Top Indian Banking Industry News & Updates - 10 April 2025,Thursday
🗎 RBI / MoF / Govt. Policies
More concerned about US tariffs impact on India’s growth: RBI Governor
The Reserve Bank of India is more concerned about the US government’s tariff impact on India’s growth than inflation, Governor Sanjay Malhotra said today in a post monetary policy committee (MPC) meeting press conference held here.
Edited excerpts:
RBI revises inflation estimates to 4%: Economists see room for deeper rate cut cycle
The Reserve Bank of India (RBI) on Wednesday lowered its inflation projection for FY26 to 4 per cent from 4.2 per cent estimated in February, taking into account good agricultural output and falling crude prices. The RBI’s Monetary Policy Committee (MPC) reviewed the economy’s performance in its policy meeting and flagged a sharp turnaround in food inflation trends as a key driver behind the improvement.
RBI draft guidelines on expanding co-lending framework to boost credit for MSMEs: Experts
The Reserve Bank of India (RBI) on Wednesday issued draft guidelines for co-lending arrangements (CLA) to broaden the scope of joint partnerships between banks and NBFCs for priority sector lending. The proposed guidelines seek to expand this collaboration to all regulated entities (REs) and all loan categories, effectively benefiting MSMEs with improved availability of credit.
RBI issues draft regulations for gold loans to boost transparency, protect consumers – Details inside
The Reserve Bank of India (RBI) has come out with draft directions on strengthening gold loan norms for banks and financial institutions.
RBI says uncertainty is anyway uncertain; let’s get growth
The Reserve Bank of India - RBI - has delivered more than what the market asked for. It not only gave a 25-basis points reduction in policy interest rate, but also shifted monetary stance to 'accommodative’, signalling a new path to push growth over global uncertainties.
Bank stocks fall up to 4% after RBI repo rate cut; gold loan NBFCs hit hard
RBI issues draft guidelines for gold loans; NBFC stocks fall
The Hindu Business Line
India's GDP growth faces risks from Trump tariff rude shock and RBI isn't mincing words
RBI adjusts economic projections amid global uncertainties, projects GDP at 6.5%
The Statesman
India's GDP growth faces risks from Trump tariff rude shock and RBI isn't mincing words
RBI adjusts economic projections amid global uncertainties, projects GDP at 6.5%
The Statesman
RBI MPC meeting at a glance: Your one-stop guide for all key decisions
From rate cut to gold loan guidelines, top 10 takeaways from RBI MPC meet that you need to know
The Financial Express
Looking at liquidity surplus of around 1% of deposits, RBI Governor Sanjay Malhotra says
Deposit rates to fall as RBI shifts stance to accommodative
The Financial Express
Economy needs support from govt, RBI: FM Sitharaman
While backing RBI's latest rate cut, FM said the Indian economy would require support from both the central bank and the ministry to maintain growth in the face of global uncertainties induced by the US tariff hikes. "The ministry has been keeping pace with certain policy decisions and also in the Budget, several announcements have been made to invigorate growth and now, therefore coming to this decision (rate cut) is absolutely welcome," Sitharaman said.
Co-lending to be extended to all forms of arrangements among lenders and all loans
The pilots for MuleHunter.AI have been successful, says Swaminathan
📝 RBI rate cut: Home, auto, & small business loan borrowers to benefit as banks lower interest rates
📝 Banking system safe, secure and robust, IndusInd crisis an episode and not failure: RBI Governor Sanjay Malhotra
📝 RBI Response to ADSEI Representation Is Morale Booster For Direct Selling Industry
📝 RBI MPC Meet: Key takeaways from governor Sanjay Malhotra’s address
📝 India better off than others in tariff row: RBI Governor
📝 RBI MPC policy: The rate is not for exchange, but to support growth
📝 RBI cuts rate by 25 bps, turns 'accommodative'
📝 RBI does not target any level or band for rupee-dollar rate, says Governor Malhotra
📝 'I am not Sanjay of Mahabharata': RBI governor on where repo rate will head amidst Trump's tariff wars
Read More >>
🏦 PSB / Pvt Banks
Indian Bank cuts repo-linked lending rate following RBI move
The move comes in response to the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decision on Wednesday to cut the repo rate by 25 basis points—from 6.25 per cent to 6.00 per cent.
Bank Holiday on Mahavir Jayanti: Banks will remain closed in these cities on April 10
Bank Holiday on Mahavir Jayanti 10th April 2025: Banks will remain closed in various Indian cities on Thursday for Mahavir Jayanti. There are a total of 16 bank holidays in the month of April — including weekends and city-specific occasions. Banks across the country will also remain closed on Saturday and Sunday this week as per the RBI calendar.
