Atmadip Ray
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DSE alumnus. Journalist with @EconomicTimes with primary focus on banking & finance. Sports, photography are passion. Views personal, RT no endorsement
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Articles by Atmadip Ray
RBI issues new domestic money transfer guidelines, retains Rs 50,000 NEFT remittance limit
4 hours ago Qualcomm layoffs in India could affect up to 1,000 employees as part of a reported global restructuring involving approximately 3,600 job cuts. Qualcomm's global restructuring is reportedly beginning to affect its India operations, where up to 1,000 employees could lose their jobs. The company has …
NRIs parked $4.8 billion in local deposits between April and May
Synopsis To take advantage of weakening rupee and higher returns, NRIs have pumped in a record $4.753 bn in local bank deposits. KOLKATA: Call it dollar deluge from overseas Indians. To take advantage of the weakening rupee vis-a-vis dollar and higher returns, non residents have pumped in a record $4.753 billion in local bank deposits during April and May, seven times higher than the same period last year.
Blackstone set to acquire 15% of IIFL for Rs 5,000 crore
Qantas 1 hour ago Qantas to cut 850 corporate jobs as it moves roles overseas in Accenture deal abc.net.au - Stephanie Chalmers, Liana Walker • 1h Qantas will move roles overseas and cut 850 positions under an outsourcing deal with tech firm Accenture.
Systemic liquidity seen uneven as some banks continue market borrowing
Kolkata: Several banks are regularly borrowing from the market despite the massive inflows of foreign currency funds into the banking system, indicating that the excess systemic liquidity is not evenly distributed. Issue of certificates of deposits more than doubled to Rs 1.15 lakh crore in September from Rs 56,271 crore in August, Reserve Bank of India data showed, even as some banks shed bulk deposits using the liquidity built from cheaper foreign currency non-resident (FCNR) deposits.
IHC, First Abu Dhabi eye stake in Bandhan Bank promoter
Mumbai|Kolkata: IHC, the investment company of Abu Dhabi’s national security adviser and deputy ruler Sheikh Tahnoon bin Zayed al-Nahyan, is among those in early-stage discussions to buy into the promoter of Bandhan Bank, Bandhan Financial Services (BFSL), which owns a little more than a third of the private lender, said people aware of the development. The move is aimed at giving early stage financial investors an opportunity to sell stakes.
Rupee rebounds nearly 1% after RBI moves to curb speculative trades
Kolkata: The rupee bounced back nearly 100 paise, or 1% Monday to 95.77 a dollar from the near all-time low following the Reserve Bank of India's measures to curb speculative currency trades. The currency opened the day at 95.76 a dollar against the previous close of 96.73 and gained to 95.5850 as the separate window for meeting dollar demand from state-owned oil marketing companies eased pressure on the spot rupee.
Weak rains clouds recovery in Rs 3.3 lakh crore microfinance sector
Weak rains clouds recovery in Rs 3.3 lakh crore microfinance sector Weak rains clouds recovery in Rs 3.3 lakh crore microfinance sector By , ET BureauLast Updated: Oct 09, 2026, 06:55:00 AM IST Follow us Font Size India's microfinance sector, with a market worth ₹3.30 lakh crore, is encountering credit risk hurdles. Key factors include inconsistent rainfall and drought in critical states such as Karnataka and Maharashtra, which deeply influence the agricultural economy tied to rural borrowers.
RBI likely to hike repo rate by 25 bps to 5.50% in October policy: ET Poll
Finance Now Stock Radar: Dr Lal PathLabs stock hits fresh record high in September; will the rally continue in October 2026? Indiatimes - Kshitij Anand • 15m What’s Included with ETPrime Membership 1Invest Wisely With Smart Market Tools & Investment Ideas Alpha Trade Get daily trade ideas from SEBI-registered … India News 3 hours ago India built the world’s largest digital payments system for free.
Share of high-value micro loans rise: Report
Share of high-value micro loans rise: Report Share of high-value micro loans rise: Report By , ET BureauLast Updated: Sep 25, 2026, 01:29:00 PM IST Follow us Font Size The share of high-value microfinance loans above ₹75,000 to individual borrowers rose to 41% in Q1 FY27, from 28% a year earlier, as lenders increasingly focused on existing borrowers with established credit histories.
