Page 2 - Anupreksha Jain

Festive demand and GST relief to drive India Inc's Q3 FY26 growth: ICRA

ICRA expects India Inc. to post 8-10% year-on-year revenue growth in Q3 FY26, supported by festive and rural demand, GST rationalisation and easing costs

Seasonality rises in demand deposits, banks' cash in hand, says RBI report

Seasonality, a fundamental component of economic data alongside trend and cyclical movements, reflects recurring patterns arising from weather, production cycles, holidays and institutional behaviour

NBFCs face funding pressure despite healthy outlook: Crisil Ratings

Crisil flags rising stress in early delinquency buckets, especially in vehicle finance, unsecured MSME loans and the LAP segment

Rupee may drop to 90 vs dollar by Dec-end, regain by Mar: BS Poll

Possible US trade deal may help lift Indian currency, say experts

Muthoot Finance revises FY26 gold loan growth projection upward

In Q2FY26, Muthoot Finance's consolidated loan AUM increased by 42 percent from last year to Rs 1.47 trillion, while its gold Loan AUM increased by 45 percent from the year-ago quarter to Rs 1.24 trn

NBFCs push for refinancing, tax reliefs at pre-Budget meeting with FM

NBFCs and FIDC urged the Finance Minister to create a refinancing window, widen SARFAESI provisions and ease tax deductions during pre-Budget consultations for 2026-27

RBI in 'formidable position' to fulfil public policy mandates: DG Murmu

RBI Deputy Governor Shirish Chandra Murmu says the central bank's economic capital, risk buffers and revaluation practices place it in a strong position to meet its policy mandates

Bajaj Finance expects AUM from MSME business to grow 10-12% in FY26

Cuts AUM growth guidance to 22-23% for FY26

Canara Bank expects GST reforms to give credit growth a leg-up in H2

Canara Bank expects credit momentum to continue in H2 of FY26, supported by GST rate cuts, robust rural lending, and higher retail demand even as it works to maintain profitability and asset quality

India's foreign exchange reserves drop by $6.93 billion to $695.36 billion

RBI data shows foreign currency assets and gold holdings declined in the week ended Oct 24, pulling total reserves below the $700-billion mark

BFSI Summit: General insurers call for norms to navigate climate disasters

At the BFSI Insight Summit 2025, insurance leaders urged joint action on climate, cyber, and EV risks - calling for innovation, tech collaboration, and universal insurance coverage

BS BFSI Summit: MFI industry's full recovery hinges on better liquidity

After quarters of liquidity stress and high delinquencies, India's microfinance sector shows revival signs, though experts say sustained recovery depends on stronger bank and government support

This could be largest IPO year in Indian history: Foreign Bank CEO Panel

At BS BFSI Summit 2025, all three bankers welcomed recent measures from the RBI, particularly move to allow local banks to finance mergers and acquisitions - an area long dominated by foreign lenders

RBI directs banks to offer nomination facility; customers can opt out

New rules effective November 1 require banks to offer nomination at account opening; refusal allowed only with written declaration, says RBI

Mahindra Finance Q2 net profit rises 45% to ₹564 crore on robust lending

Strong tractor financing, healthy SME growth, and stable asset quality boost Mahindra Finance's second-quarter performance in FY26

SFB advances to cross ₹2 trillion in FY26, grow 16-17%: Crisil Ratings

Crisil Ratings expects non-microfinance segments like housing, MSME and vehicle loans to drive 16-17% growth in small finance banks' advances this fiscal

Need to promote wider use of digital solutions: RBI Deputy Governor

Swaminathan says steps like ULI facilitate cash-flow-based lending

Banks prefer direct assignment with NBFCs despite colending relaxations

Industry experts suggest that while colending volumes among NBFCs are expected to grow, driven by operational synergies and flexible structures, banks will continue to favour direct assignment

RBI proposes lower risk weight for NBFC loans to infrastructure projects

Draft norms define high-quality infrastructure projects, aim to reduce capital burden for NBFCs and align risk weights with actual project performance

UPI accounts for 85% of payment volumes: RBI's payment system report

RTGS, mainly used for high-value transfers, had largest share of transaction value in H1CY25