The Hindu Businessline News

Outsized moves in the forward market intensified over the last week as the dollar glut collided with regulatory and balance-sheet constraints, leading to a spike in premiums

MUFGs Yasushi Itagaki credits shared vision with Shriram Finance for Indias largest FDI in the BFSI sector

The project focuses on sustainable agriculture, crop diversification, and women-led livelihood enhancement

Non-bank funding to the commercial sector rises to 45%, highlighting strong growth in financial resources during FY2026.

The new directions aim to address customer grievances arising from inconsistent practices and restrictive clauses in loan agreements, particularly affecting MSEs

In conversation with Parag Sharma, MD and CEO, Shriram Finance, on the MUFG Bank deal,

Says decision on bank conversion rests with Shriram Finance board, not MUFG

The capital will enable Dugar Finance to enter new geographies, deepen distribution in underserved regional markets, and further strengthen its analytics-driven credit and risk capabilities

This new product is designed to democratize access to credit across Bharat, enabling both consumers and merchants to manage their financial needs with ease

New act amends three existing acts: Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and the Insurance Regulatory and Development Authority Act, 1999

Experts say SFLs promoter group, comprising Shriram Capital, Shriram Value Services and Sanlam Life Insurance, among others, with support from strategic investor MUFG Bank may give bank license a shot in 3-4 years

The compact NFC sticker easily attaches to mobile phones, wallets, or cardholders, allowing quick tap-and-pay transactions at contactless POS terminals without a physical debit card

Further easing seen only if inflation undershoots projections consistently

SBIs home loan portfolio crossed 9 lakh crore mark last month, making it the biggest mortgage loan provider in the country

The three public sector banks had a three-way partnership in IIBMB, with BoB, IoB and UBoI holding 40%, 35% and 25% stake, respectively

The Monetary Policy Committee has also decided to continue with the neutral stance.

At present, the deposit insurance coverage is limited to 5 lakh per depositor of each insured bank. Deposit insurance cover increased from 1 lakh to 5 lakh with effect from February 4, 2020.

Shriram Life Insurance contributed 12.68 crore to Piramal Finances FY25 revenue, accounting for just 0.12% of total income.

Between January and September 2025, mergers and acquisitions worth $8 billion had concluded across the financial sector, a 127% increase over the same period last year

The partnership aims to enhance SFLs capital adequacy, strengthen its balance sheet, and align governance with global best practices

The deal comes close on the heels of Emirates NBD Banks $3 billion investment for a 60% stake in RBL Bank in November

The bank said these matters were reported to the SFIO on June 2, 2025, in compliance with RBIs July 2024 fraud risk management directions, which mandate reporting of suspected frauds above 1 crore

The RBI said the restrictions are aimed at protecting depositors interests following insufficient corrective action by the banks management.

Currently, 28 RRBs operate more than 22,000 branches across over 700 districts.

Operational workflows need to be strengthened for portability and user ownership of their information, RBI Governor Malhotra said

LIC noted that the Bill addresses the need for a modern, flexible, and inclusive regulatory architecture aligned with the countrys long-term development priorities.

We want to grow without cashback led activity, but organically, says Co-founder

The company expanded its presence to around 50 EB branches in a phased manner over 3 years, it said in a release

According to the RBI, the Government of India has notified the sale (re-issue) of two Government Securities through an auction scheduled for tomorrow

Strengthens commitment to Governments Housing for All and PMAY-U 2.0 agenda

For much of the past year, that selling was absorbed by a surge of demand from newly launched exchange-traded funds and crypto investment firms

The series will enable people to reliably identify legitimate calls originating from such regulated entities, says TRAI

The engagement will focus on consolidating IT services, simplifying the vendor landscape and improving efficiency across enterprise applications.

India has given Belgium assurances on Choksis safety, trial and medical care.

The curbs, effective from the close of business on December 16, bar the bank from granting loans, making investments or disbursing payments without prior RBI approval.

Tewari started his career in the SBI as a probationary officer in 1991 and was elevated as the MD in January 2021 for three years. Earlier, his tenure was extended by two years in 2024 till Jan 2026

The card enables users to pay at millions of offline merchants or in apps and earn and redeem reward points instantly

ERD officials emphasised that while the rupee is the most depreciated currency, it is not the most volatile.

CS Setty, chairman at State Bank of India (SBI), says the shift from unsecured to secured loan has definitely happened, contributed partly because of rising gold prices.

Shares of Shriram Finance ended trading 2 per cent higher at 854 apiece on the BSE today

To weigh converting into a Bank once the AUM reaches 50,000 crore

Bank of Barodas IFSC Banking Unit is a critical pillar of the Banks international footprint and its third-largest branch outside India, having a diversified portfolio spanning syndicated credit, retail banking, and trade finance

Malhotra said the RBI's economic forecast had not taken into account the potential effect of trade agreements currently under negotiation,

The shortage, the association said, is forcing people to buy small notes at a premium from illegal vendors, highlighting gaps in currency management despite growing digital adoption.