Page 19 - Banking
Banks bet on Gulf, Singapore and Hong Kong to drive FCNR (B) flows
Banks expect the RBI's FCNR(B) deposit scheme to attract major inflows from the Gulf, Singapore and Hong Kong, with mobilisation expected to accelerate in August
 "Banks bet on Gulf, Singapore and Hong Kong to drive FCNR (B) flows")
Banks' loan growth outpaces deposit growth in Q1 across public, pvt lenders
Business updates from public and private sector banks showed advances growing faster than deposits during the April-June quarter, reflecting sustained credit demand
 "Banks' loan growth outpaces deposit growth in Q1 across public, pvt lenders")
Bank of Baroda to pay $600 million to settle NMC Health litigation
Amount is equivalent to bank's net profit in Q4FY26
 "Bank of Baroda to pay $600 million to settle NMC Health litigation")
M&A funding norms to intensify competition for private credit: Moody's
Moody's says RBI's acquisition financing norms could intensify competition from banks, putting pressure on private credit deal volumes and yields
 "M&A funding norms to intensify competition for private credit: Moody's")
Can cheaper bank funding spark India's next M&A cycle after RBI move?
Banks can now finance acquisitions under RBI's revised framework; experts say lower borrowing costs may improve deal economics, but valuations and strategic fit will continue to drive M&A decisions
 "Can cheaper bank funding spark India's next M&A cycle after RBI move?")
RBI appoints Ravi Shankar as executive director to head statistics dept
As executive director, Shankar will oversee the Department of Statistics and Information Management
 "RBI appoints Ravi Shankar as executive director to head statistics dept")
MFI AUM projected to grow at 20% in FY27 on secured loans: Crisil Ratings
Rating agency says diversification into gold, MSME and property-backed loans, along with a recovery in microfinance disbursements, will drive growth this fiscal
 "MFI AUM projected to grow at 20% in FY27 on secured loans: Crisil Ratings")
RBI's new Integrated Ombudsman Scheme comes into effect from 1 July
The revamped framework broadens consumer grievance redressal, covering banks, eligible NBFCs, prepaid payment instrument issuers and credit information companies under a unified mechanism
Advances growth outpaces deposits at smaller private banks in Q1 FY27
South Indian Bank, Tamilnad Mercantile Bank and Dhanlaxmi Bank reported stronger growth in advances than deposits during the April-June quarter of FY27
 "Advances growth outpaces deposits at smaller private banks in Q1 FY27")
NPCI ties up with HSBC India, JP Morgan to boost overseas UPI payments
NPCI has partnered with HSBC India and JP Morgan Payments to enable real-time foreign exchange conversion and settlement for international UPI transactions, making overseas payments more transparent
 "NPCI ties up with HSBC India, JP Morgan to boost overseas UPI payments")
Banks set to book healthy treasury gains in Q1 FY27 as yields slump
Rupee sees strongest monthly rise since West Asia war started
 "Banks set to book healthy treasury gains in Q1 FY27 as yields slump")
Who is Rajiv Kumar? Former CEC named as HDFC Bank's part-time chairman
From leading India's public sector bank clean-up to overseeing the world's biggest election, Rajiv Kumar now takes on one of corporate India's most closely watched boardroom roles
 "Who is Rajiv Kumar? Former CEC named as HDFC Bank's part-time chairman")
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
 "Musical chairs? Axis Bank, Bandhan Bank CFOs quit within an hour")
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
 "HDFC Bank clears governance hurdle for chief executive officer renewal")
Banks need reforms, deeper debt mkts for next growth phase: Deepak Parekh
Former HDFC chairman Deepak Parekh says India must pursue fresh banking reforms, deepen debt markets and broaden capital sources to finance long-term economic growth
 "Banks need reforms, deeper debt mkts for next growth phase: Deepak Parekh")
PFC-REC merger may reduce overlapping bond issuances, improve efficiency
Market participants expect the merger to improve treasury efficiency and pricing discipline, while the combined entity continues to tap bond markets for funding
 "PFC-REC merger may reduce overlapping bond issuances, improve efficiency")
Banks may use NRI deposits to ease funding pressures: Axis Bank CEO
Indian banks are taking advantage of a move this month by the Reserve Bank of India to absorb the hedging costs incurred by lenders that raise dollars overseas
 "Banks may use NRI deposits to ease funding pressures: Axis Bank CEO")
HDFC Bank may pick new chairman before deciding on CEO extension
MD & CEO Sashidhar Jagdishan's tenure ends this October
RBI's AI risk framework to strengthen governance, oversight of AI models
The central bank's draft guidelines require board-approved model risk frameworks, stronger oversight of AI models and enhanced safeguards for customer-facing artificial intelligence applications
 "RBI's AI risk framework to strengthen governance, oversight of AI models")
Top 10 Indian firms' value jumps 3.5x in a decade; financials dominate
Reliance Industries has emerged as India's most valuable company over the past five years, while financial services firms continue to dominate the country's corporate rankings
 "Top 10 Indian firms' value jumps 3.5x in a decade; financials dominate")