Top Indian Banking Industry News & Updates - 13 March 2026,Friday
🗎 RBI / MoF / Govt. Policies
High-Level Committee on Banking may suggest review of CRR, SLR, licensing norms
The proposed High-Level Committee on Banking for Viksit Bharat is likely to examine issues ranging from reserve ratio requirements and bank licensing to improving India’s credit-to-GDP ratio and the transition framework for small finance banks and NBFCs, according to indications given to a Parliamentary panel.
Govt nod still needed for entities registered in China: DPIIT on FDI policy easing
A day after the Cabinet cleared the changes to foreign direct investment (FDI) norms related to land bordering countries (LBC), the Department for Promotion of Industry and Internal Trade of India (DPIIT) has clarified that entities “registered” in China and Hong Kong and countries sharing land borders with India will continue to need prior government approval in case they want to invest in India. This relaxation is only for entities in non-LBCs having beneficial owners from LBCs below 10% and with a non-controlling stake, government officials said.
RBI-Esma pact likely to need reboot if India's concerns not resolved
RBI revises counterparty credit risk rules to align with Basel norms
Draft digital fraud compensation norm: Payout one-time, vigilance still key
RBI governor Malhotra urges steps to strengthen trust in digital payments
📝 Banks directed to monitor non-submission of digital life certificates for pension: Centre to Rajya Sabha
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🏦 PSB / Pvt Banks
Vinay Tonse joins Yes Bank as MD & CEO designate after RBI approval
Mumbai: Yes Bank on Thursday said that Vinay Muralidhar Tonse has joined as managing director and chief executive officer (MD & CEO) designate, following the Reserve Bank of India’s (RBI) approval. He has been appointed for a three-year term. He will take charge from the incumbent, Prashant Kumar, on April 6, 2026.
Maharashtra Loan Waiver: Why BNP Paribas says PSU banks will bear the brunt of Rs 2 lakh relief
Maharashtra, in its latest Budget, announced that crop loans of up to Rs 2 lakh will be waived off. Though this is good news for farmers, the question is how would this waiver impact the balance sheet of banks? BNP Paribas said the announcement has triggered key concerns – delay in reimbursements and weakening of repayment discipline.
Central Bank of India partners with IIFL Finance for co-lending loans
Central Bank of India is in focus after it entered into a co-lending partnership with IIFL Finance to offer loans at competitive interest rates.
Swiggy and HDFC Bank elevate everyday and travel rewards with the launch of two new co-branded credit cards
Source Credit: PTI, The Tribune
Bank of Baroda raises $500 million through five-year syndicated loan
South Indian Bank enables EPF payments on net banking platform
📝 New LCR norms could help banks expand credit by 7%
📝 Banks urged to devise low-interest loans for retail, MSME clients
📝 IDFC First Bank fraud case: 11 accused arrested so far, 100 bank accounts frozen
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🏦 Foreign Banks / FIIs / I-Banks
FIIs sold ₹110 crore of equities every trading hour in 2025!
Foreign portfolio investors (FPIs) were relentless sellers of Indian equities through 2025 and are on course to record the second- highest number of net sell days in a calendar year over the past two decades. With FIIs having been net sellers on 141 of 234 trading days this calendar year, the tally is set to exceed the 146 net sell days in 2022 and is second only to 2008, when sell days peaked at 154 amid the global financial crisis.
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🏦 Development Banks
Nabard, REC pull ₹11,000 crore bond issues after weak investor demand
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🗎 NBFCs / FIs / MFI
Hero FinCorp's AI-Led lending platform 'Project Dhruv Tara' and Talent initiatives earn industry recognition
Mumbai: As artificial intelligence and advanced analytics reshape credit decisioning across India's lending ecosystem, financial institutions are now increasingly combining advanced analytics with organisational capability to deliver faster credit access and scalable growth.
Fixed tenures may be next for upper-layer NBFC chiefs under new norms
New Delhi: A fixed tenure for corner-room occupants in Reserve Bank of India (RBI) “upper-layer” non-banking financial companies (NBFCs) may be in the works.
Women more disciplined in repaying loans, tracking credit: Report
Geojit does a U-turn on Muthoot Finance stock; what suddenly happened?
