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Life Insurance Corporation of India
The Subhash Chandra NCLT Ruling: Balancing Insolvency Jurisprudence with Public Trust in India’s Credit System
If an ordinary farmer defaults on a 50,000 rupee crop loan, recovery agents seize his tractor, but when corporate claims cross 22,000 crore rupees, a tribunal approves a 6.5 crore settlement.
Indian Bank Targets Up to ₹1,500 Crore Treasury Income in FY27 as Gold Loan Book Nears ₹1.5 Lakh Crore
When a public sector bank pairs a 1,500 crore rupee treasury income target with a 1.5 lakh crore rupee gold loan book, sovereign bond trading and physical collateral become a dual engine for return on assets.
BharatPe Strengthens C-Suite with Former Paytm Leaders Yugal Tiwari as CPO and Kamal Sharma in Engineering
When a fintech unicorn gears up for institutional profitability and a public listing, talent strategy shifts from startup experimentation to importing battle-tested product leadership.
slice Adds Former SBI, ICICI Bank Executives To Its Board
slice Small Finance Bank (SFB) has appointed former SBI chief general manager Samir Sawhney as executive director and former ICICI…
Svatantra Microfin: 88% of the book is microfinance as it files for a ₹3,000 crore IPO
India's second-largest NBFC-MFI filed its DRHP on 13 August with microfinance still 88.56% of a ₹23,818 crore book — the same concentration that saw two small finance banks turned back from universal licences.
The Reserve Bank of India has granted formal approval to Life Insurance Corporation of India (LIC) to increase its aggregate shareholding in HDFC Bank up to 9.99 percent of paid-up capital and voting rights.
LIC currently holds a 4.11 percent stake in HDFC Bank, giving the insurance giant regulatory headroom to acquire an additional 5.88 percent stake from the open market over a 12-month enabling window.
MobiKwik Infuses ₹61 Cr In Lending Arm, Appoints Ex-Bajaj Markets’ Manish Pathania As Its CBO
Months after receiving a regulatory nod for its NBFC licence, MobiKwik has now completed the transfer of its digital lending…
Four RBI and judicial moves reshaping Indian banking this month
A repo-rate hold at 5.25%, mandatory anti-fraud SOPs, the reopening of urban cooperative bank licences, and tighter lending-rate transparency.
Government confirms no plans to divert ₹16,600 Cr in unclaimed LIC and EPFO funds
Parliament clarification puts to rest speculation that idle policyholder and provident fund balances could be routed to state budgets or infrastructure spending.
IOB secures $300 million of $650 million FCNR(B) deposit target ahead of Sept 30 deadline
The public-sector bank has raised nearly half its offshore deposit goal organically, without leverage-linked schemes, as part of a $1 billion overseas fundraising plan.
Fairfax Financial to acquire 60.72% of IDBI Bank for ₹53,000 crore
Canadian billionaire Prem Watsa's Fairfax Financial Holdings is buying out the government and LIC's stakes in the state-owned lender, signalling serious intent on banking privatisation.
SBI appoints LIC CFO Sunil Agrawal, marking rare cross-institutional talent move
State Bank of India has named Sunil Ramgopal Agrawal as CFO effective August 1, drawing him from his role at Life Insurance Corporation of India—a significant shift in how Indian public sector financial institutions source leadership.
Elevation Capital closes $500M ninth fund, bets on AI application layer over foundation models
The VC firm is now deploying $900 million in India, targeting early-stage startups building vertical AI solutions rather than competing in the LLM race.
Sitharaman directs public banks to chase NRI deposits at 7.5% to shore up forex
The finance minister has launched a coordinated capital mobilization campaign targeting the global Indian diaspora, leveraging RBI's removal of interest rate caps on FCNR(B) deposits.
Kotak's Vaswani earns ₹30.88 Cr in FY26 as private bank pay outpaces PSU scales
Private bank CEO pay packages are pulling further ahead of public sector counterparts, with equity grants widening the gap beyond cash salary alone.
IRDAI mandates wage provision accounting for state insurers
Public sector general insurers must now set aside annual provisions for expected wage revisions instead of absorbing sudden lump-sum bills when deals are signed.
Private insurers grow 2.7× faster than LIC in Q1, capturing momentum in India's ₹1.09 lakh crore market
While LIC maintains 60% market share, private players' 27.5% growth versus LIC's 10.3% signals a structural shift in how Indians buy life insurance.
Kotak tops profit-per-branch chart at ₹8.5 Cr, nearly 4x SBI's ₹3.7 Cr
FY26 data shows private banks extracting far more profit per branch than public sector peers, pointing to a widening digital cross-sell gap in Indian banking.
