Page 2 - Financial Sector

Household debt up, but India still lags emerging-market economies: RBI

India's household debt remains below emerging market peers, with non-housing retail loans forming the bulk of borrowings, RBI says in its Financial Stability Report

Obituary: Remembering Dr Radhika Pandey (Dec 18, 1978 - June 28, 2025)

Some of her main research contributions were on household consumption behaviour, analysis of business cycles, the inflation targeting framework and regulation of the financial sector

HDB Financial Services gets Sebi approval for ₹12,500 crore IPO

HDB's IPO, the largest by an NBFC and fifth-largest overall, receives Sebi approval and is set to meet RBI's listing deadline for upper-layer NBFCs

RBI to prepare framework for ethical adoption of AI in financial sector

The Reserve Bank will prepare a framework for responsible and ethical adoption of artificial intelligence (AI) in the financial sector during the current financial year, the central bank's annual report said. Driven by rapid advances in computing power and the vast availability of digital data, AI and machine learning (ML) technologies have seen growing interest and significant progress in recent years, with financial institutions globally and domestically increasingly adopting these technologies. The Reserve Bank will prepare a framework for responsible and ethical adoption of AI in the financial sector, as per the agenda for 2025-26 spelt in the RBI's annual report for 2024-25. "The Reserve Bank is exploring and implementing AI/ML-driven solutions in its own functions," it said. It has constituted an external committee in December 2024, comprising experts with a mandate to recommend a Framework for Responsible and Ethical Enablement of AI in the financial sector. The Reserve Ban

Are we on the cusp of an insurance revolution transforming India?

The stage is set - not just for incremental growth, but for a structural leap that can redefine how insurance is accessed, delivered and experienced across India

Motilal Oswal Financial Services logs ₹63 cr loss in Q4; revenue drops 44%

The financial firm's total revenue from operations also declined by 44 per cent year-on-year (Y-o-Y) to Rs 1190 crore in the quarter ending March

India to be 6th largest insurance market by 2032, says FM Sitharaman

Sitharaman in a tweet highlighted decriminalisation and reduction in compliance burden for businesses and individuals among reforms undertaken by the government in the last ten years

RBI is architect of India's financial transformation: President Murmu

Central bank has ensured financial system's resilience in 'face of any adverse international trends'

Sebi extends RPT disclosure deadline by 3 months, now effective from July 1

The decision follows feedback from stakeholders requesting more time to adapt to the Industry Standards

Shapoorji Pallonji Group in final lap to raise nearly Rs 28,600 crore debt

Over a dozen investors keen on buying the bonds that may be backed by the group's stake in Tata Sons

Carnelian Asset targets $2 bn AUM by FY26, plans expansion in 7 cities

Carnelian Asset Management & Advisors aims to increase its asset under management (AUM) to USD 2 billion by March next financial year, notwithstanding the current subdued market sentiment. The entity, which manages funds of high networth individuals, also plans to expand its reach in seven new cities during the next financial year. "We hope to touch AUM of USD 1.2 billion by this month end and USD 2 billion by the end of next financial year," Carnelian Asset Management & Advisors founder Swati Khemani told PTI. Asked if the subdued market sentiment has impacted fund flow, she said, most of the investors feel that this is a temporary phenomenon and it should be corrected during the course of next financial year. Most investors of Portfolio Management Services and Alternate Investment Funds are having deep pockets and their investment horizon is medium to long-term. To attract overseas money, Khemani said, Carnelian Asset Management & Advisors has set up an office in GIFT ...

CLSA lowers target price for IndusInd Bank to Rs 900 but sees 34% upside

Near term fraught with uncertainty but if history is a guide fundamentals could drive a recovery, says the brokerage

RBI warns of excessive unsecured loans, euphoria over derivative products

RBI deputy governor M Rajeshwar Rao emphasises on meaning engagement beyond account opening

Overall bank exposure to NBFCs moderates, but remain primary source

Overall bank exposure to NBFCs as share of total bank credit declined in 2023-24, which bodes well for overall financial stability, according to the Reserve Bank of India

Gen AI's integration with financial sector to foster innovation: SBI chief

The increasing integration of Artificial Intelligence and Gen AI with the financial sector has the potential to foster innovation and transform the banking sector in the coming years, SBI Chairman C S Setty said on Friday. Setty also said the rising digital economy and its influence on the Indian banking sector can be gauged from the range of digital products that the banks offer today. "The growing interest in Artificial Intelligence, Gen AI and its integration into financial sector has the potential to drive further advancements, fostering innovation, efficiency and resilience for benefit of the financial sector... There is a continuing need for the banks to strengthen their risk management standards, business arrangement and customer onboarding to check unscrupulous activities," Setty said at an event organised by The Institute of Chartered Accountants of India (ICAI). Further, he said with the advent of technology-based banking products and the growing use of these products by .

What lies ahead for banking and financial sector in the Year of the Snake?

Will we see a new trend with the sector shedding its skin and transforming itself? Or, will the theme of the year remain continuity with change?

Rural roots, digital wings: The new trajectory for India's financial sector

With the right blend of policy support, technological advancements and customer-centric strategies, India's financial sector is ready to play a pivotal role in the nation's journey toward sustainable

Looking ahead: Financial sector braces for leadership changes in 2025

Two public sector banks, Punjab National Bank (PNB) and Indian Bank, will welcome new leaders at the start of the year as their current incumbents retire on December 31, 2024

India's economic revolution of 1991: Manmohan Singh's lasting legacy

India's financial sector, dominated by public sector banks in 1991, had been long repressed by rigid controls on interest rate

Max Life rebrands to Axis Max Life Insurance after regulatory approval

Earlier this year, Axis Bank's board of directors approved the proposal to acquire Max Life shares