Subrata Panda

Bloomberg consensus estimates project banks' Q2FY27 net profit at ₹1 trillion, up 19.6 per cent year-on-year, while large FCNR(B) deposit inflows are expected to weigh on margins.

Several banks, including BoB, PNB and Indian Bank, raise repo-linked lending rates by 25 bps after the RBI's policy rate increase, making loans costlier for borrowers

HDFC Bank proposes ₹35.9 crore in annual compensation for incoming MD & CEO Anup Bagchi, including ₹26.92 crore in variable pay, besides a ₹7.35 crore joining bonus

Citi has helped Indian companies raise nearly $16 billion through debt and equity markets in 2026 and advised on M&A transactions worth over $36 billion amid strong deal activity

Deposit rates may rise with a lag, credit demand seen holding up

Demat account holders will get a consolidated view of investments and bank deposits from January 1, while RBI also plans interoperability among account aggregators

The NBFC has weighted the increase towards longer tenures, offering up to 7.75 per cent to regular depositors and 8.15 per cent to senior citizens

Customers will be able to access financial information through any NBFC-AA, while demat account holders can also view bank deposit details in consolidated statements

Loan fee waivers, rate concessions, and card deals target shoppers

Lenders report strong credit and deposit growth aided by FCNR(B) inflows, though analysts flag concerns over CASA momentum

In contrast, India's second-largest private-sector bank, ICICI Bank, mobilised $17.88 billion in FCNR(B) deposits and raised $3.55 billion through dollar-denominated bonds

Period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent YoY to ₹33.27 trillion, while advances grew 16.3 per cent year-on-year

Deposits increased to ₹1.56 trillion and gross advances to ₹1.43 trillion, while the CASA ratio declined to 27.2 per cent despite growth in low-cost deposits

HDFC Bank, ICICI Bank, SBI and Axis Bank have emerged as key training grounds for financial services leaders who later take up top industry roles

Public and private sector banks reported strong deposit growth in Q2FY27, aided by FCNR(B) mobilisation under the RBI's concessional swap window

We are still in the early stages of reaping the full benefits of FIT. It is, therefore, imperative to remain focused on the primary objective, he said

"By being anti-inflationary, monetary policy makes the biggest contribution to growth"

Bagchi's last working day at ICICI Prudential Life will be October 13; he is expected to be introduced to HDFC Bank investors when it announces Q2 results

Deposit mobilisation, loan growth, margin recovery and senior management continuity could emerge as key priorities for Anup Bagchi

Bagchi will take charge on October 27, succeeding Shashidhar Jagdishan, as India's largest private sector lender navigates governance concerns and a leadership transition.