RBI conducts Rs 8,450 crore state government securities auction; cut-off yields between 6.43% and 7.43%
Mumbai: The Reserve Bank of India (RBI) on Tuesday announced the results of its latest yield and price-based auction of State Government Securities (SGS), raising a total of Rs 8,450 crore from various states and Union Territories. The cut-off yields in the auction ranged from 6.4377 per cent to 7.43 per cent.

Nominee, survivorship clause can ease heirs' bank account, locker claims
 

Data Focus: Central Bank of India, Bank of Baroda have highest proportion of vacant posts among PSBs
Pune: Fresh manpower data as of June 30, 2025, reveal that several public sector banks (PSBs) are operating with significant staffing shortages. When measured as a share of total assessed manpower requirements, Central Bank of India emerges as the most understaffed, with 8.64 per cent of sanctioned posts lying vacant. Out of a requirement of 36,544 employees, the bank has 3,156 unfilled positions.

ICICI Bank’s bold move could encourage other private sector banks
ICICI Bank’s recent decision to raise the minimum average balance (MAB) for new savings accounts – by five times across segments – marks a significant shift in the retail banking strategy – focus on customer profitability. 

Sebi rejects Anil Ambani, Rana Kapoor settlement pleas in Yes Bank case
SEBI rejects Anil Ambani’s plea to settle charges in Yes Bank loan case: Report

Bank of Baroda launches global UPI features on bob इ Pay app
BoB upgrades its UPI app with international functionalities
The Hindu Business Line

Karnataka Bank Q1 profit falls 27% on lower income, higher provisions
A ₹292.40 crore, Karnataka Bank’s Q1 net down 27%
The Hindu Business Line

RBL Bank ties up with CAMS to launch digital payment gateway
 

Airtel Payments Bank Q1 net profit up 44.4% to ₹10.4 crore
 

After Microsoft data access row, now SBI halts Nayara Energy transactions over Russian link
 

Weaver services completes ₹-crore acquisition of capital India home loans
 

MFIs’ self-regulatory bodies seek credit guarantee fund
 

Microfinance sector seeks up to $2.2 bn credit guarantee support from govt
 

UPI most frequently used for paying groceries, restaurants bill: NPCI
Mumbai: Most Unified Payments Interface (UPI) transactions are conducted to pay for groceries, restaurants, mobile network bills, and bills at services stations, gaming apps, and cigarette shops, among others, according to National Payments Corporation of India (NPCI) data.

Money Expo 2025 set to take place in Mumbai on August 23-24
In less than two weeks, Money Expo India 2025, a renowned exhibition and conference for trading, investing, fintech, and digital financial services, will return to Mumbai.

Paytm Payments Services gets 'in-principle' nod from RBI to operate as online payment aggregator
RBI clears Paytm Payments Services to operate as online payment aggregator; lifts ban on new merchant onboarding
The Financial Express

Cash market turnover rises 38% in FY25
The growth in cash market turnover of exchanges slowed to 38.3% year-on-year in the fiscal ended March 31, 2025 to Rs 300 lakh crore, data from the annual report of Securities & Exchange Board of India showed Tuesday. 

MF roster swells to 50: 8 licences issued in 2 years, 8 more await Sebi nod
The MF player count, which hovered around 40 for over a decade, has risen to 50, with eight new licences issued in the past two years. The most recent entrants include JioBlackRock, The Wealth Company, and Choice.

Mutual fund sahi hai but hamesha safe nahi
The data from the Association of Mutual Funds in India (AMFI) indicates that the industry’s assets under management crossed the Rs 75 trillion mark. For the past five years, more than 2.5 million new folios (not new investors) were created every month. Over the past decade, one has witnessed a silent revolution in retail investing, as nearly 50 million investors have embraced mutual funds (MFs). Indians have shifted from the mindset of savings (bank accounts and fixed deposits) to wealth creation. This journey was aided by efforts made by AMFI, market regulator and policy-makers. 

Union MF plans NFO of all-cap active FoF
Hyderabad: Union Mutual Fund will be launching the Union Diversified Equity All Cap Active FOF September 1, 2025, to be closed in 15 days. “Many investors struggle with market timing, deciding how much to allocate to each cap segment, and managing tax implications when switching between funds. This Fund of Fund aims to address all these pain points while still offering the tax benefits of an equity fund,” said Madhu Nair, MD & CEO, Union Asset Management Company.

‘Selective pockets of comfort in stocks post correction,’ says Ganesh Mohan, CEO, Bajaj AMC
Ganesh Mohan, CEO, Bajaj AMC believes investor inteerst in index and exchange-traded funds will only increase, as financial literacy improves.  He tells Nesil Staney that ideally,  investors should start early with a diversified equity fund or a hybrid fund, stay consistent and keep increasing systematic investments (SIP). Excerpts:

HDFC Focused Fund vs SBI Focused Fund: A comparison for you
If you are looking to follow a high-conviction approach when investing in the Indian equity market, then focused funds may be a choice.

Talent density and family businesses making PE buyouts exciting: ChrysCapital’s Rajiv Batra
Bengaluru: India’s consumer industry is seeing more family-run businesses achieving scale, which is resulting in attractive buyout opportunities cropping up for private equity firms, a senior executive at ChrysCapital told Mint.

Non-residents can invest their surplus balances in Special Rupee Vostro Accounts in G-Secs
Mumbai: The Reserve Bank of India (RBI) has allowed non-residents maintaining a Special Rupee Vostro Account (SRVA) for international trade settlement in Indian Rupees to invest their surplus balance in this account in Central Government Securities (including Treasury Bills). This move comes in the wake of the central bank last week simplifying the procedure for opening SRVAs, whereby banks’ authorised to deal in foreign exchange (ADs) are no longer be required to seek prior central bank approval for opening SRVAs of correspondent foreign banks. .

Bond yield rises to 4-month high; OIS market discounts rate cut by Dec