Banking News
Latest news, explainers and analysis on Banking News. Tracking 32 stories on Arth Vani.
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8 Banks Raise Loan Rates; ₹30 Lakh Loan EMI Up ₹470 Approximately
Eight Indian banks have reportedly increased their loan interest rates, directly impacting borrowers. This adjustment means individuals with a ₹30 lakh loan can expect their monthly EMI to rise by approximately ₹470. Borrowers are advised to check their latest statements for changes.
BreakingAnup Bagchi's Core Mandate: Restore Investor Trust at HDFC Bank
Incoming HDFC Bank CEO Anup Bagchi faces the immediate and critical task of rebuilding investor confidence. His focus will be on improving the bank's operational execution and governance, as key performance indicators like loan growth and return on equity have recently trended closer to the industry average.
BreakingRBI Monetary Policy: Economists Predict Interest Rate Hike in October Meeting
A majority of economists expect the Reserve Bank of India (RBI) to raise benchmark interest rates during the upcoming October policy review. The move aims to curb persistent inflation and align with global monetary trends, potentially impacting home and auto loan EMIs.
RBI Srinagar Conference: Focus on Financial Inclusion and Cyber Security Awareness
The Reserve Bank of India (RBI) recently held a high-level conference in Srinagar to drive financial sector initiatives and strengthen cyber security. The meet focused on expanding the reach of government schemes and protecting retail customers from digital fraud.
M&T Bank Raises Prime Lending Rate to 7.00% Effective September 17, 2026
M&T Bank Corporation, a U.S.-based financial holding company, announced it will increase its prime lending rate from 6.75% to 7.00% starting Thursday, September 17, 2026. This move reflects the current interest rate environment in the United States, influencing various borrowing costs.
HDFC Bank Faces Whistleblower Concerns & RBI Scrutiny Amid Senior Exits
HDFC Bank is reportedly grappling with whistleblower complaints and increased scrutiny from the Reserve Bank of India (RBI). These issues are emerging concurrently with a series of senior management departures from the private sector lender.
BreakingHDFC Bank Submits Two CEO Candidates to RBI for Approval
HDFC Bank has submitted a list of two potential candidates to the Reserve Bank of India (RBI) for the crucial position of its next Chief Executive Officer (CEO). This move is a standard regulatory process for appointing top leadership in Indian banks.
BreakingHDFC Bank Begins CEO Succession Hunt: Top Candidates in the Race for Top Job
India's largest private lender, HDFC Bank, has initiated the search for a successor to current CEO Sashidhar Jagdishan. The bank is evaluating high-profile internal leaders and external veterans, including former SBI Chairman Dinesh Khara and Axis Bank CEO Amitabh Chaudhry.
BreakingHDFC Bank CEO Sashidhar Jagdishan to Step Down in October 2026
HDFC Bank Managing Director and CEO, Sashidhar Jagdishan, will step down from his role on October 26, 2026. He has decided not to seek another term at the helm of India's largest private sector lender.
BreakingHDFC Bank CEO Sashidhar Jagdishan to Step Down in October; Successor Search Begins
HDFC Bank Managing Director and CEO Sashidhar Jagdishan has informed the board that he will not seek a reappointment when his current term ends in October. India's largest private lender will now fast-track the selection process to find a successor for the top leadership role.
BreakingHDFC Bank CEO Sashidhar Jagdishan to Step Down in October; Successor Hunt Begins
HDFC Bank's Managing Director and CEO Sashidhar Jagdishan has informed the board that he will not seek a term extension and will exit his role in October. The private lender is now fast-tracking the selection process to find a successor for India's largest private bank.
BreakingNCLT Approves 99.97% Haircut in Subhash Chandra Insolvency Case
The National Company Law Tribunal (NCLT) has cleared a resolution plan for Zee founder Subhash Chandra, allowing him to settle ₹22,006.57 crore in claims for just ₹6.5 crore. This massive haircut stems from his role as a personal guarantor rather than a direct borrower.
