11 September 2026
Bankopedia Banking Digest — 2026-09-11 #165
- #1economic_timespositive
PFRDA Targets Inflation-Proof Pension Bond Products
The Pension Fund Regulatory and Development Authority (PFRDA) plans to introduce inflation-linked bonds to deliver inflation-protected pension returns, with guidelines expected within days. The regulator, which oversees assets of over ₹17.6 lakh crore under the National Pension System, is also working on a guaranteed-return product for private-sector workers.
PFRDA to launch inflation-linked bonds and guaranteed-return pension product for non-government workers.
capital_marketsfinancial_inclusion - #2moneycontrolnegative
RBI Flags Systemic Risk in Shared Tech Dependency
Reserve Bank of India Deputy Governor Rohit Jain has warned that banks' concentration risk around a handful of shared technology and cloud providers could simultaneously transmit disruptions across multiple institutions. The RBI's stance aligns with regulators in the European Union and UK, who are tightening oversight of critical third-party technology vendors.
RBI warns shared cloud and tech provider concentration could trigger simultaneous multi-bank disruptions.
regulationbanking_supervisionfintech - #3economic_timespositive
BharatPe Embeds Credit Lines Into UPI Payments
BharatPe has launched BharatPe Flex at Global Fintech Fest 2026, embedding a credit line of up to ₹60,000 directly into Unified Payments Interface (UPI) transactions for online and offline merchant payments. Users can repay in full within 45 days or opt for EMIs ranging from 3 to 12 months, making formal credit accessible within a familiar payments experience.
BharatPe Flex embeds up to ₹60,000 credit lines into everyday UPI payments for consumers.
fintechpaymentsdigital_banking - #4economic_timesneutral
NBFCs Capture Growing Share of Retail Originations
Non-banking financial companies (NBFCs) are steadily gaining ground in retail loan originations, with their share rising from 20.7% in Q4 FY24 to 31.6% in Q4 FY26 by value, even as banks still hold roughly 72% of overall systemic credit. Experts argue the shift reflects a more specialised lending ecosystem rather than a direct displacement of banks.
NBFCs' retail loan origination share surged from 20.7% to 31.6% by value in two years.
credit_marketsfinancial_inclusion - #5economic_timespositive
HDFC Bank Clears All Bahrain AT1 Bond Claims
The High Civil Court of Bahrain has rejected all seven legal proceedings filed against HDFC Bank relating to investors' losses on Credit Suisse Additional Tier-1 (AT1) bonds, with the final two cases dismissed on September 9. The court found that investors failed to produce sufficient evidence to support allegations including gross negligence, misrepresentation and product-suitability violations.
Bahrain court dismisses all seven investor claims against HDFC Bank over Credit Suisse AT1 bond losses.
capital_marketscorporate_finance - #6financial_expressneutral
IBBI Tightens Oversight Against IBC Misuse
The Insolvency and Bankruptcy Board of India (IBBI) has directed insolvency professionals to monitor six red flags signalling potential misuse of the Insolvency and Bankruptcy Code (IBC). The regulator acted after receiving intelligence from law-enforcement agencies about IBC being exploited to evade taxes, shield assets, and sidestep regulatory penalties.
IBBI mandates insolvency professionals to report suspected fraudulent misuse of the IBC framework.
regulationnpa_resolution - #7hindu_businesslinepositive
Demat 2.0 Pioneers Tokenised Corporate Bond Settlement
SEBI and RBI have jointly launched 'Demat 2.0', a pilot using distributed ledger technology and the central bank digital currency for tokenised corporate bond issuance and settlement. REC Ltd completed the first issuance under the pilot, raising ₹500 crore at a 7.30% coupon, with secondary-market trading and eventual retail access planned for later phases.
REC Ltd raises ₹500 crore in India's first tokenised corporate bond pilot under Demat 2.0.
digital_bankingcapital_marketspayments - #8reserve_bank_of_indianeutral
RBI Money Market Data: September 9 Operations
India's overnight money market recorded a total volume of ₹6,81,468 crore on September 9, 2026, with a weighted average rate of 4.53%. The Reserve Bank of India's net liquidity position showed an absorption of ₹6,59,493 crore from the day's operations.
