Top Indian Banking Industry News & Updates - 21 March 2026,Saturday
🗎 RBI / MoF / Govt. Policies
RBI injects ₹25,101 crore in banking system via 3-day VRR auction
The Reserve Bank of India (RBI) on Friday injected ₹25,101 crore transient liquidity in the banking system through a three-day variable rate repo (VRR) auction.
RBI Central Board approves Bank's 2026-27 budget, Utkarsh 3.0 strategy framework
New Delhi: The Central Board of Directors of the Reserve Bank of India (RBI) approved the Bank's budget for the accounting year 2026-27 and also the Bank's Medium Term Strategy Framework (Utkarsh 3.0) for the period 2026-29.
RBI moves to prevent banks from mis-selling financial products
At the time of taking a home loan, did the bank executive recommend that you take a home loan insurance policy? Legally, it is not mandatory to buy such a policy. However, many bank customers have reported that they were recommended to buy the policy.
RBI board assesses impact on financial markets amid geopolitical tensions
Banking liquidity surplus shrinks to ₹16,875 crore, lowest since Jan 22
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🏦 PSB / Pvt Banks
SBI shifts 64 staffers from West Asia to Mumbai, moves operations amid escalating regional conflict
State Bank of India has evacuated 64 employees from West Asia to Mumbai over the past few days as the country’s largest lender activated a business continuity plan in response to the escalating war in Iran.
SBI, Canara Bank, BoB to PNB: PSU bank stocks rise up to 5% following stock market rebound
Nifty PSU Bank index surged almost 4% in intra-day deals on Friday, March 20 following broader gains on Dalal Street. This comes after a steep 3% fall in the previous session.
Large lenders rein in retail loan GNPAs in FY26
New Delhi: The retail loan books of both private and public sector banks had increased sharply in the years following the pandemic as banks chased loans from individuals to grow their business. Sharp practices adopted by some of these lenders, as highlighted by the RBI, have led to an increase in risk and bad loans in these loan portfolios.
HDFC Bank chief's exit baffles investors, wipes $7 bn off market value
Hours after the startling resignation of HDFC Bank Ltd.’s chairman, executives at India’s largest private lender hastily arranged a call to assure investors that all was well. Though the stock had tumbled the most in almost two years, management insisted there was nothing material in Atanu Chakraborty’s abrupt departure over “ethics.”
HDFC Bank board to meet next week to decide on new chairman
HDFC Bank’s Board of Directors are scheduled to meet mid next week to take stock of the situation arising from the abrupt resignation of Part-Time Chairman Atanu Chakraborty and discuss his possible replacement, among others.
HDFC bank chairman's exit over ethical concerns: Existential fire or false alarm?
HDFC Bank's recent top-level exit evokes a familiar feeling: When someone says there's nothing wrong and yet quits, something is definitely wrong.
Indian Bank sees strong growth despite West Asia volatility: Ashutosh Choudhury
Coimbatore (Tamil Nadu): Indian Bank continues to register strong growth despite global uncertainties, with steady expansion in advances and deposits, its Executive Director Ashutosh Choudhury said, noting that volatility due to the West Asia crisis has had only an indirect impact.
IDFC First Bank unfreezes accounts of subsidy beneficiaries
According to information, the accounts of several beneficiaries of subsidy provided by CREST on account of installation of solar panels and purchase of electric vehicles were frozen by the bank.
Best FD rates March 2026: Up to 8.25% across small, private and PSU banks
Valuations favour private banks over PSBs: Kotak Institutional Equities
HDFC Bank shares decline 7.5% in two days amid governance concerns
HDFC Bank fires three staff after chairman exit over ethical concerns
📝 Indian lenders pay steepest premium for short-term funds in 6 years as borrowings hit record
📝 SBI faces ₹6,337.5 crore Income Tax demand for AY 2023-24
📝 SBI shares jump 3% after subsidiary SBI Funds Management files draft IPO papers
📝 Shock resignation of HDFC Bank chief Atanu Chakraborty baffles global investors
📝 Bank of Baroda launches UPI-linked overdraft facility for women Self-Help Group members
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🏦 Foreign Banks / FIIs / I-Banks
Middle East conflict unlikely to hurt Indian economy's structural strength, says Radhika Rao of DBS Bank
The US-Israel military operation against Iran, which began on 28 February, has spooked the financial markets and global trade. With attacks extending to energy infrastructure, including gas facilities and production sites in the Gulf, governments and financial markets fear that the conflict may escalate further. In an email interview with Livemint, Radhika Rao, senior economist & executive director, DBS Bank, shares her views on the likely impact of escalating Middle East tensions on interest rate changes.
