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New Delhi [India], July 9 (ANI): The NBFC and insurance segments are expected to perform better in the second half of FY26, supported by a friendlier regulatory environment and continued growth push from both regulators and the government, according to a report by Emkay Research. The report noted that easing regulations in both the NBFC and insurance sectors, along with growth-focused measures by authorities, are setting the stage for a stronger performance in the second half of the fiscal year ...Read More >
NEW DELHI: Indian real estate sector received institutional investments of $1.80 billion in April-June period (Q2 2025), with investors from the US, Japan and Hong Kong contributing around 89 per cent to the foreign investments, according to a report on Monday. Investments more than doubled in Q2, recording a sharp 122 per cent growth over the previous quarter, said the Vestian report. Foreign investments dominated investment activities in Q2. Interestingly, majority of the investments from th ...Read More >
MUMBAI (Reuters) -The Indian central bank's measured approach to withdrawing banking system liquidity is likely to keep overnight interbank lending rates between the policy repo rate and the floor of the policy corridor, three analysts said on Friday, allowing some policy transmission. The Reserve Bank of India withdrew 1 trillion rupees ($11.7 billion) from the banking system on Friday through a seven-day variable rate reverse repo, rolling over an operation from last week, despite a rising li ...Read More >
New Delhi [India], July 4 (ANI): SpiceJet on Thursday acknowledged that some passengers are currently facing difficulties in reaching the airline's customer care helpline due to intermittent technical issues. The airline said efforts are underway to restore normal functioning as soon as possible. In an official message on X, SpiceJet stated, 'We are currently experiencing intermittent issues with our SpiceJet Customer Care helpline numbers. We assure you that our relevant teams are working to r ...Read More >
Mumbai: The average fresh loan spread of Indian banks increased by 17 basis points to 3.09% in May, indicating lenders' focus on protecting margins, according to data released by the Reserve Bank of India (RBI). Private sector banks led the increase, widening spreads-the difference between the average lending rate they charge on borrowers and their cost of funds-by 34 basis points to 3.86%, while public sector banks raised spreads by 6 basis points to 1.79%, RBI data showed. The data, experts ...Read More >
Mumbai: The average fresh loan spread of Indian banks increased by 17 basis points to 3.09% in May, indicating lenders' focus on protecting margins, according to data released by the Reserve Bank of India (RBI). Private sector banks led the increase, widening spreads-the difference between the average lending rate they charge on borrowers and their cost of funds-by 34 basis points to 3.86%, while public sector banks raised spreads by 6 basis points to 1.79%, RBI data showed. The data, experts ...Read More >
Mumbai: Bank lending in India continues to remain rather circumspect despite a reduction of a full percentage point in policy rates this year. Lending rose 9.6% year-on-year until mid-June, compared with 19.1% a year ago. Loans to large corporates, home loans and loans to NBFCs continue to remain soft. Credit to large corporations has risen 1% in May compared to 7.1 % a year ago. Even home loans rose 9% compared to 38.7% a year ago, showed the Reserve Bank of India's (RBI) latest data on sector ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adj ...Read More >
Mumbai: Bank lending in India continues to remain rather circumspect despite a reduction of a full percentage point in policy rates this year. Lending rose 9.6% year-on-year until mid-June, compared with 19.1% a year ago. Loans to large corporates, home loans and loans to NBFCs continue to remain soft. Credit to large corporations has risen 1% in May compared to 7.1 % a year ago. Even home loans rose 9% compared to 38.7% a year ago, showed the Reserve Bank of India's (RBI) latest data on sector ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police ...Read More >
Mumbai: Bank credit growth to non-banking financial companies (NBFCs) continues to lose steam, even after the Reserve Bank of India (RBI) rolled back tighter risk-weight norms earlier this year to support the sector. Experts said NBFCs are increasingly turning to bond markets for cheaper and quicker funding, while stress in microfinance and unsecured business loans has made banks cautious. Data from the RBI showed that in May 2025, bank credit to NBFCs fell by 0.3% year-on-year (y-o-y) to ₹15.6 ...Read More >
