IndusInd Bank reported a mixed performance in its Q4 FY25 business update, with loan growth showing modest gains on a yearly basis but declining sequentially. Net advances stood at ₹3.47 lakh crore, up 1.4% YoY but down 5.2% QoQ, weighed down by a 15.1% QoQ drop in corporate banking loans. In contrast, the consumer banking […]
SEBI issues warning to IIFL Capital regarding due diligence in debt issues – CNBC TV18
Markets regulator SEBI has issued a warning to IIFL Capital Services regarding due diligence in debt issues handled by the company’s merchant banking division. In a disclosure to stock exchanges, IIFL Capital said the Securities and Exchange Board of India (SEBI) has issued an administrative warning letter dated March 7, 2025. The regulator conducted an […]
RBL Bank strengthens leadership with key senior appointments – CNBC TV18
RBL Bank has reshuffled its leadership team, appointing Narendra Agrawal as President & Head of Branch Banking and Retail Liabilities and T.S. Pari as Chief Operations Officer (COO). The move comes as the lender looks to strengthen its retail banking franchise and streamline operations. Agrawal, who brings over 25 years of experience in deposits, lending, […]
TCS extends partnership with Norway’s DNB Bank for five years – CNBC TV18
Tata Consultancy Services (TCS) has extended its partnership with Norway’s largest financial services group, DNB Bank ASA, for another five years. Under the renewed agreement, the Mumbai-based IT major will continue as the Norwegian bank’s strategic partner, supporting its digital modernisation drive while improving cost efficiency. TCS will leverage next-generation technologies to enhance DNB’s modernisation […]
Ujjivan SFB board approves sale of ₹364 cr NPA and written-off loans to ARC – CNBC TV18
Ujjivan Small Finance Bank (SFB) has approved the sale of a ₹364.51 crore micro banking loan pool, consisting of ₹294.51 crore in non-performing assets (NPAs) and ₹70 crore in technically written-off loans, to an Asset Reconstruction Company (ARC). Company Value Change %Change The decision, approved by the bank’s authorised board committee, is aimed at strengthening […]
RBI to close these types of bank accounts from today – CNBC TV18
Starting January 1, 2025, the Reserve Bank of India (RBI) has implemented new guidelines that will result in the closure of specific types of bank accounts. The initiative aims to enhance banking security, improve efficiency, and reduce risks associated with inactive accounts. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense […]
NARCL acquires ₹95,711 crore accounts; Govt stresses faster NCLT resolutions – CNBC TV18
The Secretary of the Department of Financial Services (DFS), M. Nagaraju, chaired review meetings today with stakeholders, including representatives from Public Sector Banks, the Insolvency and Bankruptcy Board of India (IBBI), the Ministry of Corporate Affairs (MCA), and the National Asset Reconstruction Company Limited (NARCL). Company Value Change %Change The meetings focused on enhancing the […]
From hybrid funds to smart beta: Key mutual fund trends to watch in 2025 – CNBC TV18
As the mutual fund landscape evolves, 2025 is set to bring shifts in investor preferences and emerging opportunities. Niranjan Avasthi, Senior Vice President and Head of Product, Marketing, and Digital at Edelweiss Mutual Fund, has highlighted key trends shaping the sector and offered insights into what investors can expect in the coming year. Diversification takes […]
Will the 50 bps CRR cut drive banks to reduce deposit interest rates? – CNBC TV18
The recent decision by the Reserve Bank of India (RBI) to reduce the cash reserve ratio (CRR) by 50 basis points (bps) has sparked a debate on its potential impact on deposit rates. The CRR cut, intended to address growth concerns, has been seen as a balancing act by the RBI. Company Value Change %Change […]
RDAI’s bancassurance limits idea — why it is a much needed wake-up call – CNBC TV18
The usual conundrum of regulators on how to develop and grow their sector is much more stark for the Indian insurance regulator — IRDAI. Regulation, at its best, is the art of balancing innovation with integrity — a craft that thrives on long term focus, demands trust, and dares to disrupt itself to maintain its […]