Actor Suchitra Krishnamoorthi in tiff with ICICI Lombard, likens claim process
Actor Suchitra Krishnamoorthi has publicly spoken out against ICICI Lombard over the rejection of her health insurance claim. Actor Suchitra Krishnamoorthi has raised allegations against ICICI Lombard regarding the denial of her insurance claim. Actor Suchitra Krishnamoorthi has voiced strong criticism of ICICI Lombard after her health insurance claim was turned down. Actor Suchitra Krishnamoorthi […]
How companies raise short-term funds
Companies are increasingly opting for commercial papers (CPs) to raise short-term funds rather than depending solely on bank loans. As per data from the Reserve Bank of India, firms raised ₹5.37 trillion through CPs in the April–June quarter of FY27, marking the highest quarterly mobilisation in the past 18 quarters. In June alone, issuances touched […]
Moody’s Ratings affirms SBI, HDFC Bank ratings on strong asset quality
Moody’s Ratings on Tuesday reaffirmed the ratings of State Bank of India and HDFC Bank, maintaining a stable outlook, citing strong asset quality. In separate statements, Moody’s confirmed the ‘Baa3’ long-term deposit ratings along with the ‘baa3’ Baseline Credit Assessment (BCA) and adjusted BCA for both SBI and HDFC Bank. “SBI’s rating affirmation with a […]
Insurance distribution lifts fee income at most public sector banks in FY26
Public sector banks recorded higher commission income from insurance sales in FY26, with most lenders reporting growth in this segment. However, earnings from mutual fund distribution showed a mixed trend, as some banks witnessed an increase while others reported a decline. According to an analysis of annual reports by PTI, the country’s largest lender, State […]
RBI directs bank boards to sharpen strategic focus
The Reserve Bank of India on Tuesday issued revised guidelines to streamline the matters placed before bank boards, aiming to improve the efficient use of board time and encourage more focused discussions on strategy and risk oversight. The updated directions also require boards to clearly identify the matters that need their approval and to regularly […]
RBI DG Swaminathan to internal ombudsmen
RBI Deputy Governor Swaminathan J has urged Internal Ombudsmen (IOs) to focus on identifying recurring issues and improving customer complaint resolution across financial institutions. Speaking at the annual Internal Ombudsmen Conference, he emphasized the need for fair, effective, and meaningful resolution of complaints. He also highlighted the importance of root-cause analysis and implementing corrective measures […]
AI, identity, real-time payments resetting cyber threat landscape
The fast transformation of the banking and financial sector is creating a completely new cybersecurity threat landscape, according to a recent report. It highlights that traditional security systems are no longer enough for today’s highly connected financial world. The Digital Threat Report 2025–26, released on Monday, explains that older cybersecurity models were built for centralized […]
Govt close to accepting sweetened Fairfax Financial offer for IDBI Bank
India’s government is close to finalizing a deal with Fairfax Financial Holdings Ltd. for the sale of IDBI Bank Ltd., possibly at a slightly higher price, according to sources familiar with the matter. Fairfax, whose earlier bid was below the government’s expected reserve price, is likely to increase its per-share offer by a few rupees. […]
Commercial papers explained: How companies raise short-term funds
Companies are increasingly choosing commercial papers (CPs) to raise short-term funds instead of depending only on bank loans. According to data from the Reserve Bank of India (RBI), companies raised ₹5.37 trillion through CPs during the April–June quarter of FY27 — marking the highest quarterly fundraising in the last 18 quarters. In June alone, issuances […]
Govt close to accepting sweetened Fairfax Financial offer for IDBI Bank
India’s government is nearing an agreement with Fairfax Financial Holdings Ltd. for the sale of IDBI Bank Ltd., possibly at a slightly improved price, according to sources familiar with the matter. Fairfax, whose earlier bid was below the government’s expected reserve price, is now likely to increase its per-share offer by a few rupees. However, […]