Top Indian Banking Industry News & Updates - 06 March 2026,Friday

🗎 RBI / MoF / Govt. Policies

RBI data suggest end of repo rate cut transmission into lending rates
Mumbai: The transmission of repo rate cuts into lending and deposit rates may be over, as interest rates on fresh loans went up even as interest rates on fresh deposits barely came down, going by RBI data for January 2026.
RBI intervention helps rupee rebound 0.6% after record low, best in a month
 
West Asia conflict poses near-term challenges to Indian economy: RBI MPC member
 
RBI's CMI norms set to impact private banks more due to higher exposure
 
📝  Luxembourg seeks to boost European investment in India, encourages local banks to enter EU market: Roth
📝  ‘AI Predator’ That preys on mule accounts, Keeps your money safe
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🏦 PSB / Pvt Banks

SBI strongest Indian bank; HDFC Bank leads in brand value: Brand Finance
State Bank of India (SBI) has been ranked the 16th strongest bank globally and the only Indian name with AAsian Age rating, the highest accolade for brand strength, according to the 2026 Banking 500 journal released by brand valuation consultancy Brand Finance on Thursday. The report also names HDFC Bank as the most valuable Indian banking brand, although it dropped seven places to 31 from its 2025 ranking in the global rankings.
State Bank of India inducts 5,783 junior associates; Intends to onboard 16,000 employees annually, says Chairman
New Delhi: State Bank of India inducts 5,783 Junior Associates to strengthen branch banking services nationwide, the bank announced on Thursday. The recruitment aims to bolster customer service and branch operations across various States and Union Territories. According to a press release from SBI, the bank has hired over 18,000 new employees across different roles and grades during the current fiscal year.
Swift, global banks to launch framework for faster cross-border payments
 
IndusInd Bank treasury head Siddharth Banerjee to step down in April
 
📝  Yes Bank launches exclusive salary account for women
📝  PSBs increase market share in secured lending segments
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🔍 Rating / Research

Women borrowers rise at 14.2% CAGR, emerging as key growth drivers for lenders: Report
Women are emerging as one of the fastest-growing borrower segments in India’s credit market, with their numbers rising significantly faster than those of men over the past five years, according to a study by CRIF High Mark.
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🗎 NBFCs / FIs / MFI

IIFL Finance scores 46 in first S&P global sustainability assessment, registers a 15-point improvement
Mumbai: IIFL Finance Limited, which is one of India's leading non-banking financial companies, has marked a significant milestone in its sustainability journey, securing a score of 46 in its maiden participation in the S&P Global Corporate Sustainability Assessment (CSA) 2025. This represents a sharp rise from the earlier score of 31, which was derived independently by S&P Global based solely on publicly available disclosures.
Motilal Oswal buys 1.65% stake in Zelio E-Mobility for ₹9.8 crore
Motilal Oswal Financial Services has acquired a 1.65 per cent stake in Zelio E-Mobility through a block deal valued at about Rs 9.8 crore. The institutional investor purchased 3.5 lakh shares at Rs 280 apiece, adding an institutional name to the shareholder base of the BSE-listed electric two- and three-wheeler manufacturer.
Loans priced below 9% jump to 62.4% after RBI rate cuts, shows data
 
Gold loan disbursements surge 94% in Q3FY26: Equifax Retail Insights
 
L&T Finance launches specialised ‘Spoorthi’ programme for women entrepreneurs
 
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UPIs / Wallet / FinTech

Paytm's ESOP spends relatively low compared to other new-age tech companies: Report
New Delhi: Noida-based payments major Paytm has one of the lowest employee stock ownership plan (or ESOP) costs in the industry and spends low proportion of its revenue on stock compensation among listed new-age technology companies, according to a report by BofA Global Research.
How Shriram One is bridging the Urban-Rural Digital Divide
Mumbai: Digital payments in India have grown fast, but the growth is not equal everywhere. In cities, people are used to paying for everything through apps—groceries, bills, even taxi rides. In smaller towns and rural areas, adoption has been slower. The issue is not that people don't want to use digital finance. It is that many apps look complicated, heavy or simply built for someone sitting in a city office. Shriram One, the UPI app from Shriram Finance, is filling this gap by keeping things straightforward.
No more PIN; PhonePe's biometric authentication is UPI payments' future
Bengaluru: Most often we are guilty of having forgotten at least one of our passwords or PINs when it comes to transaction authentication. Now, that trouble could well be over with PhonePe's recent rollout of biometric authentication for UPI payments.
Paytm ahead on monetisation, diversified business model gives it edge: BofA
 
