Abhijit Lele
Abhijit Lele
Abhijit Lele
Nearly a decade into its existence, IBC framework needs to be reimagined
The famous "tareekh pe tareekh" dialogue from the Hindi movie Damini captures where we are now
 "Nearly a decade into its existence, IBC framework needs to be reimagined")
Private sector debt recast firms' AUM may further shrink, says CRISIL
CRISIL forecasts a 4-6% drop in AUM for private asset reconstruction companies (ARCs) in FY26 due to subdued acquisitions of stressed loans and potential disruptions from loan securitisation
 "Private sector debt recast firms' AUM may further shrink, says CRISIL")
Education loan growth at NBFCs to slow to 25% in FY26 on US visa curbs
The share of US in overall education loan portfolio has come down to 50% as on March 31, 2025, from a peak of 53% on March 31, 2024, and is expected to go down further over next few years
 "Education loan growth at NBFCs to slow to 25% in FY26 on US visa curbs")
Securitisation volumes up 9% at ₹49,000 crore in Q1FY26: Crisil
The higher volumes by NBFCs helped offset the lower origination volume by banks, supporting the overall securitisation market volume, Crisil said in a statement on Monday
 "Securitisation volumes up 9% at ₹49,000 crore in Q1FY26: Crisil")
Govt asks banks to close inactive accounts opened under PM Jan-Dhan Yojana
The concern arises from the increasing misuse of some Jan Dhan accounts by fraudsters as "mule accounts" to carry out cyber fraud
 "Govt asks banks to close inactive accounts opened under PM Jan-Dhan Yojana")
Muted loan growth, margin woes may weigh on listed banks' Q1 profits
On a sequential basis, profit after tax may decline by 2.2 per cent, due to pressure on interest margins and muted credit growth
 "Muted loan growth, margin woes may weigh on listed banks' Q1 profits")
India Ratings removes IndusInd Bank from Rating Watch negative status
Concerns over stability of bank's franchise to persist says agency
 "India Ratings removes IndusInd Bank from Rating Watch negative status")
Infomerics Valuation and Ratings eyes strategic investor to grow biz
While organic growth remains the focus, Infomerics would also scout for acquisition in analytics and technical support space
 "Infomerics Valuation and Ratings eyes strategic investor to grow biz")
Saraswat Bank approaches RBI to acquire New India Cooperative Bank
The RBI in February had prohibited New India, based in Mumbai, from issuing fresh loans and suspended deposit withdrawals for six months
 "Saraswat Bank approaches RBI to acquire New India Cooperative Bank")
MF funding to NBFCs hits record Rs 2.77 trillion in May 2025: CareEdge
Mutual fund exposure to NBFCs rose 32.5% YoY to record Rs 2.77 trillion in May 2025, driven by CPs and corporate debt, while bank credit to NBFCs fell 0.3%
 "MF funding to NBFCs hits record Rs 2.77 trillion in May 2025: CareEdge")
Bank credit growth slows to 9.8% in May as NBFC, retail lending dips
Bankers said besides subdued activity in the first quarter, the slowdown could be attributed to a high base effect and muted growth across segments, including retail
 "Bank credit growth slows to 9.8% in May as NBFC, retail lending dips")
SBI plans to solarise 4 million homes by FY27, marks 70 years of service
As it celebrates 70 years, SBI commits to solarising 4 million homes by FY27, scaling rooftop projects, modernising ATMs, and advancing AI-driven customer solutions
 "SBI plans to solarise 4 million homes by FY27, marks 70 years of service")
Current account balance posts surplus of 1.3% of GDP in Q4FY25: RBI
India posted a $13.5 billion current account surplus in Q4FY25, the first in three quarters, aided by strong services exports and a decline in primary income outflows
 "Current account balance posts surplus of 1.3% of GDP in Q4FY25: RBI")
India's external debt rises to $736 billion, 19.1% of GDP, says RBI
Short-term debt to total debt ratio dips to 18.3
 "India's external debt rises to $736 billion, 19.1% of GDP, says RBI")
Aseem Infra to raise ₹2,500 crore in FY26, reduce bank funding share
NIIF-backed Aseem Infrastructure Finance plans to raise ₹2,500 crore via market and external borrowings in FY26, focusing on green finance and loan book expansion
 "Aseem Infra to raise ₹2,500 crore in FY26, reduce bank funding share")
High input costs weighed on profit margins in FY25, says RBI study
The OPM of manufacturing firms moderated by 20 basis points (bps) from 14.4 in Fy24 to 14.2 per cent in Fy25
 "High input costs weighed on profit margins in FY25, says RBI study")
Inflows in NRI deposits moderate to $ 751 mn in April, shows RBI data
Inflows into NRI accounts fell to $751 million in April 2025 from $1.07 billion a year ago, but total deposits rose to $165.43 billion, RBI data shows
 "Inflows in NRI deposits moderate to $ 751 mn in April, shows RBI data")
Net FDI improves to $3.9 bn in April 2025 as repatriation slows: RBI
Net FDI rose to $3.9 billion in April 2025 on easing capital repatriation while gross FDI inflows touched $8.8 billion, with manufacturing and services leading
 "Net FDI improves to $3.9 bn in April 2025 as repatriation slows: RBI")
Govt cancels Pankaj Dwivedi's appointment as Union Bank executive director
In an unusual step, the Centre cancels Pankaj Dwivedi's appointment as Union Bank ED without citing a reason, following reports of a pending sexual harassment chargesheet
 "Govt cancels Pankaj Dwivedi's appointment as Union Bank executive director")
Biocon's ₹4,500 crore equity raise to reduce debt by FY26, says S&P
S&P says Biocon will bring down adjusted debt to Rs 20,000 crore by FY26 through equity issuance, with strong cash flows aiding deleveraging and future capex needs
 "Biocon's ₹4,500 crore equity raise to reduce debt by FY26, says S&P")
