Top Indian Banking Industry News & Updates - 28 March 2025,Friday
🗎 RBI / MoF / Govt. Policies
RBI slaps Rs 75 lakh fine on HDFC Bank for breach of norms
New Delhi: The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country’s largest private sector lender, for not complying with directions in the RBI’s Know Your Customer (KYC) master direction, according to an official statement issued on Wednesday.
RBI plans to double foreign investor cap in listed firms to 10% to boost capital inflows
New Delhi: Reserve Bank of India is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters. Foreign portfolio investors (FPIs), pressured by poor earnings, high valuations and prospects of U.S. tariffs, have pulled more than $28 billion out of Indian stocks since September's record high in the benchmark NSE Nifty 50.
RBI governor Sanjay Malhotra calls for a balanced approach in policy making
Non-food bank credit growth slows in February 2025
📝 RBI February rate cut sees mixed transmission: Deposit rates fall while lending rates stay high
📝 RBI to meet banks on liquidity framework next week, changes on cards, sources say
📝 RBI may cut repo rate by 25 basis points in April; total 75 bps reduction likely in FY26: Ind-Ra
📝 RBI to meet bankers next week to discuss new liquidity model
📝 Banks' loan growth slows for eighth straight month in February, RBI data shows
📝 RBI imposes penalties on HDFC Bank, Punjab & Sind Bank
Read More >>
🏦 PSB / Pvt Banks
IndusInd Bank shares drop over 5 pc after Rs 30.15 crore GST penalty
New Delhi : IndusInd Bank’s share fell over 5 per cent on Tuesday after the bank informed that GST authorities in Thane, Maharashtra, had imposed a penalty of more than Rs 30.15 crore due to several compliance issues.
AIPC alleges ICICI Bank terminated 782 employees without due process
Mumbai: A key department of the Congress has raised concern over the country’s second-largest private-sector lender, ICICI Bank, for allegedly terminating 782 employees in recent months without following due process.
Insider trading glare on senior IndusInd Bank officials. What do rules say?
Kotak Private Banking aims to add thousands of clients amid rising competition
Kotak Mahindra Bank Ltd’s private banking unit expects to add thousands of new families to its portfolio, as it seeks to scale up to fight falling margins in India’s growing wealth management industry. The billionaire Uday Kotak-backed division added 2,280 new families to its client base in private banking in the year ending March 2024, more than three times the 711 new families it added a year earlier, according to its annual reports. Kotak Mahindra Bank is one of India’s top wealth managers.
📝 Banks may wait for liquidity cues to cut rates on special deposit plans
📝 Axis Bank launches 24/7 global USD clearing through Kinexys by J.P. Morgan
📝 Bank lending growth halves in February amid retail and NBFC slowdown
📝 SBI earns Rs 331 cr from ATM withdrawals, while other state-owned banks face losses
📝 Bank of Baroda goes live with PM-Vidyalaxmi Scheme
📝 Kotak CEO reveals a lot on RBI cuts, deposit wars and banking’s next big moves
📝 Billionaire Uday Kotak’s private bank adds thousands of clients
📝 Hitachi Cash Management Services appoints Yusuf Pachmariwala the MD & CEO
📝 Indian Bank gets demand notice for Rs 873 crore from income tax dept
Read More >>
🏦 Co-operative Banks / RRBs
UCBs’ umbrella organisation close to attaining ₹300 cr paid-up capital
The umbrella organisation (UO) for urban co-operative banks (UCBs) is close to attaining the regulatory target of ₹300 crore paid-up capital, with smaller – Tier I and Tier-II – banks expected to make up the shortfall of about ₹40 crore. Capital infusion proposals aggregating ₹124.5 crore were approved at the recent extraordinary general meeting of the UO – the National Urban Co-operative Finance and Development Corporation (NUCFDC), according to Jyotindra Mehta, Chairman of the Corporation.
Read More >>
🏦 Foreign Banks / FIIs / I-Banks
📝 Truhome Finance raises 100 million dollar from DBS Bank, SMBC
Read More >>
🏠 Housing Finance
📝 HUDCO plans to raise up to ₹2,000 crore through issue of bonds
Read More >>
💳 ATMs / Credit Cards
Interchange fee hike to boost expansion of ATM network
The rise in ATM interchange fees will boost expansion of ATM networks, encouraging banks and operators to increase their investments. White-label ATM operators and banks, which have seen their operating costs surge due to higher compliance expenses, say the fee hike will help offset these costs.
Tata Neu HDFC Bank cobranded card surpasses 2 million issuances
📝 Most of India is still ATMnirbhar
Read More >>
🔍 Rating / Research
📝 Rate cut on the horizon? Vishrut Rana on what could be RBI’s next move
📝 RBI may cut policy rate by 25 bps in April: Ind-Ra
Read More >>
🗎 NBFCs / FIs / MFI
📝 Jio Financial Services to invest Rs 1,000 crore in Jio Finance
📝 Shriram Finance made AUM Rs 8,938.61 cr in Q3 under SME loans in TN
📝 India set to double investment limit for foreign individuals: Report
📝 Max Financial shares surge over 2% after Rs 399 crore block deal
📝 TVS Holdings dividend payout: Check record date & 4 key things you need to know
Read More >>
UPIs / Wallet / FinTech
PayU bets big on generative AI integration to enhance customer experience, merchant support, and workforce productivity
Mumbai: PayU, one of India's leading digital financial services providers, has announced its strategic focus on the adoption of Generative AI (Gen AI) to transform its customer and employee experiences in the year 2025. As per industry reports, India is on the brink of a GenAI revolution that would accelerate digital innovation, which could contribute up to $1.5 trillion to the nation's GDP by 2030. Embracing this transformative wave, PayU is committed to promoting responsible use of GenAI-powered solutions that uphold the highest standard of regulatory compliance and security while delivering a seamless experience to end customers.
📝 Zaggle acquires 38.34% stake in Mobileware Technologies
Read More >>
🧔 Brokers / Distributors
📝 Broking companies likely to pull back on increments, bonuses amid market corrections, volatility
Read More >>
🗠 Bourses
BSE surges 6% ahead of board meet on bonus issue on March 30 – 4 key factors to watch
📝 NSE defers move to change F&O expiry day to Monday until further notice
📝 SEBI proposes to limit expiry days
📝 A $26 billion IPO pipeline for FY26 faces a harsh reality check that even Reliance Jio and NSE can't escape
Read More >>
🗠 Mutual Funds / AMCs
'Regular' accounts drove bulk of SIP closures in February, shows data
📝 Low-duration MFs a smart play amid falling rates
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
FPIs turn net buyers, purchase shares over ₹21,000 cr in five sessions
Mumbai: Foreign portfolio investors have turned net buyers in the last five sessions, with net cash market purchases of over ₹21,000 crore. The FII long-short ratio has increased to 33 per cent which showed that there is short covering trigger in the market, said analysts.
Read More >>
🗎 Govt. Securities / Bonds
Ultrashort passive debt funds offer high yield, low risk for 3-6 months
📝 UCO Bank fixes QIP price at Rs 34.37 per share
📝 India bonds extend rally on anticipation of dovish central bank
Read More >>
✈ International
Sber enters top 25 of Europe’s most valued banking brands
New Delhi: Sber has been ranked 78th among the Top 500 banking brands and 22nd in the ranking of the 25 most valuable bank brands in Europe.
Read More >>
405, TSL Corner
contact@nurcmedianext.com
+91-11-49849324, +91-9958949710
