling across Indian markets. Higher US bond yields, a stronger dollar

The two registered depositories in India are CDSL and NSDL which control 100 per cent of the total market

State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19,013 crore in the corresponding period of the previous year.. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI), and the second-biggest lender HDFC Bank with profit of Rs 19,684 crore and Rs Rs 19,221 crore, respectively, during the fourth quarter, according to the financial numbers posted on exchanges. However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. Similarly, HDFC Bank's profit stood at Rs 74,670 crore wh

Effective regulation requires consultation, expertise, incentives, and institutional credibility

CCIL can re-apply for recognition; Esma in talks with Sebi, IFSCA for similar agreement

India’s financial markets could witness asymmetrical returns in the coming years as technology-led sectors begin to reshape

At the Business Standard BFSI Insight Summit 2025, Sebi chief Tuhin Kanta Pandey said India's financial markets are growing stronger with transparency, reforms, and wider investor participation

Hours after RBI's jumbo rate cut, state-owned Punjab National Bank (PNB) on Friday announced up to 50 basis points reduction in lending rate, a move which will help existing and new borrowers. Other banks are also expected to make similar announcements soon. "Great News for Our Valued Customers! Punjab National Bank Makes Your EMIs More Affordable! Following the repo rate cut (6.00% - 5.50%), Punjab National Bank has reduced its RLLR by 50 bps, effective from June 9, 2025," PNB said in a post on X. With the reduction in the benchmark repo-linked benchmark lending rates (RBLR), the home loan of the bank will start from 7.45 per cent while vehicle loans from 7.8 per cent per annum. Earlier in the day, the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. The RBI's six-member monetary policy committee, headed by Governor

The bank had planned to raise Rs 2,500 crore through 10 year bonds. The base issue size was Rs 500 crore and the green shoe option was Rs 2,000 crore

"Central banks usually purchase about 400 tonnes of gold annually. However, in 2022 and 2023, they bought over 1,000 tonnes each year," says Vikram Dhawan

The closure applies to equity, equity derivatives, SLB, and currency derivatives segments. Commodity markets will also remain shut during both morning and evening sessions

Swedish PE firm invests $6 bn in 18 months; sells stake worth $2.4 bn

Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

Dalal holds a master's degree in business administration (finance) from the K.J. Somaiya Institute of Management Studies & Research

In this episode of Manager's Mantra, we are joined by Mr. Vishal Bajaj, CA, CS, and MBA, who is the Director - Wealth at Client Associates, a leading wealth management firm.