📝 RBI asks IndusInd Bank board to fix accountability over accounting lapses that shook investor trust
📝 Four PSU banks cut lending rate in line with RBI's policy, more to follow suit
📝 Asset valuer appointed for IDBI Bank; govt deliberating on share purchase pact: DIPAM secretary
📝 Deposit rate cuts likely, but timing hinges on liquidity and credit growth: Dinesh Kumar Khara
📝 Indian banks celebrate after Vijay Mallya’s appeal against bankruptcy dismissed; Mallya says he will get an annulment
Read More >>
🏦 Co-operative Banks / RRBs
Financials of urban co-operative banks' have been good: RBI Governor
Read More >>
🏦 Foreign Banks / FIIs / I-Banks
📝 RBI imposes Rs 3.2 lakh fine on Citibank
Read More >>
🏠 Housing Finance
📝 Home loan rates may go below 8 percent after repo rate cut
Read More >>
🏦 Development Banks
ADB revises India's FY26 growth forecast to 6.7% amid US tariff risks
“A major risk arises from US tariff levies on India’s and other countries’ exports, which could reduce trade and investment flows and potentially create volatility in the domestic financial market,” the report said.
Read More >>
🗎 NBFCs / FIs / MFI
Piramal Finance and ICICI Bank join hands for Co-lending partnership
Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Ltd.), a leading Non-Banking Financial Company (NBFC), has partnered with ICICI Bank to improve credit accessibility for middle and low-income borrowers, especially in rural and semi-urban regions, focusing on Home Loans and Loan Against Property. This collaboration strengthens Piramal Finance Limited's position in India's semi-urban regions, reinforcing its commitment for providing easy and affordable credit solutions to the borrowers.
Asset quality across MFIs improves, gradual recovery underway: Investec
📝 RBI plans new rules for gold loans; Manappuram, Muthoot Finance shares dive
📝 Gold loan NBFCs expect RBI's 25 bps repo rate cut to lift gold loan demand, business sentiment
📝 Sekhar Garisa appointed managing director at Claypond Capital
📝 REC Limited signs MoU with MMRDA
Read More >>
UPIs / Wallet / FinTech
NPCI can announce and revise Person-to-Person (P2P), Person-to-Merchant payments (P2M) limits
Mumbai: The National Payment Corporation of India (NPCI), in consultation with banks and other stakeholders of the UPI ecosystem, can announce and revise Person to Person (P2P) and Person to Merchant payments (P2M) limits based on evolving user needs, according to the RBI.
How India pays online: UPI leads with 65% share, EMIs make up 20%—in charts
India's digital payment ecosystem has transformed in the past few years, with the Unified Payments Interface (UPI) emerging as the most preferred way of payment. According to a report by omni-channel payment processing platform, Phi Commerce, UPI transactions accounted for a commanding 65% of all digital payment volumes in 2024.
Advent-backed Kreditbee flips back to India, to merge entities ahead of IPO
Advent International-backed lending startup KreditBee is merging its two India entities as it prepares for a local listing next year, two people with knowledge of the development said.
Fintechs welcome RBI’s move to revise UPI transaction limits
📝 From UPI transaction limit to gold loans: Six measures announced by RBI for banks, fintechs
📝 What purpose would increasing transaction limits on UPI serve?
📝 BharatPe Group arm gets payment aggregator licence from RBI
Read More >>
🧔 Brokers / Distributors
Nithin Kamath’s warning for traders amid market volatility – ‘Take a break, recharge’
Zerodha co-founder and CEO Nithin Kamath has issued a stark warning to traders amid the ongoing volatility in the Indian stock market. As of Wednesday, benchmark indices are trading lower, reflecting investor unease. The Sensex dropped by 371.39 points to 73,855.69, and the Nifty slipped 112.25 points to 22,423.60 — both registering a 0.5% decline.
Read More >>
Crypto
📝 Bitcoin soars 7% after Trump’s surprise 90-day tariff pause, crypto market follows suit
Read More >>
🗠 Mutual Funds / AMCs
Bonds are like lemon water, good in all seasons, says Kotak’s Lakshmi Iyer on the stability fixed income gives
When it comes to the bond market, India still has a long way to go compared to countries like the US and China. Corporate bonds make up a relatively small share, and retail participation is still limited. So, what are those issues holding back India’s bond market? Are they regulations, lack of awareness, or just investor habits? As the country looks ahead to the next phase of financial evolution, the role of bonds in capital formation and wealth creation will be critical.
Market correction halts MF asset gains; average AUM dips 1.7% in Q4
Assets under management (AUM) of MFs fell from ₹68.6 trillion in the previous quarter to ₹67.4 trillion in Q4FY25, a decline of 1.7 per cent. MF assets fluctuate on the basis of two key factors: net inflows and outflows and the mark-to-market impact of market movements on underlying assets.
DIPAM to urge mutual funds to include PSU stocks in their portfolios
📝 RBI did best to tackle Trump's unpredictable moves, says Nilesh Shah after rate cut
📝 Let RBI manage rupee; buy into mkt dip but don’t be in a hurry to deploy: Nilesh Shah
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 InCred Alternatives raises ₹575 crore at final close of maiden PE fund
📝 Sebi eases FPIs' disclosure norms; doubles assets threshold to Rs 50,000 cr
Read More >>
🗎 Govt. Securities / Bonds
Bond yields drop to 3-yr low following RBI's dovish monetary policy stance
📝 US bond rout leaves investors bruised despite Trump pause on tariffs
📝 Bond rout starting to sound market alarm bells
Read More >>
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