Rupee slumps to all-time low of 92.18 per dollar; spike in crude oil and disruption of trade flows leads to prospects of inflation and current account deficit being impacted.
DFS Secretary M Nagaraju urges bank CEOs to reduce interest rates on business loans for small borrowers. What do bank chiefs think?
IDFC First Bank is all out to ‘get to the bottom of it’ and ‘no one will be spared’, says CEO V Vaidyanathan; the fraud is an isolated case and is confined to one client and one branch in Chandigarh.
AU Small Finance Bank starts internal probe and puts certain employees off duty until investigations after Haryana state de-empanels it from undertaking govt business.
RBI Governor Sanjay Malhotra assures that Rs 590-crore fraud at IDFC First Bank is not a “systemic issue”; says central bank is keeping a watch on the developments around it.
IDFC First Bank flags fraud at Chandigarh branch involving accounts linked to Haryana govt; among other measures, suspends four suspected officials and appoints KPMG to conduct forensic audit.
RBI issues final guidelines on acquisition financing, allowing domestic banks to fund up to 75% of deal value. Other rules include firms having minimum Rs 500 crore net worth.
SBI will soon formulate policy for M&A financing and get board nod, says Chairman CS Setty; banks to work together to fund large transaction deals.
Amended ECB framework expands eligible borrowers, rationalises borrowing limits and restricts average maturity period; also removes restrictions on cost of borrowing and reviews end-use restrictions.
Bain Capital will classify as a promoter and jointly control Manappuram Finance; if open offer sails through, its stake will go up to 41.66% and existing promoters will hold 28.9%.
RBI is tightening rules on way banks conduct loan recovery process from borrowers and use recovery agents.
Banks can lend to only listed REITs, running a minimum three years of operations and having a positive net distributable cash flows in the preceding two financial years, RBI said in its draft guidelines.
During April-September period of current fiscal, public sector banks recovered Rs 37,253 crore of bad loans.
Gross NPAs of private sector banks stood at Rs 1.34 lakh crore as on 30 September 2024, said MoS for Finance Pankaj Chaudhary; this as percentage of outstanding loan is 1.86% in private sector banks.
IndusInd Bank has not quite gathered the dirt of Yes Bank when it sank in 2020; bank’s fault line is currently restricted to discrepancies in forex derivatives accounting and not to spike in bad loans.
CRIF data shows high-ticket loans gain preference in FY25 amid rising stress in small borrowers, increased caution, evolving risks and broad-based moderation in credit growth.
Public sector banks account for Rs 58,330 crore of unclaimed deposits and Rs 8,673 cr is from private lenders; SBI tops list with Rs 19,329 cr.
Public sector banks have identified 1,629 corporate borrowers as wilful defaulters, owing loan dues of Rs 1.62 lakh crore as of 31 March 2025.
Public sector banks have written off a whopping Rs 12.08 lakh crore in the last nine fiscals; gross NPA ratio has dropped from 9.11% in FY21 to 2.58% in FY25.
SBI's retail loan book (sans home) has already reached Rs 7.26 lakh crore as of October against a target of Rs 7.70 lakh crore by the end of FY26, says CGM Sukhwinder Kaur; aims higher amid spike in gold and auto loans.