Finance News

HDFC Bank mobilised over ₹1.5 trn in deposits in July-September quarter

In contrast, India's second-largest private-sector bank, ICICI Bank, mobilised $17.88 billion in FCNR(B) deposits and raised $3.55 billion through dollar-denominated bonds

RBI may continue liquidity absorption as it begins rate-hiking cycle

Core liquidity surplus remains around ₹10 trillion, keeping the focus on RBI's liquidity operations as markets expect a 25-basis-point repo rate increase this week

GST Council may consider ITC rationalisation for real estate, construction

Proposals include ITC on pipelines and telecom towers, contracted prices between government-owned firms, and wider credit for hospitality, tourism and wellness services

GST Council may wind up Fitment Committee, consolidate officer panels

The proposed structure will comprise the GST Secretariat, implementation committee and a single standing committee, replacing several existing panels and sectoral groups

HDFC Bank mobilises over ₹1.5 trillion in deposits in September quarter

Period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent YoY to ₹33.27 trillion, while advances grew 16.3 per cent year-on-year

ICRA sees state borrowing at ₹4.8-5.4 trillion in fourth quarter of FY27

ICRA retains its FY27 gross state borrowing estimate at ₹13.4-14 trillion, assuming states broadly adhere to the RBI's indicative auction calendar for the third quarter

RBL Bank deposits rise 34% YoY to ₹1.56 trn in Q2; advances grow 40%

Deposits increased to ₹1.56 trillion and gross advances to ₹1.43 trillion, while the CASA ratio declined to 27.2 per cent despite growth in low-cost deposits

RBI absorbs ₹2.10 trillion via VRRR auctions amid surplus liquidity

During the first auction, the central bank received bids worth ₹2,10,688 crore for a notified amount of ₹2 trillion

The CEO factory: How ICICI, SBI, Axis shaping financial services leadership

HDFC Bank, ICICI Bank, SBI and Axis Bank have emerged as key training grounds for financial services leaders who later take up top industry roles

Let exchange rate act as shock absorber: IMF on Fed hike impact on India

IMF says India should let the rupee absorb external shocks as tighter US monetary policy pressures global financial conditions

India's small businesses chase a new dawn amid reforms and financing push

With legislative reforms and improved financing, MSMEs are poised for a credit revolution despite lingering global headwinds

Deposit growth gets a leg-up for banks in Q2 due to FCNR(B) mobilisation

Public and private sector banks reported strong deposit growth in Q2FY27, aided by FCNR(B) mobilisation under the RBI's concessional swap window

UPI transaction value may drop 10% after Oct 15 MDR rollout: Survey

LocalCircles estimates UPI transaction volumes could fall 4% and value 10% as consumers shift to cards, cash and bank transfers if merchants pass on the MDR

Inflation target should align with advanced economy average of 2%: Patra

"By being anti-inflationary, monetary policy makes the biggest contribution to growth"

India's forex reserves fall $18.3 bn, post biggest weekly decline on record

Foreign exchange reserves have fallen for three straight weeks, losing about $38.2 billion, as the RBI intervenes to support the rupee amid higher crude oil prices

Matter of liquidity: How the RBI manages cash in the banking system

Why the central bank relies on a mix of short- and long-term tools to keep money in check

RBI MPC meet from Oct 5-7: Will RBI hike the repo rate this time?

RBI's MPC will meet from October 5-7 to decide on interest rates; economists expect a 25-basis-point hike to 5.5 per cent as inflation rises and global central banks tighten policy

Indian banks faced $500 million FX losses after RBI position curbs

Crisil Coalition Greenwich said banks recovered around $400 million after market spreads widened and positions were normalised following the RBI directive

Business Standard poll: RBI may hike repo rate by 25 bps in October meet

RBI may raise repo rate by 25 bps in October as higher crude prices raise inflation risks, while resilient growth could prompt an upward revision to the FY27 growth forecast

UPI continues to grow strongly, volumes up 23% at 24.07 bn in September

Clocks highest daily avg volume of over 800 mn transactions