Page 2 - Subrata Panda

FCNR(B) deposit inflows weigh on private banks' margins in Q2FY27 results

HDFC Bank, ICICI Bank and Axis Bank report sequential declines in net interest margins as FCNR(B) deposits weigh on earnings, but expect recovery as funds are deployed

Next HDFC CEO's 1st task: A new team amid exits of veteran executives

HDFC Bank faces a major leadership transition as several senior executives prepare to exit, with incoming MD & CEO Anup Bagchi tasked with rebuilding the bank's top management team.

Banks weigh income impact of Irdai's proposed insurance commission caps

Banks are exploring higher policy sales and changes in product mix to offset potential fee income losses, while RBL Bank estimates a 50-60% decline in bancassurance income

Leaving behind a resilient HDFC Bank franchise, says outgoing CEO Jagdishan

Incoming CEO Anup Bagchi says his long-term goal is to deliver sustainable value for shareholders, employees and clients, while focusing on disciplined growth and governance

HDFC Bank Q2 net profit rises 4.7% to ₹19,510 crore as NII grows

Net interest income rose 9.7 per cent to ₹34,620 crore and deposits grew 18.8 per cent, while lower treasury gains and higher expenses capped profit growth

Kaizad Bharucha to exit HDFC Bank at end of December after three decades

Bharucha, 60, was among the contenders for the bank's top job, with the board recommending him as its internal candidate for the position of managing director and chief executive officer (MD & CEO)

ICICI Bank Q2 net rises 20% to ₹14,843 crore as provisions fall

Net interest income grew 17.7 per cent to ₹25,339 crore, while provisions declined and the gross NPA ratio improved to 1.20 per cent

Fairfax Financial to retain Sharma as IDBI CEO, names Kannan chairman

Fairfax proposes N S Kannan as IDBI Bank chairman, retains Rakesh Sharma as CEO and expects to close its $5.6 billion acquisition as early as the first quarter of 2027

Yes Bank AT-1 bond reinstatement likely to hit CET-1 ratio by 250 bps

The bank said it is reviewing the Supreme Court order that upheld the Bombay High Court's decision to quash the write-off of AT-1 bonds during its reconstruction phase

Fairfax Financial plans to merge Digit, IIFL Capital with IDBI Bank

Fairfax plans to combine IDBI Bank, Digit Insurance and IIFL Capital Services into an integrated financial services entity, subject to regulatory approvals

SC decision could impact Yes Bank's capital, weigh on profitability

Supreme Court ruling on the ₹8,415-crore AT-1 bond write-off could reduce Yes Bank's net worth by up to 26% and its CET-1 ratio to 10%, according to Anand Rathi's analysis

Bank credit rises 19.4% in September; RBI rate hike may slow growth in H2

Bank credit rose 19.38% to ₹230 trillion in September, while deposits grew 17.83% to ₹283.95 trillion; CareEdge expects higher borrowing costs to moderate lending growth.

IDBI Bank acquisition puts Fairfax's CSB Bank stake at a crossroads

Fairfax Financial Holdings Ltd., led by Canadian billionaire Prem Watsa, is set to acquire nearly 61 per cent stake in IDBI Bank for $5.6 billion, marking the largest foreign investment in banks

BoB shares fall 3.5% after B R Shetty files $15 billion suit against bank

Bank of Baroda said it had not been served with B R Shetty's $15 billion suit and would defend itself firmly, adding that the allegations remained untested in court

NMC Healthcare founder B R Shetty seeks $15 billion in damages from BoB

Shetty alleges that Bank of Baroda and former NMC executives enabled fund diversion, concealed liabilities and pursued him over guarantees bearing forged signatures

No price stability without financial stability: RBI Governor Malhotra

RBI Governor Sanjay Malhotra says monetary policy and financial stability cannot be separated completely, as the central bank steps up measures to curb rupee volatility

After three decades in the ICICI fold, Anup Bagchi readies for his next act

Bagchi, who led ICICI Prudential Life Insurance since June 2023, will take over as HDFC Bank's MD & CEO on October 27, with deposit growth and margin recovery among key priorities

Citi, Credendo close $328 mn deal for eight IndiGo jets through GIFT City

The $328 million facility covers six A321s and two A320s, marking the first ECA-backed aircraft financing through a GIFT IFSC leasing structure and Credendo's aviation debut

RBL Bank shares plunge 7.55% as higher provisions weigh on Q2 earnings

RBL Bank shares recorded their steepest fall in nearly two years as higher-than-expected provisions overshadowed a 2.7-fold rise in Q2FY27 net profit and improved margins

RBL Bank Q2FY27 results: Net profit rises 2.7-fold to ₹482 crore

Net interest income rose 37% year-on-year to Rs 2,131 crore, while advances grew 42% to Rs 1.42 trillion; asset quality improved despite higher provisions and slippages