Top Indian Banking Industry News & Updates - 31 March 2026,Tuesday
🗎 RBI / MoF / Govt. Policies
RBI’s new forex rules signal shifts in currency strategy; banks now on frontline
The defence of the rupee has entered a crucial stage, with the central bank virtually forcing commercial banks to share the burden as it guards the country's forex trove.
Government, RBI measures ensure seamless Rural Credit Flow: Finance Ministry
New Delhi: Reserve Bank of India (RBI) endeavours to maintain sufficient liquidity in the banking system to ensure that the productive requirements of the economy, including the rural sector, are met and transmission to market rates remains robust.
RBI's boldest currency move in years brings rupee only brief relief
India’s most dramatic step in more than a decade to curb speculation in the foreign-exchange market delivered fleeting gains, with an initial jump in the rupee rapidly fading, reflecting the deep challenges the central bank faces in supporting Asia’s worst-performing currency.
RBI defers capital market exposure norms to July 1, tweaks acquisition finance rules
RBI defers acquisition financing, capital market norms to July 1
RBI mandates 7-day timeline for ECB filings, revises late fee norms
RBI conducts additional VRR auction amid strong demand, year-end pressures
RBI injects ₹84,582 crore in banking system in two variable repo rate
Banks tighten norms as war puts small borrowers under stress
The West Asia conflict, now stretching beyond a month, has begun to worry banks about the vulnerability of small borrowers, particularly SMEs and MSMEs. Banks have shifted to a more structured and cautious lending mode as early signs of stress among small borrowers intensify, prompting lenders to reassess their exposure even before the full impact of the war plays out.
📝 Real-time checks to improve discipline in credit cycle
📝 RBI imposes penalty on Airtel Payments Bank
📝 Portable bank A/Cs for better user experience: RBI eyes more power for consumers
📝 Consumer demand dynamics may play role in RBI's monetary policy committee decisions
📝 RBI allows SFBs to lend to MIs, sets fresh LTV ratio norms
📝 Net claims of non-residents on India stood at $260.5 billion at end-December 2025: RBI
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🏦 PSB / Pvt Banks
HDFC Bank delayed action in AT-1 bond mis-selling: Atanu Chakraborty
HDFC Bank delayed taking action against officials involved in the mis-selling of additional tier 1 bonds to investors in Dubai, Atanu Chakraborty, the former chairman of the lender, told CNBC-TV18 in an interview broadcast on Monday.
HDFC Bank falls on governance rumours: an opportunity or a warning?
But these winds are turning, and HDFC is no different. On the back of a strategic paring of the bank’s commercial and rural banking (CRB) portfolios, stress appears to have bottomed out. Slippage ratio, which measures the rate at which good loans turn bad, dropped to 1.29% in the December quarter, from the high of 1.64% in July-September 2024.
‘Read the dictionary’: Chakraborty hits back at insinuation charges
Atanu Chakraborty, former part-time chairman of HDFC Bank, on Monday pushed back against suggestions that his resignation letter contained insinuations, saying those interpreting it that way “need to read the dictionary.”
Do your work and go home: Aditya Puri on leadership without frills
Aditya Puri, former managing director and chief executive of HDFC Bank, spent 26 years at India’s largest private sector lender, building it from scratch after a two-decade stint at Citibank.
All banking cos to deduct TDS on interest income beyond ₹50,000 a year
Bank holidays in April 2026: Banks to stay shut for 14 days in these states
No single trigger: HDFC Bank ex-chair cites a range of issues behind exit
HDFC Bank chairman's sudden exit exposes leadership rifts at top lender
📝 No change in interest rates on small savings schemes
📝 Banks' export credit, consumer loans decrease, gold loan surges
📝 Banks take backseat: Bombay High Court upholds PMLA supremacy in asset recovery
📝 Banks cannot see, record what valuables customers store in lockers: Nirmala Sitharaman
📝 Kotak Mahindra Prime names insider Suraj Rajappan as CEO
📝 SBI report urges RBI to tap $700 billion forex reserves to stabilise rupee amid West Asia crisis
📝 Lending rates fall some more, private banks lead push
📝 Bank FD tally in Q3 falls to 2-year low, total deposit base growth also slips
📝 Kotak Mahindra Bank shares hit 52-week low
📝 Banks urge RBI to rethink new rule on forex transactions, cite concern over large losses
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🏦 Foreign Banks / FIIs / I-Banks
How AI is transforming investment banking
Mumbai : Artificial intelligence (AI) is reshaping investment banking workflows. Tasks such as preparing pitch materials and compiling financial profiles, once requiring days of intensive research, can now be completed in a matter of hours. As banks begin testing large language models to draft memorandums and automate due diligence, the industry is confronting structural questions around advisory fees, data confidentiality and regulatory liability.
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🏠 Housing Finance
From ‘next HDFC’ to reality check: What’s ailing Bajaj Housing Finance?
The stock of mortgage lender Bajaj Housing Finance Ltd hit a new 52-week low of ₹75 on Friday. It is now just 9% higher than its public issue price of ₹70 in September 2024. The issue was oversubscribed by about 64x of its offer size driven by huge investor appetite, with chairman Sanjiv Bajaj seeing the company as the contender for becoming the “next HDFC”.
