RBI study proposes daily financial conditions index to track market trends
Mumbai: In a bid to enhance real-time monitoring of the country’s financial health, a recent study by the Reserve Bank of India (RBI) has proposed the construction of a Financial Conditions Index (FCI) for India with daily frequency.

Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
FM Sitharaman asks public sector banks to monetise investments in subsidiaries via listing on bourses 
The Financial Express

Nirmala Sitharaman says ‘economic buoyancy can’t be overstated; else, we wouldn’t…’
Q: How difficult is it for a sovereign country like India to put up with President Donald Trump’s unilateral statement that the US will “open up” our economy, when the trade talks are just under way?

From new Aadhaar rule to revised bank charges: Major financial changes taking effect from July

Several major financial changes are set to take effect from next month, viz., July. The changes include mandatory Aadhaar vetting for fresh PAN applications, an extension of Income Tax Return (ITR) filing deadline, and revision of banking and credit card charges by a number of top banks. Here is a brief explanation of all the upcoming financial changes.

RBI “returns” NBFC application of P2P player LenDenClub amid industry woes

Responding to businessline queries, LenDenClub clarified that the RBI has “returned” the NBFC application of the company around a year back. “The company had applied for the license much before that (May 2024) and completed licensing requirement in 2023. However, the application was returned around a year back when the regulator was working on the overall structure of the sector and therefore this can be taken up at a later stage,” a LenDenClub spokesperson said.

Govt asks PSBs to monetise subsidiaries, push for IPOs of insurance, AMC, payments arms
 

Both MD & ED of Karnataka Bank resign late Sunday, ending speculations
Karnataka Bank MD & ED resign amid reported dispute with Board
The Financial Express

Srikrishnan H attends Karnataka Bank’s employees conference amidst reports of his resignation
 

IndusInd Bank shortlists 3names for top job ahead of RBI deadline
 

Standard Chartered Bank to act as settlement bank for CCIL subsidiary in GIFT City
 

Credit to Bengal MSMEs rises 7.5%, set to cross Rs 2 lakh crore in FY26
Credit disbursal by banks to micro, small and medium enterprises in Bengal is expected to touch around ₹2 lakh crore in 2025-26, growing 7.5 per cent over the previous year.

MF distribution industry moving towards consolidation: Misbah Baxamusa
 

Large American banks pass Fed's annual stress tests

Washington:  The Federal Reserve's annual bank stress test showed that large American banks are well-positioned to weather a severe recession, while staying above minimum capital requirements and continuing to lend to households and businesses, a statement from the US central bank said.