Numbers Boost: FCNR-B inflows help banks cut expensive bulk deposits
Synopsis Indian banks are actively reducing costly bulk deposits after strong foreign currency inflows. This strategy helps optimize funding costs and potentially boost profitability for lenders. Larger banks are realizing significant savings by replacing these expensive funds. Overall, banks are expected to mobilize substantial amounts through the FCNR-B window. This shift reflects a strategic move to strengthen liquidity profiles.
RBI MPC puts Q3 rate hike in play if inflation risks show up big
Finance 7 hours ago Fed officials warned rate hikes may be needed if inflation stays high Axios - Courtenay Brown • 7h Many Federal Reserve officials believed that the central bank would have to raise interest rates if inflation did not ease, according to the minutes … Emerging Markets 12 hours ago Should You Add Emerging Market ETFs to Your Portfolio Now?
Ananya Birla-promoted Svatantra Microfin files for Rs 3,000 crore IPO
Synopsis Svatantra Microfin has filed for a Rs 3,000 crore IPO, comprising Rs 1,500 crore fresh shares and Rs 1,500 crore OFS. Promoter Ananya Birla owns nearly 60%, while Advent and Multiples plan to pare holdings. The microfinance lender reported Rs 21,093 crore AUM as of March 2026, making it India’s second-largest MFI. Ananya Birla, the chairperson and non-executive director, has a direct 26.48% holding, while her firm Antimatter Media holds another 33.49% in the microfinance lender.
Microfi nance asset quality improves further as loans at risk fall to 2.3% in June: CRIF
Kolkata: Microfinance asset quality stress eased further in June, with the share of portfolio at risk falling to 2.3% from 2.6% three months prior, data from CRIF High Mark showed. The ratio was 7.1% a year earlier and 7.6% as of end-March 2025. The data captures loans that remained unpaid for up to 180 days from their due date. Loans that remained unpaid beyond 180 days are not captured.
RBI proposes a leverage ratio of 3.5% for ‘important’ global banks
Business (India) 1 hour ago Dhoot Transmission’s wired to grow, could be good for long run Indiatimes - Snehal Mergu • 1h Dhoot Transmission, an electrical components manufacturer, plans to raise ₹1,400 crore through a fresh issue for repayment of debt, investment in … Russia Sanctions 11 hours ago US Senate Passes Russia Sanctions Bill Championed by Graham Bloomberg - By Steven T.
Patanjali insurance? IRDAI approves Patanjali, DS Group's acquisition of Magma General Insurance
15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers Trial offer expiring in00 : 05 : 00 Uh-oh! This is an exclusive story available for selected readers only. Worry not. You’re just a step away. It seems like you're already an ETPrime member with Login using your ET Prime credentials to enjoy all member benefits Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.
Equitas SFB returns to profit in Q1 as provisions fall sharply
Equitas Small Finance Bank, Equitas SFB Q1 results, net profit, provisions, asset quality, gross NPA, net interest margin, assets under management, banking sector, June quarter earnings Equitas Small Finance Bank reported Rs 184 crore net profit for the first quarter of the fiscal against a loss of Rs 224 crore in the year ago period. It earned a net profit of 213 crore in the fourth quarter of the last fiscal.
Small, medium banks offer higher rates to attract NRI deposits
Synopsis Small and mid-sized Indian banks are ramping up FCNR(B) deposit rates to attract non-resident Indians after interest rate deregulation, offering returns above 7.4–7.5% without leverage benefits. In contrast, larger banks are focusing on structured offerings with high leverage (9–19x) but keeping base rates below 7%, leveraging their global partnerships and strong NRI relationships.
Small, medium banks offer higher rates to attract NRI deposits
HDFC Bank 10 hours ago HDFC Bank takes BIG action against top execs, CEO and CFO slapped with fines, issued warning letters due to…; what exactly happened? news24online.com - Gazi Abbas Shahid • 10h In a major development at the HDFC Bank, the institution has imposed a fine of Rs 1 lakh each on its top executives, including Managing Director and … Air India 1 hour ago Air India FY26 Net Loss Doubles To Rs 22,238 Crore: Turnaround To Take 5-10 Years, Says N.
