28 June 2026
Bankopedia Banking Digest — 2026-06-28 #92
- #1economic_timesneutral
Exporters Press RBI on Shrinking Trade Credit
Exporters raised over six concerns with Reserve Bank of India Governor Sanjay Malhotra, including a 14% contraction in priority sector export credit even as goods and services exports grew nearly 4%. The RBI signalled receptiveness to several suggestions, including improving pre- and post-shipment finance flows and better transmission of interest equalisation scheme benefits.
Priority sector export credit fell 14% by February despite nearly 4% export growth.
regulationforexcredit_markets - #2economic_timespositive
Nominal GDP Growth Shields India's Fiscal Position
EY projects India's nominal GDP growth at approximately 12.5% in FY27, driven by higher inflation supplementing real growth of 6.7%, which should support central government tax revenues. The firm expects the budgeted fiscal deficit of 4.3% of GDP to remain achievable despite potential subsidy overruns and excise duty cuts.
India's nominal GDP growth of ~12.5% in FY27 may cushion fiscal pressures despite global headwinds.
economy_macrogovernment_securities - #3economic_timespositive
Female Entrepreneurs Lead India's Digital Finance Surge
A DBS Bank India and Deloitte study of 1,342 women finds female entrepreneurs lead digital financial adoption, with 84% using digital payment tools and 38% leveraging loan and credit platforms. Unified Payments Interface usage stands at 72% among female entrepreneurs, highlighting the deepening reach of India's digital payments infrastructure.
84% of female entrepreneurs use digital payment tools, making them the most active digital finance cohort.
digital_bankingfinancial_inclusion - #4financial_expressneutral
India's Informal Economy Demands Greater Policy Attention
An opinion piece by RBI Central Board Director Satish Marathe and economist Sandeep Vempati highlights the informal economy as a critical but underanalysed driver of India's GDP growth over the past 12 years. The National Statistics Office's Annual Survey of Unincorporated Sector Enterprises and a new quarterly bulletin aim to improve data visibility on this vast segment.
India's informal unincorporated sector remains critically underanalysed despite its significant GDP contribution.
economy_macrofinancial_inclusion - #5financial_expressneutral
Forty-Plus Firms Declare Dividends This Week
Over 40 Indian companies, including Mahindra and Mahindra, Bajaj Holdings, and Shriram Finance, are set to turn ex-dividend this week, with Mahindra announcing its highest-ever dividend payout. Key ex-dividend dates span June 29 through the remainder of the week, covering firms from Raymond Lifestyle to Kansai Nerolac Paints.
More than 40 companies go ex-dividend this week, led by Mahindra's record-high payout.
capital_markets - #6moneycontrolneutral
Dollar Surge Reshapes Fed Rate-Hike Calculus
Commodity markets faced a complex macro-geopolitical backdrop as the dollar index hit a 13-month high of 101.8, driven by markets pricing in up to two Federal Reserve rate hikes through December. May's PCE inflation data came in broadly as expected, trimming the probability of an October hike to 70% from 80%, while US Q1 GDP was revised up to 2.1%.
Markets now price 70% probability of a Fed rate hike by October, down from 80%.
monetary_policyforex - #7moneycontrolpositive
AI Boom Drives Hong Kong Fundraising Revival
Hong Kong share sales reached a five-year high in the first half of 2026, raising nearly $44 billion — a 29% year-on-year jump — driven by AI-sector enthusiasm and large Chinese corporate offerings. The city captured the largest share of the $122 billion raised across the Asia-Pacific region, with deal momentum expected to accelerate in the second half.
Hong Kong raised $44 billion in H1 2026, a five-year high and 29% surge year-on-year.
capital_markets - #8moneycontrolpositive
Kratikal Tech SME IPO Targets Global Cybersecurity Growth
AI-driven cybersecurity firm Kratikal Tech opens its ₹39.7-crore SME initial public offering on June 30, with shares priced between ₹128 and ₹135 and a tentative listing date of July 7 on BSE SME. Proceeds will fund global expansion, including investments in subsidiaries in the UAE and the US.
Kratikal Tech launches ₹39.7-crore SME IPO to fund AI cybersecurity global expansion.
capital_markets - #9financial_expresspositive
Persistent Systems Seals Landmark European AI Acquisition
Persistent Systems has launched a voluntary all-cash takeover of Germany's Nagarro SE at EUR 81 per share — a 140% premium to the undisturbed closing price — creating a combined entity valued at $2.9 billion. The deal, Persistent's largest overseas acquisition, is financed by Barclays Bank and significantly expands its European technology services footprint.
Persistent Systems acquires Nagarro SE at EUR 81/share, a 140% premium, for $2.9 billion combined value.
corporate_finance - #10hindu_businesslineneutral
Kotak Mahindra Bank CEO Succession Process Begins
Ashok Vaswani has informed Kotak Mahindra Bank's board that he will not seek re-appointment as Managing Director and Chief Executive Officer when his term expires on December 31, 2026, citing personal reasons. The board has initiated a succession process, with three internal Whole-Time Directors and potential external candidates under consideration.
Kotak Mahindra Bank CEO Ashok Vaswani exits at end of 2026, succession search begins.
banking_supervision - #11hindu_businesslinepositive
Nifty Poised to Break Key Resistance Levels
Technical analysis for the week of June 29–July 3, 2026 shows Nifty 50 sustaining above support with a positive chart bias. Both Nifty and Bank Nifty are seen as likely to break key resistance levels and move higher.
Nifty may rally to 24,750–24,850 after breaking 24,250 resistance this week.
capital_markets - #12hindu_businesslineneutral
SEBI's Life Cycle Funds Redefine Retirement Investing
SEBI introduced Life Cycle Funds in February 2026, replacing retirement and children's solution-oriented schemes, with built-in equity-to-debt glide paths tied to a predefined maturity year. Zerodha Mutual Fund has launched the first LCF new fund offers, while ICICI Prudential has filed draft documents for three schemes.
Life Cycle Funds auto-rebalance equity to debt as maturity approaches, removing investor guesswork.
regulationcapital_marketsfinancial_inclusion - #13financial_expressneutral
Power Finance Corporation Sets Dividend Record Date
Power Finance Corporation has set July 31 as the record date for its final dividend of ₹3.95 per share. Investors holding shares on or before that date will be eligible for the payout.
Power Finance Corporation's ₹3.95 final dividend record date is set for July 31.
capital_markets - #14moneycontrolneutral
ICAI Urges Firms to Embrace Internal Controls
ICAI president Prasanna Kumar D urges businesses to treat internal financial controls as a matter of self-interest rather than a compliance checkbox, citing recent governance lapses in the financial sector. He warns that governance failures inevitably undermine internal control mechanisms, leading organisations into serious trouble.
ICAI president calls internal financial controls a matter of self-interest, not mere compliance.
regulationbanking_supervision - #15hindu_businesslinepositive
GIFT City Asserts India's Global Finance Ambitions
GIFT City will present its growth as India's international financial gateway at the Vibrant Gujarat Regional Summit in Vadodara on June 30, highlighting advances in banking, capital markets, insurance and fund management. Banking assets at GIFT City's International Financial Services Centre reached USD 111 billion as of March 2026, with 217 fund management entities overseeing 360 schemes.
GIFT City banking assets reached USD 111 billion as of March 2026, signalling rapid IFSC growth.
capital_marketsfinancial_inclusion