AI framework charts next chapter for Indian banking, drives innovation
The FREE AI Committee Report heralds a new era for Indian banking by providing a framework to both harness and regulate artificial intelligence. The Reserve Bank of India (RBI) report presents a roadmap that highlights not only the opportunities enabled by AI, but also challenges and responsibilities for banks and financial institutions.

Continuous cheque clearing system kicks in from today
Mumbai: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October 4.  

RBI has kept possibility of future rate cuts open
Kolkata: The Reserve Bank of India (RBI) has kept the possibility of future rate cuts open, with its monetary policy committee (MPC) sharply revising its inflation forecast downwards, according to a recent report by Crisil Intelligence. The central bank had on October 1 kept its policy interest rate unchanged at 5.5 per cent for the second consecutive time, citing concerns over tariff uncertainties.

RBI moots unified framework for related party lending
 

RBI pared back forward-dollar short position to $53 billion in August
 

ECL norms to have bigger impact on banks with higher unsecured loans
 

HDFC Bank leads as seven of India’s top-10 most valued firms gain Rs 74,573 cr in market cap
The combined market valuation of seven of the top-10 most valued firms climbed Rs 74,573.63 crore in a holiday-shortened last week, with HDFC Bank emerging as the biggest gainer in line with a positive trend in equities.

Small-size banking frauds soar, SBI worst-hit PSB in FY25
Small-ticket banking frauds have been on the rise since the total amount involved in these scams fell sharply by nearly 74 per cent over five years until 2024-25, while cases have more than tripled. Within overall frauds, those related to advances remain significant, making up the largest share of the total amount and nearly one-third of all cases. Frauds related to advances include real estate irregularities, including interest subvention. The Supreme Court’s recent intervention in home-loan subvention schemes has exposed an “unholy nexus” between builders and financial institutions, prompting the CBI to file six fresh cases.

Q2FY26: IDBI Bank’s total business increases by 12%
Mumbai: IDBI Bank reported a 12 per cent year-on-year (yoy) growth in second quarter total business (deposits plus advances) at ₹5,33,839 crore from ₹4,78,547 crore in the year ago quarter, per provisional business numbers released by the Bank. Total deposits and net advances growth were up 9 per cent yoy and 15 per cent yoy, respectively, in the reporting quarter (Q2FY26),

Q2FY26: Bank of Baroda’s global biz up 10.47% to ₹27.79 lakh crore
Mumbai: Bank of Baroda’s (BoB) global business (deposits plus advances) increased 10.47 per cent year-on-year (y-o-y) in second quarter to ₹27,79,114 crore from ₹25,15,654 crore in the year ago quarter, per provisional business numbers released by the Bank. Global deposits and advances growth were up 9.28 per cent y-o-y and 11.90 per cent y-o-y, respectively, in the reporting quarter (Q2FY26).

PNB’s domestic loans rise 10.7%, deposits grow 10.4%
Domestic advances of Punjab National Bank increased 10.7% on year to Rs 11.19 lakh crore, while domestic deposits rose 10.4% to Rs 15.63 lakh crore as on September 30, according to the provisional figures released by the bank on Friday. On a sequential basis, the credit growth was higher compared to the deposit growth.

IGRPL raises ₹836 crore in debt financing from Indian Bank
Chennai: IOC GPS Renewables Private Limited (IGRPL), a joint venture between Indian Oil Corporation Ltd (IndianOil) and GPS Renewables focused on advancing India’s biofuels sector, has raised ₹836 crore in debt financing from Indian Bank for the execution of nine Compressed Biogas (CBG) projects across the country.

PSB consolidation may resume by fiscal-end
After a gap of six years, the process of consolidation of public sector banks (PSBs) may restart by the end of the current financial year.

RBI extends Raghavendra Bhat’s term as Karnataka Bank MD
 

SBI aims to be one-fourth of India's GDP by assets: Chairman C S Setty
“SBI is often seen as a proxy for the Indian economy, as it has a 23 per cent share in deposits and a 20 per cent share in loans. For more than 15-20 years, the bank’s asset size has consistently been around 20 per cent of the country’s GDP. As India advances towards the Viksit Bharat goal, SBI is positioned to support this growth,” Setty said during a conversation with Dilip Asbe, managing director and chief executive officer of the National Payments Corporation of India (NPCI), in a video posted on NPCI’s YouTube channel.

Consolidation and licensing of urban co-operative banks may go hand in hand
Mumbai: Consolidation among existing urban co-operative banks and licensing of new ones may go hand in hand, if Reserve Bank of India’s latest proposals relating to introduction of risk-based deposit insurance and allowing setting up of new Banks are anything to go by. The pace of amalgamation among urban co-operative banks (UCBs) could quicken as weaker ones among them with lower supervisory rating may seek to voluntarily amalgamate with their stronger counterparts with superior supervisory rating as the former will feel the pinch of rising deposit insurance costs if a risk-based deposit insurance regime is ushered in.

