Page 17 - Banking

HDFC Bank gets RBI nod for former CEC Rajiv Kumar as part-time chair

Former Chief Election Commissioner Rajiv Kumar will serve as HDFC Bank's part-time chairman for three years after receiving the Reserve Bank of India's approval

RBI approves appointment of Rajiv Kumar as part-time chairman of HDFC Bank

RBI has approved former Chief Election Commissioner and ex-Finance Secretary Rajiv Kumar as HDFC Bank's part-time chairman for a three-year term

Govt receives revised financial bids for IDBI Bank stake sale: Report

The government has received revised financial bids from Fairfax Financial and Emirates NBD for the strategic sale of a 60.72% stake in IDBI Bank

Setting the agenda: RBI directs bank boards to sharpen strategic focus

The revised framework, effective October 1, 2026, requires bank boards to define reserved matters, review delegated powers and devote greater attention to strategy and risk governance

Insurance distribution lifts fee income at most public sector banks in FY26

Public sector banks saw higher insurance commission income in FY26, led by SBI, while mutual fund distribution earnings showed mixed trends across lenders

Moody's Ratings affirms SBI, HDFC Bank ratings on strong asset quality

Moody's has affirmed the ratings of SBI and HDFC Bank with a stable outlook, citing strong asset quality, healthy profitability and solid capital buffers

Commercial papers explained: How companies raise short-term funds

Companies raised a record ₹5.37 trillion through commercial papers in the first quarter of FY27. Here's what they are, who issues them and why their use is rising

Govt close to accepting sweetened Fairfax Financial offer for IDBI Bank

The Centre is close to accepting Fairfax Financial's revised offer for IDBI Bank, with the Canadian firm's bid expected to be raised slightly ahead of final regulatory and Cabinet approvals

AI, identity, real-time payments resetting cyber threat landscape: Report

A report warns that AI, embedded finance and real-time payments are reshaping cyber risks, leaving traditional security models inadequate for today's interconnected financial ecosystem

Identify recurring complaints: RBI DG Swaminathan to internal ombudsmen

RBI Deputy Governor Swaminathan J has urged internal ombudsmen to identify recurring complaints, conduct root-cause analysis and help strengthen grievance redress across regulated entities

Indian Bank aims to recover up to ₹5,500 crore from bad loan in FY27: MD

The state-run lender recovered ₹1,885 crore in the June quarter and aims to mobilise $2 billion in FCNR(B) deposits by September while strengthening its low-cost deposit base

A first in 9 years: HDFC Bank trims workforce amid tech, AI ramp up

India's third largest private sector lender, Axis Bank had also reduced its workforce by around 3,100 in FY26 as investments in technology over the years began yielding productivity gains

FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive

The finance minister will review the progress of the FCNR(B) deposit mobilisation campaign and discuss overseas borrowing plans as the RBI's temporary incentives remain in place until September 30

Bank credit growth hits two-year high of 18.6% in June-end fortnight

Deposits rise by nearly Rs 7 trillion in the fortnight, third highest in 29 years

Indian Bank, Bank of Maharashtra begin Q1 earnings season on a high

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

Banks priority sector lending models may need a rethink, says SBI report

With banks comfortably exceeding lending targets and PSLC trading surging, experts say the RBI may need to revisit the priority sector lending framework to better serve financial inclusion goals

HSBC, Citi, DBS among 17 banks to pilot Swift's blockchain ledger

The pilot will enable participating banks to support round-the-clock cross-border payments using tokenised deposits while settling transactions through existing payment systems

Federal Bank gets inaugural BBB- investment-grade issuer rating from S&P

S&P Global Ratings assigned the private sector lender a BBB-/Stable long-term issuer credit rating, recognising its franchise strength, capitalisation and financial resilience

Mobilisation test: Foreign banks' leverage key to FCNR (B) inflows

Foreign banks' India exposure limits may shape FCNR(B) inflows as Indian lenders tweak deposit rates and tenors to attract NRI funds under the RBI scheme

RBI approves Mahesh Pai as South Indian Bank MD & CEO for three years

Yet another public sector banker takes charge of a pvt bank; Stock plunges 8.5%