Page 5 - Subrata Panda

RBI drops 'restriction' on business overlap by banks & group entities

Withdrawal of proposal barring overlap between banks and NBFC subsidiaries offers relief to major lenders

RBI 'enabling framework' to enable banks to finance domestic firms' M&A

Indian banks are barred from such lending, pushing companies to rely on shadow lenders or bonds for financing

DFS, Meity secys among 3 external members of Payments Regulatory Board

The new Payments Regulatory Board, chaired by the RBI governor, will replace BPSS and include government nominees - the DFS secretary, Meity secretary and retired IAS officer Aruna Sundararajan

HDFC Bank's Parag Rao superannuates, Ashish Parthasarthy to take over

Parthasarthy currently heads Branch Banking, Infrastructure, Treasury, and Virtual Channels divisions at HDFC Bank

Want more retail investors in Tata Capital story: MD & CEO Rajiv Sabharwal

Sabharwal noted that they have been in regular communication with the regulator, and the RBI has granted its consent for the slight delay

Govt appoints Shirish Chandra Murmu as RBI deputy governor, effective Oct 9

His appointment will take effect from October 9 for a period of three years

Tata Capital eyes ₹1.38 trillion market capitalisation in largest NBFC IPO

Tata group company's ₹15,512 crore issue to also be biggest since June 2024

Life insurers firms plan to approach regulator for relief after ITC removal

This comes after the industry passed the entire benefit of lower GST rates to policyholders to increase affordability

StanChart to focus on multi-product clients; no new branches planned

Standard Chartered India will focus on cultivating multi-product retail relationships and cross-selling to affluent clients while consolidating branches into large priority centres

Higher adoption of UPI leads to lower cash demand, RBI study shows

The study, authored by the RBI staff, found that UPI volumes are negatively correlated with cash demand, underscoring its role as a substitute for physical currency

Nabard raises ₹4,039 crore at 6.85% coupon, short of ₹7,000 crore target

Yields remain sticky with marquee state-owned issuers preferring shorter maturities

GST 2.0: Pent-up demand behind spike in insurance sales on day one

The insurance industry has passed on the full reduction in GST to customers without changing product prices for now

Benefits of AI should not overshadow prudent risk management: RBI dy guv

RBI Deputy Governor M Rajeshwar Rao said AI adoption in banking must be measured and responsible, stressing strong governance, ethical use and alignment with long-term stability

Insurers to pass on GST cut, expect slight demand rise in policies

Insurers will implement GST-free rates from Monday and pass on the full benefit to policyholders, though withdrawal of input tax credit may impact margins over time

Explore infra for trading beyond $-₹ currency pairs: Malhotra to CCIL

RBI's Sanjay Malhotra urges CCIL to broaden forex, derivatives, and tech-driven services to aid rupee internationalisation

Corporate bond primary market shows revival after two-month slowdown

Corporate bond issuances pick up as market stabilises; big players like Aditya Birla Capital, Bajaj Finance, and Tata Capital tap debt amid strong liquidity and easing yield worries

Banks may turn to domestic bond market in H2FY26 for Tier-II bonds

After a lackluster first half in FY2026, banks are likely to turn to fresh Tier-II bonds to strengthen their capital base and to replace earlier issuances raised at a higher coupon rate

Exporters, industry bodies knock on RBI's door for US tariff buffer

Exporters and industry bodies sought RBI relief including moratoriums, relaxed NPA norms, and REER settlements to counter the impact of 50 per cent tariffs by the US

ICICI Bank, Amazon Pay renew partnership for co-branded credit cards

ICICI Bank and Amazon Pay have extended their co-branded credit card partnership for seven years, lowering forex markup and continuing unlimited cashback rewards

Banks, NBFCs may tap overseas market as dollar bond spreads narrow

Following India's rating upgrade, in investment grade space, spreads have compressed by 10 - 15 bps while in high yield space spreads have compressed by 25 - 30 bps