Anupreksha Jain

Rupee falls 0.42% to 95.96, posts sharpest decline since July 14

The domestic currency extended its losing streak to five sessions as rising crude oil prices, global bond yields and strong dollar demand weighed on the rupee

Bank of India raised $2.4 bn FCNR-B deposits, Indian Bank $2.3 bn

The state-owned lenders are using cheaper foreign-currency funding to meet rupee liquidity needs, extend loans and reduce dependence on high-cost deposits and borrowings

Bank strike disrupts PSB operations across states, digital services normal

Branch-level operations at public sector banks were hit across several states, affecting cash transactions and cheque clearances, while digital banking services remained available

Bank of Baroda raises $8 billion via FCNR (B), exceeds initial target

The state-run lender mobilised $8 billion through the RBI's concessional swap window, exceeding its initial target of $4-5 billion, amid strong demand for FCNR(B) deposits

BoB CEO calls for higher investment in cyber security as threats mount

Bank of Baroda MD and CEO Debadatta Chand said banks need stronger technology investments to tackle cyber threats, while customer risks require greater digital literacy

IDBI Bank shares fall 10.6% as Fairfax deal price weighs on investors

IDBI Bank shares close at Rs 81.12 as investors focus on the reported Fairfax offer of around Rs 81 per share for a controlling stake in the lender

Bajaj Finance acquires 5% stake in AI video platform TrueFan AI

Investment builds on an existing commercial relationship under which Bajaj Finance has deployed TrueFan's platform to generate millions of personalised videos

Banks expect up to 50 bps reduction in funding costs on liquidity surge

Robust FCNR(B) inflows are reducing banks' reliance on higher-cost certificates of deposit, while supporting credit expansion and improving liquidity coverage ratios

Revolving credit ban will impact a larger section, NBFCs tell RBI

Industry seeks clarity on products allowing limited redraw and supply-chain finance, as well as whether recovery calls can be made through the mandated 1600-number series

RBI's Murmu urges NBFCs, HFCs to diversify funding, strengthen liquidity

Deputy Governor Shirish Chandra Murmu says diversified funding, securitisation, stronger governance and sound underwriting are key to sustainable growth in the sector

ICICI Bank mobilises $17.88 billion via FCNR (B) under RBI swap facility

The private sector lender deployed around $9 billion as loans and issued standby letters of credit worth $3.63 billion against deposits mobilised under the facility

RBI Deputy Governor Murmu calls for professional boards at co-op banks

Deputy Governor Shirish Chandra Murmu calls for robust internal controls, greater technology adoption and timely resolution of weak urban cooperative banks

RBI's forex swap window draws $136.37 billion, FCNR (B) leads inflows

FCNR(B) deposits accounted for $127.22 billion of the total inflows, while overseas foreign currency borrowings added $5.26 billion and ECBs $3.89 billion

Ujjivan SFB CEO Sanjeev Nautiyal seeks early retirement on health grounds

Cites health issues; Executive Director Carol Furtado to take interim charge

Banks' microfinance share falls as NBFC-MFIs drive sector recovery: MFIN

Banks' microfinance portfolio fell 28.5 per cent year-on-year as loan reclassification weighed on reported numbers, while NBFC-MFIs expanded their portfolio

Short-term rates to stay firm as credit demand, funding needs rise: Ind-Ra

Ind-Ra sees rising corporate funding needs supporting bank lending and money-market activity, while lower-rated NBFCs could face wider credit spreads

Ujjivan SFB CEO Sanjeev Nautiyal seeks early retirement on health grounds

Carol Furtado has been appointed acting MD and CEO with immediate effect, subject to RBI approval, while the bank begins the process of identifying a successor

Piramal Fin raises ₹2,100 cr via QIP; total fundraise at ₹3,850 cr

The NBFC raised ₹2,100 crore from institutional investors through a QIP and plans a ₹1,750-crore promoter warrant issue, subject to shareholder and regulatory approvals

HDFC Bank CEO's exit puts focus on growth recovery, leadership reset

Sashidhar Jagdishan's exit puts HDFC Bank's next leadership team under scrutiny as investors seek stronger growth, better lending mix and improved returns

Canara, Union Bank to move NCLAT in Subhash Chandra repayment plan case

Canara Bank, Union Bank of India and LIC Housing Finance are moving NCLAT against the NCLT's approval of Subhash Chandra's repayment plan