Banking

RBI appoints Sudhakar Malli as Executive Director from October 1

• Malli takes charge as Executive Director on October 1, 2026
• He has around three decades at RBI, including over 25 years in banking supervision
• Bank-supervision leadership change is relevant to Indian banks and regulated lenders

Share of new-to-credit customers rises to 50% in June 2026 from 24% in June 2016: TransUnion CIBIL-FIDC report

• New-to-credit customers reached 50% in June 2026, up from 24% in June 2016
• NBFCs now account for half of India’s new-to-credit borrowers
• Rising first-time borrowing supports growth prospects for Indian NBFCs

PFRDA appoints Bank of Baroda as pension fund sponsor; bank becomes second PSU lender in business

• PFRDA appointed Bank of Baroda as a pension fund sponsor
• The appointment marks the bank’s entry into the pension fund business
• Pension-fund entry expands Bank of Baroda’s business scope

PNB business update: Global business rises 12%, deposits grow 9.9% in H1 FY27

• PNB global business rose 12% and deposits grew 9.9% in H1 FY27
• Global advances grew 14.8% year-on-year in the six months ended September 2026
• Strong loan growth supports PNB earnings, while faster advances than deposits may influence funding costs

HDFC Bank succession settled; execution test awaits new CEO Anup Bagchi

• Anup Bagchi is HDFC Bank’s incoming CEO
• Deposit mobilisation, loan growth, margin recovery and senior management continuity are expected priorities
• Execution on deposits and margins will shape HDFC Bank’s outlook

PNB Q2 Update: Global Business Crosses Rs 31 Lakh Crore, Advances Surge 14.8%

• PNB's global business rose 12% year-on-year to Rs 31.2 lakh crore
• Domestic business grew 10.8% year-on-year to Rs 29.7 lakh crore
• Business growth may support Punjab National Bank's earnings and investor sentiment

NCLT admits insolvency plea by Kotak Mahindra Bank against Unity Realty

• NCLT admitted Kotak Mahindra Bank’s insolvency petition against Unity Realty and Developers
• The petition was filed over a claimed default
• The admission advances Kotak Mahindra Bank’s recovery process on its Unity Realty exposure

IPO tide lifts FY27 credit target of BlackSoil Capital to ₹2,400 crore

• BlackSoil Capital targets ₹2,400 crore in FY27 credit deployment
• It has deployed ₹1,600 crore so far, with IPO-linked funding demand rising

Personal loan sanctions hit Rs 2.99 trillion in Q1FY27: FACE

• Personal loan sanctions reached Rs 2.99 trillion in Q1FY27
• Digital NBFCs sanctioned 3.4 crore loans worth Rs 64,656 crore in April-June 2026
• Rising unsecured lending volumes matter to Indian NBFCs and digital lenders

Opinion | AI Will Be a Boon for Savers

• AI agents could move idle money into higher-paying accounts
• That shift could strain banks’ liquidity
• If adopted in India, automated deposit switching could pressure banks’ deposit funding and liquidity

Nabard subsidiary Nabkisan lists India’s first WASH social bond; raises ₹180 crore

• Nabkisan raised ₹180 crore through India’s first WASH social bond
• The issue was oversubscribed 1.8 times
• The issue may broaden funding options for Indian rural finance and water, sanitation and hygiene projects

Experts' views: Can new HDFC Bank CEO-MD Anup Bagchi's appointment change fortunes of Sensex, Nifty, Bank Nifty indices?

• HDFC Bank shares account for around 11% to 13% of the Nifty 50 and 12.50% of the Sensex
• HDFC Bank’s index weight exposes Nifty and Sensex investors to leadership-driven share moves

RBI consolidates existing guidelines on credit facilities for SC/ST borrowers

• RBI issued a Master Circular consolidating existing guidelines on bank credit facilities for SC/ST borrowers
• The guidelines cover lending and loan processing
• Banks must follow consolidated credit guidance for SC/ST borrowers

anup bagchi hdfc bank ceo rbi private bank ceos

• Anup Bagchi’s appointment as HDFC Bank CEO adds to recent external hires leading private banks
• The RBI is weighing continuity and independence as private banks select leaders
• HDFC Bank shareholders are exposed to the leadership change and its implications for the lender

RBI clears Anup Kumar Saha as Kotak Mahindra Bank CEO for three years from January 1, 2027

• Saha joined Kotak in January 2026 and currently serves as a whole-time director
• Kotak shares rose almost 4% after the appointment announcement
• Leadership clarity may support sentiment toward Kotak Mahindra Bank shares

HSBC hires Cantor's Paras Jain to lead global TMT banking, sources say

• HSBC appointed Paras Jain global head of TMT investment banking, starting in November

All Saturdays declared bank holidays? PIB Fact Check debunks fake notification

• PIB Fact Check debunked a fake notification claiming all Saturdays would be bank holidays
• Bank unions recently deferred a nationwide strike scheduled for September 28–30
• The clarification affects banks and their customers, but does not indicate a change to bank holidays

Why $143.5-billion FCNR inflows may not mean abundant bank liquidity

• Record FCNR inflows reached $143.5 billion
• SBI Research says the liquidity impact may be far smaller than headline inflows suggest
• Smaller-than-expected liquidity gains may limit support for Indian banks

'ICICI is CEO-making factory' trends on internet as Anup Saha, Anup Bagchi named MD-CEO of Kotak Mahindra, HDFC Bank

• Anup Saha will become Kotak Mahindra Bank CEO for a three-year term from January 1
• He succeeds Ashok Vaswani, who is stepping down for personal reasons
• Leadership change puts Kotak Mahindra Bank in focus for Indian bank investors

RBI allows one-time approval for eligible funds’ repeat bank stake acquisitions up to 10%

• Eligible mutual funds, insurers and pension funds can seek one-time approval for subsequent acquisitions up to 10%
• Prior approval remains mandatory for the initial acquisition
• Simpler stake-building rules may aid demand for Indian bank shares, including Bank of India

Matter of liquidity: How the RBI manages cash in the banking system

• The RBI uses a mix of short- and long-term tools to manage banking-system cash
• RBI liquidity management affects funding conditions for Indian banks

Breakingviews - COMMENTARY: HDFC's new CEO opens door to a comeback

Employees of private banks score over public sector banks in productivity

FCNR(B) leverage fuels loans against FDs