13 October 2026
Bankopedia Banking Digest — 2026-10-13 #195
- #1economic_timesnegative
Inflation Surge Complicates RBI's Rate Calculus
India's retail inflation surged to 5.54% in September 2026, a near-two-year high, driven by elevated global crude prices, a weaker rupee, and agricultural output concerns. The reading follows the Reserve Bank of India's Monetary Policy Committee raising the benchmark repo rate by 25 basis points to 5.50% on October 7, as inflation stays above the RBI's 4% target for four consecutive months.
Retail inflation hit 5.54% in September, above RBI's 4% target for four straight months.
monetary_policyeconomy_macro - #2moneycontrolnegative
Bond Market Reels Under RBI Liquidity Squeeze
India's 10-year government bond yield climbed to its highest level since March 2023 as the RBI announced a ₹25,000-crore open market operation sale and tightened daily cash reserve ratio maintenance requirements to 99%, amplifying selling pressure. The moves follow last week's 25-basis-point repo rate hike and the RBI's shift to a calibrated tightening stance, pushing yields higher for eight consecutive sessions.
10-year bond yield hit a multi-year high as RBI's ₹25,000-crore OMO sale tightens liquidity further.
monetary_policygovernment_securities - #3economic_timespositive
CreditAccess Grameen Taps Global Capital Markets
CreditAccess Grameen has signed a $175 million syndicated social loan facility arranged by Standard Chartered Bank and DBS Bank, priced at 215 basis points over the Secured Overnight Financing Rate for an average tenor of 3.25 years. The microfinance institution aims to source 15–20% of its annual borrowing needs through external commercial borrowings to diversify its liability profile and strengthen asset-liability management.
CreditAccess Grameen raises $175 million via overseas social loan to diversify funding and extend borrowing tenure.
credit_marketsfinancial_inclusion - #4economic_timespositive
DBS CEO Backs India Amid Rupee Stability Concerns
DBS Group Chief Executive Piyush Tan says global investors retain structural confidence in India despite capital outflow pressures and a rupee near historic lows, pointing to strong Foreign Currency Non-Resident deposit uptake as evidence of international faith in Indian credit. Tan urged India to attract more foreign direct investment and boost exports as the twin levers needed to stabilise the currency.
DBS CEO cites FCNR deposit success as proof of sustained global confidence in India's credit.
forexeconomy_macro - #5economic_timesneutral
GST E-Invoicing Set to Cover Imported Services
The 57th GST Council has proposed extending e-invoicing requirements to cover imported services from unregistered overseas suppliers, applicable to businesses with annual turnover of ₹5 crore or more. The council also proposed a new mechanism to reconcile tax liability and input tax credit mismatches in GST returns, potentially effective from April 2027, subject to stakeholder consultation.
GST e-invoicing may extend to imported services for businesses with turnover above ₹5 crore.
regulation - #6economic_timespositive
HDFC Bank Rolls Out Pan-India Festive Offer
HDFC Bank has launched its annual pan-India festive campaign offering customers savings of up to ₹70,000 on purchases made via credit cards and Easy EMI. The campaign spans personal loans, car loans, home loans, and gold loans, targeting broad consumer engagement during the festive season.
HDFC Bank's festive campaign offers savings up to ₹70,000 across loans and card products.
digital_banking - #7hindu_businesslinepositive
RBL Bank Profit Triples on FCNR Deposit Surge
RBL Bank's standalone net profit surged 2.7 times year-on-year to ₹481.7 crore in Q2FY27, driven largely by a $3.4 billion inflow of Foreign Currency Non-Resident (FCNR(B)) deposits. Net interest income rose 37.4 per cent to ₹2,131 crore, though headline loan growth of 42 per cent was significantly inflated by ₹10,300 crore in leverage extended to FCNR(B) depositors.
RBL Bank's Q2FY27 profit tripled YoY to ₹481.7 crore, boosted by FCNR(B) deposit inflows.
corporate_finance - #8hindu_businesslineneutral
SEBI Sets Rules for Celebrity Brand Endorsements
The Securities and Exchange Board of India (SEBI) has introduced a Common Advertisement Code (CAC) for regulated market intermediaries, permitting celebrity endorsements at the brand or entity level while banning promotion of specific financial products. All celebrity-featuring advertisements will require prior supervisory approval, and endorsement costs cannot be passed on to clients or charged to mutual fund schemes.
