Banking
38 today · ranked by importance and coverageBusiest banking tags today 
- SBI-led lenders say Vijay Mallya owes ₹8,752 crore more
- Debt recovery may affect SBI and other lenders’ recoveries

- 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

- 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

- 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

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

- 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
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- 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
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- 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

- 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

- 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

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

- 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
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- 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
- 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

- 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

- 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
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- 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

- 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
- RBI published September 2026 Citizen’s Charter processing status
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- The claim that all Saturdays are bank holidays is not supported by the latest official information
- Bank branches close on second and fourth Saturdays; other Saturdays are generally working days
- A change to Saturday closures would affect Indian banks’ branch operations and staffing
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- An opinion argues UBS should make a positive case for remaining in Switzerland to protect its business
That’s everything for today