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ICICI Bank to charge payment aggregators for UPI transactions from August 1

Private lender to charge up to Rs 10 per transaction on PAs; move follows rising infra costs and lack of MDR revenues in fast-growing UPI ecosystem

Unethical practices by some banks, NBFCs threaten trust in system: RBI DG

With the ambitious goal of a developed India by 2047, banks will need to adapt continuously to serve a more aspirational, mobile, and digitally connected population, he said

RBI eases norms, caps investments by banks, NBFCs in AIF schemes at 20%

RBI caps exposure at 20% for banks, NBFCs in AIF schemes, excluding equity investments from provisions, with new guidelines effective from January 2026

IDFC First Bank's micro loan stress may bottom out in 2 quarters: MD & CEO

The bank expects its microfinance stress to ease in the next couple of quarters, after which it plans to grow its book in a measured way, while also putting a proposal to vote at the upcoming AGM

Leadership transition is well on track, says IndusInd Bank Chairman Mehta

Chairman Sunil Mehta says CEO selection is with RBI; bank strengthens governance, cost controls, and collections to restore profitability

IndusInd Bank net profit plunges 72% due to rise in retail bad loans

Bank posts Rs 604 crore Q1FY26 profit amid higher provisions, declining microfinance asset quality, and subdued core and non-core income

Banca channel key to achieve insurance for all: SBI Life MD Amit Jhingran

Following the company's Q1FY26 earnings, Amit Jhingran, MD&CEO, SBI Life Insurance spoke to Subrata Panda in Mumbai about the company's performance, growth strategy, challenges

RBI grants 1-month extension to IndusInd Bank's committee of executives

Bank's chief human resources officer resigns after a two-decade stint with the bank

Credit growth inches up to 9.8% as deposit growth continues to outpace

At 10.1%, deposit growth continues to outpace credit, although the gap has narrowed to 300 basis points

Stabilising sector: Task cut out for new Irdai chairman Ajay Seth

With major reforms underway and growth tapering, Seth's key challenge will be to stabilise the insurance sector and steer regulatory transitions

New investor should have a say in Yes Bank CEO succession plan: MD & CEO

Our commercial banking portfolio has grown well, says Prashant Kumar

Pvt sector lender IndusInd Bank to raise ₹30,000 crore via debt, equity

The board approved raising Rs 30,000 crore via debt and equity and cleared promoter rights to nominate two directors, pending RBI and shareholder approvals

Top banks' fresh hiring slowed in FY25 amid moderation in business growth

Hiring by India's major commercial banks, including HDFC Bank, SBI, and Axis Bank, has declined significantly in FY25 due to slower growth, reduced branch expansion, and improved attrition rates

Anup Saha resigns as Bajaj Finance MD; Jain redesignated as VC & MD

Anup Kumar Saha resigns as Bajaj Finance MD, with Rajeev Jain re-designated as Vice Chairman and Managing Director for the remainder of his term

Retail loan growth sluggish for private banks in Q1, festive demand eyed

Five private-sector lenders, including the top three, reported single-digit growth in their retail loan books, dragging down overall loan growth during the quarter

HDFC Bank's loan growth will continue to improve going forward: CEO

Margins may fluctuate on a quarterly basis, but will stabilise over time, he said

Jio Financial Services ties up with Allianz Group for 50:50 reinsurance JV

Sign non-binding agreement to set up equally owned JVs for life and general insurance biz

After record issuances in FY25, infrastructure bonds lose their sheen

Infrastructure bonds, which were popular in FY25, have lost their appeal in FY26 as banks face stronger deposit growth and moderated credit demand, with issuances expected to be much lower this year

Axis Bank's Arjun Chowdhury resigns; Gambhir elevated to executive director

Axis Bank's senior leadership has seen churn lately. In June last year, Sumit Bali, group executive overseeing retail ­lend­­­ing quit and joined Yes Bank

Axis Bank net profit down 4% in Q1FY26 on rise in slippages, provisions

Axis Bank Q1FY26 net profit falls to Rs 5,806 crore as slippages surge and provisions rise; "technical impact" weighs on asset quality and return ratios