SEBI's new ad code allows celebrity brand endorsements but bars promotion of specific financial products.
regulationcapital_markets - #9hindu_businesslinenegative
Bank of India Tags Future Enterprises Account as Fraud
Bank of India has classified the account of Kishore Biyani-promoted Future Enterprises Ltd as fraudulent, with an outstanding exposure of ₹575.40 crore that has been fully provisioned. The fraud classification follows the bank's internal policy on material event disclosure and covers grounds including misappropriation of funds and manipulation of accounts.
Bank of India classifies Future Enterprises' ₹575.40 crore NPA account as fraud, fully provisioned.
npa_resolutionbanking_supervision - #10moneycontrolneutral
Gold Breaches $4,200 Amid Fed Tightening Concerns
Gold prices crossed $4,200 per ounce in early Monday trading, supported by easing energy prices and rising investment demand, though elevated US Treasury yields and Federal Reserve tightening expectations limited gains. Domestically, MCX gold futures for December delivery slipped 0.46 per cent to ₹1,50,800 per 10 grams, while silver held steady at ₹2,25,509 per kilogram.
Gold surpasses $4,200 per ounce globally; domestic MCX futures ease to ₹1,50,800 per 10 grams.
capital_marketsforex - #11moneycontrolnegative
RK Fashion SME Debut Falls Below IPO Price
R.K. Fashion Accessories debuted on the NSE SME platform at Rs 80, a 2.44% discount to its IPO price of Rs 82, underperforming grey market premium expectations. The Rs 35-crore issue had been subscribed 2.70 times overall, with qualified institutional buyers leading demand at 14.11 times.
RK Fashion Accessories lists 2.44% below IPO price, defying grey market premium signals.
capital_markets - #12moneycontrolneutral
Bonfiglioli Transmissions Enters Indian Public Markets
Bonfiglioli Transmissions, the Indian arm of Italy's Bonfiglioli S.p.A., has set a price band of Rs 558–586 per share for its Rs 2,534-crore IPO, targeting a valuation of Rs 11,016 crore. The issue is entirely an offer-for-sale, meaning all proceeds flow to the promoter with no fresh capital raised by the company.
Bonfiglioli Transmissions' Rs 2,534-crore IPO is a full offer-for-sale; company receives no proceeds.
capital_markets - #13hindu_businesslinepositive
SIP Inflows Scale Fresh Peak Amid Market Stress
Systematic Investment Plan (SIP) inflows into mutual funds hit a fresh record of Rs 32,490 crore in September, even as equity markets continued to fall on global headwinds. Overall equity inflows surged to a five-month high of Rs 38,306 crore, driven by investors averaging down positions, though industry assets under management fell 5% to Rs 82.64 lakh crore.
SIP inflows set a new record at Rs 32,490 crore in September despite sustained equity market weakness.
capital_marketsfinancial_inclusion - #14hindu_businesslineneutral
Markets Retreat Despite RBI Forex Support Measures
Indian benchmark indices turned lower in early trade on October 12, with the Sensex down 156 points and Nifty 50 shedding 15 points, after an initial positive open driven by falling crude oil prices and the Reserve Bank of India's new foreign exchange support measures. The rupee strengthened 80 paise to Rs 95.82 per dollar following the central bank's tightened forex rules.
Rupee strengthens 80 paise to Rs 95.82/dollar after RBI tightens foreign exchange rules.
capital_marketsforex - #15financial_expresspositive
Airtel Money Lands London's Biggest Listing In Years
Airtel Money began conditional trading on the London Stock Exchange on October 9, 2026, raising approximately $703 million for existing shareholders in an oversubscribed IPO priced at £1.96 per share. The mobile money business is valued at £5.3 billion, making it London's largest IPO since Fermi Inc's dual listing in September 2025.
Airtel Money raises $703 million in London's largest IPO since September 2025, valued at £5.3 billion.
capital_marketsfintech