IRDAI approves two general insurance licenses under new 100% FDI policy
India's insurance regulator has greenlit two new entrants following a landmark shift to allow full foreign ownership. Global insurers can now build standalone Indian operations without local joint-venture partners.
Bank of Baroda and Mizuho partner on Indian M&A financing amid corporate consolidation boom
India's domestic M&A wave is pushing public sector banks toward cross-border alliances. Bank of Baroda and Mizuho Bank are teaming up to co-structure and co-underwrite complex acquisition deals.
HDFC Bank governance row escalates as ex-chairman rejects external review findings
Former Chairman Atanu Chakraborty has publicly challenged the independence of HDFC Bank's ₹-backed legal investigation, refusing to participate and dismissing its findings as conclusions reached without his input.
Bandhan Bank raises FD rates up to 20 bps as deposit competition intensifies
Senior citizen FD yields near 8% even as RBI holds the repo rate unchanged, signalling a liquidity squeeze rather than a policy-driven rate move.
SBI Chairman challenges 'PSB discount' as valuation gap persists
State Bank of India's Chairman C.S. Setty has publicly contested the persistent market undervaluation of public sector banks, arguing SBI's operational turnaround and subsidiary strength are not reflected in its stock price.
How Bandhan Bank became India's first microfinance-to-universal bank in 14 years
Chandra Shekhar Ghosh left a ₹5,000/month salary to build a microfinance institution on trust. The RBI's 2015 universal banking licence made Bandhan the first MFI to cross that bridge.
CBI raids eight Kolkata locations over ₹191 Cr PNB fund diversion
Three companies allegedly diverted working capital loans through shadow accounts and duplicate ledgers, exposing gaps that AI credit models alone cannot catch.
RBI cancels Shree Mahalaxmi Urban Co-op Bank licence; 97.9% depositors covered
The regulator ordered liquidation citing inadequate capital and no earning prospects, but DICGC insurance means nearly all depositors recover their money in full.
RBI revokes NBFC licences for 135 entities over compliance failures
The Reserve Bank of India has cancelled registrations for 135 non-banking finance companies across India, citing regulatory violations and inactive operations. The majority of revoked entities were based in West Bengal.
SBI profit hits ₹80,032 Cr as government dividend jumps 9% to ₹8,813 Cr
State Bank of India's record profitability in FY26 is funnelling nearly ₹8,813 crore in dividends to the government, signalling a decisive turnaround in public sector banking.
LIC evaluates fintech entry through build or buy strategy, CEO confirms
India's largest state-owned insurer is weighing either an organic fintech arm or strategic investments in existing startups to accelerate digital transformation.
IndusInd Bank faces insider trading probe; ₹46 cr illicit gains alleged
A whistleblower complaint names a former zonal head for allegedly generating ₹46 crore through trades worth ₹815 crore before public disclosures. RBI and SFIO are now reviewing the bank's financials.
ED arrests real estate businessman in ₹645 crore embezzlement case tied to banks
Vikram Wadhwa arrested under PMLA over alleged siphoning of public funds from IDFC FIRST Bank accounts. Investigators trace ₹70 crore diverted to his personal accounts through shell companies and jewelers.
LIC signals dual strategy to build digital arm: organic growth or startup acquisitions
India's largest insurer is weighing in-house fintech development against strategic investments in external startups, citing both modernisation and portfolio returns as drivers.
Supreme Court seeks responses on HDFC CEO case linked to ₹65 crore bank recovery
The top court is examining allegations against Sashidhar Jagdishan after the Bombay High Court quashed an FIR, but has asked the CBI and police to clarify claims about personal benefits tied to a hospital trust dispute.
Indian banks post ₹4.11 lakh crore profit as credit growth and NPA cleanup drive earnings
Private and public sector banks split record profits almost equally, with SBI, HDFC Bank, and ICICI Bank accounting for over half the sector's profitability.
RBI approves Elias George as Federal Bank board chairman for three-year term
The former IAS officer and Kochi Metro Rail MD takes the helm from May 23, 2026, bringing decades of public administration and governance experience to the lender's board.
SBI strike averted after union wins on staffing, outsourcing concerns
The All India State Bank of India Staff Federation secured consensus with management in Mumbai on a 16-point charter, highlighting the tension between cost-cutting and branch operations in public sector banking.
HDFC Bank pilots two-day work-from-home policy for select support functions
India's largest private lender has introduced a flexible working arrangement for employees in enabling roles, with a 30-day trial period before review.
Mumbai Police file fresh FIR against ex-Yes Bank CEO Rana Kapoor over loan irregularities
Former Yes Bank chief Rana Kapoor and investor Sudhir Valia face investigation into alleged collateral undervaluation and improper asset recovery rights linked to a 2016 loan sanction.