NPCI signals identity reboot: Looks to build brand recall beyond platforms
 
📝  Walmart-backed PhonePe targets up to $10.5 bn valuation in India IPO
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Crypto

Crypto markets bounce back: Bitcoin reclaims $74,000, Ethereum nears $2,200
 
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🗠 Mutual Funds / AMCs

Invest like a woman: Five fund managers on money, risk and confidence
Women are often seen as careful with money: disciplined savers, meticulous budgeters and the quiet custodians of household finances. Yet that financial prudence does not always translate into meaningful investment decisions or wealth creation.
Median returns for equity funds with gold and silver
The recent decision by the Securities and Exchange Board of India (Sebi) to allow asset management companies to invest their residual allocation, besides investment in pure equity, freely among gold/silver, InvITs and debt securities is likely to lead to a higher allocation to commodities and infrastructure asset classes in pure equity funds. While aimed to provide a better asset mix to investors, the market regulator’s move has also raised concern in sections of the industry. 
Tata AMC exits AIFs amid tax pressure, specialized fund competition
Tata Asset Management Company has shut down its Category III alternative investment fund (AIF) business citing unfavourable taxation and stiff competition from specialized investment funds (SIFs), according to two people familiar with the matter.
South Indian Bank launches digitally integrated loan against MF products
South Indian Bank has launched a digitally integrated Loan Against Mutual Funds (LAMF) product in partnership with fintech firm smallcase. The offering allows investors to access secured credit against their mutual fund holdings through a fully digital process.
SEBI Mutual Fund Reforms 2026: End of Solution-Oriented Funds, Value vs Contra Rule & Gold-Silver Exposure
For many investors, mutual funds seem like a straightforward business – choose a scheme, start a SIP and wait.
ABSL MF launches Apex Hybrid Long-Short SIF
Aditya Birla Sun Life Mutual Fund has launched its first-ever Specialised Investment strategy under Apex Hybrid Long-Short Fund.
MF equity buying drops to 3-year low in Feb; correction may revive demand
 
Wealth Company MF launches Small Cap NFO: Madhu Lunawat, Founder & MD, The Wealth Company Mutual Fund
 
Axis MF elevates R Sivakumar as its CIO; Ashish Gupta to step down
 
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🗎 Equities, Pvt. Equity / Hedge Funds

NaBFID plans $500 million equity fund to boost infrastructure financing
India’s National Bank for Financing Infrastructure and Development (NaBFID) is planning to raise about $500 million to create its first equity-focused fund, according to people familiar with the matter, bolstering its capacity to support infrastructure projects in the world’s fastest-growing major economy.
📝  Embassy REIT raises ₹1,400 cr via 10-Year NCDs, doubles fixed-rate debt duration in FY2026
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🗎 Govt. Securities / Bonds

RBI ramps up support to shield bonds from oil shock
The Reserve Bank of India appears to be stepping up support for ​the government bond market amid surging oil prices, with data ‌showing that an investor category that includes the ​central bank posted its largest single-session purchase ⁠in five years.
Bank of India, PNB plan infra bond sales after robust demand for BoB issue
Robust demand from long-term investors for an Indian state-run lender's mega infrastructure bond issue this week has prompted two others to tap the market before the end of the financial year, three sources familiar with the matter said on Thursday.
📝  West Asia war, rising global yields stall India Inc’s overseas fundraising plans
📝  In a first, BoB raises Rs 10,000 crore from green infra bonds
📝  RBI to conduct switch auction of G-Secs worth `20K cr on March 9
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✈ International

Morgan Stanley layoffs: 2,500 jobs cut — Who is affected? What's behind the layoffs?
Investment banking giant Morgan Stanley has laid off about 2,500 people — roughly 3% of its workforce.
Goldman Sachs warns Iran conflict could slow global growth, stoke inflation
A temporary surge in oil prices to $100 per barrel could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East oil and gas flows.
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