Banking Sector

There are two key issues behind this phenomenon. The RBI and the government can solve this in a jiffy

HDFC Bank's ex-chairman Atanu Chakraborty's overall earnings grew 3.53 per cent to Rs 1.07 crore in FY26, as per disclosures made by the country's largest private sector lender on Saturday. Chakraborty, a career bureaucrat who quit flagging concerns on ethics and governance towards the end of the fiscal, earned Rs 1,07,25,269 in sitting fees and remuneration in FY26, as per the annual report of the bank for the fiscal year. This was higher than the Rs 1,03,58,871 earned in FY25, as per the annual report for the previous fiscal. The FY26 annual report mentioned that as a parttime chairman and independent director of the bank, he was entitled to a fixed remuneration of Rs 50 lakh for FY26, and the same was approved by the RBI as well. "Since Chakraborty resigned as part-time chairman and independent director of the bank with effect from March 18, 2026, such fixed remuneration was paid to him on a proportionate basis. In addition, Mr. Chakraborty was paid sitting fees for attending th

Deposits rise by nearly Rs 7 trillion in the fortnight, third highest in 29 years

PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.

S&P Global Ratings assigned the private sector lender a BBB-/Stable long-term issuer credit rating, recognising its franchise strength, capitalisation and financial resilience

Anil Agarwal, president and group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned

Loan growth should support income, asset quality should remain manageable, and margins may stabilise gradually

Q1FY27 earnings preview: VK Vijayakumar of Geojit Investments believes that Q1 will be subdued, impacted by the energy crisis.

Healthy credit growth and treasury gains are expected to lift banks' Q1FY27 profits, while asset quality remains stable despite concerns over the West Asia conflict

Axis Bank posted the strongest growth in loans and deposits among large private banks in Q1FY27, while HDFC Bank and Kotak Mahindra Bank also reported healthy balance-sheet expansion

The country's largest lender State Bank of India is planning to recruit 1,500 probationary officers this year to drive its business growth. Of the total, 1,446 are regular vacancies, and the remaining 54 are backlog vacancies, SBI said in a recruitment notice. The last date for application is July 8, and the bank expects to complete the entire process by December. As per the eligibility criteria, an applicant should be a graduate in any discipline with a minimum age of 21 years as of April 1, 2026. Besides, SBI onboards professionals through lateral recruitment from diverse backgrounds, including IT professionals and domain experts, appointed as Specialist Officers across key functions, such as data centres, information technology, risk management, legal, treasury, compliance and data analytics, depending on the evolving and multidisciplinary nature of banking. Last financial year, SBI hired 67 sportspersons to promote Indian sports and cultivate a team of disciplined, high-perfor

ICICI Bank will become the fourth commercial bank to take advantage of RBI's concessional swap window for overseas foreign currency borrowing

The voice-enabled platform lets banks deliver services through existing payment devices, aiming to deepen merchant engagement without new infrastructure

Banks expect the RBI's FCNR(B) deposit scheme to attract major inflows from the Gulf, Singapore and Hong Kong, with mobilisation expected to accelerate in August

Shares fall 4 per cent after the state-owned lender settles long-running litigation linked to NMC Health's collapse; domestic advances rise 16.14 per cent and deposits 14.74 per cent

Sectors to watch: As markets enter H2CY2026, analysts expect banks, defence, pharma, power, hotels and auto ancillaries to remain in focus.

Kotak Institutional Equities said that the recent management changes at HDFC Bank, Axis Bank and Bandhan Bank appear to be driven by individual career considerations rather than bank-specific concerns

From leading India's public sector bank clean-up to overseeing the world's biggest election, Rajiv Kumar now takes on one of corporate India's most closely watched boardroom roles

In a regulatory filing, the lender said Mantri submitted his resignation in a letter dated June 29, 2026, to pursue another opportunity for career growth

India's third-largest private-sector lender raised $500 million through perpetual AT1 notes and $300 million through five-year senior unsecured notes under its GMTN programme