Mumbai, Jun 29 (PTI) Slice Small Finance Bank has turned profitable on a monthly basis and is aiming to close FY26 in the black, a top official has said. The entity, which came out of a surprising merger between the fintech Slice and the North East SFB a few months ago, is adequately capitalised and not looking to raise any capital, its executive director Rajan Bajaj told PTI. The current focus is to build a pan-India business using the low-cost digital channels, and the entity is not interest ...Read More >
Mumbai, Jun 29 (PTI) Slice Small Finance Bank has turned profitable on a monthly basis and is aiming to close FY26 in the black, a top official has said. The entity, which came out of a surprising merger between the fintech Slice and the North East SFB a few months ago, is adequately capitalised and not looking to raise any capital, its executive director Rajan Bajaj told PTI. The current focus is to build a pan-India business using the low-cost digital channels, and the entity is not interest ...Read More >
New Delhi, Jun 27 (PTI) Finance Minister Nirmala Sitharaman on Friday asked public sector banks (PSBs) to deepen corporate lending in productive sectors while ensuring robust underwriting and risk management standards. The finance minister's direction comes weeks after the RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra, lowered the benchmark repurchase or repo rate by a massive 50 basis points to 5.5 per cent. It also slashed the cash reserve ratio by 100 basis ...Read More >
Kolkata: Banks' deposit mobilisation increased 10.4% on-year at the end of June 13, growing faster than the credit expansion of 9.6% and leading to a fall in credit-deposit ratio for the banking system. Reserve Bank of India data showed that this is the highest deposit growth print seen so far in this fiscal, while credit growth remained in single digits since May. The credit deposit ratio stood at 77.84% as compared with 79.39% a year back. There has been a spurt in fixed deposit mobilisation ...Read More >
New Delhi: HDFC Bank has once again slashed its fixed deposit (FD) interest rates. This marks the second cut this month. The bank starting June 25, 2025 has reduced rates by 25 basis points on select FD tenures for deposits below Rs 3 crore. This latest move comes just two weeks after a similar rate cut on June 10, following the Reserve Bank of India's (RBI) decision to lower the repo rate from 6 per cent to 5.5 per cent. As India's largest private bank, HDFC's back-to-back cuts are likely to i ...Read More >
New Delhi: Union finance minister Nirmala Sitharaman on Friday asked public sector banks (PSBs) should maintain profitability momentum in FY26 and take advantage of Reserve Bank of India's 50-basis points rate cut to increase lending toward productive sectors of the economy, according to the sources. The finance minister's statement came after chairing a meeting with the heads of PSBs to review financial performance of banks. Sitharaman also emphasised that banks should also onboard more custom ...Read More >
New Delhi, Jun 27 (PTI) Realtors' body NAREDCO president G Hari Babu on Friday demanded that interest on home loans should come down to around 6 per cent to boost sales that have fallen during the first six months of this year across the top seven cities. He attributed the fall in housing sales to excess supply, sharp rises in prices of residential properties and global economic uncertainties. Real estate data analytics firm PropEquity has reported a 19 per cent drop in sales during the curren ...Read More >
Mumbai: A RBI report has suggested that all banks should bring down their lending rates for speedy transmission of the policy rate, which was lowered by 50 basis points earlier this month.An article published in the Reserve Bank's June Bulletin stressed that the financial conditionsremained conducive to facilitating an efficient transmission of rate cuts. Most of the banks have already passed on the rate cuts announced in February and April to their customers.It may be mentioned here that sever ...Read More >
Hyderabad: Hyderabad-based Brihaspathi Technologies, an AI surveillance and security solutions provider, on Thursday said it has raised $10 million in funding from foreign institutional investors and others. Brihaspathi will use the capital to establish a new 72,000 sq. ft. CCTV manufacturing facility in Hyderabad, which is expected to be operational by the end of the current financial year, the company said in a statement. It also plans to hire over 400 new employees. The company has been awa ...Read More >
