Page 2 - Anupreksha Jain

Poonawalla Fincorp Q1FY27 results: PAT jumps nearly fivefold to ₹308 crore

The NBFC reported strong growth in profit, AUM and net interest income in Q1FY27, while asset quality improved and secured loans accounted for over half its portfolio

Jio Financial Services Q1 PAT jumps 156% on strong lending, payments growth

Total income, excluding dividend income, rose 141 per cent YoY to Rs 1,496 crore. Including dividend income, profit before tax more than doubled to Rs 970 crore, up 131 per cent from a year earlier

Piramal Finance Q1 PAT jumps 67%; board clears ₹4,000 crore fund raise

NBFC reports strong June-quarter earnings on robust retail loan growth and higher net interest income, while its board approves a fund raise of up to Rs 4,000 crore

Former LIC CFO Sunil Agrawal appointed SBI chief financial officer

State Bank of India has appointed former LIC finance chief Sunil Ramgopal Agrawal as chief financial officer. He will take charge from August 1, 2026

Union Bank Q1 profit rises 29.5%; eyes up to $300 mn overseas borrowings

Union Bank of India reported a 29.5 per cent rise in first-quarter profit and said it aims to raise up to $300 million overseas while targeting $2 billion in FCNR(B) deposits

Union Bank of India's Net profit rises 29.5% YoY for Q1FY27; NII up 10%

Union Bank of India's Q1FY27 profit rose nearly 30 per cent as net interest income grew, margins improved and asset quality strengthened during the June quarter

Rupee breaches 96/$; 10-year bond yield rises 6 bps on oil price surge

The rupee weakened beyond 96 per US dollar while the benchmark 10-year bond yield rose 6 basis points as higher crude oil prices and inflation concerns weighed on markets

Setting the agenda: RBI directs bank boards to sharpen strategic focus

The revised framework, effective October 1, 2026, requires bank boards to define reserved matters, review delegated powers and devote greater attention to strategy and risk governance

Leverage advanced tech to reduce costs, RBI Governor Malhotra tells banks

Takes stock of FCNR (B) deposit mobilisation

Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment

The rupee fell to a one-month low against the US dollar as rising crude oil prices and renewed tensions in West Asia weighed on sentiment, with RBI intervention limiting losses

Tata Capital enters gold loan business with ₹318 crore Yogloans acquisition

Tata Capital enters gold loan business with ₹318 crore Yogloans acquisition

Tata Capital enters gold loan business with Yogloans acquisition

Tata Capital will acquire an 88.6 per cent stake in Kerala-based Yogloans, marking its entry into the gold loan business and expanding its retail lending portfolio

Trai says 1600-, 140- number series can't be tagged and filtered

The telecom regulator said designated 1600 and 140 number series used for banking, financial and government communications cannot be tagged, blocked or filtered by apps

L&T Finance Q1 results: Net profit rises 31% on strong retail book growth

L&T Finance reported a 31 per cent rise in Q1FY27 profit as strong retail loan growth, better asset quality and lower borrowing costs supported its performance

NBFCs strengthen treasury teams after RBI opens term money market

NBFCs are hiring treasury specialists in money market operations and liquidity management as the RBI's proposal to widen access to the term money market reshapes funding strategies

India should shift financial inclusion focus to financial health: PwC-Dvara

India should shift its financial inclusion agenda from expanding access to improving household financial health, as wider account ownership alone has not improved resilience, says a report

SBI seeks priority sector status for all infra loans to boost investment

State Bank of India has proposed granting priority sector status to all infrastructure loans or excluding them from ANBC calculations to encourage higher infrastructure investment

Rupee posts biggest single-day gain in three weeks on debt inflows

The rupee rose 0.46 per cent against the US dollar on Tuesday, supported by sustained debt inflows, easing demand from oil companies and a weaker greenback

NBFCs drive securitisation issuances to record first-quarter high: Crisil

NBFCs accounted for over 98% of securitisation issuances in April-June 2026, with gold loans emerging as the largest asset class amid robust investor demand and healthy retail credit growth

Biz loans to entrepreneurs outpace entity credit growth: TransUnion CIBIL

Business-purpose loans to individual entrepreneurs grew faster than credit to commercial entities between 2023 and 2026, signalling a shift in MSME financing, says TransUnion CIBIL