Anup Bagchi’s proposed pay package of up to Rs 43.24 crore in his first year puts him ahead of other top private-sector bank chiefs.
Banking
With Rs 43-Crore Pay Package, HDFC Bank's Anup Bagchi Set To Become India's Highest-Paid Bank CEO
ICICI Bank, SBI, Axis Bank Are Jefferies' Top Picks As Rate Hikes Could Lift Bank EarningsThe RBI raised the repo rate by 25 basis points to 5.5%, but Jefferies believes the bigger signal was the change in policy stance from "Neutral" to "Calibrated Tightening".
RBI Rate Hike: BofA Bets On 100 Bps More; Goldman, Citi, Kotak See A Shallower CycleHSBC takes a less aggressive view on the road ahead, arguing that the new stance is more consistent with mild rate hikes rather than a deep tightening cycle.
AI's 'Triple Whammy': Energy, Tech Push, Borrowing — IMF Flags Global Debt Crisis Testing Central BanksIMF Managing Director Kristalina Georgieva says AI could boost global growth but is also adding inflation and financial stability risks.
'A Small Fee Won't Impact Volumes': RBI Governor On Upcoming UPI Merchant ChargesFrom Oct. 15 onwards, a Merchant Discount Rate (MDR) of 0.4% will apply to select person-to-merchant UPI transactions exceeding Rs 2,000.
RBI Repo Rate Hike: Will FD Rates Increase? What Depositors Can ExpectThe RBI has raised the repo rate by 25 basis points on October 7. While the move may put pressure on banks to offer higher FD rates, existing FDs are unlikely to be affected.
Nifty Bank In Red Ahead Of RBI MPC; Union Bank, IndusInd, AU Bank Fall Up To 2%The RBI is widely expected to raise the repo rate by 25 basis points (bps) to 5.50% on Wednesday, from the current level of 5.25%. This would be the first rate hike since February 2023.
BFSI Could See High Inflows Once FIIs Return, Says Ashika Institutional Equities' Rahul AroraArora told NDTV Profit that banking is currently suffering collateral damage from the artificial intelligence (AI) trade, even as bank credit growth has grown by 15-20% every month. He also does not expect banks' asset quality to deteriorate.
Goldman Sachs Lifts Kotak Mahindra Bank Target Price; Citi Backs Strong Q2 Loan GrowthAccording to Citi, the growth beat was supported by continued strength in corporate banking, SME, LAP and MFI segments. The brokerage said the bank delivered a "marked step-up" in balance-sheet momentum.
IndusInd Bank Q2 Update: Net Advances Rise 11.2%; Rs 33,000 Crore Mobilised Via FCNR(B) DepositsThe private lender also mobilised $3.51 billion in FCNR(B) deposits under the Reserve Bank of India's deposit swap facility.
RBI May Hike Repo Rate By 25 Bps In October As Inflation Pressures Mount: PollThe last repo rate hike was in February 2023, when the RBI raised the rate by 0.25% to 6.50%.
RBI Repo Rate May Climb To 6% In FY27 As G-Sec Yields Face Upward Pressure: ReportThe Union Bank expects a 25 basis point rate increase in October, followed by one or two additional hikes during the rest of FY27. The repo rate could consequently reach 5.75-6 percent accompanied by a hawkish policy stance signalling continued vigilance over inflation.