Subrata Panda

Nabard, REC pull ₹11,000 crore bond issues after weak investor demand

NABARD and REC withdraw planned bond issuances worth Rs 11,000 crore after receiving limited bids at higher yields, reflecting cautious sentiment in the debt market

Remittances from West Asia see 20-30% jump in March due to conflict

Remittances from West Asia to India rise 20-30% in March as diaspora sends more money amid conflict and a weaker rupee, though bankers warn gains may be temporary

SBI, MUFG sign pact to collaborate on M&A, aviation, real estate financing

State Bank of India and MUFG Bank sign a strategic partnership to collaborate on M&A, aviation and real estate financing, supporting cross-border transactions

IDFC First Bank pays additional ₹55 crore to settle Chandigarh fraud case

Additional payout raises total settlement to ₹645 crore after reconciliation of claims linked to a fraud involving a Haryana government account

RBI caps bank dividend payout at 75% of profit after tax under new norms

RBI says banks can declare dividends based on capital adequacy levels, with payouts capped at 75 per cent of profit after tax and subject to CET1 buffers and supervisory conditions

Digital lending boom raises risks if credit poorly underwritten: RBI DG

RBI Deputy Governor Swaminathan J cautions that while digital lending and platform-based models expand financial access, weak credit underwriting could deepen borrower distress

ECB volumes may grow 25-30% to $65 billion in FY27: Citibank executive

Prolonged geopolitical tensions could pose headwinds

Fino Payments Bank gets RBI nod to name Ketan Merchant its interim CEO

Rishi Gupta's return to office subject to NRC, board reassessment and RBI view

RBI draft proposes up to ₹25,000 compensation for small digital frauds

RBI's draft rules propose compensation of up to ₹25,000 for digital fraud losses of up to ₹50,000, even in cases of customer negligence, if reported within five days

SWIFT: Global banks to roll out new norms to speed up cross-border payments

SBI, HDFC Bank, ICICI Bank, and Axis Bank are the Indian banks who have supported the new framework

IIFL Finance hires EY for due diligence on potential Samasta stake sale

IIFL Finance has appointed EY to conduct due diligence for a possible stake sale in its MFI arm Samasta, as the lender evaluates strategic options amid pressure on the microfinance portfolio

Axis Bank partners with Tesla to offer tailored financing solutions

Axis Bank partners Tesla to offer tailored EV financing solutions, including loans with up to 10-year tenure and a fully digital loan process aimed at easing the purchase journey

RBI's CMI norms set to impact private banks more due to higher exposure

A ban on bank funding for proprietary trading, stricter collateral rules and higher haircuts are expected to hurt pvt banks' exposure and fee income, while shifting brokers toward CP, NBFC borrowing

Productive capital, inclusion key to next growth phase: RBI Dy Guv

RBI Deputy Governor Swaminathan J says India's path to Viksit Bharat@2047 depends on productive capital allocation, meaningful financial inclusion and strong customer protection

Fino PB sees no uncertainty over SFB nod from RBI after CEO's arrest

Bank's transition into SFB on track; no financial impact so far from the events that have unfolded

Visible signs of pickup in private investment cycle: Shaktikanta Das

Das highlighted that India is now witnessing a rapid transformation fuelled by the so-called 'triple threat' of progress: innovation, disruption and the birth of entirely new business models

Fino's SFB transition unlikely to be hit by CEO's arrest: Experts

Fino is the first and the only payments bank so far to apply for conversion into an SFB

Axis Bank seeks RBI nod to retain maximum possible equity in subsidiary

The bank will look to dilute a minimal stake in the wholly owned NBFC now that norms on overlapping business have been relaxed by the central bank

Gold loans pip personal loans in retail segment in Q3FY26, shows data

Gold loans overtake auto loans as the second-largest retail segment, with rapid growth driven by soaring gold prices and rising borrower demand

HSBC India pre-tax profit increases 10.5% to nearly $1.9 billion

HSBC India's CY25 pre-tax profit rose 10.5% to $1.9 billion, led by strong corporate banking performance, as India became its second-largest Asian profit contributor after Hong Kong