AU Small Finance Bank raises NRI deposit rates by 30-60 basis points
Synopsis AU Small Finance Bank has increased its non-resident deposit rates by up to sixty basis points. The bank raised its peak interest rate on FCNR-B deposits to seven point four percent. NRE deposit rates were also increased to seven point six percent for specific tenures. FCNR-B deposits attract dollar inflows and protect against exchange rate fluctuations. The bank seeks liability-led asset growth through these deposit channels.
AU Small Finance Bank Q1 net profit jumps 37% to Rs 796 crore
Kolkata: AU Small Finance Bank on Saturday reported a 37% jump in first quarter net profit at Rs 796 crore over Rs 581 crore in the year ago period, backed by improved asset quality, normalisation of unsecured loans and healthy business growth. The Jaipur-headquartered lender, which is in a transition into a universal bank, also announced the elevation of chief operating officer Yogesh Jain to deputy chief executive officer to strengthen the leadership bandwidth.
118-year-old Calcutta Stock Exchange plans comeback with new trading platform
Money (India) Now Exclusive | Motilal Oswal opens up on succession, 10X profit goal and his 39-year partnership with Raamdeo Agrawal Indiatimes - Nikhil Agarwal • 53m Billionaires Motilal Oswal and Raamdeo Agrawal are targeting a tenfold profit increase at Motilal Oswal Financial Services (MOFSL) over the next … India News 3 hours ago India refuses rushed US trade deal, puts national interests and long-term gains first: Report Firstpost - FP Business Desk • 3h India has rejected the...
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
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West Bengal eyes Calcutta Stock Exchange revival to reclaim financial hub status
Investing 2 hours ago Forget Nvidia: Four Billionaires Who Rarely Agree on Anything Hold the Same Overlooked Chip Stock 247wallst.com - Omor Ibne Ehsan • 2h Four billionaire portfolio managers who almost never end up on the same side of a trade quietly converged on Taiwan Semiconductor Manufacturing … Money 2 hours ago Mark Cuban doubles down on the stock market and Elon Musk TheStreet - Hillary Remy • 2h The SpaceX IPO made Elon Musk the world’s first trillionaire.
Banks likely to go all out to attract diaspora investment
Synopsis RBI's decision to bear the hedging cost on FCNR-B deposits and exempt banks from maintaining the cash reserve ratio and statutory liquidity ratio against those deposits would save around 300 basis points of operational cost for banks, senior bankers said. "I have told our team to raise FCNR-B rates by 150 basis points to start with. We can increase rates up to 200 basis points ," Canara Bank managing director Brajesh Kumar Singh told ET.
RBI to bear full hedging cost on FCNR(B) deposits
Synopsis The Reserve Bank of India is stepping in to boost dollar inflows. It will cover the full hedging cost for banks attracting foreign currency non-resident deposits. This incentive applies to new deposits with three to five-year tenures. The move aims to encourage banks to bring more foreign currency into the country. This initiative is in effect until September 30.
Satin Creditcare promoters to infuse Rs 100 crore, raise stake
Atmadip Ray Microfinance company Satin Creditcare Network's promoters are all set to raise their holding to 38.32% from 36.17% with the company board approving issuance of warrants on preference. The company will issue up to 38.5 lakh fully convertible warrants to the promoter and promoter group at Rs 260 per warrant, aggregating to Rs 100 crore, it informed the stock exchanges.
RBI announces UPI launch in Cambodia: What it means for Indian tourists & businesses
Synopsis Unified Payments Interface (UPI) services are now live in Cambodia, enabling Indian travelers to make QR code-based payments. This collaboration between NPCI International Payments Ltd and Acleda Bank Plc allows interoperability for person-to-merchant transactions, with over 4.5 million Cambodian merchants now enabled. Listen to this article in summarized format ET Online The Unified Payments Interface (UPI) services will now be available at Cambodia, Reserve Bank of India said Wednesday.
NRIs pull out $2 billion from bank deposits
Synopsis Overseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve Bank of India data shows a contraction in Non-Resident Indian deposit inflows. Experts anticipate geopolitical uncertainties will impact NRI deposits further if conflicts persist. Withdrawals were seen in Non-Resident External Rupee Accounts and Non-Resident Ordinary accounts.
