Page 21 - Banking

HDFC Bank extends Keki Mistry's term as interim chairman by 3 months

RBI has approved the extension of Keki Mistry's tenure as interim part-time chairman of HDFC Bank until September 18, 2026, or until a regular chairman is appointed

RBI cancels licence of Karnataka's Shree Mahalaxmi Co-op Credit Bank

On liquidation, about 97.9 per cent of depositors would receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC)

SBI approves proposal to raise ₹60,000 cr in FY27 via debt instruments

The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing

HDFC Bank raises $750 mn via 5-year bond issue from GIFT City unit

India's largest private-sector lender tapped offshore markets through its GIFT City IFSC unit, issuing senior unsecured bonds carrying a 5.067 per cent coupon

RBI liquidity measures drive steep decline in CD rates across tenors

Banks have begun pricing in stronger liquidity conditions after RBI measures to attract foreign inflows, reducing funding pressures and lowering short-term borrowing costs

Canara Bank offers 6.5% on FCNR (B) deposits; BoB offers up to 7.4% on FDs

Canara Bank launches special FCNR(B) scheme for NRIs, while Bank of Baroda introduces a 555-day deposit product with higher rates for senior citizens

HDFC Bank prices $750 mn bond in largest lender offshore deal since 2023

The deal is the largest by an Indian lender since the State Bank of India's $750 million five-year bond sale in May 2023 and comes as SBI and Bank of Baroda line up similar overseas debt sales

Bank of Baroda raises FCNR (B) deposit rates by up to 50 bps within a week

The state-owned lender has increased rates across key maturity buckets, offering a peak return of 6.25 per cent on five-year FCNR(B) deposits

PSU banks green deposits surge to ₹3.7k cr in FY26 as RBI framework matures

Green deposit mobilisation at state-owned banks more than doubled in FY26 as depositors embraced sustainable finance and RBI's framework gained traction

RBI tightens norms on bundled products; lenders to refund for mis-selling

New framework mandates explicit customer consent, bans dark patterns and requires lenders to compensate customers in cases of mis-selling

RBI issues payment system authorisation norms under new master directions

The new framework consolidates existing regulations and introduces perpetual authorisation for payment system operators subject to regulatory compliance

FCNR (B) inflows to help replace costly bulk deposits, aid bank margins

Expected inflows could help narrow the credit-deposit gap

RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months

The cooperative bank cannot grant or renew any loans and advances, make any investment, incur any liability, including borrowing of funds and acceptance of fresh deposits, the statement added

CBI files two chargesheets in Rs 657 cr IDFC First bank Haryana fraud cases

CBI files chargesheets in cases involving alleged siphoning of ₹657 crore from Haryana government and Chandigarh Smart City funds through fraudulent transactions

NBFC balance sheets may reach ₹93 trillion by FY28, says Brickwork Ratings

Brickwork Ratings expects NBFC balance sheets to expand to ₹92.9 trillion by FY28, while warning of rising stress in unsecured and rural credit segments

RBI's FCNR(B) scheme may help NRIs earn up to 27 per cent returns

Brokerages estimate leveraged FCNR(B) deposits could generate annual returns of up to 27 per cent for NRIs while helping banks attract $30-60 billion in fresh foreign currency inflows

High logistics costs, static interchange fees lead to ATM cash shortages

Stakeholders discuss how to break the logjam at ATMs

ICICI, Axis, BoB raise FCNR(B) deposit rates to 6% after RBI move

Lenders are raising FCNR(B) deposit rates following the RBI's special swap window, with some private banks offering rates above 6 per cent to attract NRI inflows

May bank credit grows over 17%, ninth straight month of double-digit growth

Bank credit growth accelerated to 17.44% in May, extending nine months of double-digit expansion amid strong demand from retail and corporate borrowers

Sebi pushes back merchant banker SBU and net worth norms deadlines

The deadline for merchant bankers to intimate Sebi regarding their categorisation as Category I or Category II merchant bankers has also been extended to March 31, 2027, from January 2, 2027