Tag
Banking
82 articles
Banking sector developments in late August and October 2026 reveal a mix of legal proceedings, funding activities, and regulatory actions. Several legal disputes involving banks are progressing through the Supreme Court and High Courts, including cases concerning Hunspal Industries, Taguda Pte Ltd, SMS India Private Ltd, and Gurdaspur Central Cooperative Bank, highlighting ongoing litigation risks and potential financial impacts. Simultaneously, IDFC FIRST Bank successfully priced a $500 million senior unsecured notes issuance, demonstrating continued access to global capital markets, while Kotak Mahindra Bank secured $650 million through a senior note offering. These funding activities underscore the sector’s ability to diversify funding sources, but the ongoing legal challenges suggest heightened scrutiny and potential liabilities for some institutions.
Hunspal Industries Settlement with Bank of India
Supreme Court condoned filing delay and granted leave, disposing the civil appeal between Hunspal Industries and Bank of India per settlement.
Parties mediated at Supreme Court Mediation Centre, signi
Supreme Court Dismisses Taguda Pte Ltd Appeal
Supreme Court dismissed Taguda Pte Ltd's civil appeal against State Bank of India, upholding NCLAT order dated 06 July 2026.
The appeal pertained to Company Appeal (AT) (Insolvency) No. 1710 of 2025,
State Bank of India Secures Stay
Supreme Court heard petition by State Bank of India against SMS India Private Ltd regarding High Court order dated 23 June 2026.
Court issued notice to be returned within four weeks and stayed the ope
IDFC FIRST Bank Maiden $500 Million Notes Issuance
IDFC FIRST Bank priced its maiden $500 million senior unsecured notes via IFSC Banking Unit.
The 3-year notes carry a 5.625% coupon and will be listed on Vienna MTF and India INX.
Issuance supports ba
Dombivali Bank vs Karmaveer Sugar: Adjournment Ordered
Supreme Court heard SLP petitions by Dombivali Nagari Sahakari Bank challenging High Court’s 6‑April‑2018 judgment against Karmaveer Kakasahb Wagh Sahakari Sakhar Ltd.
The hearing took place on 18‑Aug
High Court Issues Judgment in Gurdaspur Bank Case
Punjab & Haryana High Court issued judgment on 23 Oct 2024 in Gurdaspur Central Cooperative Bank Ltd vs Dwarka Dass and others.
Justice Suvir Sehgal presided, with Ms. Paramjit Kaur Deol representing
Gurdaspur Central Cooperative Bank Wins Judgment
The Haryana High Court delivered judgment on 23 Oct 2024 in Gurdaspur Central Cooperative Bank Ltd vs Dwarka Dass et al.
Justice Suvir Sehgal presided, delivering an oral judgment referencing a detail
Gurdaspur Cooperative Bank HC Order 23 Oct
Punjab & Haryana High Court issued an order on 23 Oct 2024 in Gurdaspur Central Cooperative Bank vs Dwarka Dass.
Justice Suvir Sehgal presided, with Advocate Paramjit Kaur Deol representing the petiti
Kotak Mahindra Bank Prices $650M Senior Notes
Kotak Mahindra Bank approved terms for a $650 million senior note issuance under its $1 billion euro medium term note program.
The 5-year notes carry a fixed coupon of 5.478% per annum and are expecte
Gurdaspur Central Cooperative Bank vs Dwarka Dass Order
The Punjab & Haryana High Court issued a judgment on 23 Oct 2024 in Gurdaspur Central Cooperative Bank Ltd vs Dwarka Dass.
Justice Suvir Sehgal presided, with counsel Ms. Paramjit Kaur Deol representi
Gurdaspur Coop Bank Judgment 23-Oct-2024
The High Court of Punjab & Haryana delivered a judgment on 23 Oct 2024 in Gurdaspur Central Cooperative Bank Ltd vs Bakshish Singh et al.
Justice Suvir Sehgal presided, with counsel Ms. Paramjit Kaur
Gurdaspur Coop Bank Order vs Bakshish Singh Oct 2024
Punjab & Haryana High Court issued an order on 23 Oct 2024 in Gurdaspur Central Cooperative Bank Ltd vs Bakshish Singh.
Justice Suvir Sehgal presided, with Advocate Paramjit Kaur Deol representing the
Gurdaspur Central Cooperative Bank Oral Judgment
The High Court of Punjab & Haryana delivered an oral judgment on 23 Oct 2024 in case 114‑19 CWP‑7344‑2024, Gurdaspur Central Cooperative Bank Ltd vs Dwarka Dass et al.
