Page 5 - Banking

HDFC Bank woes put spotlight on leadership continuity, top-tier handovers

The woes at HDFC Bank have put the spotlight back on leadership continuity and how lenders oversee top-tier handovers, reports Raghu Mohan

Indian Bank to open representative office in Dubai to expand foreign ops

Currently, the bank has a full-service international branch in Singapore and branches in Colombo and Jaffna (Sri Lanka)

Difficult phase for microfinance behind us, Q2 to see growth: IndusInd MD

IndusInd Bank faced a severe governance and accounting crisis in 2025 centred around its microfinance subsidiary, Bharat Financial Inclusion Ltd (BFIL)

SBI to hire 12,000 personnel, add 250 new branches during FY27: Chairman

SBI had hired 4,640 officers, 19,340 associates, and 1,653 contractual staff in 202526, taking the total number of hires to 25,633, as per the bank's annual report for FY26

Banks expect up to 50 bps reduction in funding costs on liquidity surge

Robust FCNR(B) inflows are reducing banks' reliance on higher-cost certificates of deposit, while supporting credit expansion and improving liquidity coverage ratios

ARCs turn to AI, analytics as retail recovery business gains scale

Arcil and other asset reconstruction companies are exploring AI across compliance, collections and recovery analytics as larger retail portfolios increase data volumes and operational complexity

Microfinance recovery to help SFB gross NPAs decline in FY27: Crisil

Improvement will be driven by a recovery in microfinance credit performance and a rising contribution from non-microfinance loans, where asset quality is expected to remain stable

FSAT idea returns as debate grows over RBI penalties, regulatory overlap

RBI Governor Sanjay Malhotra has reopened the debate over an appellate mechanism for central bank penalties, even as experts remain divided over whether another layer of oversight is needed

CEO's refusal to overhaul fueled surprise HDFC Bank leadership shakeup

Rajiv Kumar urged HDFC Bank CEO Sashidhar Jagdishan to accelerate loan growth, step up technology investments and address legacy issues, sources said

ICICI Bank mobilises $17.88 billion via FCNR (B) under RBI swap facility

The private sector lender deployed around $9 billion as loans and issued standby letters of credit worth $3.63 billion against deposits mobilised under the facility

GIFT-IFSC banks sanction $54 billion under RBI's FCNR(B) swap facility

Twenty international banking units sanctioned $54.02 billion and disbursed $52.82 billion under the facility by August-end, according to IFSCA data

JCR upgrades India's sovereign rating to A-, flags high govt debt

Japan Credit Rating Agency cites solid economic growth, policy measures and a stronger financial system, but says elevated debt and fiscal deficits remain structural constraints

RBI Deputy Governor Murmu calls for professional boards at co-op banks

Deputy Governor Shirish Chandra Murmu calls for robust internal controls, greater technology adoption and timely resolution of weak urban cooperative banks

Strong FCNR(B) flows drive excess liquidity to 4-year high of ₹6.65 trn

Muted response to fresh ₹10 trn VRRR auctions; rupee appreciates to two-month high

Banks' microfinance share falls as NBFC-MFIs drive sector recovery: MFIN

Banks' microfinance portfolio fell 28.5 per cent year-on-year as loan reclassification weighed on reported numbers, while NBFC-MFIs expanded their portfolio

Private banks' deposit growth outpaces PSBs' by nearly 350 bps at June-end

Private banks' deposits grew 13.8% in June, outpacing PSBs at 10.3%, while bank credit surged 16.5%, widening the gap with deposit growth

Industry credit growth accelerates to 20% in July; gold loans moderate

Industrial credit growth accelerated from 6.5 per cent a year earlier, while loans against gold jewellery grew 88.1 per cent, down from 136.4 per cent

Private bank CEO exits put board-management relationship under lens

Differences between boards and management over priorities and strategy are prompting some private bank CEOs to opt out, raising concerns over leadership continuity

The Sashidhar Jagdishan years at HDFC Bank: Crisis, merger, and scrutiny

Sashidhar Jagdishan's six-year tenure at HDFC Bank was marked by regulatory setbacks, the HDFC merger, governance controversies and scrutiny of its Dubai operations

Indian Bank to add 100 branches, increase headcount by 2,500 in FY27

To manage growing business and replace retiring employees, the bank would increase its headcount by about 2,500 personnel, including specialist officers