Banking & NBFCs
Lenders, credit growth, and the institutions behind every loan.
Banking & NBFCsIOB secures $300 million of $650 million FCNR(B) deposit target ahead of Sept 30 deadline
The public-sector bank has raised nearly half its offshore deposit goal organically, without leverage-linked schemes, as part of a $1 billion overseas fundraising plan.
21 Jul 20261 min read
Banking & NBFCsHDFC Bank delays CEO Jagdishan's reappointment recommendation to RBI
India's largest private bank is running an extra internal review into deposit-pricing allegations before formally seeking a term extension for MD & CEO Sashidhar Jagdishan.
21 Jul 20261 min read
Banking & NBFCsAxis Bank lifts Max Life stake to 19.99% for ₹381 Cr, eyes 30%
A ₹3,900 crore follow-on investment would take Axis Bank's holding in Axis Max Life Insurance to the new RBI-permitted ceiling of 30%.
20 Jul 20261 min read
Banking & NBFCsPrivate banks add branches, cut headcount: ICICI, Axis, HDFC, Kotak all shrink FY26 staff rolls
India's largest private lenders expanded branch networks even as they trimmed headcount, with automation absorbing back-office and mid-office attrition instead of new hiring.
20 Jul 20261 min read
Banking & NBFCsPNB mobilizes $419 million in FCNR(B) deposits, targets $2.5 billion by September 2026
The bank's foreign currency deposit push reflects a broader shift among Indian lenders to diversify funding sources amid global market volatility.
19 Jul 20261 min read
Banking & NBFCsAxis Bank names Rajeev Mantri as new CFO, effective September 28, 2026
Mantri, former CFO of Bandhan Bank, moves into one of Axis Bank's most influential roles, overseeing capital allocation and regulatory compliance.
18 Jul 20261 min read
Banking & NBFCsTVS-owned Home Credit India to acquire Varthana Finance for ₹967 Cr
The all-cash deal adds secured, long-tenure education infrastructure lending to TVS's consumer durables and vehicle finance mix.
16 Jul 20261 min read
Banking & NBFCsJana Small Finance Bank taps TVS for 9.9% stake to shift loan mix toward secured two-wheeler financing
The bank is trading equity for direct access to TVS's dealer network, using the partnership to pivot away from unsecured lending as RBI pressure mounts.
16 Jul 20261 min read
Banking & NBFCsFairfax Financial to acquire 60.72% of IDBI Bank for ₹53,000 crore
Canadian billionaire Prem Watsa's Fairfax Financial Holdings is buying out the government and LIC's stakes in the state-owned lender, signalling serious intent on banking privatisation.
16 Jul 20261 min read
Banking & NBFCsSBI appoints LIC CFO Sunil Agrawal, marking rare cross-institutional talent move
State Bank of India has named Sunil Ramgopal Agrawal as CFO effective August 1, drawing him from his role at Life Insurance Corporation of India—a significant shift in how Indian public sector financial institutions source leadership.
16 Jul 20261 min read
Banking & NBFCsHow Aditya Puri built HDFC Bank on discipline, not FOMO
By refusing the 2004-2007 infrastructure lending boom that other Indian banks chased, HDFC Bank kept gross NPAs at 0.85% while the industry average hit 6%.
15 Jul 20261 min read
Banking & NBFCsHDFC Bank shrinks workforce for first time, adds managers as tech takes over clerical roles
India's largest private bank cut 3,343 employees in FY26 while boosting managerial and sales positions. The shift signals how automation is rewriting the banking playbook across India.
14 Jul 20261 min read
Banking & NBFCsTata Capital acquires 88.6% stake in Yogloans to enter gold lending at ₹318 Cr valuation
The move gives Tata Capital instant access to ₹708 crore in gold loan assets and 162 branches across South India, marking a strategic pivot into secured lending as RBI pressures unsecured consumer credit.
14 Jul 20261 min read
Banking & NBFCsHDFC Bank's deputy MD Bharucha out-earned CEO Jagdishan in FY26
Kaizad Bharucha took home ₹17.14 crore against Sashidhar Jagdishan's ₹15.13 crore, as performance-linked bonuses and ESOP grants pushed the Deputy MD's pay past the CEO's.
13 Jul 20261 min read
Banking & NBFCsHDFC Bank cuts 8,000+ clerical roles, shifts staff to front-office sales via AI
HDFC Bank's annual report shows backend operations staff being redeployed to customer-facing roles as its AI model Neev and cash recycler machines automate routine processing.
13 Jul 20261 min read
Banking & NBFCsIndian Bank targets ₹4,500–5,500 crore in NPA recovery for FY27
The bank recovered ₹1,885 crore in Q1 alone, putting it 34% ahead of its full-year target. Write-backs from resolved bad loans now directly boost the bottom line.
13 Jul 20261 min read
Banking & NBFCsShriram Finance taps $1.3B offshore loan after securing BBB- investment grade rating
By upgrading to investment grade, the NBFC has accessed cheaper global liquidity than domestic markets can offer, signalling a wider trend for Indian lenders seeking cost relief.
13 Jul 20261 min read
Banking & NBFCsDBS India nets ₹1,020 crore profit on 49% growth, halves bad loan ratio
The Singaporean lender's bold Lakshmi Vilas Bank integration is now yielding results, with gross NPAs cut from 2.78% to 1.34% and advances scaling 15%.
10 Jul 20261 min read
Banking & NBFCsRBI clears Canara Bank veteran Mahesh Pai as new MD & CEO of South Indian Bank
Pai takes over from P. R. Seshadri on October 1, bringing decades of large-scale retail distribution experience to a bank mid-way through a retail-led turnaround.
9 Jul 20261 min read
Banking & NBFCsAxis Bank loses three treasury and corporate banking veterans in one month
Three senior leaders with a combined four decades at Axis Bank have resigned, following the CFO's exit weeks earlier — signalling a strategic shift in how the bank runs corporate banking.
9 Jul 20261 min read
Banking & NBFCsBajaj Finance built ₹5.47 lakh crore AUM by ignoring its legacy playbook
When Bajaj Finance inherited a struggling two-wheeler captive finance arm in 2007, leadership bet against its core asset and pivoted to point-of-sale consumer durables—a market banks had written off.
9 Jul 20261 min read
Banking & NBFCsRBI approves Vishwanathan's re-appointment as Axis Bank chairman for three more years
The former RBI Deputy Governor brings four decades of central banking experience to the board, positioning Axis to navigate tightening regulatory scrutiny in retail and digital lending.
8 Jul 20261 min read
Banking & NBFCsNCLT rejects Unity SFB's insolvency plea over 2012 default, citing time bar
A fresh loan recall notice in 2019 could not restart the three-year limitation clock on a default dated August 2012, the Mumbai NCLT bench ruled.
6 Jul 20261 min read
Banking & NBFCsBank of Baroda's ₹5,700 crore NMC settlement reopens PSU disclosure debate
BoB's sudden $600 million payout to settle the NMC Healthcare fraud case in Dubai wipes out over a quarter of its projected annual net profit — after annual reports called its legal standing 'robust'.
6 Jul 20261 min read
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