Page 7 - Banking

Banks cannot cut interest on court-ordered FDs arbitrarily: Delhi HC

Delhi High Court dismissed NatWest Markets' appeal over a ₹5.89 crore fixed deposit, ruling that any reduction in the interest rate must have a valid basis

RBI may continue liquidity absorption as it begins rate-hiking cycle

Core liquidity surplus remains around ₹10 trillion, keeping the focus on RBI's liquidity operations as markets expect a 25-basis-point repo rate increase this week

HDFC Bank mobilises over ₹1.5 trillion in deposits in September quarter

Period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent YoY to ₹33.27 trillion, while advances grew 16.3 per cent year-on-year

The CEO factory: How ICICI, SBI, Axis shaping financial services leadership

HDFC Bank, ICICI Bank, SBI and Axis Bank have emerged as key training grounds for financial services leaders who later take up top industry roles

Banks likely to report treasury losses in Q2 as bond yields harden

The benchmark 10-year government bond yield hardened by 42 basis points during the quarter, while the five-year bond yield rose by 43 basis points to 6.85 per cent

Deposit growth gets a leg-up for banks in Q2 due to FCNR(B) mobilisation

Public and private sector banks reported strong deposit growth in Q2FY27, aided by FCNR(B) mobilisation under the RBI's concessional swap window

HDFC Bank's succession settled, but Anup Bagchi faces execution test

Deposit mobilisation, loan growth, margin recovery and senior management continuity could emerge as key priorities for Anup Bagchi

Irdai commission cap plan sparks concern among insurance brokers

Brokers say lower payouts may not necessarily translate into cheaper premiums and could instead squeeze servicing economics, trigger consolidation, and weaken insurance distribution

Bajaj Finance plans to raise up to ₹175 bn via QIP, preferential warrants

The company plans to raise up to ₹117 billion through a QIP and another ₹58 billion through preferential warrants to promoter and holding company Bajaj Finserv

RBI names Sudhakar Malli executive director, to oversee bank supervision

Malli has around three decades of experience, including over two and a half decades in supervising banks, NBFCs and co-operative banks

Personal loan sanctions hit Rs 2.99 trillion in Q1FY27: FACE

Digital NBFCs sanctioned 3.4 crore loans worth Rs 64,656 crore during April-June 2026, with small-value borrowing keeping the average ticket size at around Rs 19,000

Kotak Mahindra Bank appoints Anup Saha as MD & CEO for three-year term

The bank on Thursday said the RBI had given its nod to the appointment, effective January 1, 2027

RBI eases bank share acquisition norms for funds, insurers, pension funds

Eligible investors can seek one-time approval for subsequent acquisitions of up to 10 per cent in a bank, while prior approval remains mandatory for the initial acquisition

Canara Bank's advances grow 16.83%, outpace deposit growth in September

Canara Bank's domestic advances rose to ₹12.63 trillion and deposits to ₹15.48 trillion, while several other lenders also reported strong credit growth in quarterly updates.

All Saturdays bank holidays? PIB flags fake Gazette notification online

The viral document, dated September 30, claims the Finance Ministry declared every Saturday a public holiday for public sector banks. PIB says no such notification was issued

HDFC Bank names ICICI Bank's V N Srivatsan as chief compliance officer

V N Srivatsan, who currently handles overseas banking compliance and data privacy at ICICI Bank, is proposed to join HDFC Bank on January 4, 2027, for a three-year term

Axis Bank brings Apple Pay to Visa, Mastercard credit card customers

Axis Bank has launched Apple Pay for its Visa and Mastercard credit card customers in India, enabling payments at merchants, within apps and online using Apple devices

RBI panel suggests higher WMA limit for states, flags year-end borrowing

Panel proposes raising aggregate WMA limit by 11.2% to ₹67,839 crore and urges states to spread market borrowings more evenly across the financial year

Visa's Pismo platform expands footprint in 'priority market' India

The core banking and card processing platform is exploring credit line on UPI and other use cases as India becomes one of its priority markets for FY27

Bank strike deferred: Are banks open today? Here's what you need to know

Banks will remain open from September 28 to 30 after the UFBU deferred its three-day strike following talks with the IBA on five-day banking, the PLI scheme and other pending issues