Tag: Banking Sector

Finance

HDFC Bank Inaugurates Tech & Digital Factory in Guwahati to Boost AI and Cybersecurity Talent

Swara Bodke

Written by Intern Swara Bodke || Team Allycaral

India, 2026: HDFC Bank, India’s leading private sector bank, has inaugurated its new Tech & Digital Factory in Guwahati, marking its first such facility in Assam and the fourth nationwide. The bank already operates similar Tech & Digital Factories in Mumbai, Bengaluru and Gurugram.
The new centre will serve as a hub for advanced technology development, innovation and talent incubation in Assam. It aims to strengthen talent pools in Artificial Intelligence (AI), Digital technologies and Cybersecurity, while building capabilities in Cloud, Data and core engineering tracks. The initiative is also expected to enhance digital product creation capabilities in the state.
The facility was inaugurated by Assam Chief Minister Himanta Biswa Sarma in the presence of Mr. Kaizad Bharucha, Deputy Managing Director – HDFC Bank, Mr. Ramesh Lakshminarayan, Chief Information Officer – HDFC Bank, dignitaries from the Government of Assam, members from participating educational institutions, and officers of the bank.


The Tech & Digital Factory will generate career opportunities for skilled professionals in Assam, enabling them to contribute directly to next-generation technology development while remaining in their home state.
The initiative is part of Advantage Assam 2.0, under which HDFC Bank partnered with the Government of Assam. The collaboration focuses on enhancing academic knowledge with industry expertise through a structured skill-building curriculum tailored to the BFSI and fintech sectors.
Centred on campus-to-corporate competency, the programme aligns with job requirements in banking and fintech industries. The curriculum includes essential banking knowledge along with new-age IT domains.
The programme commenced in September 2025, and over 150 students are currently being trained under the cohort. Participants will receive industry-relevant knowledge and hands-on experience from senior HDFC Bank executives.
Students enrolled in the programme will also undergo internships with HDFC Bank for a duration of 2 to 4 months. This will allow them to apply academic and technological concepts in real-world corporate scenarios. Importantly, the course is offered at no additional cost to students.
Commenting on the development, Mr. Kaizad Bharucha, Deputy Managing Director, HDFC Bank, said that the Bank had signed an MoU with the Assam Government at Advantage Assam 2.0 in February 2025 and was pleased to establish the facility within a year, supported strongly by the state government. He added that the new centre would enable the rollout of innovative digital products and services while attracting engineering talent from Assam to contribute to next-generation banking technology.
HDFC Bank’s Tech & Digital Factory model continues to function as the nucleus of digital execution, with dedicated units focused on experience design, mobile and cloud engineering, APIs and orchestration, data and GenAI, and secure-by-design architecture.
HDFC Bank began its journey in Assam in 2004 with the launch of its first branch in Guwahati. Since then, the Bank has expanded to 138 branches and 248 ATMs across the state as of December 31, 2025. According to the State Level Banker’s Committee (SLBC) report, the Bank’s Credit-Deposit (CD) ratio in Assam stood at 85.78% as of the same date.

Business

Mining-Affected Borrowers in Goa Urged to Be Given Lenient Treatment by Banks

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Written by Intern Rency Gomes || Team Allycaral 

Speaking at a function organised by a prominent bank, Chandrakant Gawas, Chair of the GCCI Logistics Committee, urged financial institutions to take a lenient and supportive view of borrowers affected by the prolonged downturn in Goa’s mining sector. Highlighting the gradual revival of mining operations, he stressed the need for banks to rework stressed assets, restructure loans, and consider fresh contracts to aid the sector’s recovery.


Gawas noted that mining plays a significant role in Goa’s economy and that years of halted operations have severely impacted borrowers linked to the sector. With mining activity resuming, he said it was an opportune moment for lenders to revisit stressed accounts and adopt solutions that benefit both borrowers and financial institutions.

According to available data, four mining blocks are currently operational in Goa, with iron ore production expected to cross 10 million tonnes in the current financial year. The mining sector has an estimated ₹5,000 crore worth of loans classified as stressed assets, affecting nearly 1,500 borrowers who continue to face repayment challenges due to the earlier downturn.

He also acknowledged the proactive efforts of Chief Minister Dr Pramod Sawant in supporting mining-affected borrowers. Gawas noted that the Government of Goa has rolled out several relief measures aimed at easing financial distress and reviving livelihoods in mining-dependent regions.

