October 14, 2026
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SBI Buys Nearly 40% of Reliance’s $1.35 Billion Debt Sale

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State Bank of India, India’s largest lender, led demand for Reliance Industries’ ₹130 billion ($1.35 billion) 10-year bond sale completed on Wednesday, according to sources familiar with the transaction. SBI is estimated to have purchased nearly ₹50 billion of the bonds, accounting for about 40% of the offering. The bonds received AAA ratings from Crisil […]Continue Reading
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ICICI Bank Mobilises $17.9 Billion Through RBI Foreign Currency Deposit Scheme

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India’s ICICI Bank has mobilised around $17.88 billion through the Reserve Bank of India’s foreign currency non-resident deposit scheme as of August 31, 2026. The initiative is aimed at attracting overseas foreign-currency inflows and strengthening India’s foreign exchange position. Of the deposits raised, about $9 billion has been used for loans provided Continue Reading
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HDFC Bank Chairman Exit Sparks Leadership Concerns and Investor Jitters

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The sudden resignation of HDFC Bank chairman Atanu Chakraborty has exposed leadership tensions at India’s largest private lender, triggering a sharp market reaction and raising investor concerns. Chakraborty stepped down citing differences over “values and ethics,” leading to a significant stock selloff that wiped billions off the bank’s market value. While the bank and Continue Reading

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