Indian diaspora withdraws $2 bn from banks amid West Asia turmoil
Synopsis Indian diaspora withdrew nearly two billion dollars from local banks in March. This withdrawal was driven by geopolitical conflicts in West Asia. NRI deposits saw an annual contraction in the fiscal year. Experts anticipate a more significant impact on NRI deposits if uncertainties persist. Outflows were noted in NRERA and NRO accounts, while FCNR(B) accounts remained stable.
Shivalik Small Bank closes in on ManiBhavnam Home Finance
Synopsis Shivalik has received Reserve Bank of India's (RBI) approval for this acquisition while it has sought clearance from the Registrar of Companies. The deal comprises share swaps and a cash payment, people familiar with the matter said.
Foreign remittances to Kerala stay resilient despite West Asia crisis
Synopsis Money from non-resident Indians to Kerala remains strong. Banks like Federal Bank and South Indian Bank show growth in deposits. This inflow is vital for Kerala's economy. A weaker rupee also boosts remittances. Experts believe inflows will continue unless job losses in the Middle East occur. A prolonged conflict could pose a long-term risk.
Equitas Small Finance Bank Q4 profit soars 5-fold on expansion, asset quality
Atmadip Ray Equitas Small Finance Bank reported a five-fold surge in fourth quarter net profit at Rs 213 crore as compared with Rs 42 crore in the year ago period, backed by expanded business, improvement in asset quality and lower provisions. The pre-provision operating profit stood about 30% higher at Rs 403 crore against Rs 311 crore earlier. Provisions were at 124 crore against Rs 258 crore in the year ago period.
Equitas Small Finance Bank Q4 profit soars 5-fold on expansion, asset quality
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Microfinance sector returns to growth after 11 quarters of contraction, loan portfolio rises 5.3%
Forget Becoming Third Largest, India Won’t Even be a $5 Trillion Economy by 2029 Of In 2019, when his first term (Modi 1.0) was concluding, Prime Minister Narendra Modi promised to make India a $5 trillion economy by the time his …
Uco Bank Q4 profit jumps 23% on lower provisions; margins dip
Lower provisions helped state-owned Uco Bank report a 23% rise in fourth quarter net profit at Rs 801 crore as against Rs 653 crore in the year-ago period. The bank's operating profit, meanwhile, stood lower at Rs 1573 crore against Rs 1699 crore due to a fall in both core and non-interest income. Its net intest margin for the quarter was at 3% as compared with 3.08% three months prior.
PNB Housing Finance gives 18-20% growth guidance in FY27
Kolkata: PNB Housing Finance has given a guidance of 18-20% growth in gross loan portfolio this fiscal as compared with 15% growth in FY26, expecting no spillover effect on housing demand from the West Asia crisis. The deposit-taking housing finance company is expecting net interest margin to be around 3.55-3.65% in FY27 while it recorded 3.69% margin in the fourth quarter. It also aims to recover around Rs 200 crore from the written off loan pool which would drive the credit cost "benign".
RBI returns Ujjivan Small Finance Bank's application for universal bank licence
Kolkata: The Reserve Bank of India (RBI) has returned Ujjivan Small Finance Bank's application for voluntary transition into a universal bank saying that the bank needs to diversify its portfolio. The central bank has also advised Ujjivan to consider applying again after demonstrating a diversified asset pool. "The RBI through their aforesaid letter took note of the bank’s recent efforts toward diversification of its loan portfolio.
Credit penetration among women rise 5-fold to Rs 76 lakh crore between 2017 and 2025
Kolkata: Credit penetration among women borrowers increased five fold to Rs 76 lakh crore in the past eight years to 2025 accounting for 26% of the total system level credit, a TransUnion Cibil report showed. About a quarter of the total Rs 76 lakh crore loans was availed off by women for business purposes. The share of business purpose loans rose from 16% in the past eight years, while the share of personal loans came down to 71% from 77% between 2017 and 2025, the data showed.
CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh Narayanan
CreditAccess Grameen, the country's largest NBFC-MFI, added about a million new borrowers in FY26 and expanded its portfolio 14% year-on-year to Rs 29,590 crore, in a reflection that lenders with strong promoter backing are leading the sector's revival. Nevertheless, the company looks to scale down microfinance growth and instead focus on diversifying into businesses such as home loans.
