BUSINESS
Will easing inflation pave the way for more rate cuts?
A few economists are of the view that even though easing inflation and outlook might prompt the central bank to cut rates, a pause in the August policy cannot be ruled out after the 50 bps rate cut in the June policy.
BUSINESS
HDFC Bank’s MD and CEO Sashidhar Jagdishan's FY25 pay package rises 12% to Rs 12.08 crore
Jagdishan's pay package includes basic salary of Rs 3.09 crore, allowances and perquisites of Rs 3.46 crore and performance bonus amounting to Rs 4.67 crore. Kaizad Bharucha, Deputy Managing Director of the bank was paid Rs 11.01 crore in FY25.
BUSINESS
PSU banks lead private lenders in issuance of certificates of deposit in June
Of the total CD issued in June, share of Bank of Baroda, Canara Bank, Punjab National Bank, Union Bank of India, HDFC Bank, and Axis Bank, remained 76.2 percent.
BUSINESS
Private banks beat PSBs on deposit growth in Q1FY26, per provisional data
Nonetheless, tepid growth in current and savings account deposits has sustained in the April-June quarter.
BUSINESS
Aggrieved Credit Suisse AT-1 bondholder approaches EOW against HDFC Bank officials
They allege mis-selling by HDFC Bank They were sold AT-1 bonds of Credit Suisse in May 2021. These bonds were written down to zero in March 2023 when Credit Suisse was merged with UBS. AT-1 holders had to take a complete write-off.
BUSINESS
Lilavati Medical Trust versus HDFC Bank: What the dispute is all about
The Supreme Court on July 4 declined to hear HDFC Bank CEO’s petition against the FIR filed by the Lilavati Medical Trust.
BUSINESS
Karnataka Bank likely to elevate new COO Raghavendra Bhat as interim CEO
Managing director and CEO Srikrishnan Hari Hara Sarma resigned on June 29 and the resignation takes effect from July 15
BUSINESS
Banks Q1 earning preview| PAT to remain under pressure amid margin pressure
There has been greater pressure on banks' NIMs due to a downward repricing of External Benchmark Lending Rates amid front loading of rate cuts by the Reserve Bank of India in the last three monetary policies
BUSINESS
Call money volumes remain subdued despite extending trading timings
RBI had announced extension of market trading timings of call money and repo and TREPs on June 25. The effective date of extension was set on July 1.
BUSINESS
Banks continue to battle with slow growth in CASA deposit in June quarter, show provisional numbers
In the last few quarters, banks have been struggling with deposit mobilisation, especially on the CASA front, due to unattractive interest rates for depositors as other financial products offered greater returns.
BUSINESS
NBFCs' AUM to see 5-25% impact amid waiver of foreclosure charges by RBI: Report
On July 2, the Reserve Bank of India (RBI) has asked banks and non-banking financial companies (NBFCs) to not charge any prepayment penalty on floating rate loans to micro and small enterprises (MSEs), sanctioned or renewed from January 1, 2026.
BUSINESS
RBI to conduct Rs 1 lakh cr 7-day variable rate reverse repo auction on July 4
On July 1, Moneycontrol had reported that the RBI will conduct more variable rate reverse repo (VRRR) auctions to remove excess funds from the banking system and maintain liquidity at 1 percent of net demand and time liabilities (NDTL).
BUSINESS
Central govt’s T-bill borrowing cost falls over 90 bps amid surplus liquidity, RBI rate cuts
Money market experts said that short-term rates may come down further after the phased cash reserve ratio cut from September.
BUSINESS
HDFC Bank CEO Sashidhar Jagdishan approaches Supreme Court against Lilavati Trust's FIR
The FIR filed by Lilavati Medical Trust had accused Jagdishan of accepting a bribe of Rs 2.05 crore from erstwhile trustee Chetan Mehta, for giving him financial advice and helping him to retain control over the Trust's governance.
BUSINESS
No immediate restrictions planned on bancassurance model: IRDAI sources
The Centre has been nudging IRDAI to scale up inspections of insurance companies and penalise those flouting norms, particularly in the health insurance segment
BUSINESS
What's holding rupee at 85-86 levels against US dollar?
Experts said that the domestic currency is likely to trade in the range of 85.25 to 86.25 against the US dollar in next few months as geopolitical tensions wanes
BUSINESS
NPAs, capital adequacy to get impacted post amalgamation, says Saraswat Co-operative Bank chairman
On July 1, Saraswat Co-operative Bank has announced its intent to merge crisis-riden New India Co-operative Bank.
BUSINESS
RBI may conduct more VRRR auctions as liquidity remains in huge surplus
Expectations for additional VRRR auctions rose after the liquidity in the banking system remained in huge surplus despite the central bank last week conducting a VRRR auction to remove excess liquidity.
BUSINESS
PSU banks’ 72 board-level vacancies spark concerns over governance, decision-making
Bank of Maharashtra has the highest number of 8 vacant posts, followed by 7 each in Bank of India, Punjab & Sind Bank, and State Bank of India. Union Bank of India has the MD & CEO position vacant since June 3, 2025.
BUSINESS
PSU banks gain favour with states as private lenders fall short on welfare delivery
The Odisha government recently removed HDFC Bank, ICICI Bank, and Axis Bank from the list of banks empanelled for handling business and deposits of state government. Punjab made a similar moves a few weeks ago
INDIA
India records current account surplus in Q4, FY25 deficit narrows to 0.6%
India’s current account surplus had inched up to 1.3 percent of the GDP, compared with 1.1 percent deficit in the previous quarter
WORLD
Foreign investors pull $1 billion from Indian debt in June
FIIs pulled $1.06 billion from Indian debt in June amid global risks and narrowing yield spreads, though short-term bond picks hint at selective optimism.
BUSINESS
RBI brings back 100.32 metric tonnes gold to India from overseas vaults in FY25
The increase in physical gold holdings in India has come at a time of global uncertainty, especially in the world’s largest economy, the US, which has undergone political changes, imposed tariffs, and faces recession risks and a potential economic slowdown.
BUSINESS
India, China trimming US treasury holdings on concerns over US credit rating, rising debt pile
China has reduced exposure to US treasuries by 1.8 percent or $13.5 billion in its portfolio and India cut holdings by 0.4 percent or $1 billion, between April 2024 and April 2025.
