Page 3 - Subrata Panda

GST boost fuelling growth; private capex showing spark: HDFC Bank

NIMs could improve going forward for the bank as borrowings are replaced by deposits and deposits get repriced downwards

Banks raised ₹55K crore through CDs in fortnight ended November 14

Outstanding certificate of deposits touch an all-time high of Rs 5.34 trillion

Court proceedings won't affect IHC's investment plans: Sammaan MD & CEO

Samman Capital CEO Gagan Banga says IHC's proposed $1 billion investment remains fully intact despite ongoing court proceedings, with regulatory approvals progressing

India in talks with 7-8 countries to extend UPI services: DFS secretary

India plans to expand UPI to 7-8 more countries by next year as DFS says the goal is to prioritise Middle East and East Asia, even as banking health strengthens and insurance remains a key focus

SBI chief pitches for national financial grid to check digital frauds

It will be a dedicated intelligence infra company that will enable real-time intel sharing among banks and other financial-sector participants to strengthen customer protection against digital frauds

GST reforms expected to ignite animal spirits in financial sector: DEA secy

Recent uncertainties created by global tariffs have not impacted the Indian economy severely, she said

IPOs increasingly becoming exit vehicles for early investors: CEA

India's chief economic adviser V Anantha Nageswaran says IPOs are increasingly helping early investors exit rather than supporting long-term capital formation

Insurance could be exempted from GST so that insurers can claim ITC: LIC MD

LIC MD Ratnakar Patnaik urges the government to exempt insurance from GST to restore input tax credit and suggests raising the tax threshold for high-value insurance policies

Axis Max Life chases 'breakout No. 3' in life insurance: MD & CEO

MD & CEO Sumit Madan says product mix tweaks and cost control will offset ITC loss as firm targets "breakout number 3" position in industry

M&M, Manulife to form life insurance JV with ₹7,200 crore investment

Each partner commits to invest Rs 1,250 cr in the first five years of new venture

Confident Odisha will lead India in investments soon, says CM Manjhi

CM Majhi says Odisha is witnessing record industrial activity, signing projects worth ₹50,000 crore in maritime development and ₹13 trillion in overall investments

State-run banks target ₹9,000 crore from Tier-II bonds by December

Fundraising rush follows SBI's record Oct issue as yields soften

Irdai monitoring gaps in health insurance claim settlements: Chairman Seth

Ajay Seth says claim payouts often fall short of expectations; stresses prompt, transparent settlement to build trust and achieve 'Insurance for All' by 2047

Bajaj Finance consolidated net profit up 23% to ₹4,948 crore in Q2

Bajaj Finance's standalone profit fell 24% to Rs 4,251 crore due to higher loan loss provisions and a high base last year, even as consolidated profit rose 23% on robust loan growth

Private lender IndusInd Bank appoints Amitabh Kumar Singh as new CHRO

IndusInd Bank has appointed Amitabh Kumar Singh, a former ICICI Group executive, as its Chief Human Resources Officer, effective November 10, as part of its leadership expansion drive

RBI returns Jana SFB's application seeking universal banking licence

Jana Small Finance Bank's bid to transition into a universal bank was returned by the RBI for not meeting the eligibility criteria under the 2024 framework for small finance banks.

Kotak Bank's Q2 consolidated net profit down 11% YoY on higher provisions

The bank's net interest income (NII) rose 4 per cent Y-o-Y to ₹7,311 crore, while other income declined 4 per cent to ₹2,589 crore

Blackstone to invest ₹6,200 crore for 9.99% stake in Federal Bank

The Indian banking sector has seen a flurry of foreign investors investing in the sector of late. Last week, Emirates NBD announced that it will invest $3 billion for a 60% stake in RBL Bank

RBI proposes to allow banks to fund domestic, overseas acquisitions

Draft rules propose bank financing for domestic and overseas M&A, PSU divestments, and IPO subscriptions; framework to take effect from April 1, 2026

RBI flags geopolitical tensions as key risk to cross-border payments

The RBI and the Monetary Authority of Singapore (MAS) have operationalised the linking of their respective FPS - UPI and PayNow - respectively in 2023