Page 8 - Finance Sector

HDFC Bank CEO Sashidhar Jagdishan's plea to quash FIR adjourned to July 23

Bombay High Court adjourns hearing of HDFC Bank CEO Sashidhar Jagdishan's plea to quash an FIR lodged by the Lilavati Trust, with the investigation continuing under the Economic Offences Wing

RBI to hold 3-day VRRR auction Tuesday to absorb ₹1 trillion liquidity

RBI to absorb ₹1 trillion via a three-day VRRR auction on Tuesday, aiming to manage surplus liquidity and align maturities with GST-related outflows

Groww plans to launch new trading terminal for professional traders

Stock broking firm Groww is planning to roll out a new trading terminal designed specifically for experienced and professional traders. The upcoming terminal, named '915', will be India's first fully custom-built trading platform. "915 will cater to high-volume traders and will be hosted outside the Groww app," market sources said. Under this, traders would be able to customise their unique dashboards based on their distinctive trading styles and data resources. While the company did not respond to queries regarding the launch, industry insiders believe that Groww is aiming to deepen its engagement with 'pro' and full-time traders. The new terminal will specifically serve those who seek high performance, advanced tools, and a fully customisable trading workspace. The key features of the platform include historical straddle charts, highly customizable dashboards, a real-time P&L chart, and fast order execution. This initiative is part of Groww's broader efforts to diversify its ..

We are catalysing retail green financing in the country: Rajashree Nambiar

The climate-financing gap over the next five years is about $40 billion, says Rajashree Nambiar, cofounder and chief executive officer of Ecofy

Parliamentary panel on finance to meet today, review IBC, emerging issues

The central government is likely to bring an amendment in the Insolvency and Bankruptcy Code (IBC) in the upcoming monsoon session of Parliament

Financial bidding for IDBI Bank expected to conclude by October 2025

"All things have at the high pace and IDBI bank will be completed by October 2025," said the official.

Lenders ask bidders to sweeten offers for debt-laden Jaiprakash Associates

All five bids for Jaiprakash hinge on Supreme Court ruling over 1,000-hectare Yeida land; lenders prefer cash-heavy offers with Adani seen as current frontrunner

Corporate 'fraud accounts' pose tough challenges for banking system

SBI also reported former chairman of the group Anil Ambani to the Reserve Bank of India (RBI)

Expand financial inclusion using AI: DFS secy M Nagaraju to fintechs

At the CII summit, DFS Secretary M Nagaraju said fintechs must widen access to finance and develop AI-led tools to combat cyber threats and support rural economic growth

Non-life insurers' premiums rise 9% to ₹79,306 crore in Q1 FY26

General and standalone health insurers drive 8.85 per cent YoY premium growth in Q1FY26, but IRDAI's revised norms impact comparability with last year's figures

Adani Enterprises to raise ₹1,000 crore via NCDs; issue opens 9 July

Second public NCD issuance by Adani Enterprises offers tenors of 24 to 60 months, interest options across eight series, and listing on both BSE and NSE

NBFC's micro loan stress increases in FY25, says RBI report

RBI's FSR shows NBFCs' stressed assets rose sharply as write-offs jumped and credit risks increased, especially in small-ticket personal loans below ₹50,000

UCBs see growth in outstanding credit portfolio due to demand, wider reach

Retail credit products have witnessed highest growth in last five years compared to commercial credit

RBI's change in project finance rules may sow the seeds of a future crisis

Given that the project does not generate any revenue at this stage, loan repayment generally starts after the construction is over and the project has begun operations

Govt once again extends tenure of FSIB chairman, other members by one year

The government has extended the tenure of the chairperson and other members of FSIB, the headhunter for directors of state-owned banks and financial institutions, by another one year. With the extension, chairperson and other members would continue to serve the Bureau till June 30, 2026. FSIB is headed by Bhanu Pratap Sharma, former secretary of Department of Personnel and Training (DoPT). The Appointments Committee of the Cabinet has approved the extension of the term of following incumbent chairperson and part-time members of the FSIB, for a further period of one year beyond June 30, 2025, that is with effect from July 1, 2025 up to June 30, 2026 or until further orders, an official notification said. The term of Financial Services Institutions Bureau (FSIB) was extended by one year last year as well. Other members of the headhunter are Animesh Chauhan, former chairman and MD of erstwhile Oriental Bank of Commerce, RBI's ex-executive director Deepak Singhal, and Shailendra Bhand

Writeoffs major factor for lower NPAs in past 5 years, says RBI report

RBI says SCBs' asset quality improved with GNPA at 2.3% in FY25, but unsecured retail loans saw elevated slippages led by private banks and higher write-offs

External spillovers likely to hit India's financial system: RBI report

Stress tests showed banks' gross NPA to rise under baseline scenario

International credit rating methods must evolve: FM Nirmala Sitharaman

FM Sitharaman says India's sovereign rating understates macro strength and urges reform in global rating criteria to unlock more private capital and lower financing costs

Fund Pick: Aditya Birla Sun Life outrunning rate hounds tactically

Nimble duration calls gave fund agility to sidestep rate shocks and seize yield pockets

China rolls over $3.4 billion of commercial loans to Pakistan: Report

Beijing rolled over $2.1 billion, which has been in Pakistan's central bank's reserves for the last three years, and refinanced another $1.3 billion commercial loan