BIZARRE: 16 - You Need To See This

India bonds muted after tepid response for RBI's cash-drain operation

Indian government bonds hit a pause on Monday following a technical setback that disrupted cash withdrawal capabilities. To counteract a liquidity overflow that surged to a historic 10.73 trillion rupees last Friday, the central bank declared an overnight auction. Traders are now on edge, fearing that tighter measures may be…

The Economic Times · Sep 7

India's central bank withdraws over 6 trillion rupees of bank liquidity after record spike

The Reserve Bank of India absorbed more than ₹6 trillion through liquidity withdrawal operations after banking system surplus hit a record ₹11.6 trillion. Banks parked ₹2.59 trillion in a 30-day auction, while ₹3.53 trillion was offered in an overnight auction. The RBI may deploy additional reverse repos, market stabilisation bonds…

The Economic Times · Sep 7

Good news for HDFC Bank borrowers: Bank cuts lending rates across tenures by up to 10 bps; check latest list

HDFC Bank has reduced its MCLR rates on select tenures by up to ten basis points. These revised rates will become effective from September seventh, 2026. Borrowers with loans linked to this regime will experience some financial relief.

The Economic Times · Sep 7

Difficult time for microfinance business behind us, Q2 to see growth, says IndusInd Bank MD

IndusInd Bank expects its microfinance business to grow 15-20% in FY27, with CEO Rajiv Anand saying its difficult phase is now behind it. The lender expects growth to return from the second quarter after scaling up disbursements, while risks are also easing.

The Economic Times · Sep 6

Every fourth Jan Dhan account inoperative; 5.72 crore have zero balance: RTI

Nearly 5.72 crore Pradhan Mantri Jan Dhan Yojana accounts currently hold zero balances. Over 15 crore accounts under the scheme are classified as inoperative. Uttar Pradesh leads with the highest number of zero-balance and inoperative accounts. The scheme aims for universal financial inclusion across all households. More than 59 crore…

The Economic Times · Sep 6

SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty

State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank also intends to expand its network by adding around two hundred fifty new branches. SBI and its subsidiary will dilute up to one percent stake in the National Stock Exchange. This divestment is part…

The Economic Times · Sep 6

States Where Credit Card Borrowing Is Growing, And Why

Credit card borrowing is picking up in several states, but the story looks very different depending on where people live. Arkansas, Colorado, Nevada, Hawaii, and Connecticut all posted notable increases in average credit card balances between the first quarters of 2025 and 2026, according to LendingTree data.

The Free Financial Advisor · Sep 5

Merchants Bancorp’s Rally Is Testing How Much Risk Investors Will Overlook

Merchants Bancorp shares have surged despite past credit scares and a shareholder probe, as lower credit provisions and record assets drove a strong Q2 2026 earnings beat.

MarketBeat · Sep 5

Left-wing news outlet forced to 'suspend operations' as second bank account 'frozen'

Left-wing news outlet The Canary has been left with 'no alternative' but to suspend all operations after it allegedly had a second bank…

The National (Scotland) · Sep 5

The U.S. Is Seeking To Cut Iran Off From The Global Financial System. It Is Targeting A Turkish Bank To Do So.

The sanctions are part of Operation Economic Outcast, a broader campaign targeting the financial networks Tehran uses as its war with the U.S. continues.

International Business Times · Sep 4