Category: Banking

The Reserve Bank of India has penalised HDB Financial Services Limited Rs. 4.20 lakh for disbursing loans without collecting PAN or Form 60 in some cases. RBI stressed that PAN or Form 60 is crucial for verifying customer identity, linking transactions to tax records, and ensuring regulatory compliance under the KYC framework.

The Reserve Bank of India has allowed surplus rupee balances held in Special Rupee Vostro Accounts (SRVAs) to be invested in corporate debt instruments. Under the new circular, SRVA holders can now deploy funds in non-convertible debentures, bonds, and commercial papers issued by Indian companies, widening avenues beyond government securities.

HDFC Bank delivered solid results in the September 2025 quarter, posting 9% growth in advances and 15.1% rise in deposits. CASA and time deposits also recorded healthy gains.

Kotak Mahindra Bank posted its provisional business update for Q2 FY26, with deposits rising 14.6% YoY to Rs.5.28 lakh crore and net advances up 15.8% YoY to Rs.4.62 lakh crore. CASA balances also improved 11.2% YoY. Figures are provisional and subject to statutory auditors’ review.

Union Finance Minister Nirmala Sitharaman inaugurated the nationwide ‘Aapki Punji Aapka Adhikar’ campaign in Gandhinagar, Gujarat.The initiative is designed to ensure faster settlement of unclaimed financial assets across different segments of the financial system.

Bank of Baroda car loans provide up to 90% financing of the on-road price with tenure up to 84 months. Interest rates start from 8.15% (floating) and 8.65% (fixed), with concessions for customers opting for Group Credit Life Insurance. Processing fees start at Rs. 1,500 + GST, and eligibility is based on repayment capacity.

Planning to buy a car in 2025? Compare car loan interest rates across leading banks before applying. UCO Bank offers the lowest rate at 7.60% p.a., followed by Bank of Maharashtra at 7.70% and Indian Bank at 7.75%. Premium private banks like HDFC, ICICI, and IDFC First start above 9%. See the full list of…

Split jurisdiction arises when different parts of the same loan dispute are heard in separate DRTs, creating delays and risking conflicting orders. Recent DRAT rulings stress consolidation—especially in high-value cases above ₹100 crore—so that both recovery and SARFAESI applications are decided by a single tribunal for consistency and faster outcomes.

An Original Application (OA) is the main recovery suit a bank files before the Debt Recovery Tribunal (DRT) under the RDB Act. It must ideally be decided within 180 days. Recent DRAT rulings show that restructuring talks cannot stall OA proceedings indefinitely. For bankers, the lesson is clear—keep the OA alive, maintain strong documentation, and…