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HDFC Bank appoints Anup Bagchi as its next MD and CEO after RBI approval. He moves from ICICI Prudential Life Insurance and takes charge on October 27, 2026.
HDFC Bank names Anup Bagchi as MD and CEO for three years from October 27, 2026, succeeding Sashidhar Jagdishan, after RBI approval.
RBI finalises amended bank shareholding norms, allowing eligible mutual funds, insurers and pension funds one-time approval for stakes up to 10 per cent.
PIB Fact Check says a viral gazette claiming all Saturdays are public holidays for public sector banks including SBI is fake and no such order exists.
A Bandhan Life Insurance report says the RBI could raise the repo rate by 50-75 bps, driven by domestic inflation, growth and geopolitical uncertainty.
Anand Rathi report sees bank net interest margins bottoming out and rising from 2HFY27, with credit growth at 18-20% and asset quality staying benign.
PIB Fact Check says a viral gazette claiming every Saturday is a public holiday for public sector banks including SBI is fake and not issued by the Finance Ministry.
IIFL Capital expects bank margins to improve from Q3 FY27 as fresh lending rates rise 2-24 bps, though FCNR deposits may drag NIM in Q2.
Finance Ministry keeps small savings scheme interest rates unchanged for Oct-Dec, with PPF at 7.1%, Sukanya Samriddhi at 8.2% and NSC at 7.7%.
RBI data shows non-food bank credit grew 18.8% year-on-year in August, with industry and services lending rising sharply and retail loans steady.
Macquarie Equity Research expects Indian banks to deliver 18% EPS growth in FY28 on margin gains, stable asset quality and attractive valuations.
RBI data shows net claims of non-residents on India rose USD 16.5 billion in Q1 FY26-27, with external liabilities up and reserve assets declining.
RBI data shows India's external debt rose USD 15.4 billion to USD 778.2 billion in the June quarter, holding steady at 20.8 per cent of GDP.
New rules from October 1 cover UPI MDR, LPG Aadhaar authentication, SBI ATM limits, extended tax deadlines, NPS fees and TDS compliance via PAN.
BofA Securities expects a 25 bps repo rate hike on October 7 and a total 100 bps increase by H1 2027, with the stance shifting in December.
An RBI-appointed committee says states concentrating market borrowing in January-March can raise costs for all states, and urges spreading borrowings through the year.
BofA Securities expects the RBI to start hiking rates in October and raise the repo rate to 6.25 per cent by the first half of 2027 on inflation risks.
Nuvama report says higher FCNR(B) mobilisation may compress bank margins in 2QFY27, while extra liquidity could ease NBFC funding costs and support credit growth.
EY says higher crude prices, a weaker rupee and tight global financial conditions raise the odds of a 25 bps repo rate hike at the RBI's October MPC meet.
Nomura expects the RBI to limit rate hikes to 25-50 bps, with CPI inflation easing to 5.3% in H1 2027 and below 4% in H2 2027.
