●Developing · 4Picking upRBI governor warns current financial resilience does not assure future stabilitySanjay Malhotra flagged increasing exogenous systemic risksThe warning underscores risk monitoring for Indian banks and other financial institutionsRBIBanks3 sources · 2h
Policy▼Developing · 4RBI Governor Sanjay Malhotra flags rising financial risks, warns against complacency as West Asia conflict adds to inflation pressureRBI Governor Sanjay Malhotra warned against complacency over rising financial risksHe said the West Asia conflict adds to inflation pressureHeightened financial risks warrant vigilance among Indian banks and other lendersRBIInflationMiddle EastBanks2 sources · 2h
●Developing · 4‘Next financial crisis may not start in a bank’: Sanjay Malhotra flags new systemic risks amid global shocksSanjay Malhotra warned the next financial crisis may not originate in the banking systemHe flagged geopolitical events, cyberattacks and technological failures as sources of systemic riskThe warning puts Indian banks and financial firms on alert for risks beyond traditional bankingSanjay MalhotraBanksGeopolitics1 source · 1h
●Developing · 4Banks’ October 3 holiday status varies amid festive closuresOctober is a festive month, with Durga Puja and Dussehra leading to closures in more statesBank closures affect access to services at Indian banksBanks2 sources · 6h
Leadership●Developing · 8HDFC Bank succession settled; execution test awaits new CEO Anup BagchiAnup Bagchi is HDFC Bank’s incoming CEODeposit mobilisation, loan growth, margin recovery and senior management continuity are expected prioritiesExecution on deposits and margins will shape HDFC Bank’s outlookHDFC BankAnup BagchiPrivate banksCredit growthBanks1 source · 19h