Justice Suvir Sehgal presided, w
Gurdaspur Cooperative Bank Order Against Dwarka Dass
High Court of Punjab & Haryana issued an order on 23 Oct 2024 in Gurdaspur Central Cooperative Bank Ltd vs Dwarka Dass and others.
Justice Suvir Sehgal presided, with Ms. Paramjit Kaur Deol representi
Canara Bank Granted Stay on Branch Demolition
The Uttarakhand High Court ordered status‑quo protection for Canara Bank’s branch premises pending the bank’s representation.
The building housing the branch was partially acquired by the National Hig
Supreme Court Stays Kotak Mahindra Criminal Case
Supreme Court heard Transfer Petition No.713/2026 filed by Harshad P.A. against Kotak Mahindra Bank Ltd.
Court noted earlier stay in a connected matter and ordered issuance of notice to the parties.
A
Union Bank Debt Investor Roadshow on August 21
Union Bank of India schedules a Debt Investor Roadshow on August 21, 2026, at its Mumbai Central Office.
The virtual meeting will refer to publicly available documents with no unpublished price sensit
Gurdaspur Central Cooperative Bank vs Dwarka Dass – HC Judgment
High Court of Punjab & Haryana delivered judgment on 23 Oct 2024 in Gurdaspur Central Cooperative Bank Ltd vs Dwarka Dass and others.
Justice Suvir Sehgal presided; petitioner counsel was Advocate Par
Canara Bank Appeals Against Personal Guarantors
Canara Bank files three appeals at NCLAT against personal guarantors of Integrated Caps Pvt. Ltd.
Appeals target Surya Kant Kaipuria, Biren Sabhrawal, and Bubbles Sabhrawal as personal guarantors.
NCL
NCLAT Adjourns Vikas & Anil Goel vs Bank of Baroda Appeals
NCLAT Principal Bench adjourns two insolvency appeals filed by Vikas Goel and Anil Goel against Bank of Baroda.
The appeals, Comp. App. (AT) (Ins) No. 1069 and 1072 of 2024, were listed for a future h
State Bank of India Appeals NCLAT Order
State Bank of India files appeal before NCLAT against Kishore Associates AOP & Ors.
NCLAT issues notice to respondents, requiring process fee within 48 hours.
Matter admitted for consideration and lis
NCLAT Grants Ebix Singapore Service Extension
NCLAT permits Ebix Singapore to serve State Bank of India with appeal documents after accepting explanation for delay.
Appellant granted three working days to complete formal service steps and pay req
Ravindra Mogra vs Canara Bank NCLAT Adjournment
NCLAT adjourns Ravindra Mogra's insolvency appeal against Canara Bank to September 3, 2026.
Appellant's counsel informs tribunal of a pending One-Time Settlement proposal submitted to the bank.
The tr
City Union Bank Attends Axis Capital India Corporate Day
City Union Bank participated in Axis Capital's India Corporate Day 2026 conference in Singapore on August 18, 2026.
The event was organized by Axis Capital Limited as an analyst conference call for co
Eiko LifeSciences Receives ₹58 Lakh IDBI Bank Recovery Notice
Eiko LifeSciences discloses receipt of IDBI Bank recovery proceedings for a disputed ₹58 lakh corporate guarantee from 1986.
The company disputes the claim related to its erstwhile entity Narendra Inv
Karnataka Bank Insider Trading Plan Approval
Karnataka Bank approved a trading plan for Chief Manager Vypana Thomas John under SEBI PIT Regulations on August 18, 2026.
The plan involves the sale of 100 shares of the bank, scheduled to be execute
Union Bank RBI Penalty of ₹3.08 Lakh
Union Bank of India discloses an RBI penalty of ₹3,08,795 for regulatory non-compliance.
The penalty was imposed for detection of counterfeit/mutilated notes and currency shortage during inspection.
T
Bank of Baroda Participates in Motilal Oswal Conference
Bank of Baroda representatives participated in Motilal Oswal's Annual Global Investor Conference on August 18, 2026.
The conference interaction took place from 4:00 PM onwards without sharing any unpu
Maxgrow India Q1 FY27 Unaudited Financial Results
Maxgrow India published unaudited standalone and consolidated financial results for Q1 FY27 ending June 30, 2026, approved by the board on August 14, 2026.
Bank of Baroda announced e-auction of two pr
NBCC vs Union Bank Notice Issued
Supreme Court heard Civil Appeal No. 9979/2026 between NBCC (I) Ltd and Union Bank of India on 17 Aug 2026.
