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Reserve Bank of India has released new rules for co-lending between banks and NBFCs. Lenders must keep 10% of each loan. Default loss guarantee is now capped at 5%. A uniform asset classification is introduced. Credit policies must include co-lending provisions. Loan agreements need upfront disclosures. Interest rates will be blended. All transactions will go through an escrow account.

An internal working group of the Reserve Bank of India has recommended retaining the Weighted Average Call Rate (WACR) as the main operating target for monetary policy, citing its strong correlation with other overnight rates and effectiveness in signal transmission to instruments like T-bills, CPs, and bonds.

All regulated entities have been allowed to provide partial credit enhancement (PCE) to bonds issued by corporates/ special purpose vehicles (SPVs) for funding all types of projects and to also bonds issued by non-deposit taking NBFCs with asset size of ?1,000 crore.

Governor Malhotra attributes circumspect mortgage demand to careful borrower decisions and the long-term nature of housing loans, despite a policy rate cut. While mortgage growth has slowed to 9.6%, he emphasizes that overall housing credit remains strong at 14%. Analysts cite cautious lending, softening demand, and increased selectivity as factors contributing to the broader credit moderation.

On Tuesday, the agency questioned Anil Ambani for over nine hours. He has sought seven days to furnish documents pertaining to ED s queries. The agency will summon the 66-year-old industrialist again after recording the statements of the credit committee members of banks that had given loans to his Reliance Group companies, ET reported on Wednesday.

Sebi chief Tuhin Kanta Pandey dismissed reports of curbs on weekly options expiry as speculative, emphasizing the need for structural reforms in equity derivatives. He clarified no communication occurred with the finance ministry regarding this matter. Pandey also urged portfolio managers to curb misleading performance claims to maintain industry trust and ensure clear client communication.

National Securities Depository Ltd (NSDL) debuted strongly on the market at ₹880, a 10% premium over its IPO price of ₹800, and closed 17% higher at ₹936. The ₹4,012-crore IPO was heavily oversubscribed, reflecting strong investor demand. NSDL s market capitalization reached ₹18,720 crore, while its peer CDSL boasts a market value nearly double that amount.

Governor Sanjay Malhotra observes a shift in India s financial savings from bank deposits to equities, viewing it as a positive sign of economic growth and a move towards a balanced asset mix. This trend is fueled by declining deposit rates, prompting savers to seek higher returns in the equity market. RBI s repo rate adjustments have further contributed to this shift.

SEBI has given the green light to five companies—Epack Prefab Technologies, SSF Plastics India, Gujarat Kidney, Anand Rathi Share And Stock Brokers, and Prestige Hospitality Ventures—to launch their IPOs. These companies plan to raise capital through a combination of fresh issues and offers for sale.

Envestcom Holding RSC divested 22 million shares, representing a 1.83% stake, in Adani Energy Solutions (AESL) through bulk deals on the NSE and BSE. The shares were sold at ₹790 apiece, culminating in a total deal value of ₹1,736.73 crore. Following this transaction, Envestcom s stake in AESL has decreased from 2.68% to 0.85%.