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ICICI Bank Limited

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Banking, Fintech & Insurance 03 Oct 2026, 02:56 PM IST

Cube Highways Trust Raises Rs 1,150 Crore via AAA-Rated NCDs in Refinancing Push

Cube Highways Trust has secured Rs 1,150 crore through the issuance of senior secured, AAA-rated non-convertible debentures at a coupon of 7.50% per annum, payable quarterly over five years. The transaction, backed by Axis Bank and ICICI Bank, is part of a broader Rs 4,500 crore financing programme aimed at refinancing debt and funding ongoing capital projects.

By RDU Global Wire5 min read
Banking, Fintech & Insurance03 Oct 2026, 06:30 AM IST

HDFC Bank Names ICICI Veteran Anup Bagchi as Managing Director and CEO

HDFC Bank has appointed Anup Bagchi, a long-serving ICICI Bank executive with deep experience across banking, insurance and financial services, as its new Managing Director and Chief Executive Officer. The appointment, effective October 27, follows Reserve Bank of India approval and comes as Sashidhar Jagdishan’s term ends on October 26.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 03:59 AM IST

HDFC Bank Names ICICI Veteran Anup Bagchi as New Managing Director and CEO

HDFC Bank has appointed Anup Bagchi, a long-serving ICICI Bank executive with deep experience across banking, insurance and financial services, as its new Managing Director and Chief Executive Officer. His appointment takes effect on October 27, following Reserve Bank of India approval, and he will succeed Sashidhar Jagdishan when the incumbent’s term ends on October 26.

6 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 03:17 AM IST

Anup Bagchi, ICICI Veteran of 34 Years, Set to Take Charge of HDFC Bank

Anup Bagchi, a long-serving ICICI Group executive with deep experience across retail and wholesale banking, is set to join HDFC Bank as managing director after receiving Reserve Bank of India approval. His appointment marks a significant leadership transition at India’s largest private-sector lender, following Sashidhar Jagdishan’s tenure at the helm. Bagchi’s reputation for operational discipline, institutional memory and an unusually informal leadership style will be closely watched as the bank navigates a more competitive and regulated environment.

5 min readRead →
Banking, Fintech & InsuranceRecently

HDFC Bank appoints ICICI veteran V.N. Srivatsan as chief compliance officer

HDFC Bank has named V.N. Srivatsan, a long-serving ICICI Bank executive, as its Chief Compliance Officer for a three-year term beginning January 4, 2027. The appointment underscores the lender’s emphasis on regulatory discipline, governance depth and risk oversight at a time when Indian banks are operating under tighter supervisory scrutiny.

5 min readRead →
Banking, Fintech & InsuranceRecently

HDFC Bank appoints ICICI veteran V.N. Srivatsan as chief compliance officer

HDFC Bank has named V.N. Srivatsan, a long-serving ICICI Bank executive, as its Chief Compliance Officer for a three-year term beginning January 4, 2027. The appointment underscores the lender’s emphasis on regulatory discipline, governance depth and continuity in a tightly supervised banking environment.

5 min readRead →
Banking, Fintech & InsuranceRecently

HDFC Bank appoints ICICI veteran V.N. Srivatsan as chief compliance officer

HDFC Bank has named V.N. Srivatsan, a long-serving ICICI Bank executive, as its Chief Compliance Officer for a three-year term beginning January 4, 2027. The appointment underscores the lender’s emphasis on regulatory discipline, governance depth and risk oversight at a time when large Indian banks are operating under heightened compliance scrutiny.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 04:41 PM IST

IndusInd Bank CEO Rajiv Anand Says His Name Is ‘Unmapped’ From Voter Roll Amid Electoral Revision Drive

IndusInd Bank Managing Director and Chief Executive Officer Rajiv Anand has said he was informed that his name is “unmapped” from the electoral roll, even though he holds valid identification documents including a voter ID and Aadhaar card. The development comes as the Election Commission carries out a Special Intensive Revision of voter lists and has extended claim-filing deadlines in Delhi and Maharashtra.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 03:39 PM IST

Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds, RBI Deputy Governor Says

Reserve Bank Deputy Governor Rohit Jain said banks are likely to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season credit demand strengthens. He added that the central bank will not direct lenders toward specific sectors, leaving deployment decisions to banks based on the quality of credit proposals.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 03:39 PM IST

Axis Bank Seeks to Double Its Rs 8,688 Crore Data Centre Exposure as AI Demand Accelerates

Axis Bank is preparing to significantly expand its lending to India’s data centre sector, with exposure expected to double from Rs 8,688 crore over the next three years. The move reflects a broader banking push into infrastructure tied to artificial intelligence, cloud computing and digital storage, as lenders look for new growth avenues in a fast-scaling market. The opportunity is being reinforced by supportive government policy and rising demand for large-scale computing capacity, but it also brings execution risks, including project concentration, technology obsolescence and the capital-intensive nature of the sector.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 02:56 PM IST

Government Evaluating Revised Bids for IDBI Bank Stake Sale, Sources Say

The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the most closely watched privatisation efforts in the financial sector, is advancing steadily as officials review the offers and weigh the next steps.

5 min readRead →
Global Markets & Equities03 Oct 2026, 08:56 AM IST

Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds, RBI Deputy Governor Says

Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as credit demand strengthens ahead of the festive season, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward specific sectors, leaving deployment decisions to banks based on the quality of credit proposals and prevailing demand across the economy.

5 min readRead →

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