Indian Bank to Raise $400 Million via Foreign Loans to Fuel Business Growth
Public sector lender Indian Bank is set to raise $400 million through External Commercial Borrowings (ECB) this week. The bank also plans to secure an additional $600 million by 2026 and targets $2 billion in FCNR(B) deposits to support its digital and expansion goals.
Indian Bank to Raise $400 Million via Foreign Loans to Fuel Business Growth
Public sector lender Indian Bank is set to raise $400 million through External Commercial Borrowings (ECB) this week. This move is part of a larger plan to secure $1 billion in foreign funding and $2 billion in FCNR(B) deposits to support its digital and credit expansion.
Foreign Banks Challenge Local Rivals as FCNR Deposits Surge 15-Fold to $8.97 Billion
Foreign banks in India have seen a massive 15-fold jump in Foreign Currency Non-Resident (FCNR) deposits, reaching $8.97 billion as of July 30. Major players like HSBC and Standard Chartered are narrowing the gap with domestic banks by aggressively mobilizing dollar-denominated savings from Non-Resident Indians.
BreakingUPI to Remain Free? PhonePe and Razorpay CEOs Back Zero Charges for Consumers
Top fintech leaders Sameer Nigam and Harshil Mathur have voiced strong support for keeping UPI transactions free for retail users. This comes amid ongoing industry debates regarding the Merchant Discount Rate (MDR) and potential costs for digital payments.
Standard Chartered to Launch Wealth Management Services in GIFT City Following IFSCA Nod
Standard Chartered has received in-principle approval from the IFSCA to offer retail wealth management products in Gujarat's GIFT City. The bank, which was the first foreign lender to enter the hub in 2020, plans to roll out these services within the next few months.
BreakingRBI Holds Repo Rate at 6.5%: What It Means for Your Home Loan EMIs
The Reserve Bank of India (RBI) has decided to keep the benchmark repo rate unchanged at 6.5% for the fourth consecutive time. This decision aims to balance inflation control with economic growth amidst global market uncertainties.
PNB Targets ₹20,000 Crore Profit; Rules Out Selling Stakes in Subsidiaries for Now
Punjab National Bank (PNB) has decided to pause the monetization of its subsidiary companies to focus on internal value creation. The bank expects its net profit to cross the ₹20,000 crore mark this fiscal year, backed by strong capital adequacy and steady loan growth.
RBI Mandates Fake Note Detection Machines at Border Bank Branches
The Reserve Bank of India (RBI) has ordered banks to install note authentication machines at all branches located near international borders to curb counterfeit currency. Additionally, all cash-handling staff must undergo mandatory security feature training by October 2026.
HDFC Bank Spends ₹1,316 Crore on CSR in FY26; Parivartan Reaches 11,000 Villages
HDFC Bank has invested over ₹1,316 crore into its Corporate Social Responsibility (CSR) initiatives during the 2025-26 financial year. The bank's flagship 'Parivartan' program has now impacted over 10.77 crore lives across India, with a significant expansion into rural and border areas.
HDFC Bank Invests ₹1,316 Crore in CSR; Parivartan Reaches 11,000 Villages
HDFC Bank has spent over ₹1,316 crore on Corporate Social Responsibility (CSR) initiatives during the 2025-26 financial year. Under its 'Parivartan' program, the bank has expanded its rural development footprint to 11,000 villages, significantly increasing its focus on border regions.
IndusInd Bank Q1 Net Profit Jumps 71% to ₹1,037 Crore as Loan Growth Recovers
IndusInd Bank reported a strong 71% year-on-year growth in net profit for the first quarter, driven by a recovery in loan disbursements and better asset quality. While the bank showed sequential growth, analysts suggest further consistency is needed to confirm a full turnaround.
Dubai’s Emirates NBD Invests ₹26,016 Crore in RBL Bank to Scale Up Operations
Emirates NBD has finalized a massive capital infusion into RBL Bank, acquiring a significant stake through a ₹26,016 crore share purchase. This move is expected to bolster RBL Bank’s financial stability and improve services for its retail and credit card customers.
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