India to benefit from closer integration within Asia, says AIIB chief economist
 

FIDC to focus on governance, data, compliance for NBFC sector, CEO says
Mumbai: Finance Industry Development Council (FIDC), which received the Reserve Bank of India’s (RBI) approval to function as self regulatory organisation (SRO) of the non-banking finance companies (NBFCs) sector, will focus on key areas like governance, information sharing, compliance, fair practices, skilling and education, CEO Raman Aggarwal told businessline in an interaction.

India holds huge growth potential, says Tata Capital MD Rajiv Sabharwal
Jaipur (Rajasthan) [India], October 4 (ANI): Highlighting confidence in India's economic trajectory, Rajiv Sabharwal, Managing Director & CEO of Tata Capital, said the company is committed to enabling growth.

Tata Capital IPO opens today: Check GMP, issue price, 5 ‘must know’ details; Should you subscribe?
Brace yourself for the biggest initial public offering (IPO) of the year. Tata Capital will be opening for bidding today, October 06. The company will be mopping up a sum of Rs 15,511.87 crore, making it the fourth largest issue in nearly 2 decades. The IPO is a mix of 21 crore fresh shares aggregating to Rs 6,846 crore and an offer for sale of 26.58 crore shares amounting to Rs 8,665.87 crores.

Debt has become a strategic growth layer for mature startups: BlackSoil Capital
BlackSoil Capital, a non-banking financial company (NBFC) arm of BlackSoil Group, raised Rs 210 crore debt in the first half of the current calendar year. Most of this capital will go towards working capital or expansion financing, says Ankur Bansal, MD, BlackSoil, in an interview with S Shanthi. The firm also plans to expand its SME lending capabilities through a strategic merger with impact investment lender Caspian Debt.

Excerpts:

Microfinance sector faces funding crunch, default fears amid scrutiny
 

Unclear guidelines hold back growth of credit line on UPI since launch
 

Nithin Kamath warns Zerodha may be ‘forced to charge brokerage’ fees to millions of users: Here's why
Zerodha founder and CEO Nithin Kamath has warned that a continuation of the ongoing stock market headwinds may force his brokerage house, which has long pioneered a free platform for its millions of users, may have to start charging fees.

Bitcoin smashes records, soars past $125,000 amid demand and favourable regulatory climate
Bitcoin hit a historic peak on Sunday, breaching the $125,000 mark. The digital asset was trading up nearly 2.7% at $125,245.57 at 05:12 GMT, surpassing its previous all-time high of $124,480, set in mid-August. This latest surge is part of a trend that saw Bitcoin climb for an eighth consecutive session, signaling renewed confidence across the crypto landscape. 

Sideways trend could continue for several months, says SBI MF’s Singh
 

Past year certainly raised doubts about the bull run, says Mahesh Patil
 

FPIs pull out Rs 23,885 cr from mkts in Sept
New Delhi: Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore (around $2.7 billion) and taking year-to-date outflow to Rs 1.58 lakh crore ($17.6 billion). This marks the third consecutive month of withdrawals, following heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, data from depositories showed. The latest selling was driven by multiple factors, like US trade and policy shocks — steep tariff hikes of up to 50 per cent on Indian goods and a one-time $100,000 H-1B visa fee, which hurt sentiment toward export-oriented sectors, especially IT, Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research India, said.

JioBlackrock Flexi Cap Fund NFO: Subscription ends soon. Review, other details about AI-human managed flexi-cap fund
JioBlackrock Flexi Cap Fund NFO: Subscription for the open-ended flexi-cap fund opened on 23 September 2025 and will remain open until 7 October 2025. This means JioBlackrock Flexi Cap Fund NFO subscription date ends tomorrow, and investors have just two days to subscribe to this NFO. Developed by BlackRock, the flexi-cap fund is available only in the growth format and therefore has the lowest possible expense ratio of 0.50%. An applicant will not receive any financial assistance from the Asset Management Company, as it is available in a growth format, and one can apply by visiting the Reliance Jio platform. The minimum amount required to apply for the JioBlackrock Flexi Cap Fund NFO is ₹500. An investor can apply for the scheme either in the SIP mode or as a one-time upfront payment.

Primary equity market gears up for long festivity as filings gain pace
Mumbai: The festivity in the primary market is all set to continue for a longer period if the number of new draft red herring prospectus being filed and under the consideration of market regulator SEBI are anything to go by.