FINANCING
Finance ministry rejects hike in food subsidy bill, pushes for open market grain sales
The finance ministry has rejected a proposal to increase the food subsidy outlay, citing a need for prudent spending. Instead, the Department of Expenditure suggested liquidating surplus grains in the open market and cleaning up beneficiary databases to reduce costs and curb leakages.
SBI open to collaborate with foreign banks on acquisition finance: Chairman CS Setty
SBI Chairman CS Setty stated the bank is ready to partner with foreign banks for acquisition finance. This follows the Reserve Bank of India's announcement to permit local banks to fund domestic acquisitions. SBI will leverage its in-house expertise and existing corporate finance vertical for these deals. The bank also plans a revamped Yono app launch by December.
Will meet fiscal deficit target of FY26: Finance Minister Sitharaman
Finance Minister Nirmala Sitharaman is confident the government will meet its fiscal deficit target of 4.4 per cent of GDP by March 2026. This commitment was made in Parliament. The focus will now shift to the debt-to-GDP ratio. The minister urged citizens to believe in India's economy and its people's achievements.
Bajaj Finance sees 27% surge in festive loan demand
Bajaj Finance achieved record consumer loan disbursals this festive season. The company saw a 27 percent growth in loan volume and 29 percent in value. Government reforms in GST and income tax boosted consumer spending power. Over half of the customers were new to credit, promoting financial inclusion. This indicates a positive trend in India's consumption-led growth.
Motilal Oswal’s AUM jumps 55% YoY; housing finance, AMC, and wealth units drive record profits
Motilal Oswal Financial Services (MOFSL) posted strong Q2 results with AUM up 55% YoY, driven by ₹14,000 crore inflows and 17 lakh new SIPs. The firm reported record operating profit of ₹554 crore, while housing finance disbursements jumped 50% YoY. CFO Shalibhadra Shah said stable asset quality, rising spreads, and lower funding costs will sustain growth momentum.
India's clean‑industry pipeline hampered by financing, regulatory delays, report says
India's ambition to lead the clean industrial transition faces significant hurdles, with 53 projects in development but none reaching final investment decisions this year. Outdated regulations, high financing costs, and a lack of demand-side policies are hindering progress, risking missed opportunities as China leads global investment in clean industry.
Shriram Finance shares surge 6% after Q2 net profit rises 7% YoY to Rs 2,314 crore
Shriram Finance shares rose after the NBFC reported a 7% YoY rise in Q2FY26 profit to ₹2,314 crore. Total income grew to ₹11,921 crore and interest income to ₹11,551 crore, while expenses increased to ₹8,808 crore. The company maintained steady profitability and improved asset quality.
Up to 7.65% interest rate on 3-year FD: These banks, small finance banks offer highest return on 3-year fixed deposit investment
Small finance banks are currently offering the highest interest rates on 3-year fixed deposits, with Utkarsh Small Finance Bank leading at 7.65%. Private sector banks follow, with RBL Bank at 7.20%, while public sector banks offer lower rates, topping out at 6.60% from Union Bank of India. Investors should note the DICGC insurance limit for small finance banks.
PNB Housing Finance shortlists four for MD & CEO position
PNB Housing Finance is close to appointing a new Managing Director and CEO. Four candidates have been shortlisted, with Ajai Shukla of Tata Capital Housing Finance leading the race. The company has submitted the names to regulators for approval. This appointment follows multiple leadership changes in recent years. An update on the selection process is expected soon.
Industry pushes for long-term maritime infra financing options
The growth of India's maritime industry is hindered by a lack of robust financing avenues. Shipowners are encountering challenges with banks hesitating to fund vessel acquisitions. Meanwhile, port developers are in dire need of funding options that span 30 to 50 years to ensure project viability.
AI giants turn to massive debt to finance tech race
Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn to borrowing to finance the expensive race to lead in artificial intelligence. The trend toward debt is new for internet giants long accustomed to having ample cash flow to pay for what they want.
AU Small Finance Bank Deputy CEO Rajeev Yadav resigns
AU Small Finance Bank announced Deputy CEO Rajeev Yadav has resigned. He is leaving to explore new career paths. Yadav expressed gratitude for his time at the bank. He wished AU Small Finance Bank continued success. This marks a significant change in the bank's leadership. The departure comes after 18 months of service.
Shriram Finance Q2 Results: Profit rises 7% to Rs 2,314 crore
Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Friday reported a 7 per cent increase in consolidated net profit at Rs 2,314 crore in the second quarter of the current fiscal year.
LIC Housing Finance sees double-digit growth ahead; NIMs stabilize at 2.62%, says CEO Tribhuwan Adhikari
LIC Housing Finance expects double-digit growth and stable margins despite recent rate cuts, says MD & CEO Tribhuwan Adhikari. With credit costs under control and asset quality improving, the housing finance major is eyeing a strong second-half rebound led by retail demand and key resolutions in project finance. NIMs likely to remain within the 2.6–2.8% range.
Rate cuts, GST benefits to fuel next leg of NBFC rally; earnings upside seen in H2 FY26: Shweta Daptardar
Gold loan players like Muthoot Finance are expected to see continued growth despite gold price fluctuations, driven by market leadership and internal productivity. Analysts see a robust outlook for NBFCs, with rate cuts and GST simplifications benefiting consumer and gold financiers. The microfinance sector is also showing signs of a turnaround, with improving asset quality and business augmentation.
Q2 Scorecard: Finance Capital, Finance Satin, Finance Dhanlaxmi post September quarter results
Capital Small Finance Bank saw a 5% net profit rise to Rs 35 crore, despite higher provisions and a slight asset quality dip. Satin CreditCare, an NBFC-MFI, reported a robust 19% net profit increase to Rs 45 crore, with improved margins. Dhanlaxmi Bank turned profitable with Rs 12.18 crore net profit, driven by a significant net interest income jump.
PNB Housing Finance says regulatory process underway for new MD & CEO; Jatul Anand to lead interim
Girish Kousgi has formally exited as PNB Housing Finance's MD & CEO, with his tenure concluding on October 28, 2025. Executive Director Jatul Anand will serve as interim head while the company seeks regulatory approval for a new full-time leader. Kousgi had resigned in July citing personal reasons and a desire to pursue external opportunities.
RBI returns Jana Small Finance Bank's universal bank application
Jana Small Finance Bank’s plan to transition into a universal bank has hit a setback after the Reserve Bank of India (RBI) returned its application citing non-fulfilment of eligibility criteria. Managing director Ajay Kanwal said the bank will reapply after addressing the gaps, adding, “We respect RBI’s decision and will work to fulfil the requirements.”
RBI returns Jana Small Finance Bank's universal bank application
Jana Small Finance Bank said on Tuesday that the Reserve Bank of India (RBI) has returned its application to transition into a universal bank, citing non-fulfilment of required criteria. Managing Director and CEO Ajay Kanwal said the communication from the RBI, received on Monday evening, did not specify the exact reasons.
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