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RBI move on M&A funding likely to revive corporate credit demand

Also enable corporate sector to capture sizeable share of acquisition financing mkt

Q2 loan race: HDFC, Kotak Mahindra Bank shine; IndusInd deposit books fall

RBL Bank also reported healthy growth, with loans up 14 per cent Y-o-Y to ₹1.02 trillion and deposits up 8 per cent Y-o-Y to ₹1.16 trillion

SBI aims to be one-fourth of India's GDP by assets: Chairman C S Setty

Setty highlighted that India has to focus on the emerging sectors

Life insurers cut agents' slice to give customers the full GST pie

Commission payouts reduced by 18% as insurers pass GST cut benefits to customers

IHC is taking responsibility for debt: Sammaan Capital MD & CEO Gagan Banga

Gagan Banga spoke to outline what the investment means for the company and how it plans to leverage this capital to expand its business

Abu Dhabi's IHC to buy 43.5% in Sammaan Capital for ₹8,850 crore

Abu Dhabi investor to become promoter, can nominate directors

RBI proposes basic savings bank deposit account as a standard service

The central bank, in the draft circular, has asked banks to publicise that BSBD accounts are available and their features

Lending cap on large corporations lifted as RBI scraps 2016 circular

RBI has withdrawn its 2016 system-wide cap on lending to large corporates citing reduced risks, while large exposure limits for individual banks will remain in force

RBI allows Indian lenders to fund acquisitions of Indian corporates

RBI permits banks to finance mergers and acquisitions of Indian corporates, expanding capital market lending opportunities but raising concerns over leverage and ALM risks

RBI eases rules by dropping overlap curbs on banks, group entities

RBI has removed proposed restrictions on business overlaps between banks and their group entities, giving operational freedom and boosting major lenders with NBFC arms

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