Anupreksha Jain

Bajaj Finance Q3FY26 results: Net profit declines 6% to ₹4,066 crore

Accelerated credit provisions and a one-time labour code charge weighed on Bajaj Finance's Q3FY26 profit, even as income growth and asset quality stayed healthy

Advent to pick up 14.3% stake in Aditya Birla Housing Fin for ₹2,750 cr

The ₹2,750-crore primary capital infusion by Advent International values Aditya Birla Housing Finance at ₹19,250 crore and will support growth and market expansion

Aditya Birla Capital Q3 results: Net profit rises 33.3% to ₹966 crore

Aditya Birla Capital's consolidated net profit rose 33.3 per cent in Q3FY26, led by strong growth across its lending, insurance and asset management businesses

No word on merger: Budget 2026 proposes restructuring of PFC, REC

The Union Budget proposes restructuring of state-owned NBFCs PFC and REC to improve scale and efficiency, but the government has stopped short of indicating whether the two lenders will be merged

Canara Bank Q3 results: Net profit up 25.6% on rise in non-interest income

Canara Bank's Q3FY26 profit rose 25.6% driven by non-interest income, but shares slid nearly 5% as NII growth stayed muted and margins narrowed

Eco Survey calls to link microfinance investor exits to social metrics

Economic Survey 2025-26 urges linking microfinance investor exits to social impact metrics, warning that return-driven growth risks over-lending, borrower stress, and financial instability

RBI should include liquid papers in OMOs for better yield signalling: SBI

Despite a cumulative 125 basis point cut in the repo rate and record liquidity injections of about Rs 6.6 trillion during the current financial year, yields remained elevated

Unions call nationwide strike a success; no disruption, say bankers

Demanded five-day work week including all Saturdays

Reserve Bank of India moves OMO dates forward as 10-year yield hits 6.72%

Yield at highest level since March 2025; central bank also announces ₹50K crore VRR

Transmission of bank loan rate to NBFCs weak: Piramal Finance MD & CEO

Piramal Finance MD Jairam Sridharan says bank rate transmission to NBFCs remains weak, prompting a stronger shift towards lower-cost DFI funding

Shares of IIFL Finance tank 13% after I-T dept orders special audit

Q3 net up 157% to Rs 501 crore; gold loans surge 189% YoY

AUM of gold-loan NBFCs to cross ₹4 trillion by end-FY27: Crisil Ratings

Crisil Ratings projects gold-loan NBFC AUM to cross ₹4 trillion by FY27, driven by high gold prices, a shift to secured credit and easing LTV norms

NIM to face downward pressure in Q4, says South Indian Bank MD & CEO

South Indian Bank expects loan growth above 12% by shifting focus from corporate lending to retail, MSME and agriculture, while margins face short-term pressure amid rate cuts

Base-year revision to facilitate calibrated policies: RBI Governor Malhotra

RBI Governor Sanjay Malhotra says base year revision of GDP, CPI and IIP will enable more calibrated policymaking, improve inflation targeting and better reflect India's evolving economy

Six states to borrow nearly Rs 13,000 crore through bonds on Tuesday

States had borrowed Rs 5 trillion through state bonds in the first half of FY26, with Q2 issuances marginally exceeding the indicative borrowing calendar, the first such instance in seven quarters

RBI to set up central complaints processing centre under Ombudsman Scheme

Complaints filed online will be registered on the RBI's Complaint Management System portal, while those received through email or post will be processed centrally by the CRPC

RBI mandates auto transfer of unresolved plaints to internal ombudsman

The RBI has directed banks and eligible NBFCs to automatically escalate partially resolved or rejected complaints to the internal ombudsman and convey final decisions within 30 days

Manappuram Finance shares up 3.2% after denying delay in Bain Capital deal

Manappuram Finance shares rose over 3% after the company denied reports of RBI objections delaying Bain Capital's plan to acquire a controlling stake

India's foreign exchange kitty down $10 bn, sharpest in over a year

The previous largest weekly decline was recorded in the week ended November 15, 2024

Banks may report lower single-digit profit growth, margin compression in Q3

Banks' Q3 profits seen rising 2.4%, led by private lenders, as repo rate cut creates mixed NIM trends and deposit growth remains a challenge