These measures include the extension of the debt relief scheme with a 35 per cent loan subsidy, full waiver of interest, and partial waiver of principal amounts—up to 40 per cent for truck owners and 30 per cent for barge owners. Financial assistance amounting to ₹147.73 crore has been provided to 6,999 truck owners, while ₹20.96 crore has been extended to 2,000 mining-affected workers. Additionally, mining leases are being made operational in phases to enable employment revival by 2026, and District Mineral Foundation (DMF) funds are being utilised for infrastructure development, water supply, and desilting of agricultural land in mining-affected areas.

Emphasising a collaborative approach, Gawas urged banks to avoid coercive recovery measures and instead focus on sustainable solutions. He appealed to lenders to rework stressed assets with flexible repayment terms, restructure loans based on fresh contracts and production forecasts, avoid liquidation of pledged assets where possible, and adopt a lenient outlook aimed at long-term recovery. He also called for greater focus on supporting borrowers in mining-dependent rural areas.

The appeal, he said, is intended to foster cooperation between banks, borrowers, and the government, ensuring that the revival of mining translates into broader economic recovery for Goa.

Business

HDFC Bank Reports 8.9% Growth in Net Revenue for Q3 FY26; Net Interest Income Rises 6.4%

rencygomes02

Written by Intern Rency Gomes ||Team Allycaral 

Mumbai, January 17, 2026: The Board of Directors of HDFC Bank Limited approved the Bank’s financial results prepared under Indian GAAP for the quarter and nine months ended December 31, 2025, at its meeting held in Mumbai on Saturday. The financial statements have been subjected to a limited review by the statutory auditors of the Bank.

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For the quarter ended December 31, 2025, the Bank reported net revenue of ₹458.7 billion, registering a growth of 8.9 per cent compared to ₹421.1 billion in the corresponding quarter of the previous year.

Net interest income (interest earned less interest expended) for the quarter increased by 6.4 per cent to ₹326.2 billion from ₹306.5 billion in the same period last year. The Bank’s core net interest margin stood at 3.35 per cent on total assets and 3.51 per cent on interest-earning assets.

Other income (non-interest revenue) for the quarter amounted to ₹132.5 billion. Fee and commission income rose to ₹92.3 billion compared to ₹81.8 billion in the corresponding quarter of the previous year. Foreign exchange and derivatives revenue stood at ₹14.3 billion, marginally higher than ₹14.0 billion reported a year earlier. Net trading and mark-to-market gains surged to ₹9.3 billion from ₹0.7 billion, while miscellaneous income, including recoveries and dividends, was ₹16.6 billion compared to ₹17.9 billion in the year-ago quarter.

Operating expenses for the quarter ended December 31, 2025 were ₹187.7 billion. Excluding the estimated impact of ₹8.0 billion related to employee benefits under the New Labour Code, operating expenses stood at ₹179.7 billion, compared to ₹171.1 billion in the corresponding quarter of the previous year. The Bank’s core cost-to-income ratio for the quarter was 39.2 per cent.

The results reflect HDFC Bank’s continued focus on sustainable growth, operational efficiency and disciplined cost management amid evolving economic conditions.

Finance

Exim Bank Pays ₹325 Cr Dividend to Finance Minister Nirmala Sitharaman for FY 2024-25

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In a significant financial development, Export-Import Bank of India (EXIM Bank) has presented a dividend cheque of ₹325 crore to Smt. Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs, for the fiscal year 2024-25.

The cheque was handed over by Smt. Harsha Bangari, Managing Director of India Exim Bank, reaffirming the institution’s commitment to financial prudence, profitability, and support for India’s global trade and development finance objectives.

Strengthening India’s Financial Backbone

As a premier export credit agency, Exim Bank plays a vital role in enhancing India’s international trade competitiveness. The dividend payout is reflective of the bank’s consistent performance and its role in aiding the country’s economic diplomacy through structured finance, project exports, and development initiatives across Asia, Africa, and Latin America.

The Ministry of Finance has appreciated the continued commitment of public sector banks and financial institutions in delivering value to the nation, both in terms of financial contributions and their strategic roles in key sectors.

This substantial dividend follows Exim Bank’s broader mission of strengthening India’s external sector and enhancing the global footprint of Indian businesses.