Kolkata: Demand for office space in Kolkata doubled to 6 lakh sq ft from 3 lakh sq ft in the April-June quarter, even as residential sales stuttered and fell by 10% against Jan-Mar 2025, with approximately 3,525 units sold in the second quarter of 2025.According to Colliers, a global diversified professional services company specialising in commercial real estate services, engineering consultancy, and investment management, the absorption of 6 lakh sq ft comes as a major boost in the wake of jus ...Read More >
New Delhi, Jun 26 (PTI) Amid rate moderation by the Reserve Bank, Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Friday for review their financial performance and progress of various government flagship schemes. According to sources, the finance minister may exhort them to increase credit flow towards productive sectors of the economy. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances ...Read More >
New Delhi: The second match of the five-match Test series between India and England will be played at Edgbaston in Birmingham. It will start on July 2. In this Test, Shubman Gill has a chance to create history. Actually, the Indian team has not been able to win on this ground so far. Team India played the first match on this ground in 1967. Be it Virat Kohli or Dhoni or Dravid or Sourav Ganguly, no Indian captain has won here in 58 years. However, Gill will have a chance to get his name register ...Read More >
New Delhi, Jun 26 (PTI) Amid rate moderation by the Reserve Bank, Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Friday for review their financial performance and progress of various government flagship schemes. According to sources, the finance minister may exhort them to increase credit flow towards productive sectors of the economy. This is going to be the first review meeting after the Reserve Bank earlier this month carried out a jumbo poli ...Read More >
India Ratings and Research (Ind-Ra) expects credit growth to improve marginally in FY26 to 13-13.5 per cent, up from FY25 levels. However, the composition of loans is likely to shift, with a continued slowdown in lending to non-banking financial companies (NBFCs) and the retail segment. This decline is expected to be offset by a revival in private capital expenditure (capex), which would support growth in the corporate segment, the rating agency said. "A sustained improvement in system liquidit ...Read More >
Mumbai: Banks will have to innovate to get fresh deposits as lower interest rates will make it more difficult to attract new savers, said investment experts. Products such as fixed deposit-linked credit cards, sweep-in deposits and savings bank-linked home loans will have to be marketed more as younger savers will continue to move towards capital market products like short-term debt funds, while senior citizens will be increasingly more dependent on government savings schemes, said bankers and i ...Read More >
Apart from equities, FPIs pulled out Rs 6,709 crore from debt general limit and Rs 5,974 crore from debt voluntary retention during June 2-6. After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month, triggered by renewed US-China trade tensions and rising US bond yields. This momentum follows a net investment of Rs 19,860 crore in May and Rs 4,223 crore in April, data with ...Read More >
Mumbai: Banks have started to reduce lending rates, passing the benefit of the Reserve Bank of India's reduction of repo rate. This is expected to benefit home loan borrowers as well as small businesses, as most of these loans are linked to external benchmarks like the RBI's repo rate. Bank of Baroda and Punjab National Bank reduced repo-linked lending rate by 50 basis points each. Bank of Baroda's revised repo-linked lending rate (RLLR) now stands at 8.15% compared to 8.65%, while PNB's RLLR ...Read More >
Mumbai: Banks will have to innovate to get fresh deposits as lower interest rates will make it more difficult to attract new savers, said investment experts. Products such as fixed deposit-linked credit cards, sweep-in deposits and savings bank-linked home loans will have to be marketed more as younger savers will continue to move towards capital market products like short-term debt funds, while senior citizens will be increasingly more dependent on government savings schemes, said bankers and i ...Read More >
New Delhi: State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI's rate reduction. Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, which will benefit borrowers whose loans are linked to this benchmark. Pursuant to the Reserve Bank of India (RBI) reducing the policy repo rate, the bank has slashed its Repo Linked Lending ...Read More >
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