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"India’s October 2026 CPI Release Signals the Next Test for Inflation Policy"
India’s consumer price index release for October 2026, compiled on a 2024=100 base, is set to provide a fresh read on the inflation trajectory facing households, businesses, and policymakers. The data will be closely watched for evidence of whether price pressures are broadening, easing, or remaining stubborn in key consumption categories. The release comes at a time when the Reserve Bank of India and the government remain focused on balancing price stability with growth support.
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RBI Extends Supersession of Abhyudaya Co-operative Bank Board by One Year
The Reserve Bank of India has extended the supersession of the Board of Directors of Abhyudaya Co-operative Bank until November 24, 2025, prolonging central bank oversight of the lender. Satya Prakash Pathak will continue as Administrator as the RBI seeks to strengthen governance and address material concerns over the bank’s operations.
Hybrid Capital Gains Ground as India Inc Faces a Narrower Funding Menu
Hybrid capital is drawing wider acceptance in India as borrowers confront a shrinking set of financing options beyond traditional bank lending, according to Bain Capital Special Situations partner Sarit Chopra. The Boston-based private equity firm says demand is rising across cross-border acquisitions, carve-outs and promoter deleveraging, with its special situations arm deploying $1.2 billion in calendar 2026 and targeting sustained annual deployment of about $1 billion.
HDFC Bank Wins Approval to Offer CGAS Deposits, Expanding Tax-Saving Parking Options
HDFC Bank has received government authorisation to accept deposits under the Capital Gains Accounts Scheme (CGAS), 1988, giving taxpayers a new bank channel to temporarily park eligible capital gains while preserving tax exemption benefits. The facility will allow customers to place unused proceeds in savings accounts or fixed deposits for up to three years and earn interest during the holding period.
Lenders Accept Supreme Housing’s Rs 522-Crore Settlement Offer
Canara Bank and other lenders have accepted a Rs 522-crore one-time settlement from Supreme Housing and Hospitality, paving the way for the company to close debts of nearly Rs 700 crore. The deal is expected to deliver about 75% recovery to the lending consortium and covers both fund-based and non-fund exposures tied to corporate guarantees issued to subsidiary entities.
SBI Hunts for Weak Links After Suspected Cyberattack Exposes 3,897 Customer Records
State Bank of India is investigating a suspected cyberattack after customer information linked to 3,897 records surfaced on the dark web, prompting an internal effort to contain the breach and identify the vulnerability. The bank says root cause analysis is still under way as it works to determine the scope of exposure, including names, contact details and loan-related records.
J&K Bank Recruitment Drive Draws Age-Limit Pushback as Aspirants Seek Wider Access
Jammu and Kashmir Bank has opened a major recruitment drive for 1,356 posts, including probationary officers and banking associates, in one of the region’s largest hiring exercises in recent years. The announcement has triggered immediate demands from aspirants and PDP MLA Waheed Para for an increase in the upper age limit from 30 to 40 years, with calls to keep merit at the centre of the selection process.
IFC Extends $150 Million Credit Line to SBI in First Investment in an Indian State-Owned Bank
The International Finance Corporation has extended a $150 million social loan to State Bank of India to expand agricultural financing for about 864,000 rural women, marking its first investment in an Indian state-owned bank. The deal also includes IFC’s first domestic cross-currency swap with an Indian bank, with SBI becoming its first local swap counterparty in South Asia.
Aditya Birla Capital Opens 100th Gold Loan Branch in Mumbai, Targets Rapid Network Expansion
Aditya Birla Capital has inaugurated its 100th dedicated gold loan branch in Santacruz, Mumbai, while also opening a new outlet in Andheri, underscoring a sharp expansion push in Maharashtra. The milestone comes as gold loan assets under management reached ₹200 crore as of September 30, 2026, reflecting rising customer adoption and the company’s execution momentum.
TPG to Invest ₹525 Crore in Kirloskar-Backed Arka Fincap, With Deal Potential to Rise to ₹800 Crore
TPG’s Rise Funds is set to invest ₹525 crore in Arka Fincap, the Kirloskar Group-backed non-banking financial company, in a transaction that could expand to ₹800 crore subject to performance milestones and regulatory approvals. The capital infusion is aimed at accelerating Arka’s push into secured retail lending while upgrading its technology backbone, underscoring continued investor interest in India’s financial services and mobility-linked credit ecosystem.
IFC Extends $150 Million Credit Line to SBI in First Investment in an Indian State Bank
The International Finance Corporation has extended a $150 million social loan to State Bank of India to expand agricultural financing for about 864,000 rural women, marking its first investment in an Indian state-owned bank. The deal also includes IFC’s first domestic cross-currency swap with an Indian bank, with SBI becoming its first local swap counterparty in South Asia.
Blackstone’s IIFL Talks Signal a Bigger Global Bet on India’s Shadow Banks
Blackstone is in discussions to make a significant investment in IIFL Finance, underscoring a sharp rise in global appetite for India’s non-bank lenders. The move comes amid a wave of foreign capital into financial services, as investors seek exposure to a credit market expanding beyond traditional banks and into underserved segments.
FCNR Windfall Masks Slower Core Deposit Growth at Indian Banks
A review of 10 Indian banks shows that reported deposit growth in the July-September quarter averaged 21.1% year-on-year, but the headline number was flattered by special foreign currency inflows. Excluding FCNR deposits, domestic deposit growth was estimated at just 12.2%, exposing a much weaker underlying trend in bank liability mobilisation.