Finance News

Bond yields steady as cut-off yield on 10-year bond in line with forecast

Government bond yields remained unchanged on Friday as the cut-off for the new 10-year paper matched market expectations, with traders watching US Treasury moves next week

State Bank of India looks to maintain at least 15% CAR: Chairman C S Setty

Expects three Indian lenders to be among Top-10 global banks in terms of mcap by 2030

No regulator should substitute boardroom judgement: RBI Governor Malhotra

Financial stability remains the 'North Star' for the central bank

KKR deepens India healthcare push with $200 mn Healthium MedTech plan

The private equity firm is focusing on entering areas such as cardiology, orthopaedics, and diagnostics, as India's medtech market is projected to grow to $50 billion over the next five years

Big bank pursuit: FM Nirmala Sitharaman says in talks with RBI, lenders

"There is a lot of work to do prior to my saying yes. The work has already commenced. We are discussing with the RBI and banks," the finance minister said

Despite digitisation, India will need more banks: DFS secy M Nagaraju

However, Nagaraju cautioned that the digital transition must be carefully managed to ensure that service quality and customer trust are not compromised

Bank unions protest Nirmala Sitharaman's privatisation 'endorsement'

The forum cited the collapses of YES Bank, Global Trust Bank, and Lakshmi Vilas Bank as examples of governance lapses in private banks

Global value chain faces disruption, reforms driving growth: FM Sitharaman

Finance Minister Nirmala Sitharaman highlights global challenges, stresses infrastructure push, reform measures, and technology-led growth to boost investment and productivity

RBI flags concern over elevated bond yields; OMO unlikely in November

RBI engages with market participants amid widening India-US yield spread; bond purchases unlikely before final CRR cut at month-end

RBI likely to meet banks and dealers on Tuesday amid liquidity strain

The meeting, though without a formal agenda, is expected to focus on current market conditions, the traders said, declining to be named as they are not authorized to speak to the media

Rupee may appreciate 1-2% if US tariff outcome is favourable: Goldman Sachs

The upbeat view comes despite the currency on Monday dipping near its lifetime low of 88.80 to the US dollar

RBI's forward book expands after six months as it mounts rupee defence

The FX forward book reflects positions in both non-deliverable forwards (NDF) and the onshore forward markets, which had peaked in February

Lending slowdown: Bank loans contract after 3 months, shows RBI data

RBI data show bank loans fell by Rs 49,468 crore in mid-October, even as annual growth improved marginally to 11.5 per cent; deposits also declined during the period

Business correspondents driving financial inclusion may get their due

The National Institute of Bank Management (NIBM) has submitted its report; and stakeholders - banks, BCs and Mint Road - are expected to roll out revisions next year

Festival season brings UPI boom, transactions hit record Rs 27 trn in Oct

Volume was up by 5 per cent and value by 10 per cent in October versus September this year

AI unlikely to replace humans in fin services, says Shankar Sharma

While AI helps you narrow the list of opportunities, it has not reached a point where it can replace wealth managers, points out Shankar Sharma

BS BFSI Summit: GIFT City achieving key milestones, gaining global traction

At BS BFSI Insight 2025, experts said international financial hub has evolved beyond banking, insurance, and capital markets. There are now over 35 active business segments operating in the centre

BFSI Summit highlights: Investor education on risk and asset allocation crucial, says Ananth Narayan

BFSI Insights Summit Day 3 highlights: The summit, scheduled from October 29 to 31, will bring together top policymakers, CEOs, and industry experts for a series of keynote addresses, fireside chats

BS BFSI Summit: Regulate now or lose out, cryptocurrency leaders tell India

Experts at the BFSI Summit urged swift digital asset regulation and an INR-backed stablecoin to stop India's crypto talent and innovation from moving overseas

Beyond UPI: Fintech firms face cross-border challenge to go global

Fintech executives said solving compliance, cost, and SWIFT dependency is key for Indian payment firms eyeing global expansion