Indian Banking Sector

Currently, only State Bank of India, the country's biggest lender, and private-sector leader HDFC Bank Ltd. rank in the top 100 global sector list by total assets

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

The bank's total staff fell to 211,178 as of March 31 from a year earlier with new hiring dropping by 3,811, according to its annual report released on Saturday

In its FY26 annual report, HDFC Bank's leadership defended the lender's governance standards after former chairman Atanu Chakraborty's resignation triggered questions over board oversight

Indian Bank looks to mobilise $2 bn in FCNR (B) deposits

Domestic corporate loans expanded 21 per cent YoY to Rs 1.11 trillion

HDFC Bank is banking on former Finance Secretary Rajiv Kumar's appointment as chairman to restore investor confidence after Atanu Chakraborty's sudden resignation

The board also approved the appointment of Rajiv Kumar as an Additional Director (Independent Director) for a four-year term starting June 30, 2026

Large banks may offer up to 9x leverage against FCNR(B) deposits, potentially helping NRIs earn double-digit returns under the RBI's swap scheme

UAE-based lender completes ₹26,000 crore capital infusion into RBL Bank, marking the largest foreign direct investment in India's banking sector

The RBI's concessional swap facility for overseas foreign currency borrowings is expected to lower funding costs and help banks bridge the gap between credit and deposit growth

Canara Bank expects ₹1,000-2,000 crore in FCNR(B) inflows, aims to boost CASA deposits and reduce reliance on bulk deposits under its new CEO

Bandhan Bank on Monday announced the opening of eight new branches across Karnataka, Uttar Pradesh, Delhi and Haryana, taking its nationwide branch network to 1,984. The bank said four of the new branches were opened in Karnataka, two in Delhi, and one each in Uttar Pradesh and Haryana, as part of its expansion strategy. The branches were inagurated in Mysuru, Bengaluru, Delhi, and Gurgaon. "As our network grows, we stay committed to sustainable expansion and delivering innovative, flexible banking solutions that meet evolving customer expectations," Bandhan Bank Executive Director and Chief Business Officer Rajinder Kumar Babbar said. With the latest expansion, Bandhan Bank's presence now spans 35 of the country's 36 states and union territories. The lender serves more than 3.2 crore customers through over 6,380 banking outlets across India, it said. Bandhan Bank said it had a deposit base of Rs 1.66 lakh crore and advances of Rs 1.54 lakh crore as of March 31.

Credit growth expanded at 16.2 per cent in the year through May 15, the fastest clip since June 2024, according to the Reserve Bank of India data

The former Indian Bank executive director assumes leadership of the state-owned lender, filling a vacancy that arose after K Satyanarayana Raju's retirement

RBI's ECL regime will shift the focus from recognising bad loans to predicting them, making risk management a key differentiator for banks

Advances account for 85% of all frauds in banking industry in FY26, says regulator in annual report

Inflows into India's non-resident deposit schemes moderated in FY26, with FCNR(B) deposits witnessing a sharp slowdown, RBI data showed

Some banks are yet to take a call but are expected to review policies and may consider hybrid working for some time

Debadatta Chand, chief executive officer of the bank, which absorbed two state-run lenders in 2019, said larger balance sheets will be crucial as lenders look to compete globally