Global growth resilient despite risks; India GDP to top 7%: RBI MPC minutes
The global economic growth has remained resilient over the past year, even as persistent risks from geopolitical developments, trade tensions, policy uncertainty and economic fragmentation continue to cloud the outlook, said the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) minutes, citing Governor Sanjay Malhotra.

RBI flags concerns over rising gold volatility
Indian banks and NBFCs have begun tightening lending limits on gold loans after the Reserve Bank of India (RBI) flagged concerns over rising volatility in gold prices. Sources said the regulator has advised lenders to exercise caution in the gold loan segment. Institutions that earlier extended loans at higher loan-to-value (LTV) ratios of 70–72% have now scaled back to 60–65%, reflecting a more conservative stance.

'Present policy rate & stance well positioned for macroeconomic stability'
 

Rivals list, but Kotak resists: The case against subsidiary IPOs
Mumbai : Kotak Mahindra Bank Ltd sees little value in listing its subsidiaries and selling a stake to “foreigners” at present and would rather focus on building an enduring institution, said chief executive officer Ashok Vaswani, even as peers have taken their units public during India’s record IPO surge.

Diversified funding. It’s the non-banks’ time to shine
Credit sourcing by India’s industry, trade and commerce is undergoing a sea change. This development comes in the backdrop of the country’s GDP growth averaging about 8 per cent in the last 3-4 years. Non-traditional sources of funding are increasingly fuelling this growth. And this was brought out by RBI Governor Sanjay Malhotra in his August bi-monthly monetary policy statement.

SFIO meets IndusInd Bank officials to probe accounting discrepancies
The Serious Fraud Investigation Office (SFIO) met and interacted with IndusInd Bank officials and will send a written communication to the bank seeking details related to accounting discrepancies identified at the bank, the Hinduja-owned IndusInd Bank stated in a regulatory statement.

SBI’s home loan book set to cross Rs 10 lakh crore next fiscal, says Chairman CS Setty
State Bank of India (SBI), the country’s largest lender, is poised to achieve another milestone with its home loan portfolio expected to cross the Rs 10 lakh crore mark next fiscal year, driven by robust demand and a favourable low-interest-rate regime.

SBI to reassess residential construction finance policy, stresses accountability
State Bank of India (SBI) Chairman C S Setty on Saturday said that the bank will reassess its policy on construction finance for residential real estate, but stressed that accountability and transparency will be key factors in determining interest rates for such loans.

Liquidation of overseas JV: BoB, IoB and UBoI collectively receive $73.4 million
Mumbai: Bank of Baroda (BoB), Indian Overseas Bank (IoB) and Union Bank of India (UBoI) have received $29.39 million, $25.71 million and $18.36 million, respectively, from the liquidator towards the interim distribution of capital repatriation on account of Member’s Voluntary Liquidation (MVL) of India International Bank (Malaysia) Bhd (IIBMB).

South Indian Bank introduces RuPay SIB Paytag
Kochi: South Indian Bank has announced the launch of the RuPay Contactless SIB Paytag Sticker, NFC (Near Field Communication) enabled payment instrument designed to deliver a faster, secure and frictionless payment experience to customers. The compact NFC enabled sticker can be conveniently affixed to personal accessories such as mobile phones, wallets or cardholders, enabling customers to make quick tap-and-pay transactions at contactless Point-of-Sale (POS) terminals without the need to carry a physical debit card.

My goal is to build a younger, leaner, hungrier kind of Kotak: Ashok Vaswani
As January approaches, Ashok Vaswani will begin his third year as managing director and chief executive officer (CEO) of Kotak Mahindra Bank Ltd. Soon after Vaswani joined the bank, it had to start untangling itself for regulatory crosshairs. Since then, the RBI-imposed embargo on enlisting more digital customers has been lifted, it has made a couple of acquisitions, and is now in the race to acquire a big one, but Vaswani unsurprisingly sidesteps talk of IDBI Bank. The presence of Uday Kotak, the promoter, on the board has helped him cushion the impact of the superannuations/resignations of a few senior colleagues, with Vaswani saying his ‘goal is to build a younger, leaner, hungrier kind of Kotak.’

'Valuations already elevated, so large multiple expansion hard to justify'
 

Shriram Finance: MUFG could soon be in driver's seat
Shriram Finance Ltd stock, already trading at a lifetime high, gained another 3.7% on Friday to ₹902 after it announced MUFG Bank Ltd will buy 471 million shares at ₹840 per share in the company through a preferential allotment. The transaction gives MUFG a 20% stake.

Shriram Capital’s bank license aspirations get a boost with MUFG backing
Mumbai: With the supportof Japan’s largest banking group MUFG, which is investing ₹39,618 crore in Shriram Finance, the non-banking finance company’s (NBFC) prospects of getting a universal bank license have brightened. In 2013, Chennai-based Shriram Group, through Shriram Capital, threw its hat in the ring for a bank license along with 25 other entities. However, the Reserve Bank of India (RBI) then granted a universal banking license to only two applicants — IDFC and Bandhan Financial Services. After a long hiatus, the central bank, in August 2025, issued an in-principle approval to AU Small Finance Bank to convert into a universal bank.

India’s financial services companies see record FDI flowing in
Mumbai: India’s financial services companies including banks and non-banking finance companies (NBFCs) have seen record foreign direct investment (FDI) flowing in the current calendar year. businessline takes a re-look at some of the largest deals in 2025:

Pre-IPO is treated very clearly as a high-risk allocation: JM Financial Services’ Anuj Kapoor
While interest in pre-IPO investments remains, wealth managers say the market has turned more disciplined after uneven listing outcomes. “What we are seeing now is much more selective interest and a lot more focus on price,” Anuj Kapoor, Managing Director & CEO – Private Wealth, JM Financial Services Ltd, told businessline. The firm, he said, is being “very vigilant with retail investors” as many do not fully understand the liquidity, pricing and timeline risks involved in pre-IPO investments.

Why mutual funds need ambition to expand
There is a tendency in the mutual fund industry to measure performance based on assets under management. The AUM of the industry has grown to Rs 80 lakh crore in no time, gloat most mutual fund executives. It is not a small achievement. A year ago, it was just Rs 63 lakh crore, according to the industry data. It was merely Rs 30 lakh crore five years ago.

‘Rs 1 trillion target is audacious but we are pushing ourselves hard to achieve this’, Ravi Kumar Jha, Chief Executive of LIC MF
LIC Mutual Fund, which despite having the huge financial strength, brand salience and reach of its parents LIC and Nomura of Japan, has been struggling for long to make to the big league, is on an aggressive growth path. Ravi Kumar Jha, chief executive of LIC MF, tells TNIE’s Benn Kochuveedan that by the end of the current fiscal the fund house is eyeing an asset under management (AUM) of `1 lakh crore but would be perfectly happy if they touch `75,000-80,000 crore.