Banking Regulation

IDFC First Bank gets a new large institutional shareholder

The RBI approved ICICI Prudential Asset Management Company’s acquisition of up to a 9.95% stake in IDFC First Bank.

Goldman Sachs scales up its India investment-banking footprint

Goldman Sachs has put about $500 million into its India banking franchise over the past three years, shifting from a “future growth” posture to an active build-out, according to people familiar with the matter.

US targets Hezbollah-linked gold conversion channel in Lebanon

The US Treasury added Lebanon-based gold exchange firm Jood SARL to its sanctions blacklist for allegedly helping convert Hezbollah’s gold reserves into spendable funds.

Indian banks slow headcount growth as automation absorbs frontline workload

Large Indian banks reported flat-to-declining employee counts and sharply reduced annual hiring in FY2024-25 versus prior years, while continuing branch additions at a slower pace.

RBI updates NBFC register after mergers and opens consultation on registration exemptions

RBI said Tata Motors Finance, Piramal Enterprises and six other NBFCs have surrendered their certificates of registration, and it has issued draft 2026 directions to exempt certain NBFCs from mandatory RBI registration with public comments due by March 4, 2026.

RBI draft loosens lending caps for urban co-operative banks

RBI issued draft revised lending norms for UCBs that raise the aggregate cap on unsecured advances to 20% of total assets (from 10%) and open public consultation until March 4, 2026.

LHV Bank cleared to offer consumer credit in the UK

The UK Prudential Regulation Authority granted LHV Bank consumer credit authorisation after completing a six-month review.

RBI relaxes branch-opening rules for large gold-loan NBFCs

The RBI has removed the requirement for NBFC-ICCs with more than 1,000 gold-loan branches to obtain prior approval before opening additional branches.

India shifts bank deposit insurance pricing to a risk-based model

The RBI said banks will start paying deposit insurance premiums based on their risk profile from April 1 under a framework implemented by the Deposit Insurance and Credit Guarantee Corporation.

Shriram Finance to sell 20% stake to Japan's MUFG in ₹39,617 crore deal

Shriram Finance will sell a 20% stake to MUFG Bank for ₹39,617 crore, pending approvals, with minority protections and a non-compete fee included.

Ministry of Corporate Affairs orders SFIO probe into IndusInd Bank for accounting discrepancies

The MCA ordered an SFIO probe into IndusInd Bank over ₹1,960 crore accounting discrepancies flagged by auditors between FY2015-16 and FY2023-24.

IndusInd Bank Chairman Sunil Mehta to Step Down Amid Leadership Overhaul

IndusInd Bank chairman Sunil Mehta will step down in January amid leadership changes following major financial losses and governance lapses at the bank.

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