RBI expands credit derivatives market with launch of credit index derivatives an ..
The Reserve Bank of India has introduced a new financial tool called Credit Index Derivatives to strengthen India’s financial market. These instruments allow banks and investors to manage risk better by protecting themselves from losses if borrowers fail to repay loans. Instead of focusing on one loan, this new system is based on a group […]
Housing sales down 6% in Apr-Jun in top 7 cities, avg price up 7%: Anarock
Last year, a total of 96,285 houses were sold.These sales happened in India’s top 7 big cities.The cities include Mumbai, Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai, and Kolkata.These cities are the biggest real estate markets in the country.So, overall housing demand was strong in these major cities. business-standard https://www.business-standard.com/industry/news/housing-sales-down-6-in-apr-jun-in-top-7-cities-avg-price-up-7-anarock-126062900321_1.html
RBI’s AI risk framework to strengthen governance, oversight of AI models
RBI is planning new rules to manage risks from AI and machine learning in banks, so that these technologies are used safely and properly. Banks will have to create a clear system (MRMF) to manage risks of all models, including AI models, and get it approved by their board. The bank’s board will regularly review […]
HDFC Bank may pick new chairman before deciding on CEO extension
HDFC Bank has been cleared of allegations made by its former chairman, so now it is focusing on appointing a new permanent chairman first. After that, the bank’s board will decide whether to extend the term of its CEO Sashidhar Jagdishan, whose current term ends in October. The new chairman may be appointed in the […]
Canara Bank sanctions over Rs 7,000 crore under ECLGS 5.0; sees total opportunity at Rs 20,00
Canara Bank (a government bank) has already given more than ₹7,000 crore in loans to small businesses under a government scheme (ECLGS 5.0).The bank believes it can give around ₹20,000 crore total loans under this scheme. economictimes https://bfsi.economictimes.indiatimes.com/articles/canara-bank-sanctions-over-rs-7000-crore-loans-under-eclgs-50-eyes-rs-20000-crore-opportunity/132056078?utm_source=top_story&utm_medium=homepage
Rising debt to AI boom: BIS flags 4 major risks threatening global economy
The Bank for International Settlements (BIS) says the global economy is facing risks due to rising government debt, uncertain returns from AI investments, high inflation, and weak financial systems. These challenges may slow down future economic growth and create instability worldwide. financialexpress https://www.financialexpress.com/business/news/rising-debt-to-ai-boom-bis-flags-4-major-risks-threatening-global-economy-why-governments-must-act-now/4278644/
HDFC Bank likely to reappoint Sashidhar Jagdishan as CEO for third term
The board of HDFC Bank is planning to appoint Sashidhar Jagdishan again as MD & CEO for a third term, after legal checks found no issues in past concerns. The decision is supported by the board and Macquarie Capital, but final approval from the Reserve Bank of India is still needed. At the same time, […]
Listed pvt firms return to double-digit sales growth in FY26, led by manufacturing rebound: RBI
Indian companies are growing fast again! According to the Reserve Bank of India, private non-financial companies recorded a strong 10.1% sales growth in FY26. Manufacturing companies led this growth with 10.8%, especially in sectors like auto and food, while the services sector also performed well. However, rising input costs are becoming a concern for manufacturers. […]
Govt pushes PSU banks to develop loan products of up to ₹1 lakh each for street vendors
Indian banks can now give loans against FCNR(B) deposits, while the RBI will help manage currency risk through forex swaps on the main amount. This step is aimed at attracting more dollars into India and may increase FCNR(B) interest rates to around 6–7.1%. The RBI has also simplified rules for standby letters of credit and […]
Banks can offer loans for FCNR (B), rebook deposits, RBI clarifies
The Reserve Bank of India has made it easier for banks to use FCNR(B) deposits (foreign currency deposits) by allowing them to give loans against these deposits. RBI will help banks manage currency risk through forex swaps, mainly on the main deposit amount. This step is taken to attract more dollars into India, and because […]