The Hindu Businessline News

Deals signal that global banks are increasingly prefer partnering with or acquiring scaled, well-governed NBFC platforms rather than pursuing capital-intensive and time-consuming greenfield banking licences in India.

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

Moratorium helped the industry manage cash flow by deferring payments, converting interest and increasing credit flexibility, besides preventing defaults and bring stability in the sector

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.

Among the major changes brought about by the Bill are empowerment of IRDAI to cap the commission to be given to the agent, disgorging wrongful gain from the insurer or insurance intermediaries

The OFS is set to take place over two days - Dec 17 and 18, 2025.

By facilitating the inflow of stable, long-term foreign capital, the amendments are expected to strengthen insurers financial capacity

As the Reserve Bank of India raises concerns over the risks and implications of stablecoins, we delve into their unique characteristics compared to traditional cryptocurrencies like Bitcoin, and explores the central banks rationale for opposing their integration into the Indian financial system

The move reflects a broader push by fintech and crypto companies to seek bank charters to expand their business

Bitcoin fell as much as 3.3% to $85,5787 on Monday, and is down around 30% from its record high of more than $126,000

The bank said the RBI has granted permission to HDFC Bank, as the promoter and sponsor of various group companies, to acquire an aggregate holding of up to 9.50% of the paid-up share capital or voting rights in IndusInd Bank

The revamped Yono app, which works across mobile, tablet and desktop platforms, is aimed at competing with payment majors such as Google Pay and PhonePe

SBIs board is led by the Chairman and supported by four managing directors overseeing the banks key verticals.

This suggests that banks currently do not see a pressing need to draw additional liquidity through longer-tenor VRR operations, as systemic liquidity remains comfortable at over 2 trillion

The Bank has accepted his resignation and relieved him from his duties with effect from close of business hours on Monday

The company has launched a new insurance product, Galaxy Twin 360, a health insurance programme for young adults aged 1845 years

In talks with MUFG, Sanlam Group, Abu Dabhi Investment Authority, Temasek and other investors

The platform will enable the bank to centrally manage and update communication templates and implement changes consistently across its network.

As the Reserve Bank of India prepares for its $5 billion dollar-rupee swap auction, soaring hedging costs are anticipated to dampen corporate enthusiasm

Aims to reach smaller cities and onboard 50,000 additional business partners

Headline inflation appears to have bottomed out in October but is expected to remain well below the RBIs 4% target for the rest of the year