Credit card growth slows in June 2025, new additions drop at top banks

 23 Jul 2025 12:35 AM

Credit card issuers in India experienced a decline in new card additions in June 2025. Reserve Bank of India data indicates overall industry growth turned negative for the first time since Covid-19. Credit card spending also decreased. ICICI Bank and Kotak Mahindra Bank saw significant drops in cards in use. Banks are now focusing on high-quality customers.

PSBs ready insurance units' divestment plan

 22 Jul 2025 11:57 PM

State-run banks plan to disinvest in their insurance subsidiaries. This follows the Centre's approval of 100% foreign investment in the insurance sector. Banks like State Bank of India, Canara Bank, and Punjab National Bank may pursue IPOs and stake sales. The government is reviewing progress on unlocking value from bank subsidiaries.

RBI's financial inclusion index shows growth across all segments, rises 4.3 pc in FY25

 22 Jul 2025 02:50 PM

The Reserve Bank of India's Financial Inclusion Index (FI-Index) saw a 4.3% increase, reaching 67 in March 2025 from 64.2 in March 2024. This growth reflects improvements across all sub-indices, including access, usage, and quality. The enhanced FI-Index is attributed to greater usage and quality dimensions, indicating deeper financial inclusion and effective financial literacy efforts.

India bonds flat as traders look ahead to RBI policy; liquidity ebbs

 22 Jul 2025 11:59 AM

Indian government bonds remained stable. Traders avoided major new investments before the upcoming monetary policy review. Banking system liquidity tightened. The yield on the benchmark 10-year bond was at 6.2993%. The Reserve Bank of India's next monetary policy decision is due on August 6. Some traders anticipate another rate cut. Overnight index swap rates remained rangebound in early deals.

SBI raises Rs 25,000 crore through QIP at Rs 817 a share

 22 Jul 2025 05:46 AM

State Bank of India (SBI) successfully raised ₹25,000 crore through a qualified institutional placement (QIP), issuing 305.9 million shares at ₹817 apiece. The QIP, India's largest to date, witnessed strong demand, being oversubscribed 4.5 times, with foreign investors accounting for a significant portion. LIC increased its stake in SBI, investing ₹5,000 crore in the QIP.

SBI classifies RCom, its promoter Anil Ambani as 'fraud'; to lodge complaint with CBI

 21 Jul 2025 08:32 PM

State Bank of India has labeled Reliance Communications and Anil D Ambani as fraudulent. The bank is preparing to file a complaint with the CBI. This action follows RBI guidelines. SBI's credit exposure to RCom is significant. RCom is currently undergoing insolvency proceedings. A resolution plan awaits NCLT approval. The government is also supporting farmers through credit and insurance schemes.

SBI raises Rs 25,000 cr via share sale

 21 Jul 2025 08:01 PM

State Bank of India (SBI) on Monday said it has raised Rs 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth.

Bank PSU Bank of India declares meeting date to announce Q1 results 2025. Details here

 21 Jul 2025 04:35 PM

State-owned Bank of India declared its board meeting date to be THIS day in July 2025, when the lender will announce its Q1 2025 results. Shares closed marginally lower after Monday's stock market session. 

India bonds advance as traders build positions for another rate cut

 21 Jul 2025 10:45 AM

Indian government bonds saw a slight increase early Monday. Traders are anticipating a rate cut by the Reserve Bank of India, possibly in August. Foreign banks are buying bonds, while mutual funds and state-run banks are selling. The Reserve Bank of India's monetary policy decision is expected on August 6. India's retail inflation rate has decreased in June.

Axis Bank shares slip 2% after Q1 profit hit linked to RBI-driven bad loan spike

 21 Jul 2025 10:43 AM

Axis Bank shares faced a dip of 2.4% after Q1FY26 results. The bank's net profit fell 4% to Rs 5,806 crore. This was due to a sharp rise in provisions for bad loans. The Reserve Bank of India's intervention led to this increase. RBI flagged Axis Bank's lenient policies on stressed loans. This prompted corrective action, impacting the bank's profitability.