Deposit and credit growth pick up pace in banks
Mumbai: There has been a reversal in the flow of Bank deposits, which grew by a robust ₹2,29,244 crore in the latest fortnight ended March 7, 2025. Deposits had seen de-growth by ₹43,339 crore in the previous fortnight.

RBI’s central board assesses the emerging global and domestic economic landscape
Mumbai: The Reserve Bank of India’s Central Board of Directors on Friday assessed the emerging global and domestic economic landscape, including the evolving geopolitical and financial market developments and associated challenges. Further, the Board, which met in Thiruvananthapuram under the Chairmanship of Governor Sanjay Malhotra, discussed the Reserve Bank’s activities during the current accounting year 2024-25. The Board also approved the bank’s budget for the accounting year 2025-26.

RBI imposes penalty on Citibank, IDBI Bank
RBI imposes penalty of Rs 36 lakh on IDBI Bank and Citibank
The Financial Express

India faces limited impact from US trade policies, but risks remain: UBI Report
The RBI and government have taken proactive steps to navigate these uncertainties, ensuring India's economic momentum despite external challenges. However, much will depend on how trade negotiations between India and the US unfold in the coming months.

ICICI Bank may attract $450-million inflows post FTSE, MSCI rejig
ICICI Bank is expected to attract cumulative inflows of $450 million, with its weightage increasing in the FTSE and MSCI indices, according to Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research.

Bank unions defer nationwide strike after assurance from government, IBA on key demands
Bank unions have deferred their two-day nationwide strike, originally scheduled for March 24-25, following positive assurances from the finance ministry and the Indian Banks’ Association (IBA) on key demands. These include implementing a five-day work week and ensuring adequate recruitment across all cadres.

I take great pride in building an enjoyable workplace' : Shyam Srinivasan, Federal Bank

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IndusInd Bank to appoint independent firm to investigate cause of discrepancies in derivative portfolio
 

Barclays says half of its private credit deals in India are worth over $100 mn
Private credit funding, in which lenders and borrowers directly negotiate financing without engaging an intermediary, is increasing in size and complexity, as companies look to diversify their source of funding, Pramod Kumar, chief executive officer and head of investment banking - India at Barclays Plc.

NABARD Chairman meets Telangana CM
 

Manappuram hits record high after Bain’s stake-buy announcement
Share price of Manappuram Finance rallied over 13% on the NSE on Friday, a day after global private equity firm Bain Capital announced a ₹4,385-crore investment to acquire an 18% stake and joint control in the company via an open offer.

Tata Capital ropes in 10 investment banks for Rs 15,000-crore mega IPO
New Delhi : Tata Capital, the financial services arm of Tata Sons, has appointed around 10 investment banks to manage its initial public offering (IPO), which is scheduled this year, it has been announced.

Bajaj Finance announces leadership changes, shares rise 2%
Mumbai: The shares of Bajaj Finance Limited were trading at ₹8,885.80 up by ₹206.15 or 2.38 per cent in the NSE today at 10.30 am. Bajaj Finance Limited announced significant leadership changes yesterday, with Rajeev Jain set to be elevated to Vice Chairman while Anup Kumar Saha will take over as Managing Director, effective April 1, 2025. According to a regulatory filing dated March 20, 2025, the company’s Board of Directors approved these changes based on recommendations from the Nomination and Remuneration Committee. Both appointments are subject to shareholder approval.

Nisus Finance Services logs first exit in RESO Fund

The NCDs were fully redeemed by SPRE using internal accruals and capitalisation. The exit delivered an Internal Rate of Return of 18.74 per cent.

Avail a Gold Loan of up to Rs. 2 crore at attractive interest rates during the Bajaj Finserv loan fest
 

Tata Capital gears up for mega IPO, ropes in about 10 investment banks
 

UPI services won’t be available for inactive or reassigned to new users from April 1 – Here’s why
In a major update for UPI users, the National Payments Corporation of India (NPCI) has said that the Unified Payments Interface (UPI) services will not work on numbers that are inactive or reassigned to new users. The new regulations will be effective from April 1, 2025.

AdvaRisk launches AI-powered collateral management for banks, NBFCs
 

RBI rate cut imperative on ‘mediocre growth, low CPI inflation, high real rates’, says BofA Securities
The February retail inflation, based on the Consumer Price Index (CPI) dropping to a seven-month low of 3.61 per cent, has materially raised the imperative to cut policy rates further. The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) started the rate cutting cycle this February and according to economists, it will carry on in April, with some forward guidance, giving assurance that monetary policy will focus on reviving growth momentum, while keeping headline inflation within its tolerance band of 2-6 per cent. Rahul Bajoria, Head of India and ASEAN Economic Research, BofA Securities, said, “With mediocre growth, low CPI inflation and increasingly high real rates, the imperative to cut policy rates has risen materially.” 

Nithin Kamath claims Zerodha’s Zero brokerage helped investors save Rs 20,000 crore
Investors saved around Rs 2,000 crore to Rs 20,000 crore as Zerodha waived brokerage charges for equity delivery. In a post on X (formerly Twitter), Nithin Kamath, Founder & CEO of Zerodha, said that the company for the first time decided to charge zero brokerage in December 2015.

IDFC FIRST Bank introduces “Ace” feature on its mobile app to provide 2500 plus MF options
Mumbai: IDFC FIRST Bank said it has incorporated an “Ace” feature on its mobile banking app that will provide details on more than 2500 mutual funds. This is aimed at promoting ‘do-it-yourself’ investing among its customers. The private sector bank’s customers can browse through various fund categories (like Equity, Debt, Tax-Saving, Hybrid, and Index funds) and choose the right need-based fund to build a diversified portfolio, per the Bank’s statement. They can also access detailed information – like historical fund performance (1Y, 3Y & 5Y), holding patterns (by sectors, companies, and market cap), and expert ratings on each fund (Morningstar Rating).

Credit risk funds: Evaluate if incremental return justifies the risk
Credit risk funds have delivered a category average return of 9.30 per cent over the past year, which makes them one of the top-performing debt fund categories. However, investors must assess whether the additional return justifies the higher risk these funds carry. 

Unicorn India Ventures to close Rs 1,000 crore fund III by July
Early-stage venture capital firm Unicorn India Ventures is on track to close its Rs 1,000 crore Fund III by July. The firm plans to allocate 75-80% of the fund to deeptech sectors such as semiconductor, spacetech, and medical diagnostics, while the remaining 20% will be directed toward digital India initiatives and SaaS companies.

Indian bond yields steady as traders await fresh cues
https://economictimes.indiatimes.com/markets/bonds/indian-bond-yields-steady-as-traders-await-fresh-cues/articleshow/119285577.cms

Benchmark bond yield at three-year low; rupee under 86 against US dollar
 

Deutsche Bank decides against calling one of its AT1s Bonds
Deutsche Bank AG is choosing to leave one of its Additional Tier 1 bonds outstanding, breaking with expectations for European banks to retire the debt at the first opportunity.