Saturday, September 5th, 2026
HDFC Bank's chief executive will not seek reappointment when his term expires in two months. Kotak Mahindra's declined an extension in June, with his three-year term ending on 31 December. Both were described as surprises. Both end dates have been known since the day each man started.
Overdraft charges have fallen sharply, which is a real gain for the households that paid them. The cost of a checking account did not fall, because it moved somewhere less visible.
Higher rates taught small companies that idle cash has a price. The habits they built are outlasting the rates that created them.
After years of earning nothing, household savers have become rate shoppers, and the deposit market is behaving like a market again.
Facing depositors who can move money in seconds, smaller banks are investing in retention tooling that watches balances the way retailers watch shopping carts.