Page 2 - Subrata Panda

A first in India: StanC processes remittance under new Swift scheme

Bank completes cross-border payment from Australia in 37 seconds under Swift's new retail payments scheme, enabling near real-time credit to beneficiary bank

Ujjivan SFB raises FCNR(B) deposit rate to 7.50% after RBI eases norms

Ujjivan Small Finance Bank raises interest rates on 3-5-year FCNR(B) deposits after the RBI removes the ceiling on fresh deposits of similar maturities

June revival helps corporate bond issuances hit third-highest Q1 since FY20

Corporate bond fundraising rebounded in June, helping India Inc raise ₹2.37 trillion in Q1FY27, the third-highest April-June total since FY20 despite a 34% YoY decline

Musical chairs? Axis Bank, Bandhan Bank CFOs quit within an hour

Back-to-back CFO resignations at Axis and Bandhan Bank fuel speculation of a leadership reshuffle, with Puneet Sharma tipped for HDFC Bank's top finance role

HDFC Bank appoints former CEC Rajiv Kumar as part-time chairman for 3 years

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

Kotak Mahindra Bank's shares tumble over 3% on CEO Ashok Vaswani's exit

Stock declines over 3% after Ashok Vaswani says he will step down in December, with brokerages warning leadership succession uncertainty could weigh on sentiment

HDFC Bank clears governance hurdle for chief executive officer renewal

HDFC Bank's legal review finds no evidence behind governance allegations, clearing path for leadership stability, chairman appointment and CEO term extension

With leverage available, FCNR (B) scheme remains attractive: P D Singh

Standard Chartered expects strong FCNR(B) inflows from key overseas centres as RBI's latest measures boost foreign currency deposits and cross-border banking

HDFC Bank may pick new chairman before deciding on CEO extension

MD & CEO Sashidhar Jagdishan's tenure ends this October

Legal review reveals ex-chairman's charges 'not substantiated': HDFC Bank

Atanu Chakraborty didn't participate in the review, ignoring requests from the external law firms

Tata Sons' listing hangs in balance after RBI diktat for upper-layer NBFCs

In its latest direction, the central bank has dropped a provision defining the "indirect receipt of public funds"

Banks wait & watch as dollar-bond investors seek richer returns

Premium rose steadily after HDFC secured tightest-ever spread for an Indian lender

Large commercial banks may opt to lend up to 9x against FCNR(B) deposits

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

Bharti Airtel added highest value among pvt firms in 5 years: Hurun report

The telecom major added ₹7.64 trn in value over 5 years, while TCS, Infosys and Wipro together lost ₹8.5 trn, according to the Burgundy Private Hurun India 500 report

RBI caps compensation for digital fraud victims at ₹25,000 under new norms

However, the central bank has deferred the implementation of the framework by six months, from July 1, 2026, to January 1, 2027

Axis Bank raises $800 million through dual-tranche dollar bond sale

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

Banks raise ₹1 trillion through CDs in June as deposit growth lags

Certificate of deposit issuances crossed Rs 1 trillion in the fortnight ended June 15 as banks sought funding amid a widening gap between credit and deposit growth

Commercial banks can lend against FCNR(B) deposits, clarifies RBI

Central bank permits loans and standby letters of credit against FCNR(B) deposits under the swap facility, while leaving leverage decisions to lenders

Bank credit outpaced non-bank funding to commercial sector: RBI data

Non-food bank credit rose 17.4 per cent year-on-year in May, outpacing growth in non-bank funding and lifting total credit to the commercial sector

Governor doesn't quite touch the heart of India's economic crisis

The film, centred on the RBI governor during the 1991 balance of payments crisis, fails to offer a 360-degree picture