28 April 2026
Bankopedia Banking Digest — 2026-04-28 #34
- #1economic_timesneutral
SBI Cards Offloads Record Retail Bad Loans
SBI Cards has sold ₹1,800 crore in non-performing assets to Integro Finserv, marking one of its largest bad loan disposals in four years. The sale reflects a broader industry trend of accelerated retail NPA offloading, with bank-to-ARC transactions surging to ₹24,814 crore by December 2025.
SBI Cards' ₹1,800 crore NPA sale to Integro Finserv is its largest in four years.
npa_resolutioncredit_markets - #2economic_timesneutral
IDBI Bank Divestment Back Under Government Review
A senior government panel led by Cabinet Secretary TV Somanathan is reviewing revised valuations and timelines for the stalled IDBI Bank strategic sale. Finance Minister Nirmala Sitharaman has publicly reaffirmed the transaction will proceed, with the government targeting ₹80,000 crore in disinvestment and asset monetisation for FY27.
Government reaffirms IDBI Bank sale will proceed despite bids falling below floor price.
banking_supervisioncorporate_finance - #3economic_timespositive
MobiKwik Secures NBFC Licence for In-House Lending
MobiKwik has received Reserve Bank of India approval for a Non-Banking Financial Company licence, enabling it to launch a wholly owned in-house lending subsidiary targeting consumers and merchants. The announcement triggered a 14% single-day surge in the company's share price.
RBI's NBFC licence grants MobiKwik direct lending capability across 186 million users.
fintechregulationcredit_markets - #4hindu_businesslinepositive
AU Small Finance Bank Eyes Universal Banking Status
AU Small Finance Bank posted a 65% year-on-year rise in Q4 net profit to ₹832 crore and filed a formal application with the RBI for a universal bank licence. Asset quality improved materially, with gross non-performing assets falling to 2.03% and the gross loan portfolio growing 21% to ₹1.4 lakh crore.
AU Small Finance Bank files for universal bank licence as Q4 profit surges 65% year-on-year.
regulationbanking_supervisioncorporate_finance - #5reserve_bank_of_indianeutral
RBI Revises Tier 2 Capital Eligibility Under New Provisioning Rules
The Reserve Bank of India has issued its Third Amendment to Commercial Banks' Capital Adequacy Directions, aligning Tier 2 capital eligibility with the new asset classification framework that introduces Stage 1, 2, and 3 provisioning categories. General provisions on Stage 1 and Stage 2 assets, along with excess provisions from NPA sales, may now be included in Tier 2 capital up to 1.25% of total credit risk-weighted assets.
RBI aligns Tier 2 capital rules with new Stage 1/2/3 asset classification framework.
banking_supervisionregulationcapital_markets - #6moneycontrolnegative
BlackRock Declares Sovereign Bonds Redundant Diversifiers
BlackRock Investment Institute warns that elevated government bond yields are structural, not cyclical, as the Iran conflict amplifies pre-existing inflation pressures and tightens central bank room to manoeuvre. The firm is overweight on US and emerging-market equities, arguing long-term sovereign bonds no longer serve as effective hedges against equity drawdowns.
BlackRock declares long-term government bonds ineffective equity hedges amid persistent inflation and Iran-driven oil shock.
monetary_policygovernment_securities - #7economic_timespositive
India's Digital Infrastructure Targets 4% GDP Contribution
NITI Aayog's DPI@2047 report projects India's Digital Public Infrastructure contribution to GDP could quadruple from 1% to 4% by 2030, positioning the country at a pivotal inflection point for inclusive growth. The roadmap recommends decentralised, state-led implementation in two-year iterative cycles, with the central government and NITI Aayog acting as facilitators rather than executors.
India's Digital Public Infrastructure could contribute 4% of GDP by 2030, up from 1% currently.
digital_bankingfinancial_inclusioneconomy_macro - #8moneycontrolpositive
Embassy REIT Eyes ₹9,000 Crore Debt Amid Record Leasing
Embassy Office Parks REIT reported FY26 revenue from operations up 13% year-on-year to ₹4,582 crore and total unitholder distributions of ₹2,396 crore, while its board approved raising up to ₹9,000 crore in fresh debt. The REIT leased 6.4 million sq ft across 86 deals during the year and is guiding for double-digit growth in both distributions and net operating income in FY27.
Embassy REIT targets ₹9,000 crore debt raise and guides for double-digit distribution and NOI growth in FY27.
capital_marketscorporate_finance - #9economic_timesneutral
MoSPI Launches Index to Track Services Sector Output
India's Ministry of Statistics and Programme Implementation (MoSPI) has proposed an Index of Service Production with 2024-25 as the base year, designed to complement the existing Index of Industrial Production by delivering high-frequency data on the services sector. The index will span sub-sectors from banking and insurance to real estate and entertainment, though trial runs revealed data gaps covering nearly 33% of gross value added.
MoSPI proposes a services production index to fill the high-frequency data gap covering 33% of GVA.
economy_macrobanking_supervision - #10moneycontrolneutral
Nifty Trades Cautiously Near Key Support Zone
Indian equity markets opened cautiously lower on April 28, with Nifty trading near the critical 23,900–24,000 support band amid mixed global cues and ongoing uncertainty around US-Iran negotiations. Analysts recommend a range-bound, level-based trading approach, flagging 24,200–24,300 as immediate resistance.
Nifty holds critical 23,900–24,000 support zone; analysts urge caution amid US-Iran-driven global uncertainty.
capital_markets