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.