Microfinance sector AUM to grow 20% in FY27, gold loans and MSME lending to drive growth: Crisil Ratings Crisil expects MFI AUM to rise 20% in FY27, supported by growth in gold loans, MSME lending and improving microfinance… July 1, 2026 18:39 IST
Kotak Bank to acquire Deutsche’s India retail, wealth business Kotak Mahindra Bank will acquire Deutsche Bank’s retail, private banking, and wealth management business in India for Rs 282 crore,… June 30, 2026 18:44 IST
HDFC Bank board picks former CEC Rajiv Kumar as new part-time chairman The bank also confirmed that Kumar is not barred by Securities and Exchange Board of India or any other authority… Updated: June 29, 2026 22:45 IST
Fall in bond yield may trim banks’ treasury losses The fall in government bond yields is helping banks recover part of their Rs 30,000 crore treasury losses reported in… June 29, 2026 21:36 IST
Path clear for Jagdishan’s third term at HDFC Bank after law firms’ clean chit, says Jefferies Jefferies sees improved prospects for HDFC Bank MD & CEO Sashidhar Jagdishan securing a third term after positive legal reviews,… June 29, 2026 18:27 IST
‘Recast of retail book in 6-8 months,’ says Standard Chartered Bank’s P D Singh Standard Chartered Bank in India focuses on deepening relationships with affluent and wealth customers, emphasizing advisory-led services and cross-border banking… Updated: June 29, 2026 06:15 IST
Banks feel the squeeze as FCNR loan rates edge up Rising borrowing costs from the RBI’s FCNR(B) deposit scheme are pushing loan rates up amid fierce competition, with banks leveraging… Updated: June 29, 2026 05:06 IST
Smaller MFIs seek FinMin intervention as funding remains elusive Rs 20,000 crore credit guarantee scheme hasn’t taken off as banks continue to shy away. Updated: June 29, 2026 05:11 IST
Ex-chairman says HDFC review report ‘superfluous’ Former HDFC Bank Chairman Atanu Chakraborty has hit back at an independent legal review that cleared the private lender of… Updated: June 28, 2026 05:42 IST
Kotak Mahindra Bank MD Ashok Vaswani not to seek re-appointment; begins search for successor Kotak Mahindra Bank CEO Ashok Vaswani will step down after his current term, with the bank beginning the search for… June 27, 2026 17:35 IST
HDFC Bank gets clean chit from legal review An external legal review by Wilson Sonsini and Wadia Ghandy into allegations by former HDFC Bank Chairman Atanu Chakraborty found… June 27, 2026 00:12 IST
Smaller banks tap Indian lenders’ GIFT City branches for FCNR(B) leverage Smaller and mid-sized Indian banks are utilizing GIFT City hubs to tap into the RBI’s lucrative leverage-backed FCNR(B) deposit scheme… June 26, 2026 20:20 IST
RBI proposes to allow NBFCs in money market in liquidity push The Reserve Bank of India (RBI) has issued draft directions to expand the participant base in the term money market,… June 25, 2026 23:58 IST
RBI’s G-sec holding rises to 13-year high The Reserve Bank of India’s holdings of government securities surged to 17.6% by March-end after a record ₹8.56 lakh crore… June 25, 2026 19:30 IST
RBI proposes AI risk framework for banks The Reserve Bank of India has released a draft circular proposing a comprehensive risk management framework for AI and machine… June 25, 2026 01:39 IST
Supra Pacific targets 500 NBFC branches BSE-listed NBFC Supra Pacific Financial Services has announced an aggressive footprint expansion to 500 branches over three years, eyeing an… June 24, 2026 23:47 IST
Axis Bank sees over Rs 10,000 crore eligible under ECLGS 5.0 Axis Bank offers over Rs 10,000 crore credit facility under Emergency Credit Guarantee Scheme 5.0 to support MSMEs, processing Rs… June 23, 2026 22:39 IST
Household share of bank deposits fall; FCNR(B) push may aid mobilisation India’s household deposits fell to 59.3% in FY26 from 63.2% in FY19, as institutional and corporate deposits rose, indicating a… June 23, 2026 22:32 IST
FIFA explains controversial Jude Bellingham goal after Norway’s overhead wire protest in World Cup quarter-final
FIFA World Cup Golden Boot race: Mbappe, Messi level on eight goals; Bellingham, Kane still in contention