RBI absorbs net ₹6,59,493 crore in liquidity, with overnight markets averaging 4.53%.
monetary_policycredit_markets - #9reserve_bank_of_indianeutral
RBI Expands Fintech Self-Regulation With Second SRO
The Reserve Bank of India has granted Self-Regulatory Organisation (SRO) status to the Unified Fintech Forum (UFF), making it the second recognised SRO in the fintech sector. The first such recognition was accorded to the FinTech Association for Consumer Empowerment (FACE) in August 2024.
RBI recognises Unified Fintech Forum as India's second fintech self-regulatory organisation.
regulationfintech - #10economic_timespositive
Gaja Capital Posts Strong Post-Listing Quarterly Earnings
Gaja Alternative Asset Management, India's first listed private equity firm, posted a 35% year-on-year rise in net profit to ₹27.2 crore for Q1 FY27, with reported income growing 26% to ₹51.8 crore. The firm manages ₹3,200 crore in committed capital across four funds and has received SEBI approval to launch a fifth fund targeting ₹2,500 crore.
Gaja Alternative Asset Management reports 35% PAT growth in Q1 FY27, targets ₹2,500 crore fifth fund.
capital_marketscorporate_finance - #11moneycontrolnegative
Crude Shock and Global Cues Rattle Indian Equities
Indian equity benchmarks face a muted opening on Thursday after Nifty hit a three-month low, with Brent crude surging past $101 a barrel on fresh Middle East shipping attacks. Rising US Treasury yields, Asian market losses, and pending US inflation data add further pressure on domestic sentiment.
Nifty hit a three-month low as Brent crude breached $101 amid escalating Middle East tensions.
capital_marketseconomy_macro - #12financial_expresspositive
Nilekani Pushes Tokenisation Beyond Financial Assets
Nandan Nilekani, speaking at the Global Fintech Fest 2026, called for tokenisation of real-world assets — from livestock to farm produce and invoices — at population scale using interoperable networks and AI agents. His Finternet vision envisions portable digital tokens enabling farmers and small businesses to access credit from multiple lenders beyond traditional cooperative banks.
Nilekani urges population-scale tokenisation of physical assets like cows and crops to unlock multi-lender credit access.
fintechdigital_bankingfinancial_inclusion - #13moneycontrolneutral
Continental Securities Raises Capital for Lending Expansion
Continental Securities, a Reserve Bank of India-registered non-banking financial company, plans a fresh equity and convertible securities issuance to fund expansion of its mutual fund and gold loan businesses. The firm targets ₹100 crore in mutual fund assets under management and plans new branches in Jaipur, while exploring portfolio management and alternative investment fund opportunities.
Continental Securities targets ₹100 crore mutual fund AUM through fresh equity raise for business expansion.
regulationcorporate_financefintech - #14hindu_businesslineneutral
Canara Bank Taps Perpetual Bond Market for ₹4,500 Crore
Canara Bank plans to raise up to ₹4,500 crore through Basel III-compliant Additional Tier I perpetual bonds before end of September, becoming the second lender after State Bank of India to tap this instrument in the current financial year. The issue carries a base size of ₹2,000 crore with a greenshoe option of ₹2,500 crore and includes a call option at the end of five years.
Canara Bank plans to raise up to ₹4,500 crore via Basel III Additional Tier I perpetual bonds by September end.
capital_marketsbanking_supervision - #15moneycontrolpositive
Kanohar Electricals IPO Draws Strong Institutional and Retail Demand
Kanohar Electricals' ₹1,055.74-crore initial public offering was subscribed 11.02 times on the final day of bidding, driven by non-institutional investors who booked their portion 21.77 times. Grey market activity signals a 35% listing premium over the upper price band of ₹632 per share.
Kanohar Electricals IPO subscribed over 11 times on final day, with grey market implying 35% listing gain.
capital_markets