Banking

Two days after chairman's exit, three senior HDFC Bank execs asked to leave

Move linked to alleged mis-selling of Credit Suisse AT1 bonds to NRIs; comes days after chairman Atanu Chakraborty's sudden resignation

Banking system liquidity surplus shrinks to ₹16,875 cr, lowest since Jan 22

Liquidity surplus narrows amid advance tax outflows and GST payments, while muted demand seen in RBI's VRR auctions and short-term borrowing shifts to TREPS market

Corporate bond activity weakens as yields surge, issuers pull back

India's corporate bond market has seen subdued activity amid global uncertainty and rising yields, with issuers deferring borrowings and FY26 issuances trailing last year's levels

India shifts to active credit ownership; 183 mn track CIBIL scores

India's credit culture is evolving rapidly, with 183 million people monitoring their CIBIL scores in 2025. Gen Z is leading the shift towards proactive financial awareness and ownership

Who led and departed: Tracking key banking exits and leadership trends

HDFC Bank chairman Atanu Chakraborty quits citing ethical concerns, as spotlight turns on governance and trend of former bureaucrats leading private sector banks

At 71, Keki Mistry underscores integrity at HDFC Bank amid concerns

Keki Mistry takes charge as interim chairman of HDFC Bank, assuring stakeholders on governance and integrity after Atanu Chakraborty's resignation

RBI's reassurance on HDFC Bank: What are systemically important banks?

RBI reassures on HDFC Bank after board exit, highlighting its D-SIB status and strong governance while explaining why systemically important banks are key to financial stability

HDFC Bank's interim chairman rules out 'material issues' at lender

Keki Mistry says board unaware of any governance concerns behind Atanu Chakraborty's exit; assures 'strong controls' and stable leadership

No material concerns on HDFC Bank's governance and conduct, says RBI

Regulator says bank remains well-capitalised with strong governance and management, approves Keki Mistry as interim chairman for three months

'No power struggle': HDFC Bank's interim chair on Atanu Chakraborty exit

Keki Mistry says there are no material concerns at HDFC Bank after Atanu Chakraborty's exit, rules out governance issues, and says the board will review organisational structure

India needs bigger banks, consolidation for $30 trn goal: Former RBI DG

Former RBI deputy governor flags need for larger financial institutions, stronger capital base and consolidation across banking and NBFC sectors to support economic expansion

Fewer episodes of rate hike in inflation target regime, says SBI report

SBI report says India has seen fewer instances of interest rate hikes since the flexible inflation targeting regime began, with the third five-year phase set to start next month

NBFCs hold back on ECB plans as West Asia conflict pushes up hedging cost

The hedging cost has increased up to 75 basis points, increasing the landed cost of foreign currency borrowings for NBFCs

IDBI Bank shares plunge 16.5% amid reports govt may scrap stake sale

Stock falls sharply after reports suggest the government may scrap the proposed stake sale in IDBI Bank as bids reportedly came below the reserve price set for the divestment

The great Indian bank CEO shortage: A problem unique to private lenders

Strict compensation norms and lack of succession planning are cited as key reasons

India's privatisation push loses steam as IDBI Bank stake sale scrapped

The Centre may scrap the IDBI Bank stake sale after bids came below the reserve price, underscoring political and structural constraints shaping India's disinvestment strategy

Credit growth rises to 14.5% in Feb 28 fortnight; deposits expand 12%

Bank credit growth accelerated to 14.5% year-on-year in the fortnight ended February 28, while deposit growth strengthened to nearly 12%, according to RBI data

Fintech funding sees modest rise in CY25 as investor outlook turns cautious

Fintech funding rose slightly to $2.4 billion in CY25, but geopolitical tensions in West Asia may slow investment flows as venture capital investors turn cautious about deploying capital

RBI revises counterparty credit risk rules to align with Basel norms

RBI revises counterparty credit risk framework to align with Basel norms, refining capital treatment for derivatives exposures and clarifying rules for clearing members

RBI caps bank dividend payout at 75% of profit after tax under new norms

RBI says banks can declare dividends based on capital adequacy levels, with payouts capped at 75 per cent of profit after tax and subject to CET1 buffers and supervisory conditions