Subrata Panda

Former CVC Suresh N Patel to lead high-level banking reforms committee

The six-member committee will review banking regulations, capital requirements, priority sector lending and digital innovation, and recommend reforms to boost global competitiveness.

BoB reports highest-ever quarterly profit of ₹6,532 crore in Q2FY27

Bank of Baroda's net profit rose 36 per cent YoY to a record ₹6,532 crore in Q2FY27, aided by higher treasury income, while advances grew 18.3 per cent and asset quality improved

AU Small Finance Bank probes potential data leak on Salesforce platform

The lender says its banking systems and services remain unaffected; the investigation follows a hacking group's claim that it accessed KYC, loan and other customer records

Equitas SFB CEO Vasudevan quits over 'perceived conflict of interest'

Vasudevan says investor concerns over his daughter's association with an NBFC have weighed on the bank's stock performance; he will continue until a successor takes charge

PFRDA chief S Ramann wants to plug NPS into corporate payroll systems

Pension regulator in talks with HRMS providers to enable salary-linked contributions; sees scope for pension funds to finance infrastructure

BFSI Insight Summit 2026: Life insurers seek longer transition period

Industry leaders back customer-centric changes but flag impact of commission caps, expense limits, and uniform implementation timelines

Insurance must grow 1.5-2x faster than GDP: Irdai chief Ajay Seth

Ajay Seth says India's insurance sector must grow 1.5-2 times faster than the economy, with faster claims settlement, greater transparency and lower distribution costs key to expanding coverage

Big part of health insurance is a pull product, not push: Irdai's Ajay Seth

At the BFSI Insight Summit 2026, Irdai chief Ajay Seth called for transformative reforms to help insurance grow up to twice as fast as India's economy, with faster claims and wider coverage

BFSI Insight Summit 2026: FCNR(B) bought India 3-5 years, says Uday Kotak

Uday Kotak warns India must prepare to repay $160-170 billion in FCNR(B) deposits and interest over three to five years, urging structural reforms to address macroeconomic risks

BFSI Insight Summit: Rate hike outlook, funding costs put banks on guard

Setty says SBI's house view is a 50-bp rate increase by December; Kotak flags $160-170 billion FCNR(B) repayment obligation

Yes Bank yet to decide on AT-1 bond coupon, says it retains discretion

The lender is evaluating the Supreme Court judgment setting aside the Rs 8,415 crore AT-1 bond write-off and will communicate its decision on coupon payments in due course.

Kotak Mahindra Bank's Q2 consolidated net profit rises 26% to ₹5,645 crore

Standalone profit rose 29 per cent as NII grew 16 per cent and provisions fell, though large FCNR(B) inflows pushed net interest margin down to 4.31 per cent

IndusInd Bank posts ₹1,242 crore Q2 profit as provisions decline sharply

IndusInd Bank reported a net profit of ₹1,242 crore in Q2FY27 against a loss a year ago, aided by lower provisions and higher other income, while asset quality improved

RBI's ₹2.5 trillion liquidity infusion sends mixed signals: SBI Research

SBI Research says the RBI's ₹2.5 trillion liquidity injection amid calibrated monetary tightening sends contradictory signals and could complicate monetary policy transmission

Shallow rate hike cycle likely to still test borrowers this time

A shallower rate-hike cycle could still strain household budgets as higher EMIs, elevated inflation and uncertain wage growth weigh on borrowers

SBI probes suspected dark web leak involving 3,897 customer records

The lender said preliminary analysis of around 375,000 dark web records identified 3,897 customer records containing personal information; a detailed investigation is under way

Not every friction in finance is inefficiency, says RBI DG Swaminathan

RBI Deputy Governor Swaminathan J says checks and balances help reduce fraud and errors, while financial institutions must maintain strong controls as technology reshapes processes

HDFC Bank probes alleged leak of confidential information, two under lens

HDFC Bank is conducting an internal review into an alleged leak of confidential information, with two executives potentially identified; action will follow the findings

HDFC to ramp up beyond home shores under incoming MD & CEO Anup Bagchi

Limited overseas reach constrained FCNR(B) deposit mobilisation; incoming chief Anup Bagchi may explore expansion as the lender reviews its strategy

Open to acquisition to build capabilities: Piramal Finance MD & CEO

Jairam Sridharan says urban and semi-urban markets will drive H2 growth as the lender takes a measured approach to wholesale lending