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Reserve Bank of India data shows NBFC credit growth accelerated to 15.4% year-on-year in September 2026, up from 13.3% a year earlier, led by retail loans and agriculture.
CRIF report shows average microfinance loan ticket size rose 17.5% YoY to Rs 63,000 in Q2 FY27, even as the sector's portfolio fell 5% to Rs 328.4 thousand crore.
Gold loan growth stood at 83 per cent year-on-year in October, Dolat Capital reported, as overall bank credit growth reached 18.2 per cent against deposit growth of 16.7 per cent.
Indian travellers shopping at Dubai Duty Free can get a 10 per cent discount on UPI payments, capped at AED 100, NPCI International said, with Network International as acquiring partner.
Union Bank of India's report recommends cutting the 12.5 per cent LTCG rate for one-to-three-year equity holdings and exempting gains beyond three years to draw stable foreign capital.
PFRDA Chairman S Ramann said the pension corpus is projected to hit Rs 100 lakh crore by 2040, but digital innovation and wider NPS inclusion could reach it sooner.
RBI has constituted a Technical Consultative Committee for Financial Markets headed by Deputy Governor Rohit Jain, with seven external members and quarterly meetings.
IRDAI has introduced a four-layer motor insurance structure for private cars and two-wheelers, effective December 15, 2026, with third-party liability remaining mandatory.
The Reserve Bank of India has set up the Technical Consultative Committee for Financial Markets, chaired by its Deputy Governor, with seven external members including Ananth Narayan.
Bank of Baroda expects the Indian rupee to trade between 94.75 and 95.75 against the US dollar in the near term, with global crude oil prices set to drive the currency's movement.
The Reserve Bank of India has eased foreign exchange reporting for small exporters and importers of services, with the amended norms effective retrospectively from October 1.
SBI Chairman Challa Sreenivasulu Setty said the bank is working through IBA and exploring AI to counter emerging cyber threats, as Q2 FY27 net profit rose 14.3% to Rs 23,038 crore.
SBI Chairman CS Setty said the lender is targeting 14-15 per cent credit growth and 10-11 per cent deposit growth, backed by surplus liquidity of Rs 3.5-4 lakh crore.
State Bank of India posted a 14.28 per cent year-on-year rise in Q2FY27 net profit to Rs 23,037 crore, with NII up 14.69 per cent to Rs 49,143 crore and gross NPA at 1.39 per cent.
The Reserve Bank of India deems EDF submitted once resident individuals give payment details to their authorised dealer bank, effective retrospectively from October 1, 2026.
Jefferies expects Indian bank deposit growth to accelerate to 16 per cent in FY27 on foreign currency non-resident inflows, before easing to 11-12 per cent in the next two years.
ICICI Bank Research says 91-day Treasury bill yield rose to 5.93 per cent from 5.73 per cent as demand stayed weak, with the 10-year bond seen at 7.30-7.45 per cent.
Anand Rathi expects India's bank credit growth to moderate in FY27 despite strong retail and MSME demand, as higher rates, a stretched base and tight liquidity weigh on fresh loans.
Over 10,000 IDBI Bank employees will strike on November 2 and 3 against the proposed privatisation, with the United Forum of IDBI Officers & Employees urging the government to scrap the sale.
UPI transaction value rose 16 per cent to Rs 31.53 lakh crore in October, with volumes up 23 per cent to 25.47 billion, NPCI data shows, as daily volumes averaged 822 million.
