9 June 2026
Bankopedia Banking Digest — 2026-06-09 #75
- #1moneycontrolneutral
RBI Holds Steady Amid West Asia Pressure
Ladderup Asset Managers MD Raghvendra Nath says the Reserve Bank of India (RBI) will avoid rate hikes despite West Asia crisis pressures, as any increase risks sending adverse market signals. The RBI has held the repo rate at 5.25% with a neutral stance, while non-banking financial services firms—asset management companies, insurers, and brokers—remain attractively valued amid rising incomes and urbanisation.
RBI holds repo rate at 5.25%; financial services sector remains attractive amid rising incomes.
monetary_policyfinancial_inclusion - #2economic_timespositive
Education Loan Guarantee Cover Under Review
India's finance and education ministries are in discussions to raise the credit guarantee cover under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL) beyond the current 75%, aiming to encourage banks to lend more freely to the education sector. Additional proposals include removing co-applicant requirements and extending guarantee eligibility to merit-based admissions at accredited institutions.
Government eyes higher credit guarantee cover on education loans to boost bank lending.
financial_inclusioncredit_markets - #3economic_timesnegative
Urban Consumer Confidence Hits Multi-Year Low
The RBI's Urban Consumer Confidence Survey shows the Current Situation Index fell for a third consecutive round to 90.7 in May from 95.7 in March, reflecting deepening household pessimism about economic conditions. The Future Expectations Index also hit its lowest level since September 2023, with deteriorating sentiment on employment and the general economic outlook.
RBI's consumer confidence index drops to 90.7 in May, its third consecutive decline.
economy_macrofinancial_inclusion - #4economic_timesneutral
RBI Eases Forex Swap Hedging Requirements
The RBI has exempted bank swap transactions from the net unhedged foreign exchange exposure norm, easing the path for banks seeking to raise foreign currency funds. This follows the central bank's March decision to cap banks' net open positions in the onshore deliverable market at $100 million per business day to limit speculative currency trading.
RBI exempts bank forex swaps from unhedged exposure norms, easing foreign currency fundraising.
forexregulation - #5economic_timespositive
Sitharaman Pushes Credit Access in West Bengal
Finance Minister Nirmala Sitharaman met West Bengal's Chief Minister to discuss boosting credit availability and accelerating implementation of central government schemes in the state, following the BJP's first-ever electoral victory there. Sitharaman announced a renewed saturation drive for flagship programmes including PM MUDRA Yojana, Jan Dhan Yojana, and Atal Pension Yojana to cover all eligible beneficiaries.
FM Sitharaman commits to renewed rollout of central flagship credit and welfare schemes in West Bengal.
financial_inclusioncorporate_finance - #6moneycontrolnegative
RBI Trims Growth Outlook Amid Energy Headwinds
Indian equity markets fell for a second consecutive week, with the Nifty 50 dropping 181 points to 23,367 as foreign institutional investors sold heavily and the Reserve Bank of India trimmed its FY27 GDP growth forecast to 6.6% amid elevated energy costs. The RBI held its benchmark rate at 5.25% but revised inflation forecasts upward, warning retail prices could near the upper tolerance band by the third quarter.
RBI cuts FY27 GDP forecast to 6.6% and raises inflation warning as crude oil pressures mount.
capital_marketseconomy_macro - #7moneycontrolneutral
Fintechs Revive Credit Card Rent Payments Compliantly
PhonePe and CRED are testing a revamped credit card rent payment service under a marketplace model designed to comply with the Reserve Bank of India's regulations on person-to-person credit card transactions. The relaunch is significant for PhonePe, which disclosed a revenue loss of approximately ₹1,250 crore after exiting the rent payments business.
PhonePe and CRED near relaunch of credit card rent payments via RBI-compliant marketplace model.
fintechpaymentsregulation - #8moneycontrolneutral
Dhan's Profit Squeezed by F&O Regulatory Clampdown
Raise Financial Services, parent of broking platform Dhan, crossed ₹1,000 crore in operating revenue for FY26, but net profit fell 20% to ₹326 crore as SEBI's clampdown on Futures and Options trading and rising expansion costs squeezed margins. Dhan's subsidiary revenue rose 14% to ₹905 crore, though its heavy reliance on F&O — roughly 70% of revenue — leaves it exposed to regulatory headwinds.
Dhan's net profit drops 20% to ₹326 Cr as SEBI's F&O curbs and expansion costs bite.
fintechcapital_marketsregulation