BANKING & FINANCE Bank Of Baroda Incorporates Pension Fund Management Arm With ₹100 Cr

Public sector lender Bank of Baroda has incorporated a subsidiary, BOB Pension Fund Management Company Ltd, with an authorised share capital of ₹100 crore. The new entity has received its certificate of incorporation from the Registrar of Companies, Ministry of Corporate Affairs, and will operate as a pension fund manager. New company to manage pension […]

CW Bureau · Sep 21, 2026

BANKING & FINANCE HDFC Bank Sends Two MD & CEO Candidates To RBI For Approval

HDFC Bank’s board has approved two candidates, in order of preference, for the post of Managing Director & Chief Executive Officer (MD & CEO), and has submitted their names and proposed remuneration to the Reserve Bank of India (RBI) for approval. The candidates have been proposed for a three-year term, marking a key step in […]

CW Bureau · Sep 12, 2026

BANKING & FINANCE RBI Backs Fintech As Key Strategic Partner To Develop Next-Gen System

The Reserve Bank of India (RBI) is positioning fintech not merely as an industry under regulation but as a strategic partner in building the next generation of India’s financial system, with artificial intelligence (AI), quantum technology and tokenisation emerging as key areas of focus. Reserve Bank of India Governor Sanjay Malhotra said the central bank […]

CW Bureau · Sep 10, 2026

BANKING & FINANCE Hyundai Capital Services Set To Start Financial Operations In India

Hyundai Capital Services is commencing financial operations in India, one of the world’s three largest automotive markets, marking the company’s entry into the country’s vehicle financing sector. Hyundai Capital India (HCIN) is the company’s 14th financial entity and an independent, stand-alone entity fully owned and operated by Hyundai Capital Services. From consulting to financial services […]

CW Bureau · Aug 31, 2026

BANKING & FINANCE Muthoot Finance To Merge Wholly Owned Subsidiary Muthoot Money

Muthoot Finance Ltd has approved a scheme of amalgamation with its wholly owned subsidiary Muthoot Money Ltd (MML), as part of a group-wide consolidation exercise. MML is a non-deposit taking NBFC classified under the middle layer, while Muthoot Finance is an upper-layer NBFC. Both companies are primarily engaged in the gold loan business. Scheme requires […]

CW Bureau · Aug 31, 2026

BANKING & FINANCE UPI Turns 10: How It Scaled From 1.78 Crore To 24,162 Crore Transactions

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), completes a decade of transforming the way India makes payments. What started as a digital payments platform has evolved into the backbone of India’s digital payments […]

CW Bureau · Aug 24, 2026

BANKING & FINANCE Deposit Growth Hits Highest Level Since 2016, Led By FCNR(B) Inflows

Bank deposit growth accelerated sharply to 15.4% year-on-year as of July 31, 2026, marking its fastest pace since December 2016, even as bank credit growth strengthened to 19.3%, according to CareEdge Ratings. Deposit growth rose from 12.7% as of July 15 and 10% in the corresponding period last year. Credit growth, meanwhile, accelerated from 17.7% […]

CW Bureau · Aug 18, 2026

BANKING & FINANCE RBI Mulls Unified Interest Rate Model For Loans, Seeks Public Feedback

The Reserve Bank of India (RBI) has proposed a harmonised regulatory framework for interest rates on loans and advances across regulated entities (REs), covering both fixed-rate and floating-rate loans. The central bank has issued the draft Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026 for public consultation, following its announcement in […]

Sajan C Kumar · Aug 12, 2026

BANKING & FINANCE RBI Keeps Repo Rate Unchanged At 5.25%, Retains Neutral Policy Stance

The Reserve Bank of India (RBI) on Wednesday left the benchmark repo rate unchanged at 5.25% for the second consecutive policy review, opting to balance inflation risks against a resilient domestic economy amid an increasingly uncertain global environment. The six-member monetary policy committee (MPC), chaired by RBI Governor Sanjay Malhotra, unanimously voted to maintain the […]

CW Bureau · Aug 5, 2026

BANKING & FINANCE Equitas SFB Next Big Leap: Universal Bank Licence Under Its Consideration

Equitas Small Finance Bank (SFB) has begun internal deliberations on applying for a universal banking licence and believes it is technically compliant with the Reserve Bank of India’s (RBI) eligibility norms, though the lender has not set a timeline for filing the application. Speaking during the bank’s Q1 FY27 post-results analyst call, Equitas Small Finance […]

CW Bureau · Aug 1, 2026

BANKING & FINANCE How RBI’s New Deposit Pricing Rules Will Reshape The Bank Competition

The Reserve Bank of India (RBI) has rewritten the rules governing interest rates on bank deposits, giving lenders greater flexibility to price bulk deposits while simultaneously tightening disclosure norms to improve transparency. The changes, which come into effect from October 1, 2026, are expected to make the wholesale deposit market more market-driven and better aligned […]

Sajan C Kumar · Jul 31, 2026

BANKING & FINANCE TVS Motor Buys 4.39% Stake Of TVS Credit For ₹711 Cr From Lucas-TVS

TVS Motor Company Ltd has increased its stake in subsidiary TVS Credit Services Ltd (TVS CS) to 85.15% by acquiring 4.39% equity from Lucas-TVS Ltd for an aggregate cash consideration of ₹711 crore. The transaction involved the acquisition of 1,13,37,297 equity shares of TVS Credit Services and was completed on July 27, 2026, the company […]

CW Bureau · Jul 27, 2026