The bench comprising Chief Justice and Justices Joymalya Bagchi and V. Mohana issued an orde
ICICI Bank Prices USD 750 Million 5-Year Notes
ICICI Bank priced USD 750 million senior unsecured fixed rate notes with a 5.417% coupon under its global medium term note program.
The notes have a 5-year tenure, maturing on August 21, 2031, with se
IndusInd Bank Joins Carbon Accounting Partnership PCAF
IndusInd Bank joined Partnership for Carbon Accounting Financials to measure portfolio emissions.
The bank will adopt PCAF's global standard for GHG accounting in lending and investments.
This support
Veefin and NSIA Group Partner for West African SCF
Veefin Solutions partners with NSIA Group to deploy Supply Chain Finance platform across five West African banking subsidiaries.
Partnership enables Reverse Factoring and Factoring programs to address
Equitas SFB Clarifies RBI Nexus Query with Unico
Equitas SFB denies RBI's alleged 'nexus' with Unico Housing Finance, confirming only one arm's length deposit transaction occurred.
Bank states MD & CEO P N Vasudevan fully disclosed daughter's invest
Supreme Court Dismisses Mehta Ayurvedic Review
Review petition by M/S Mehta Ayurvedic Pharmacy & Ors against Baroda People Co‑operative Bank heard by Supreme Court.
The Court, comprising Justices K.V. Viswanathan and Vijay Bishnoi, found no appare
Indian Bank Schedules August 20 Investor Meetings
Indian Bank discloses scheduled investor meetings on one-to-one and group basis for August 20, 2026.
The disclosure is made under SEBI Listing Regulations 30 requirements for investor interactions.
No
RBI Announces ₹100,000 Cr VRRR Auction
RBI will conduct a second overnight Variable Rate Reverse Repo auction on August 17, 2026 under the Liquidity Adjustment Facility.
The auction offers ₹1,00,000 crore for a one‑day tenor, with the bidd
Unity SFB vs Laxmiroop NCLAT Hearing Adjourned
NCLAT adjourns hearing for appeal between Unity Small Finance Bank and Laxmiroop Pvt. Ltd.
Case listed for next hearing on September 11, 2026, due to time constraints.
Appeal involves insolvency proce
PNB Announces EMTN Fundraising Non-Deal Roadshow
Punjab National Bank discloses non-deal roadshow for EMTN program fundraising with institutional investors.
Meetings scheduled for August 20, 2026 in Hong Kong and Singapore through HSBC and Citi Bank
NCLAT Adjourns Garden Court Distilleries Appeals
NCLAT adjourned two interconnected appeals involving State Bank of India and Garden Court Distilleries to August 13, 2026.
The appeals relate to insolvency proceedings with State Bank of India as appe
Bank of Baroda's $700M Notes Rated BBB/BBB+
Bank of Baroda discloses ratings for USD 700 million senior unsecured notes issued under its MTN program from three agencies.
Fitch assigns BBB- ratings to USD 400 million 2029 notes and USD 300 milli
PNB Participates in Motilal Oswal Investor Conference
Punjab National Bank representatives participated in physical group meetings at the Motilal Oswal 22nd Annual Global Investor Conference on August 17, 2026.
The bank confirmed that only publicly avail
State Bank of India Holds Investor Meetings August 2026
State Bank of India disclosed outcomes of investor interactions held on 17 August 2026 arranged by Motilal Oswal.
Meetings included one-on-one sessions with Axis MF, Fidelity, Morgan Stanley, and Ashm
Rajesh Bansal NCLAT CIRP Stay Plea Hearing
Appellants seek NCLAT order to restrain Resolution Professional from issuing Form G and proceeding with CIRP.
Delhi High Court had earlier directed appellant to pay ₹3.80 Crores to Axis Bank in 3 inst
NCLAT Stays Axis Bank Insolvency Against Rajesh Bansal
NCLAT orders Rajesh Bansal to deposit Rs 4.46 crore with tribunal registrar via FDR to show settlement bona fides.
Tribunal directs Resolution Professional to withhold Form-G issuance until next heari
NCLAT Rejects Kumud Jain's Interim Stay Against Kotak
NCLAT rejects interim stay application by Kumud Jain against Kotak Mahindra Bank's CIRP initiation order.
Appellant argued CIRP was based on time-barred debt and improper pleading of OTS agreement in
NCLAT Lists IndusInd Bank vs Yes Bank Appeal
NCLAT lists IndusInd Bank's appeal against NCLT order admitting Ideal Real Estate to CIRP.
Appeal disputes inclusion of two projects where IndusInd holds exclusive charge in CIRP.
