The Global Banker — Banking Industry News &amp; Intelligence

NatWest appoints Isabelle Girolami CEO of C&I from 1 January 2027, subject to approval

ICICI Bank's second-quarter profit rises 20.1% to Rs 14,843.03 crore as margin narrows

RBI injects ₹1 trillion in first liquidity infusion in over three months as rates climb

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Hunan trials national transition finance standards across five industries

HDFC Bank's incoming CEO Anup Bagchi says merger integration is largely complete

HDFC Bank deputy managing director Kaizad Bharucha seeks to leave on 31 December

Bank of Ghana proposes credit risk directive to tighten borrower repayment checks

Egypt approves Banque du Caire IPO of 30% stake worth up to EGP 24.25 billion

Nigerian banks raise N4.65trn in fresh capital as inflation falls to 14.63%

HDFC Bank reports 5.2% rise in second-quarter profit to Rs 19,610 crore, missing estimates

Citi becomes first bank to go live with multiple markets on Swift instant payments scheme

NBP says central bank and rate-setting council cannot function without a President

Lagarde says energy shock is too large to 'look through' as ECB deposit rate stands at 2.50%

Vietnam orders banks to cut deposit rates by at least 0.5 points and bans rate competition

PBOC signals single benchmark rate as overnight reverse repo injection hits 600 billion yuan

Basel Committee adopts average-value reporting to curb G-SIB window-dressing

UBS weighs move from Switzerland as new capital rule would add $16 billion

Canada proposes conditions for over 400 financial institutions to use new non-financial powers

US sanctions Iraq's International Development Bank, which reports deposits above 2.6 trillion dinars

Warsh vows price stability in Bangkok as futures price even odds of October Fed hike

ICICI Bank's second-quarter profit rises 20.1% to Rs 14,843.03 crore as margin narrows

Standalone net profit rose 20.1% to Rs 14,843.03 crore for the September quarter, while net interest margin fell to 4.18% from 4.36% in the previous quarter.

Egypt approves Banque du Caire IPO of 30% stake worth up to EGP 24.25 billion

The regulator clears a sale of up to EGP 24.25 billion in Banque du Caire shares, with orders accepted from 19 to 23 October 2026 and trading expected in November.

Nigerian banks raise N4.65trn in fresh capital as inflation falls to 14.63%

Nigeria's banking sector raised N4.65 trillion in fresh capital through recapitalisation, CBN Governor Olayemi Cardoso said, as headline inflation declined to 14.63 per cent in September.

HDFC Bank reports 5.2% rise in second-quarter profit to Rs 19,610 crore, missing estimates

India's largest private lender saw net profit rise 5.2% year-on-year to Rs 19,610 crore, while net interest income of Rs 34,619 crore fell short of the analysts' estimate of Rs 34,991.51 crore.

NatWest appoints Isabelle Girolami CEO of C&I from 1 January 2027, subject to approval

Isabelle Girolami, currently Head of Corporate & Institutional Banking, will lead Commercial & Institutional from 1 January 2027, while Walid Assaf of Crédit Agricole CIB is to succeed Jonathan Peberdy as CEO of Markets.

HDFC Bank's incoming CEO Anup Bagchi says merger integration is largely complete

Anup Bagchi, who takes over as managing director and CEO on 27 October from Sashidhar Jagdishan, says most HDFC Ltd integration work is done, though balance sheet changes continue.

HDFC Bank deputy managing director Kaizad Bharucha seeks to leave on 31 December

Kaizad Bharucha, seen as a strong contender for the top job, has asked to step down effective 31 December 2026, after HDFC Bank appointed ICICI Bank veteran Anup Bagchi as MD and CEO.

Standard Chartered appoints Ying Ying Tan as global head of securities services and digital assets

Tan succeeds Margaret Harwood-Jones, who is now CEO, UK & Europe, and takes on the digital assets role at the same time, both effective immediately, the bank said.

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Q4 2026: Record profits, on a tightrope

The first half paid banks well for volatility, wealth and lending. The rate cycle has now turned, and the second half will test which of those engines keeps running.

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MPS foundation backs Intesa's tender offer for Monte dei Paschi ahead of 29 October vote

Fondazione Mps, once the bank's largest shareholder, will put its backing to its administrative deputation on 23 October, as opponents of MPS's defences already exceed the 34% veto threshold.

ECB authorises UniCredit to lift Commerzbank stake above 30% with no upper limit

UniCredit has ECB clearance to go beyond 30% of Commerzbank and expects to hold about 50% of its voting rights around the end of the year, once remaining regulatory processes are complete.

Taiwan regulator approves Bank SinoPac merger to form NT$3.19 trillion-asset bank

The combined bank is expected to have NT$3.19 trillion in total assets, with Bank SinoPac paying for the deal in new shares to King's Town Bank shareholders and any remainder in cash.

IDBI Bank shares fall 7% as government agrees $5.5 billion stake sale to Fairfax

IDBI Bank shares fell more than 7% after India's government announced the sale of a 60.7% stake to Fairfax, a deal that still needs a Reserve Bank of India fit and proper assessment.

Mastercard and BVNK launch Global Money Platform for stablecoin and fiat accounts

Mastercard and BVNK's single-API platform lets banks embed fiat and stablecoin accounts, cards and payouts under their own brand, with card issuing in 130-plus countries.

BBVA and Santander Completed €150 Million Blockchain Loan for Iberdrola

BBVA and Santander completed a €150 million syndicated loan for Iberdrola using a blockchain platform that records and manages the transaction’s full contractual lifecycle digitally.

15 October 2026

IMF and World Bank launched global blueprint against cyber-enabled financial fraud

The IMF, World Bank and Bank of Thailand launched a fraud-resilience framework for financial services as officials estimated digital scams cost the global economy about $1 trillion annually.

14 October 2026

Airtel Money completed London admission as all 2.7 billion shares began trading

Airtel Money’s full share capital entered unconditional London trading on 14 October, completing admission of 2.7 billion shares after conditional dealings began five days earlier.

14 October 2026

Bank of Ghana proposes credit risk directive to tighten borrower repayment checks

The Bank of Ghana's draft directive would make lenders weigh income and cash flows ahead of collateral, as it targets non-performing loan ratios of no more than 10 percent by end-2026.

Basel Committee adopts average-value reporting to curb G-SIB window-dressing

Banks must report G-SIB indicators on average values over the reporting year rather than year-end values by January 2030, while the committee consults on European Banking Union exposures.

Canada proposes conditions for over 400 financial institutions to use new non-financial powers

Proposed regulations would set conditions on non-financial activities for over 400 federally regulated financial institutions, and would require reporting to the Department of Finance.

US sanctions Iraq's International Development Bank, which reports deposits above 2.6 trillion dinars

OFAC accuses the Baghdad lender of giving Iran access to US dollars, while a general licence allows transactions to be wound down until 30 October 2026.