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RBI's revised PSL norms: HDFC Bank, Federal Bank, IndusInd Bank to benefit

Augurs well for banks with relatively lower organic PSL generation

IMF asks Indian banks to adopt global norms for credit risk management

UN financial agency report released by RBI calls for enhanced supervision of individual loans

Vikram Sahu to take over as Bank of America's India country executive

Appointment subject to RBI approval; Sahu will lead the India team, deliver strategic growth plans, regulatory engagement, and governance

Kotak Mahindra Bank's shares rise nearly 5%, touch 41-month high

Lathia's appointment is part of Kotak's strategic efforts to strengthen its leadership and drive growth through innovation, the bank said in a statement

Some upper-layer NBFCs can be good substitute for banks: Sanjiv Bajaj

In next 10-15 years, India needs around four large capable, mature NBFCs, says Bajaj Finserv's Chairman and Managing Director Sanjiv Bajaj

Credit-deposit growth gap widens amid tight liquidity, shows RBI data

While credit expanded by Rs 1.38 trillion in the March 7 fortnight over the previous fortnight, deposits expanded by Rs 2.25 trillion

Bain Capital to invest Rs 4,835 crore in Manappuram Finance for 18% stake

The acquisition will be through a preferential allotment of equity and warrants at ₹236 per share, a 30 per cent premium over the six-month average trading price

Likely to put more global roles in India because of talent pool: Citigroup

Fraser also expressed confidence that India will remain the world's fastest-growing economy

Nabard, Sidbi raise Rs 14K cr amid demand for short to medium tenor bonds

This marks a shift from their usual preference for long-tenor bonds, as an oversupply of such bonds has driven yields higher

Promoters will infuse capital into IndusInd Bank if needed: Ashok Hinduja

Bank is currently well-capitalised; awaiting RBI clearance for stake raise from 15% to 26%

Allianz to explore new avenues in India after exit from Bajaj JVs

Bajaj Group will acquire the 26 per cent stake in BALIC for Rs 10,400 crore and in BAGIC for Rs 13,780 crore from Allianz

REC, Canara Bank raise Rs 10K cr via bonds; Ireda plans perpetual issue

Nabard, Sidbi to tap market this week to raise Rs 17,000 crore; Ireda eyes Rs 2,000 crore via perpetual bonds

Bajaj Finserv to buy Allianz's 26% stake in insurance JVs for Rs 24,180 cr

Post the acquisition, Bajaj Group's stake in the two insurance ventures will go up to 100 per cent from 74 per cent currently

Religare Enterprises begins governance review of firm, subsidiaries

Board has decided to approach new promoters, the Burman Group, for funds

Want to build biz in India for 100 years: Shriram Capital-Sanlam executives

Executives talk about their plans for the wealth management business and the group's banking ambitions

Inflation eases, but RBI may not go for aggressive rate cuts: Economists

India's headline CPI inflation eased to 3.61 per cent in February - the lowest since July 2024 - on the back of a sharp decline in food inflation, mostly due to lower vegetable prices

HDFC Bank plans to sell Rs 1,028 cr bad loans via Swiss challenge auction

Of the Rs 478 crore, Rs 329 crore comes from 1,973 mortgage and home loan accounts, Rs 77 crore from 3,232 commercial vehicle loan accounts, and Rs 72 crore from 2,074 agriculture loan accounts

Major issuers to tap bond market to raise over Rs 20K cr in next few days

REC is tapping the market on March 17 to raise as much as Rs 6,000 crore through two tranches via bonds maturing in three years and 10 years

RBI invites application for SRO in account aggregator space by June 15

The complexity necessitates frequent coordination among REs to address various operational issues

Axis Bank eyes up to Rs 4,000 crore from stake sale in Axis Finance

Sale proceeds for capital infusion in arm; sale likely in 3-6 months