- #1economic_timesneutral
RBI may keep rates unchanged, focus on rupee stability and bond yields
India's Reserve Bank of India (RBI) Monetary Policy Committee meets amid war-driven economic uncertainty, with a rate hold widely expected while markets closely watch signals on rupee defence and bond yield management. Economists urge a balanced communication strategy that acknowledges inflation and growth risks without committing to an aggressive policy trajectory.
RBI expected to hold rates; rupee stability and bond yield guidance will dominate MPC communication.
monetary_policyforex - #2economic_timespositive
IIFCL to double InvITs exposure to Rs 6,000 cr this fiscal
India Infrastructure Finance Company Limited (IIFCL) plans to double its exposure to Infrastructure Investment Trusts (InvITs) from ₹3,000 crore to ₹6,000 crore by March 2027, targeting transport, urban infrastructure, and clean energy. The state-backed lender reports strong financial health with a 21% capital adequacy ratio and net non-performing assets of just 0.3%.
IIFCL targets ₹6,000 crore InvIT exposure by FY27, doubling its current infrastructure trust portfolio.
capital_marketscorporate_finance - #3economic_timespositive
NeSL enabling real-time access to digital debt & claims data in insolvency cases
Amendments to India's Insolvency and Bankruptcy Code (IBC) elevate National E-Governance Services Limited (NeSL) to a legally mandated gateway for all insolvency proceedings, allowing its Records of Default (RoDs) to serve as sufficient evidence of default before adjudicating authorities. NeSL is also developing electronic insurance surety bonds to help micro, small, and medium enterprises (MSMEs) access capital without collateral.
IBC amendments make NeSL's default records legally sufficient evidence, accelerating insolvency admissions within 14 days.
npa_resolutionregulation - #4hindu_businesslinenegative
Banks turn to RBI for relief as rising yields strain their G-Sec portfolio
Indian banks are seeking RBI permission to spread mark-to-market provisioning losses on government securities (G-Secs) over four quarters after yields on the 10-year benchmark bond surged 45 basis points to 7.04% in the fourth quarter of FY26, triggered by the West Asia war. Rising oil price concerns are fuelling expectations of a repo rate hike as early as June, further pressuring bank treasury portfolios.
G-Sec yields jumped 45 basis points in Q4 FY26, prompting banks to seek RBI relief on provisioning losses.
government_securitiesregulation - #5economic_timespositive
CII's 20-Point Policy Agenda calls for coordinated fiscal, financial and trade response to West Asia crisis
The Confederation of Indian Industry (CII) has outlined a 20-point policy agenda urging coordinated fiscal, monetary, and trade responses to the West Asia crisis, with particular focus on stressed MSMEs, exporters, and energy-intensive industries. Key proposals include a conflict-linked emergency credit guarantee scheme and a three-month loan restructuring window for export-linked small businesses.
CII urges a conflict-linked credit guarantee scheme and MSME loan restructuring window to cushion West Asia crisis impact.
monetary_policyeconomy_macro - #6hindu_businesslinepositive
ESAF SFB Q4 deposits rise 11% y-o-y
ESAF Small Finance Bank grew total deposits 11% year-on-year to ₹25,850 crore in Q4FY26, while advances surged 19.4% driven by a sharp 37.9% rise in secured lending. The bank's strategic shift toward lower-risk assets lifted the secured loan share to 61%, and disbursements more than doubled to ₹42,529 crore in FY26.
Secured advances rose 38% year-on-year, lifting their share of total loans to 61%.
banking_supervisionfinancial_inclusion - #7hindu_businesslineneutral
Utkarsh SFB sees marginal deposit growth, strong disbursement shift in Q4FY26
Utkarsh Small Finance Bank posted near-flat deposit growth of 0.4% year-on-year in Q4FY26, while its gross loan portfolio contracted marginally by 1.7%, reflecting cautious credit deployment. Non-Joint Liability Group disbursements surged 51.4% year-on-year, signalling a deliberate pivot toward secured and diversified lending segments.
Non-JLG disbursements jumped 51% year-on-year, signalling a clear pivot away from microfinance lending.
banking_supervisionfinancial_inclusion - #8financial_expressnegative
‘India is underweight as growth cools and valuations stay expensive’: Gautam Chhaochharia of UBS Securities
UBS Securities' Gautam Chhaochharia says India is currently underweight in global portfolios as cooling growth and elevated valuations make it less competitive against other emerging markets. He warns that prolonged West Asia conflict could amplify supply-chain disruption, currency pressure, and macro uncertainty, further dampening foreign investor appetite for Indian equities.
India remains underweight for global investors due to slowing growth and expensive valuations relative to peers.
capital_marketsforexeconomy_macro - #9hindu_businesslineneutral
IndusInd Bank deposits and advances contract in Q4FY26
IndusInd Bank reported a year-on-year decline in both deposits and advances in Q4FY26, with net advances falling a sharp 8.7% to ₹3,15,154 crore and total deposits slipping 2.6% to ₹4,00,178 crore. Sequential improvements in deposits and the CASA ratio offer modest comfort but do not offset continued contraction in the loan book.
Net advances fell 8.7% year-on-year to ₹3.15 lakh crore, marking continued pressure on credit growth.
banking_supervision - #10hindu_businesslinepositive
IPO pipeline strengthens; 38 cos file draft papers in March
Thirty-eight companies filed draft IPO papers with the Securities and Exchange Board of India in March 2026, nearly double the 22 filed in March 2025, with high-profile names such as SBI Funds Management and Manipal Health Enterprises in the queue. The pipeline remains robust, with 124 companies already holding regulatory approval yet to launch, pointing to a busy primary market in FY2026-27.
India's IPO pipeline holds 124 approved but unlaunched issues, signalling a strong primary market ahead.
capital_markets