Norges Bank sells 0.6% stake in Zee Entertainment for ₹44.4 crore
Norges Bank Investment Management sold 60.98 lakh shares, or a 0.6 per cent stake, in Zee Entertainment Enterprises Ltd at an average price of ₹72.32 on Friday, for a total value of ₹44.4 crore.
📝 RBI imposes penalty on HSBC
📝 JP Morgan Chase Bank NA settles Sebi case for ₹34.42 lakh over FPI lapses
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🏠 Housing Finance
Home loan rates start at 7.10% in March; state-owned banks lead in offers
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🗎 NBFCs / FIs / MFI
Government launches ₹20,000 crore credit guarantee scheme for microfinance institutions
The government has rolled out a ₹20,000-crore Credit Guarantee Scheme for Microfinance Institutions 2.0, a move that industry body Microfinance Industry Network (MFIN) said would help revive credit flow to underserved segments and ease funding constraints in the sector.
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🧔 Brokers / Distributors
Rajesh Palviya of Axis Sec suggests ACME Solar, Shriram Finance, Hindalco shares to buy
The domestic benchmark indices, Nifty 50 and Sensex, began trading higher on Friday, March 20, following their largest decline in almost two years during the previous session, as oil prices softened, providing some relief to global markets amid the ongoing conflict in the Middle East.
📝 Bear territory! HDFC Bank shares plunge over 21% from all-time high. Top 5 brokerages weigh in
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🗠 Bourses
📝 Bourses jump nearly 1/2% on buying in IT, PSU bank stocks
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Crypto
📝 Bitcoin surprises as oasis of calm while Iran war jolts markets
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🗠 Mutual Funds / AMCs
Using a mutual fund calculator to understand SIP mutual fund growth
New Delhi: A Systematic Investment Plan (SIP) helps investors build wealth through consistent contributions to mutual fund schemes. You can start an SIP online instantly and enable auto-debit, which removes the need to time the market or remember investment dates. Over time, SIPs benefit from compounding and exposure to different market cycles.
SBI Mutual Fund targets ₹13,000 crore IPO
Mumbai: India’s largest asset manager company SBI Mutual Fund has filed its Draft Red Herring Prospectus to raise about ₹13,000 crore.
Indian asset managers dump government bonds at record pace on oil shock
📝 Goldman Sachs, ICICI Pru MF buy DLF shares worth Rs 231 crore via block deals
📝 Zetwerk plans to confidentially file for IPO in 2 weeks: Sources
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🗎 Equities, Pvt. Equity / Hedge Funds
PE firms, HNIs slam brakes on share sales amid market volatility
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🗎 Govt. Securities / Bonds
Middle-East crisis: Why G-Secs and AAA bonds may shield your portfolio in uncertain times
President Trump is fighting his war in the Middle East against Iran today. The purposes of his war are not immediately clear to the general public, nor the roadmap for concluding the same. The uncertainty has thrown the global financial system into turmoil.
HDFC Bank fires 3 senior executives over AT-1 bond mis-selling allegations: Report
India’s largest private lender HDFC Bank has reportedly terminated its group head of retail branch banking Sampath Kumar, along with two other senior officials. According to a CNBC-TV18 report, the step was taken following allegations of mis-selling high-risk additional tier-1 (AT-1) bonds issued by Credit Suisse. The action came shortly after the resignation of chairman Atanu Chakraborty triggered a sharp sell-off. The lender reportedly lost nearly ₹96,000 crore in market capitalisation over two trading sessions.
Corporate bond activity weakens as yields surge, issuers pull back
G-Secs gain popularity: Match investment horizon with tenor to reduce risk
📝 India 10-year yield posts biggest weekly jump in 15 weeks on oil shock
📝 RBI's bond purchases jump after Iran war
📝 Indian asset managers dump government bonds at record pace on oil shock
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✈ International
📝 M&A activity to accelerate this year despite war disruption, Goldman Sachs says
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