Finkurve Financial Services Limited (Arvog) crosses Rs. 1,035 crore+ AUM milestone
NBFCs set to outpace banks in India by 2035 with AI adoption: report
📝 Motilal Oswal expects Maruti Suzuki to outpace sector growth; retains 'Buy'
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UPIs / Wallet / FinTech
Parliamentary panel suggests tiered UPI charges
A Parliamentary Standing Committee on Finance has suggested exploring a tiered charging structure for UPI transactions. It proposed that while street vendors and small businesses continue to receive free services, banks and larger entities could be charged to help make the system financially sustainable.
Standing Committee flags MDR gap in UPI ecosystem, calls for revenue model
Razorpay unveils AI platform to automate payment operations for businesses
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🧔 Brokers / Distributors
Voice AI could reshape digital power, says Nikhil Kamath
Investor and entrepreneur Nikhil Kamath believes voice-based artificial intelligence could become the next major interface for digital interaction, potentially transforming how millions access information, communicate and participate in public discourse.
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🗠 Bourses
NSE adds 3.56 lakh active investors in February as retail interest picks up
Retail participation in the equity markets appears to be reviving after a brief slowdown, with the number of active investors on the National Stock Exchange (NSE) increasing for the second consecutive month in February likely from the market correction amid geopolitical tensions.
NSE picks 20 banks, eight law firms for mega IPO
NSE appoints 20 merchant bankers for IPO
The Financial Express
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Crypto
Sticky inflation keeps crypto in check as markets reassess rate cut hopes
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🗠 Mutual Funds / AMCs
Decks cleared for India's first passive hybrid mutual fund offering
Passive offerings by mutual funds (MFs) are set to expand to the hybrid space with Edelweiss MF announcing the launch of the Nifty LargeMidcap250 Plus 8–13 yr G-Sec 70:30 Index Fund.
How Mutual Fund Investors Can Navigate War-Driven Market Uncertainty
Global conflicts have always unsettled financial markets. When geopolitical tensions escalate into war, uncertainty spreads across economies, trade routes, commodity supplies, and currency markets.
Multi-asset funds are having a moment. This fund manager explains why: Deepak Shenoy, CEO of Capitalmind AMC
Apart from gold and silver, there are industrial metals such as copper, aluminium, zinc and nickel. Then there are energy commodities such as crude and natural gas. In our multi-asset fund, we will hold between two and four of these commodities at any given time.
SIF assets near ₹10,000 crore as more mutual funds launch new products
📝 Kotak Mahindra Mutual Fund stake in Avanti Feeds crosses 5% after fresh share purchase
📝 AlphaGrep gets Sebi approval to launch mutual fund business
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🗎 Equities, Pvt. Equity / Hedge Funds
65% equity, 25% debt, 10% gold: WhiteOak's portfolio rule for volatile mkts
📝 Anthropic in talks with Blackstone, other PE firms to set up AI joint venture: Report
📝 India with its strong push toward urbanisation, green energy plays to our strengths, says La Caisse CEO Emond
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🗎 Govt. Securities / Bonds
RBI's daily average G-Sec purchase hits record
This aggressive intervention has kept the 10-year benchmark yield anchored around the 6.70% comfort zone (on Thursday, the 10-year G-Sec ended at 6.66%), despite heavy selling pressure from primary dealers, insurance companies, and mutual funds. "The RBI is doing the heavy lifting to ensure yields don't spiral out of control and banks don't suffer mark-to-market losses," said Venkatakrishnan Srinivasan, managing partner at Rockfort Fincap. He said public sector banks have also joined the RBI in supporting the market ahead of the fiscal-end.
Eerie March for bond bazaar as war shakes top issuers
Corporate bond markets are navigating an unusual March this year, as borrowing plans stall in a month that typically sees a rash of bond sales. The surge in bond yields triggered by rising crude oil prices has prompted several borrowers to either defer plans to the next year or borrow selectively, five debt merchant bankers said.
Jittery bond traders constrain RBI's liquidity management options
ICICI Securities lowers CDSL target on higher costs, slower KYC arm growth
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