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The Reserve Bank of India has placed Puducherry Co-operative Urban Bank under restrictions after citing financial instability and supervisory non-compliance. Customers will be allowed to withdraw only up to Rs 5,000 over the next six months, while eligible depositors may claim up to Rs 5 lakh under deposit insurance cover.
Kerala’s government has approved a plan to launch flight services through the cooperative sector, a move that signals an unusual expansion of the state’s cooperative model into aviation. Chief Minister Pinarayi Vijayan said the project will be spearheaded by MVR Cancer Centre Chairman C N Vijayakrishnan, while the government will guarantee deposits made by people in the cooperative sector.
Indian Bank has increased deposit rates by 15 basis points, signalling that the lender is still working to stabilise its funding profile after a quarter marked by slower term-deposit mobilisation and a sharp reduction in bulk deposits. The move comes after managing director Binod Kumar said the bank did not have surplus liquidity and had relied on regulatory flexibility to raise foreign currency non-resident-bank deposits.
CoinDCX has acknowledged operational losses linked to a process involving deposits sent to older wallet addresses, while insisting that its active wallets were not compromised. The disclosure comes as India’s crypto sector remains under intense scrutiny over custody, security controls, and exchange transparency. The company’s framing suggests a contained incident rather than a broad security breach, but it is likely to renew questions about wallet management and user safeguards.
India’s leading private sector banks reported a narrowing in net interest margins in the second quarter, as the cost of foreign currency non-resident deposits weighed on funding profiles. Analysts said the leveraged structure of FCNR deposits, combined with faster repricing of assets as interest rates eased, created a sharper squeeze on profitability than many lenders had anticipated.
Analysts say Fairfax Financial Holdings’ premium for IDBI Bank is being justified less by near-term earnings optics and more by the strategic value of scale, branch reach and a large low-cost deposit base in India. The deal, they argue, could give Fairfax a stronger platform to build a diversified financial ecosystem across banking and adjacent financial services.
Analysts say Fairfax Financial Holdings’ premium for IDBI Bank is being justified less by near-term earnings optics and more by the strategic value of scale, distribution and a larger deposit franchise in India. The deal is viewed as a potential platform for building a more diversified financial ecosystem, with branch reach and liability growth at the center of the investment case.
Indian banks are preparing for a hit to fee income as proposed insurance distribution rules threaten to curb bancassurance payouts, a lucrative source of non-interest revenue. Central Bank of India expects a 33% decline in bancassurance fees, while Canara Bank sees a ₹145-crore impact and larger lenders are still assessing the damage.
President Donald Trump’s latest executive order on housing is aimed at reducing the cost of owning and refinancing a home, with a particular focus on mortgage insurance and related fees. The move is designed to ease monthly burdens for borrowers, but its practical impact will depend on how federal agencies translate the directive into policy and whether lenders pass savings through to consumers.
President Donald Trump has signed an executive order aimed at reducing housing-related borrowing costs, with a particular focus on mortgage insurance and refinance expenses. The move is intended to make homeownership and refinancing more affordable, but its practical impact will depend on how federal agencies translate the directive into policy and whether lenders pass savings through to borrowers.
Indian banks are preparing for a meaningful hit to fee income as proposed insurance regulations threaten to reduce bancassurance commissions and related payouts. Central Bank of India expects a 33% decline in bancassurance fees, Canara Bank sees a ₹145-crore impact, while Axis Bank is leaning on higher volumes and alternate revenue streams to soften the blow.
Indian banks are preparing for a hit to fee income as proposed insurance distribution rules threaten bancassurance revenues, a business line that has become increasingly important to non-interest earnings. Central Bank of India expects a 33% decline in bancassurance fees, while Canara Bank sees a ₹145-crore impact and Axis Bank is looking to offset the pressure through higher volumes and alternate income streams.
India’s markets regulator has moved to widen the scope of the Consolidated Account Statement, seeking to bring investors’ insurance policy details into a single, unified financial snapshot. The proposal, outlined by Sebi Chairman Tuhin Kanta Pandey, is part of a broader push to improve transparency, simplify compliance and make it easier for households to track their financial assets across products and institutions.
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