MUMBAI: :Gold loans continued to expand at a triple-digit pace in the 12 months up to May 2026, even as housing loan growth slowed to 10.9%, pulling overall personal loan growth down to 15.4% and leaving it trailing a 20% rise in services credit. The services sector increased its share of bank loans driven by…
MUMBAI: Bank of Baroda and Mizuho Bank have entered a strategic partnership to jointly pursue M&A financing, structured lending, and cross-border corporate banking, as deal activity and capital needs rise. The tie-up combines Mizuho’s global network and structured finance expertise with Bank of Baroda’s domestic franchise and corporate relationships. It comes after Mizuho acquired a…
MUMBAI: Commodity inflation driven by the West Asia war has been ‘significant’ in the June quarter and it will take a while for things to come to normalcy, said Nitin Paranjpe, chairman at Hindustan Unilever (HUL), projecting short-term growth to be hit by volatility and challenges. The conflict that dragged on for months disrupted energy…
MUMBAI: Banks’ bad loans, which are at a multi-decadal low, are expected to rise marginally to 1.9% by March 2028 under a baseline scenario from 1.8% in March 2026, even as capital ratios are projected to moderate over the same period according to RBI’s bi-annual Financial Stability Report. According to the macro stress test results…
MUMBAI: Kotak Mahindra Bank has agreed to acquire Deutsche Bank’s India retail, private banking and wealth business for Rs 282 crore, as a going concern on a slump sale basis . The deal will strengthen the bank’s affluent and SME franchise through an inorganic push, the bank said. The acquired portfolio comprises Rs 29,000 crore…
Seeking mobile numbers for policy information ‘dark pattern’: Irdai chief Ajay Seth (Image/ANI) MUMBAI: Irdai has flagged insurers seeking personal information to provide quotes or policy details as a ‘dark pattern’ and has commissioned a study by a public policy institute to define and track such practices over nine months. Speaking at an event organised…
The report said the motivation behind buying gold is becoming increasingly strategic Central banks across the world are increasing their gold holdings as geopolitical tensions reshape reserve management strategies, with many also planning to reduce their exposure to the US dollar over the coming decade, according to a new survey by the Official Monetary and…
The US-Iran peace deal could provide support to India’s economic growth by helping normalise supply chains The interim peace deal between Iran and the United States could provide support to India’s economic growth by helping normalise supply chains and easing geopolitical pressures, the Reserve Bank of India (RBI) said in its bi-annual Financial Stability Report…
Oil prices were on track on Tuesday for their biggest quarterly decline since the early months of the Covid-19 pandemic in 2020, as investors closely monitored the possibility of fresh US-Iran talks amid growing uncertainty over a fragile ceasefire agreement.Brent crude futures for August delivery, which expire on Tuesday, rose 12 cents, or 0.16%, to…
GST’s taxpayer base has expanded significantly since its rollout, rising from 66.5 lakh in 2017 to 1.65 crore as of May 2026, reflecting greater formalisation of the economy. When the Goods and Services Tax (GST) was rolled out on July 1, 2017, it marked India’s biggest overhaul of indirect taxation since Independence. Replacing a patchwork…