LIC Housing Finance posts 9.4% profit growth on lower loan losses and higher disbursements
Net profit rose to ₹1,497 crore in Q4 FY26 as the housing lender improved asset quality and ramped up quarterly disbursements to ₹21,019 crore.
RBI cancels Sarvodaya Co-operative Bank licence over capital shortfall
The central bank has shut down the Mumbai-based lender, citing inadequate capital and regulatory non-compliance. Most depositors will be protected under DICGC insurance.
UCO Bank's MSME portfolio shows stability despite global headwinds
The public sector lender reports no stress in its micro, small and medium enterprise loans, even as US tariffs and geopolitical tensions ripple through markets.
Google invests $15bn in Visakhapatnam AI data centre, scales to 5 GW capacity
Google's groundbreaking investment in Andhra Pradesh positions India as a core market for hyperscale AI infrastructure and cloud workloads, with major implications for India's digital economy.
Regulators engage banks on AI-driven cyber risks to payment systems
India's policymakers are stepping up dialogue with lenders on cybersecurity frameworks as artificial intelligence introduces new operational threats to financial infrastructure.
Banks seek RBI nod for parallel fraud investigations with law enforcement
Leading Indian banks have approached the Reserve Bank seeking permission to run internal fraud probes alongside CBI and police inquiries, aiming to cut delays in classification and recovery.
RBI's April 8 decision faces trilemma: rupee defence, inflation control, growth support
The Monetary Policy Committee meets April 6–8 as economists split on whether to pause or hike rates. A stronger rupee demands defending; a weaker economy demands support.
RBI eases NOHC requirement for AU Small Finance Bank's universal bank transition
The central bank has relaxed structural compliance rules for AU Small Finance Bank, removing an immediate hurdle as the lender upgrades its license. The exemption signals a more adaptive regulatory stance toward scaling smaller banks.
RBI warns Middle East conflict poses inflation and liquidity risks to India's economy
An RBI MPC member flagged geopolitical tensions in the Middle East as a near-term economic threat, citing India's heavy reliance on oil imports and remittances from the Gulf region.
SBI's ₹7.5 lakh crore MF arm heads for IPO listing by April 2025
India's largest bank is spinning off its mutual fund business in what could be one of 2025's biggest public offerings, signalling renewed investor appetite for fund management platforms.
PSB nationwide strike shuts branches for 3 consecutive days as unions demand 5-day week
United Forum of Bank Unions halted services at public sector banks Jan 24–26 after failed wage talks. Digital channels remain operational; private banks unaffected.
RBI set to restart urban co-op bank licenses after 22-year freeze
The central bank has proposed reopening the door to new urban co-operative bank licenses, halted since 2001, with strict capital requirements to prevent repeat failures.
Ambani challenges bank audit flagging telecom loans as fraud in ongoing court battle
Anil Ambani is contesting banks' fraud allegations after audits of his telecom company's loans. The dispute hinges on audit methodology and has implications for how lenders assess credit risk.
RBI to oversee Delhi govt's banking and public debt operations
The central bank has signed an agreement to manage state-level financial administration, signalling tighter fiscal coordination across India's public finance system.
Bank unions call January 27 strike for 5-day week; could shut 6-day branches
UFBU demands alignment with RBI and government offices. Public sector banks face potential three-day shutdown if strike proceeds.
RBI flags indirect fund flows from Pakistan as high-risk after conflict investigations
On August 6, 2025, the Reserve Bank issued an advisory requiring banks to tighten scrutiny over funds routed through third countries from Pakistan, citing terror financing and arms procurement concerns.
PSBs posted ₹44,218 Cr profit in Q1 FY26, but NII flatness flags margin stress
India's 12 public sector banks grew collective profits 11% year-on-year, led by SBI's ₹19,160 Cr haul. Finance Secretary M. Nagaraju flagged liquidity deployment and asset quality as twin priorities in a rare sector review.
Government notifies Banking Laws (Amendment) Act, 2025 provisions effective August 1
Major changes to banking regulation take effect next month, raising thresholds for substantial interest and enabling public sector banks to align with corporate IEPF practices.
₹67,000 crore in unclaimed bank deposits sits idle across Indian lenders
Public sector banks hold 87% of dormant funds, with SBI accounting for ₹19,330 crore. The RBI's UDGAM portal has already attracted 8.59 lakh users searching for their lost wealth.
RBI Governor Rules Out Banking Licences for Corporate Conglomerates
Sanjay Malhotra has firmly closed the door on proposals to allow industrial houses or their NBFCs to hold banking licences, citing conflict-of-interest risks to depositor safety.
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