The Hindu Businessline

During the quarter, MUFG Bank, the Japanese banking giant and subsidiary of Mitsubishi UFJ Financial Group, completed its acquisition of a 20 per cent equity stake in Shriram Finance

Paytms Q1 FY27 revenue reached 24.5 billion, a 28% year-on-year and 8% sequential increase; Net profit rose 79% year-on-year to 2.2 billion

State-run Canara Bank was the last lender to tap the market, raising 3,500 crore through Basel III-compliant additional Tier I perpetual bonds at a 7.55 per cent coupon in November 2025

The United Arab Emirates largest lender is targeting customers based in West Asia and is in talks with banks in India that could issue standby letters of credit to back the financing

Indias MSME Ministry unveiled an enhanced Credit Guarantee Scheme, boosting collateral-free loans to aid micro and small enterprises, fostering growth and innovation across the country

Largest such issue by an Indian lender in nearly 14 years; attracts $3 billion in bids

The rupee was around 96.70 per dollar in the interbank system at 08:55 a.m. IST, above its all-time low of 96.96 reached in May

NPCI is targeting a launch around the Global Fintech Fest later this year as it looks to make UPI payments as seamless as tokenised card transactions, particularly amid the expected entry of Apple Pay into India

Q1 Results Today Highlights July 23, 2026: Follow businessline for more

Thakur noted that about two decades ago, SCB began as a community credit society and later became an urban co-operative bank with a business size of roughly 4,000 crore

Net interest income rose 28 per cent y-o-y to Rs 316 crore (Rs 247 crore)

The Hub will serve as a collaborative platform for research, innovation, incubation, and acceleration of next-generation financial technologies

Rajesh brings more than two decades of experience in financial services and technology

The certification enables Hyderabad-based Viyona to offer BBPS-powered bill payment services across utilities, telecom, insurance, loan EMIs, education fees and other categories

The stock hit an intraday low of 1,000.60 on the NSE, down 6.4 per cent.

The lender is expected to raise at least $500 million through this issue and has provided guidance of a spread of 130 basis points over the corresponding US Treasury yield

This initiative aims to provide non-resident Indian (NRI) customers with access to leverage, enabling them to place higher deposits with tenors of 3-5 years.

Despite modest growth in net interest income and continued pressure on margins, IndusInd Bank expects net interest margins to improve in the second half of FY27, with loan growth matching industry trends

With interest rates in the bond market tightening, corporates tapped banks for credit in a big way in the first three months of current

The banks net interest income rose to 2808.26 crore from 1403.23 crore for the corresponding period last fiscal.

Equity MF average AUM grew 22 per cent YoY to 3.51 lakh crore

Proposed framework could reduce delays in implementing FDI reforms while changing how downstream investments and shareholder rights are assessed, experts said

Insurance Brokers Association of India (IBAI) celebrates 25 years of contribution to the insurance industry this week

Customers can choose between immediate and deferred annuity options, with deferment of up to 15 years

Aye Finance shares fall despite strong quarterly results

Total income rises to 1,516 crore from 1,286 crore a year ago

TVS Credit reported a total Income of 1,918 crores for Q1 FY27, a growth of 13% from Q1 FY26, and a net profit of 208 crores for Q1 FY27, a growth of 15% compared to the same period last year

MGC is backed by global and multilateral institutions, including Enact Holdings, Sagen, International Finance Corporation, Asian Development Bank and National Housing Bank

Nomura maintains a neutral rating with a target price of 190

ABCL's percentage shareholding in ABHI remains unchanged at 45.89% following the transaction

Q1 Results Today, 22nd July 2026: Follow our Q1 live updates here

The move allows eligible firms to apply at any time to manage assets under the National Pension System and Unified Pension Scheme

TFCIs gross NPA ratio rose marginally to 0.41 per cent, while net NPAs remained nil due to full provisioning

Disbursements increased 22% to 15,564 crore from 12,808 crore a year earlierMahindra Finances profit surged 70 per cent to 899 crore in the first quarter as AUM grew 13 per cent to 1.37 lakh crore, with Chairman Anish Shahs FY26 message highlighting the tighter risk controls, digital transformation and diversification strategy supporting the companys next phase of growth.

During the first quarter this fiscal, the banks NII rose 5.92% y-o-y at 2,920.58 crore from 2,757.24 crore for the corresponding period last fiscal

Bank outlines long-term strategy to expand its total business mix to 4 lakh crore by FY29

Punjab National Bank plans to enter the acquisition finance business from Q3 FY27, following the RBIs new regulatory framework

Passive fund AUM has grown over two times to 1.23 lakh crore against 5,300 crore.

The company expects to close the transaction by September 30

Retail health premiums surge 33%; Motor insurance also gains pace with 14% growth; fire insurance continues to weigh on industry performance, with premiums declining 23%

Galaxy Card offers 5% cash back on Samsung purchases; signals broader fintech push

National Anti-Fraud Unit under AB PM-JAY imposes penalties worth 114.06 crore on hospitals, report says

Among Banks, State Bank of India and Punjab National Bank have reportedly seen fresh inflows of about $1.90 billion and $425 million via fresh FCNR (B) deposits

Markets reaction reflects concerns over NIM compression but the bank has long-term levers for margin expansion

Profits were driven by a 32% growth in net interest income

The bank has set a target of raising around $1 billion across both FCNR (B) deposits and Overseas Foreign Currency Borrowings (OFCBs) by September

Kharbanda emphasised the companys aim to diversify and strengthen their distribution further in India

Introduced to boost capital inflows and strengthen Indias external sector, the RBIs swap facility remains open until September 30 for FCNR(B) deposits and December 31 for OFCBs and ECBs

The move follows Scapias recent $63 million fundraise and underscores its focus on rewarding employees while expanding its AI-driven travel platform