Banking system’s loan-to-deposit ratios hit an all-time high of 81% in the December quarter, signaling a widening gap between credit growth and deposit mobilization. Major lenders like HDFC Bank saw their LDRs approach 100%, prompting concerns about potential deposit rate hikes or limited scope for passing on RBI rate cuts.Read More

Reserve Bank of India Governor Sanjay Malhotra has called upon NBFCs and HFCs to bolster their underwriting practices and prioritize customer interests for sustained growth. This directive came during a crucial meeting with top executives from these financial institutions, emphasizing the need for robust sector confidence. The discussion also involved key industry bodies.Read More

Small Finance Banks (SFBs) emerged as the largest job creators in the Indian banking sector, with net hiring reaching a five-year high of 26,736 in FY25. This surge is driven by SFBs’ aggressive growth ambitions and plans to expand their balance sheets and distribution networks, particularly in semi-urban and rural areas, as they position themselves...Read More

Exim Bank is set to raise over $1 billion via a dual tranche global bond issue, featuring a landmark 30-year paper, the first for an Indian financial institution. The bank achieved record-low spreads over US benchmarks for both its 10-year and 30-year bonds, indicating strong investor demand.Read More

The Reserve Bank of India rejected all bids for its 8.30%, 2040 paper in its latest open market operation, while accepting the full ₹50,000 crore for other securities. Banks likely bid above market price for the rejected paper, seeking to book profits on illiquid securities. The central bank also has two more OMOs and a...Read More

The Payments Regulatory Board (PRB) convened its inaugural meeting in Mumbai, chaired by RBI Governor Sanjay Malhotra. This marks the operationalization of a new regulatory framework for payment systems. The board reviewed the functions of the RBI’s department of payment and settlement systems and identified key focus areas for both domestic and global payment systems.Read More

Sebi has approved IPOs for eight companies, including Indira IVF and Chartered Speed. Chartered Speed plans a ₹855 crore issue, while RKCPL aims for ₹1,250 crore. Several companies, like Indira IVF and Rays of Belief, utilized confidential filings for their IPOs.Read More

The Indian rupee fell another seven paise to close at 90.27 against the dollar on Monday, with experts anticipating further declines. This depreciation is attributed to a delayed US trade deal and reduced foreign investment in Mumbai equities. The Reserve Bank of India intervened to moderate volatility but not to reverse the trend.Read More

Indian benchmark indices hit fresh highs on Monday but failed to sustain gains, closing lower. The NSE Nifty ended down 0.3% and the BSE Sensex declined 0.4%, despite upbeat Asian markets. Profit-taking at higher levels and a decline in HDFC Bank contributed to the fall.Read More

Shares of the world’s top memory chip providers rose ‍on Monday as investors ​bet on further price gains due to ⁠a global supply crunch driven by surging demand for artificial-intelligence infrastructure.Read More