Subrata Panda

S&P Global Ratings assigned the private sector lender a BBB-/Stable long-term issuer credit rating, recognising its franchise strength, capitalisation and financial resilience

The pilot will enable participating banks to support round-the-clock cross-border payments using tokenised deposits while settling transactions through existing payment systems

Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.

Commercial banks' credit growth accelerated to a two-year high of 18.6 per cent in late June, while deposits rose by nearly Rs 7 trillion as lenders met quarter-end targets

Indian commercial banks have witnessed a remarkable surge, with credit growth accelerating to a two-year high of 18.6 per cent year-on-year by June

In its FY26 annual report, HDFC Bank's leadership defended the lender's governance standards after former chairman Atanu Chakraborty's resignation triggered questions over board oversight

India's third largest private sector lender, Axis Bank had also reduced its workforce by around 3,100 in FY26 as investments in technology over the years began yielding productivity gains

Companies, including non-banking financial companies (NBFCs), tapped both banks and the commercial paper (CP) market in the first quarter of FY27, reflecting sustained demand for funding across the economy.

Balasubramanian said the Reserve Bank of India's recent measures to attract foreign capital could bring as much as $75 billion in inflows

Listen to This Article The Reserve Bank of India (RBI) on Tuesday proposed doing away with the requirement for mutual funds, insurance