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The Reserve Bank of India has approved Rajiv Anand s appointment as MD & CEO of IndusInd Bank, effective August 25, for a three-year term. Anand, formerly Deputy Managing Director at Axis Bank, brings over 35 years of financial services experience. His appointment follows Sumant Khatpalia s exit due to an accounting discrepancy.

In their discussions with the Reserve Bank of India (RBI), non-banking financial companies have requested LAPs be not treated on a par with unsecured loans when assigning risk weights. They have urged the RBI to reduce the current cap of 125% and align more closely with home loans, which attract risk weights in the range of 35% to 50%.

Bankers are looking forward to two important announcements from the RBI—revised liquidity management framework and final norms on co-lending arrangements between lenders—on Wednesday, after the three-day monetary policy meeting, according to industry executives.

Tata Motors, Yes Bank, and Vodafone Idea are now India s most widely held stocks. They replaced Reliance Power, Reliance Industries, and SBI. Tata Motors leads with over 67.5 lakh shareholders. Yes Bank follows with 63.5 lakh. Vodafone Idea s count jumped significantly. Retail investors are drawn to these companies for various reasons.

GMR Airports is securing ₹6,000 crore through non-convertible debentures. The aim is to refinance current debts. Banks and mutual funds are participating in this fundraising. The interest rate could reach 10.50%. This move is expected to reduce average borrowing costs. The company plans to refinance debts of GAL and DIAL. Crisil has assigned A+ rating to the NCDs.

Capri Global Capital witnessed a significant surge in net profit, more than doubling to ₹175 crore year-on-year. However, the profit experienced a slight dip of 2% compared to the previous quarter. This decline was attributed to a substantial increase in provisions for bad loans, with loan impairment costs rising significantly due to an increase in NPAs.

Aditya Birla Capital s standalone net profit increased by 3% to ₹676 crore. This is for the quarter ended June 2025. Assets under management grew by 22% to ₹1.31 lakh crore. The NBFC business saw an 18% rise in disbursements. Consolidated net profit also rose by 10% to ₹835 crore.

The Indian rupee plummeted to a record low of 87.65 against the dollar, driven by demand from oil companies and importers despite a weaker Dollar Index. Foreign investors selling Indian equities further pressured the rupee. The 10-year benchmark government security yields softened amid expectations of a potential repo rate cut by the Reserve Bank of India.

S&P Global Ratings has revised the outlook for Adani Electricity Mumbai, Adani Ports, and Adani Green Energy, citing sustained operational strength and continued funding access. The agency affirmed the credit ratings of the three entities, upgrading APSEZ to Positive and AEML and Adani Green Group 2 to Stable . This revision reflects improved fundamentals despite ongoing regulatory investigations.

The government has reaped significant financial benefits this fiscal year through strategic bond switches and conversions, extending the debt maturity profile and reducing interest expenses. Bank of Baroda s study reveals interest cost savings of ₹560 crore, a substantial increase from ₹54 crore last year.