The former Economic Affairs Secretary who resigned as HDFC Bank's part-time chairman amid a governance row, was paid Rs 59 lakh in sitting fees and Rs 48.25 lakh in fixed remuneration in FY26, nearly his full annual entitlement.

The former Economic Affairs Secretary who resigned as HDFC Bank's part-time chairman amid a governance row, was paid Rs 59 lakh in sitting fees and Rs 48.25 lakh in fixed remuneration in FY26, nearly his full annual entitlement.

The bank's annual report shows deputy MD Kaizad Bharucha earned Rs 17.14 crore in FY26, while CEO Sashidhar Jagdishan drew Rs 15.13 crore, nearly Rs 2 crore less.

Jagdishan said HDFC Bank had continued to enhance its internal frameworks and refresh key control processes as part of its ongoing governance efforts.

SBI Research said India has received $7 billion in FII inflows since the measures announced by the Government to bring foreign inflows and boost the rupee.
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The drive to raise money from the diaspora revived a playbook last used by lenders during the 2013 taper tantrum, when India garnered about $34 billion to stem the rupee's decline.

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.

Naveen Tahilyani also submitted his resignation as non-executive director of ICICI Life Insurance with effect from Monday.

The last date for application is July 8, and the bank expects to complete the entire process by December.