Sa-Dhan backs continued microfinance guardrails, suggests RBI steering panel
Articles 1 min read Sa-Dhan, a microfinance self-regulator, recommends maintaining lending guardrails for bottom-of-the-pyramid customers. These rules aim to prevent over-indebtedness. The industry has shown signs of recovery. Discussions at a Mumbai conclave highlighted the need for continued focus on governance and customer well-being. The Reserve Bank of India's Satish Marathe proposed a steering committee for regular interactions and issue resolution.
Economists see prolonged rate pause; hike risks hinge on oil, geopolitics
9 hours ago Legal experts say the 64-year-old grandmother’s harsh conviction is mainly based on offensive speech-making, a move that raises questions about India’s tolerance of dissenting voices. Activists and legal experts have condemned an Indian court’s verdict that handed down three life sentences to …
RBI sees BoP improving despite oil risks, remittances to stay strong
Articles 3 min read India's balance of payment is set to improve. The Reserve Bank of India anticipates a stronger financial position. Higher crude oil prices may initially impact the current account deficit. Increased remittances are expected to boost foreign exchange reserves. Government efforts to reduce oil import reliance are underway. Indian exporters are exploring new global markets.
RBI revamps business correspondent model to boost last mile delivery of financial services
Synopsis The Reserve Bank of India is overhauling its business correspondent system. New service points, Business Correspondent-Banking Outlets and Business Correspondent-Banking Touchpoints, will be introduced. This aims to improve customer service and expand financial inclusion across India. Banks must conduct thorough checks on new correspondents. These changes are proposed to enhance banking access.
Small finance banks make it big on micro revival
Synopsis Small finance banks in India have concluded fiscal year 2026 with robust business growth. These lenders experienced higher-than-average loan portfolio expansion, exceeding 20%. This positive trend was significantly supported by a revival in microfinance lending. Asset quality also saw notable improvement across these banking entities. This indicates a healthy recovery in the bottom of the pyramid borrower segment.
AU Small Finance Bank logs higher deposit growth than gross loan expansion
Kolkata: AU Small Finance Bank's deposit growth outpaced its gross loan portfolio expansion, bucking an industry trend. The bank on Saturday reported a 22.8% year-on-year deposit growth to Rs 1.53 lakh crore at the end of March while its gross loan portfolio, which includes securitised loans, grew 21.3% year-on-year to Rs 1.40 lakh crore.
AU Small Finance Bank logs higher deposit growth than gross loan expansion
SECTIONS AU Small Finance Bank logs higher deposit growth than gross loan expansion By , ET BureauLast Updated: Apr 04, 2026, 01:55:00 PM IST Follow us Font Size AbcSmall AbcMedium AbcLarge Synopsis AU Small Finance Bank reported a 22.8% year-on-year deposit growth to Rs 1.53 lakh crore at the end of March while its gross loan portfolio, which includes securitised loans, grew 21.3% year-on-year to Rs 1.40 lakh crore.
Bank deposits may grow in currency amid market volatility
The Cost of Everyday Things in China vs. India This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety …
Bank deposits may grow in currency amid market volatility
Articles 2 min read This financial year, banks may find themselves with lower liquidity risk as the gap between credit and deposit growth begins to close. With geopolitical uncertainties on the rise, many savers are turning to the stability of bank deposits rather than riskier market assets. Experts predict that deposit growth could see an upswing, boosted by potential interest rate increases.
Update from five south-based banks: All report higher credit growth than deposit growth
Kolkata: State-owned Indian Bank said its gross advances grew 13.6% year-on-year to Rs 6.68 lakh crore at the end of March while deposit mobilisation rose 12.6% to Rs 14.98 lakh crore. Four south-based private banks, which updated quarterly business numbers Monday, also saw their gross advances growth outpacing deposit expansion, in line with the industry trend.
Utkarsh Small Finance Bank sold Rs 1491 crore of bad loans for just Rs 195 crore
Kolkata: Utkarsh Small Finance Bank Tuesday said it has completed selling bad loans of Rs 1491 crore to assreconstruction companies. The sale was done for a total consideration of Rs 195 crore, which is merely 13% of the outstanding pool sold. Utkarsh informed the stock exchanges that two separate pools of stressed microfinance loans were put on block. The first pool of 2.92 lakh accounts amounting Rs 1016 crore was sold to Asset Reconstruction Company India Ltd (ARCIL) for Rs 133 crore.
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