Case adjourned to Se
DFS PSB Confluence 2026 Focuses on Banking Reforms
DFS hosts two-day PSB Confluence 2026 with PSBs and PFIs to deliberate on seven strategic themes for banking sector reforms.
Finance Minister highlights banking sector strength from low NPAs and annou
Airtel Payments Bank Board Chair Transition to Shabnam Sinha
Airtel Payments Bank announces Sunil Bharti Mittal stepping down as Non-Executive Chairman effective September 30, 2026.
Shabnam Sinha appointed as new Chairperson for three-year term starting October
Utkarsh SFB Receives 71.80 ESG Rating
Utkarsh Small Finance Bank voluntarily assigned an ESG score of 71.80 by SES ESG Research.
Rating based on publicly available information and disclosed under SEBI Listing Regulations.
Disclosure made
Karnataka Bank Extends GM Ratheesh R Tenure
Karnataka Bank extends General Manager Ratheesh R's tenure as Head of Training for one year effective August 17, 2026.
The extension is on a contract basis following his initial three-year appointment
YES BANK Announces Debt Investor Meetings for MTN Programme
YES BANK will hold virtual debt investor meetings from August 17-24, 2026 for its $850 million Medium Term Note Programme.
The bank confirmed no unpublished price sensitive information will be shared
YES BANK ₹281.44 Crore DoT Bank Guarantee Invoked
YES BANK discloses DoT invoked ₹281.44 crore bank guarantees for spectrum payments under SEBI Regulation 30.
The borrower is undergoing insolvency since 2018 with bank's claim already admitted in proc
SBI Wins Appeal Over 1391-Day Absence
The Madras High Court set aside the 2023 single‑judge order granting pension relief to former SBI employee V. Indira Nawada.
The court held her resignation was valid, citing 1,391 days of unauthorized
Punjab National Bank Suitor Fund Order
Supreme Court heard Miscellaneous Application No.2636/2025 filed by Punjab National Bank against NSIC regarding suitor's fund in the Registry.
Court ordered that if NSIC files a withdrawal application
ESAF SFB Appoints Rodi Dabir as Joint Auditor
ESAF Small Finance Bank shareholders approved the appointment of M/s. Rodi Dabir & Co as Joint Statutory Auditor for a three-year term.
The new auditor is an experienced Nagpur-based firm with over 35
NCLAT Lists Kotak Mahindra Bank Appeal
NCLAT Principal Bench lists appeal filed by Kotak Mahindra Bank Ltd for hearing on 29 September 2026.
The appeal is against respondents Hemant Sharma & Others, indicating an ongoing insolvency or comp
NCLAT Adjourns DBS Bank India Insolvency Appeals
NCLAT grants final adjournment in two insolvency appeals against DBS Bank India Ltd.
Appellants Aamir Ahmed and Naushad Ahmed were absent for multiple call-overs.
Tribunal orders listing on August 11,
NCLAT Adjourns DBS Bank India Insolvency Appeals
NCLAT Principal Bench adjourns two connected insolvency appeals against DBS Bank India Ltd. to September 23, 2026.
Appeals Comp. App. (AT) (Ins) No. 245 and 255 of 2026 were filed by appellants Aamir
PNB Insolvency Appeals Adjourned to September 2026
NCLAT adjourns five insolvency appeals filed by Punjab National Bank against individual respondents.
All appeals were listed for hearing on August 13, 2026 but postponed due to time constraints.
New h
IndusInd Bank Penalized ₹59.20 Lakh by RBI
IndusInd Bank discloses RBI penalty of ₹59.20 lakh for non-compliance with deposit interest and securitization directives.
Penalty imposed under Banking Regulation Act, 1949 powers for violating 'Inte
NCLAT Lists Indusind Bank vs Yes Bank Appeal
NCLAT Principal Bench lists Company Appeal (AT) (Insolvency) No. 1417 of 2026 for hearing on 14.08.2026.
Appeal involves Indusind Bank Ltd as appellant versus Yes Bank Ltd & Anr as respondents.
Order
NCLAT Lists SBI-Saraf Insolvency Appeals for Admission
NCLAT closes opportunity for State Bank of India to file additional affidavit in insolvency appeal.
Tribunal lists two connected appeals filed by Anshu Saraf and Pravin Saraf against SBI for admission
Union Bank of India NCLAT Appeals Dismissed as Infructuous
Union Bank of India's two appeals before NCLAT were dismissed as infructuous based on appellant counsel's statement.