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🏦 Development Banks
Agri-credit flow set to exceed a record Rs 32.5 lakh crore in FY26: Nabard
Credit to the agriculture sector from commercial banks and regional rural banks is set to cross a record Rs 32.5 lakh crore in FY26, driven by greater formalisation of rural lending and rising credit demand, Shaji KV, Chairman, Nabard, said “The credit flow is robust, we will cross Rs 32.5 lakh crore in the current fiscal while there will be some impact on the credit flow during February-March, which will be factored into while projecting growth in credit flow in FY27,” Shaji told FE. He said that there is no such thing as lack of demand for credit but more formalisation of lending is happening. In FY25, commercial banks, cooperatives and regional rural banks together extended Rs 28.69 lakh crore, with about 60% going to short-term crop loans and the rest to investment credit for agriculture and allied sectors.
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🔍 Rating / Research
SBI Research backs RBI forex window for OMCs to ease rupee volatility
Oil marketing companies (OMCs) should be provided a special window by the Reserve Bank of India (RBI) to ring-fence their daily forex demand of around $250–300 million from regular market operations, according to an SBI Research report. On an annualised basis, this translates into demand of $75–80 billion that could be taken out of the market.
Four years of ESG Leadership; YES BANK tops S&P Global CSA Rankings amongst Indian Banks
Mumbai: YES BANK has reinforced its position as India's sustainability leader in banking, achieving a score of 79 out of 100 on the S&P Global Corporate Sustainability Assessment (CSA) 2025, emerging as India's highest-rated bank in the assessment, with a seven-point improvement from the previous year.
Bank credit to industry rises 13.5% in Feb on infra demand: RBI data
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🗎 NBFCs / FIs / MFI
Paying on time isn’t enough, credit utilisation matters too: HDB Financial CCO Rohit Patwardhan
It appears like just any other three-digit number. However, there is a lot of data behind it. Your financial history is what determines your credit score. This includes the manner in which you have repaid loans, the level of credit you have used, and the frequency with which you have borrowed. With the ease of loan availability enabled by technology, it is important to understand what really makes up your credit score.
Loan rule changes in 2026: faster scores, zero charges you should know
Banks' gold loan portfolio surges 128% in February, shows RBI data
Nomura flags stress in MSME, vehicle loans as fuel shock hits NBFC sector
📝 TVS Holding invests Rs 527 crore in Home Credit India
📝 Golden Growth Fund aims to liquidate two projects, buy land in FY27
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UPIs / Wallet / FinTech
📝 New rules for digital payments from April 1
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🧔 Brokers / Distributors
Brokers avoid broad hikes as STT rate change nears
Ahead of the higher securities transaction tax (STT) on derivatives set to kick in from April 1, most brokerages are avoiding broad-based hikes to protect trading volumes and client activity, opting instead for selective changes.
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🗠 Bourses
NSE begins IPO process, seeks shareholder interest for OFS participation
The National Stock Exchange of India (NSE) has initiated its initial public offering (IPO) process by inviting expressions of interest (EOI) from existing shareholders for participation in the offer for sale (OFS).
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Crypto
CoinDCX announces ₹100 crore fund towards Digital Suraksha Network
Crypto exchange CoinDCX has announced the Digital Suraksha Network (D.S.N.) — a ₹100 crore commitment to build the cyber safety infrastructure for India’s digital finance ecosystem.
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🗠 Mutual Funds / AMCs
ARCs see better AUM growth in FY27 as stress likely to build up among lenders due to ripple impact of war
Mumbai: Business prospects of ARCs (Asset Reconstruction Companies), which saw a muted AUM (assets under management) growth in the last couple of years, may brighten in FY27 as lenders’ asset quality cycle is likely to turn.
📝 What makes Edelweiss 70:30 Index Fund a ‘goldilocks’ mutual fund
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🗎 Equities, Pvt. Equity / Hedge Funds
Bolt-ons, continuation funds power India’s next private equity cycle
Mumbai: India’s private equity industry is seeing a rise in buyout opportunities as a growing pool of mature assets looks to professionalize operations and accelerate growth, speakers said at the Mint India Investment Summit held on 26–27 March in Mumbai.
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🗎 Govt. Securities / Bonds
Differed with HDFC board over action on bonds: Atanu
Mumbai: Former HDFC Bank chairman Atanu Chakraborty, who quit the bank on March 18, citing “incongruence” between his values and certain internal practices, has disputed managing director Sashidhar Jagdishan’s claim that action against employees over the sale of high-risk bonds to Gulf customers was unrelated to the boardroom dispute.
India 10-year bond yield tops 7%, sees biggest monthly surge in 9 years
Indian government bonds slumped on Monday, closing out a rough financial year, with the 10-year benchmark bond yield posting its biggest monthly spike in nine years, on bets that a protracted Middle East war would upend the government's fiscal plans and as the rupee plunged past 95 per dollar.
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✈ International
ECB has reservations about banking credentials of MPS boards CEO candidate, source says
Milan: The European Central Bank is concerned about the banking credentials of the executive put forward by Monte dei Paschi di Siena's board to become CEO, a person with direct knowledge of the matter told Reuters.
📝 Hedge Funds Chase yen strength plays on intervention fears
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