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Bad loans may edge up to 1.9% by FY28 despite resilient banks: RBI
Indian banks are projected to see a slight increase in bad loans to 1.9% by March 2028, yet the system remains robust with strong capital and healthy profits. The Reserve Bank of India's report highlights resilient balance sheets and improving credit growth. Despite global uncertainties, the financial sector, including NBFCs, is well-positioned to absorb shocks, though AI cyber threats demand increased vigilance.
RBI's new funding rules deal 'body blow' to Indian prop trading firms
From July 1, bank guarantees used in capital markets must be fully backed by collateral, a move expected to reduce leverage and raise funding costs
Canara Bank, Bank of Baroda, Indian Bank pay ₹7,023 cr dividend to govt for FY26
Canara Bank, Bank of Baroda and Indian Bank pay ₹7,023 crore dividend to Government of India, highlighting strong growth and support for Viksit Bharat.
Stocks in news: Bajaj Auto, ZEE, BPCL, HDFC Bank, HUL, Tata Motors CV
Indian markets saw a subdued trading session on Monday, with key indices declining due to mixed global signals and profit-taking. Several prominent companies like Bajaj Auto, ZEEL, BPCL, HDFC Bank, and HUL are in focus today due to significant corporate developments. These include share buybacks, foreign investments, leadership appointments, and strategic acquisitions, signaling active corporate maneuvering amidst market fluctuations.
Leading Indian brokerages gear up to offer seamless access to global stocks via GIFT City
Indian investors can now easily buy foreign stocks like Apple and Nvidia through GIFT City, thanks to major discount brokers like Groww and Zerodha launching overseas investing services. This move, facilitated by the Liberalised Remittance Scheme, allows investments starting from just $1 with fractional shares. While charges include brokerage and forex conversion, GIFT City offers a regulated framework for these international investments.
RBI buyback gets few bids despite cash crunch
The central bank's bond buyback saw a lukewarm market reception, attracting significantly less than the offered amount despite a liquidity deficit in the banking system. Banks held back, anticipating future inflows and preferring short-term papers. Meanwhile, the benchmark 10-year government bond yield dipped to its lowest since March, buoyed by falling oil prices and record overseas portfolio investments.
RBI buyback gets few bids despite cash crunch
The central bank's bond buyback saw a lukewarm market reception, attracting significantly less than the offered amount despite a liquidity deficit in the banking system. Banks held back, anticipating future inflows and preferring short-term papers. Meanwhile, the benchmark 10-year government bond yield dipped to its lowest since March, buoyed by falling oil prices and record overseas portfolio investments.
Churn at private banks' finance function, 2 CFOs quit
A significant reshuffle is underway in the finance departments of major Indian banks. Axis Bank and Bandhan Bank have seen their Chief Financial Officers resign, sparking speculation about future leadership. This follows another high-profile departure from HDFC Bank. Industry insiders suggest a potential move for one CFO to HDFC Bank, while another might step into the Axis Bank role, creating an unusual churn ahead of financial results.
Canara Bank, Bank of Baroda, Indian Bank pay Rs 7,023 cr dividend to govt for FY26
Three public sector banks, Canara Bank, Bank of Baroda, and Indian Bank, collectively disbursed Rs 7,023 crore in dividends to the government for the 2025-26 fiscal year. Canara Bank contributed Rs 2,397 crore, BoB Rs 2,811 crore, and Indian Bank Rs 1,815.05 crore. These payouts underscore the banks' robust financial performance and their dedication to national development goals.
India's external debt to GDP ratio rises to 20.8% in Mar-26 from 19.8% in Mar-25
Reserve Bank of India (RBI), stated in a latest update today that at end-March 2026, India's external debt was placed at US$ 762.8 billion, an increase of US$ 26.3 billion over its level at end-March 2025. The external debt to GDP ratio increased to 20.8 per cent at end-March 2026 from 19.8 per cent at end-March 2025. Valuation effect due to the appreciation of the US dollar vis-vis the Indian rupee and other major currencies amounted to US$ 24.6 billion. Excluding the valuation effect, external debt would have increased by US$ 51.0 billion instead of US$ 26.3 billion at end-March 2026 over end-March 2025.
SBI raises $300 mn via 3-year dollar bonds at SOFR plus 100 basis points
The country's largest lender becomes the latest Indian issuer to tap overseas debt markets under the RBI's concessional swap window with a $300 million bond issue
Some Indian banks poised for interest margin gains as short-term funding costs fall
Indian banks are poised for improved interest margins this quarter, thanks to the Reserve Bank of India's liquidity-boosting measures. These initiatives are driving down the cost of short-term funding, with certificate of deposit rates already seeing significant drops. Experts anticipate further easing, suggesting banks can now secure funds more affordably, directly benefiting their profitability and allowing for cheaper refinancing of existing debts.