The appellant's counsel stated the appeals had become infructuous, which was not op
YES BANK Non-Participation in Emkay Confluence 2026
YES BANK intimates non-participation in Emkay Confluence 2026 investor conference scheduled for August 12-14, 2026.
The bank had previously informed exchanges about this physical meeting in Mumbai thr
UCO Bank vs Nicco UCO Alliance NCLAT Scheduling
NCLAT Principal Bench schedules hearing for UCO Bank's appeal against Nicco UCO Alliance Credit Ltd.
Appeal listed for next hearing on September 10, 2026, following August 13, 2026 order.
Legal repres
Punjab & Sind Bank vs Kunal Structure NCLAT Adjournment
NCLAT adjourned Punjab & Sind Bank's insolvency appeal against Kunal Structure (India) Pvt. Ltd. to October 7, 2026.
The order was issued by a three-member bench of the NCLAT Principal Bench in hybrid
RBL Bank Intimates BofA Securities Analyst Meet
RBL Bank intimates a one-on-one physical analyst meet held with BofA Securities in Mumbai on August 14, 2026.
The bank confirms no unpublished price sensitive information was shared during the meeting
PNB Participates in Emkay Confluence 2026 Conference
Punjab National Bank representatives participated in physical one-on-one and group meetings at the Emkay Confluence 2026 conference on August 14, 2026.
The bank confirmed that only information already
PNB EGM for Shareholder Director Election
Punjab National Bank announces an Extraordinary General Meeting on 25th September 2026 via VC/OAVM.
The EGM will elect one director from shareholders excluding the Central Government as per banking re
RBI Money Market Volume ₹5.95 Lakh Cr
RBI’s August 12 2026 money‑market data shows total overnight segment volume of ₹5,95,010.33 crore with a weighted average rate of 5.06 %.
Call money activity reached ₹15,174.91 crore, averaging a 5.11
Canara Bank Revises MCLR Rates Effective 12.08.2026
Canara Bank informs exchanges of a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) effective from August 12, 2026.
The One Year MCLR increases by 5 basis points to 8.80% from the prev
RBI Money Market Liquidity -₹1.91 Lakh Cr
RBI reported total overnight money market volume of ₹11,208.5 crore with weighted average rate of 4.84% on August 1 2026.
Net liquidity injection from today’s operations was a withdrawal of ₹2,02,669
RBI June 2026 Credit Grows 18.3% YoY
RBI report shows non‑food bank credit rose 18.3% YoY in June 2026, up from 9.3% a year earlier.
Agriculture credit up 16.8% YoY; industry credit surged 19.2% YoY with broad growth across micro‑small,
RBI VRR Auction 50k Cr at 5.26%
RBI conducted overnight variable rate repo auction on July 29, 2026, notifying ₹50,000 crore.
Total bids received amounted to ₹56,620 crore, with ₹50,020 crore allotted, reflecting high demand.
The cu
RBI Money Market Operations July 27 2026
RBI released money market operations data for July 27, 2026, showing total overnight segment volume of ₹7,04,971.29 crore with weighted average rate 5.21 %.
Net liquidity injection from today’s operat
RBI Money Market Operations July 24 2026
RBI press release details money market operations on July 24, 2026, with overnight volume ₹6,80,990.58 crore and weighted rate 5.07%.
Net liquidity injection from today's operations was a withdrawal o
RBI Money Market Liquidity Absorption ₹93,980 Cr
RBI reported zero volume across overnight and term money market segments on July 26, 2026.
Marginal Standing Facility (MSF) operation injected ₹148.00 crore at 5.50% rate for one‑day tenor on July 26,
RBI 7-Day VRR Auction 5.26% Rate
RBI released the result of its 7‑day Variable Rate Repo auction conducted on 20 July 2026.
The notified amount was ₹1,25,000 crore, with bids totaling ₹72,051 crore, all of which were allotted.
Both t
Emirates NBD RBL Bank Open Offer Zero Acceptance
Emirates NBD's open offer for 26% of RBL Bank at ₹282.38/share closed with zero shares tendered by public shareholders.
Acquirer instead acquired 60% stake (929.13M shares) via preferential allotment
Canara Bank Revises MCLR Rates Effective 12.06.2026
Canara Bank informs exchanges of a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) effective from June 12, 2026.
The overnight MCLR increases to 7.90% from 7.95%, while the one-month
UCO Bank Revises TBLR and G-Sec Benchmark Rates
UCO Bank's ALCO reviewed and revised select benchmark rates effective June 10, 2026.
TBLR rates increased across 3-month (5.30% to 5.40%), 6-month (5.50% to 5.60%), and 12-month (5.60% to 5.75%) tenor