Piyush Shukla

NDTV Profit has learnt that HDFC Bank MD Kaizad Bharucha is the top contender to succeed Sashidhar Jagdishan as next MD & CEO.

In an exclusive interaction with NDTV Profit, Jagdishan said this is the right time to resign.

Axis Bank targets 25%-30% annual growth in the segment and has disbursed over Rs 5,000 crore under ECLGS 5.0, Prashanth TS said.

Tata Capital, Aditya Birla Capital and Godrej Capital are expanding into India's fast-growing gold loan market through acquisitions, branches and technology-led lending.

Currency in circulation has more than doubled since FY16, RBI's Shirish Chandra Murmu says — proof that cash and digital payments are growing together, not apart.

MPC member Saugata Bhattacharya warned that persistently high fuel prices could have second-round effects on inflation by feeding into input costs and broader price pressures.

RBI Deputy Governor Shirish Chandra Murmu said 176 billion banknotes are currently in circulation in India, despite the rapid adoption of UPI and digital payments.

The central bank urged NBFCs to ensure that risks arising from new products and business models are identified and addressed at an early stage.

The current version, ECLGS 5.0, helps businesses manage short-term liquidity mismatches with loans up to Rs 100 crore for general sectors and Rs 1,500 crore for airlines.

On capital raising, SBI may tap the market with one more tranche of additional tier-1 (AT-1) bonds. The bank will look to replace Rs 6,000-8,000 crore of five-year AT-1 bonds that are maturing.

Rajiv Kumar said large banks such as HDFC Bank are bound to face issues from time to time, but what matters is resolving them promptly.

SBI is understood to have raised over $5 billion through the FCNR-B route, garnering over $1 billion just last week. SBI is offering up to 9X leverage to its clients under the scheme.

Godrej Capital is eyeing an IPO in four to five years as it expands gold loans, affordable housing finance and personal lending to achieve its Rs 1 lakh crore loan book target.

The comments came as Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to Rs 4,123 crore for the June quarter.

HDFC Bank's ex interim chair Keki Mistry, too, said that corporate governance remains strong at HDFC Bank.

Banks Q1 Results Preview: System-wide deposit growth remained healthy at 12% YoY, aided by strong credit expansion and an increase in the money multiplier. However, deposit growth continues to trail loan growth, said Motilal Oswal.

Industry officials expect further diversification over the next few years, with payment companies likely to deepen their presence in secured and unsecured lending, wealth management, insurance distribution and merchant financial services.

The RBI is understood to have sought details of cash inventories at bank branches to determine whether lenders are maintaining adequate cash to replenish ATMs in a timely manner.

Several banks have tightened redemption benefits and raised eligibility thresholds for premium perks such as airport lounge access.

Banks have mobilised an estimated $3-4 billion so far, with lenders expecting inflows to pick up from mid-July as awareness among overseas Indians increases.