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 AU SFB Gets Shareholders’ Nod To Raise Borrowing Limit To ₹30,000 Cr

AU Small Finance Bank’s shareholders have approved three special resolutions to raise the bank’s borrowing limit up to ₹30,000 crore and enable fundraising through non-convertible debt and other permissible instruments. The resolutions were passed at the bank’s 31st Annual General Meeting (AGM), held through video conferencing. The approvals will provide the bank greater flexibility to […]

CW Bureau · Sep 6, 2026

BANKING & FINANCE IOB Welcomes RBI’s Status Quo, Says Move Supports Stable Credit Growth

Indian Overseas Bank (IOB) has welcomed the Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% and maintain its neutral monetary policy stance, saying the move reflects confidence in the resilience of the Indian economy despite an uncertain global environment. The public sector lender said the central bank’s policy would help […]

CW Bureau · Aug 5, 2026

BANKING & FINANCE RBI Signals Wait-And-Watch On Rates As Food, Fuel Inflation Clouds Outlook

Reserve Bank of India (RBI) Governor Sanjay Malhotra has indicated that the central bank will refrain from any immediate policy action despite a projected rise in headline inflation, saying there is a need for greater clarity on the inflation trajectory before recalibrating interest rates. Addressing the media after the Monetary Policy Committee (MPC) meeting, Malhotra […]

Sajan C Kumar · Aug 5, 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 Indian Banks Remain Resilient With Strong Capital, Liquidity: RBI Report

India’s banking system remains resilient, with scheduled commercial banks (SCBs) supported by strong capital and liquidity buffers, improving asset quality and stable profitability, the Reserve Bank of India (RBI) said in its June 2026 Financial Stability Report (FSR). The central bank said the consolidated balance sheet of SCBs continued to strengthen during FY2025-26, with healthy […]

CW Bureau · Jul 1, 2026

ECONOMY GJEPC Urges RBI To Ease Banking Norms For Gem & Jewel Exporters

The Gem & Jewellery Export Promotion Council (GJEPC), the apex trade body for the gem and jewellery industry, has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to improve the competitiveness of India’s gem and jewellery exports. The recommendations focus on improving exporters’ access to working capital, […]

CW Bureau · Jun 26, 2026

BANKING & FINANCE RBI Fines Five-Star Business Finance ₹6.20 Lakh Over Compliance Lapses

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹6.20 lakh on Chennai-based non-banking financial company (NBFC) Five-Star Business Finance Ltd for deficiencies in regulatory compliance. The penalty relates to the company’s failure to implement a robust software system for effective identification and reporting of suspicious transactions. The central bank also flagged […]

CW Bureau · Jun 20, 2026

BANKING & FINANCE RBI, ECB Strengthen Central Banking Ties With Renewed Cooperation Pact

The Reserve Bank of India and the European Central Bank have signed a renewed Memorandum of Understanding (MoU) aimed at deepening cooperation in the field of central banking, signalling stronger institutional engagement between India and the Euro area amid evolving global financial dynamics. The MoU was signed by Governor of the Reserve Bank of India, […]

CW Bureau · May 11, 2026

STARTUP/TECHNOLOGY MobiKwik Group Secures RBI Nod For NBFC Licence, To Set Up Lending Arm

Reserve Bank of India (RBI) has approved the application of One MobiKwik Systems Ltd group’s application for a Non-Banking Financial Company (NBFC) licence, enabling the group to expand its regulated lending operations. The licence will facilitate the launch of a new lending division, MobiKwik Financial Services Pvt Ltd (MFSPL), a wholly owned subsidiary, aimed at […]

CW Bureau · Apr 27, 2026

BANKING & FINANCE Axis Max Life Insurance To Raise ₹389 Cr Via Preferential Issue To Axis Bank

Axis Max Life Insurance Ltd (formerly Max Life Insurance Co Ltd), a leading private insurer, has decided to raise ₹389 crore to support its future growth initiatives through a preferential issue of equity shares to Axis Bank. Accordingly, Axis Max Life will issue 2.51 crore equity shares of face value ₹10 each at a premium […]

CW Bureau · Apr 3, 2026

BANKING & FINANCE Emirates NBD Gets Reserve Bank Nod To Acquire Up To 74% In RBL Bank

Emirates NBD Bank PJSC has received approval from Reserve Bank of India to acquire up to 74% of the paid-up share capital in RBL Bank, marking a significant cross-border investment in India’s banking sector. As per the regulator’s communication, ENBD will be required to maintain a minimum 51% shareholding, while its voting rights will be […]

CW Bureau · Apr 3, 2026