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HDFC Bank said it is using an internal AI initiative called “Neev,” built by a team of about 40 engineers, with a reported ₹2 crore proof in Bengaluru. The bank says Neev supports trade document processing, Aadhaar paperwork, and customer service automation, and is also used to support employee roles, according to the bank.

HDFC Bank chairman Rajiv Kumar said the lender has no ethics or governance issues, citing an independent legal review after former chairman Atanu Chakraborty resigned in March. The board found deposit-mobilisation irregularities involving MSRDC but no mala fide intent. Kumar and CEO Sashidharan Jagdishan expect CASA ratio and net interest margins to improve from mid-2027. Shareholders approved all nine AGM resolutions.

At HDFC Bank’s 32nd AGM, Chairman Rajiv Kumar said there is no ethics or values challenge and that the bank’s balance sheet and internal controls are strong, citing prior concerns after Atanu Chakraborty’s resignation. CEO Sashidhar Jagdishan said merger-related adjustments will weigh near term, while improving low-cost deposits and NIMs from mid-2027, and noted AI benefits may take longer.

RBI Governor Sanjay Malhotra said the central bank does not see major concerns about “window dressing” allegations and that supervision can detect violations. HDFC Bank non-executive chairman Rajiv Kumar said the balance sheet is “very pristine.” HDFC Bank reported June-quarter FY27 standalone net profit of ₹19,060 crore (+5% YoY) with NIM 3.26% and gross NPAs at 1.17%.

Hana Financial Group said it deployed over 1.86 trillion won (about $1.3 billion), 60% of its annual inclusive finance goal, in H1. It set a 3.1 trillion won 2026 target and appointed Vice Chairman Lee Seung-lyul as chief inclusive finance officer. Hana Bank will cover jeonse rental-fraud insurance for about 10,000 young borrowers and plans an August credit-assessment overhaul for thin-file borrowers and small businesses.

India’s SENSEX fell 0.27% to 78,429 and NIFTY50 dropped 0.64% to 24,615, ending a four-day winning run. The decline was linked to a change in closing price mechanism under the new Closing Auction Session. Most NSE sector gauges fell, led by NIFTY Realty (-2.4%). DLF, KEI Industries, Ather Energy and several NIFTY50 constituents reported results.

HDFC Bank launched two special savings accounts: a Special Senior Citizen Savings Account and the SavingsMax account for women, according to the bank. The senior account includes cyber insurance up to Rs 1.5 lakh, doorstep banking, and vouchers up to Rs 1,000. SavingsMax offers health checkups up to Rs 2,000, multiple insurance covers, lifestyle vouchers, cashback, and airport lounge access with a Platinum debit card.

HDFC Bank launched two savings accounts, Max for Seniors and Max for Her, aimed at senior citizens and women. Both offer an Auto Sweep feature and accidental death cover via debit cards. Max for Seniors includes ₹25,000 cyber insurance, higher FD-linked interest, doorstep banking, and a free first year of Demat maintenance. Max for Her adds a free health check-up, ₹10 lakh accidental death cover, and discounted locker rentals.

HDFC Bank announced on Aug. 3 the launch of two Savings Max variants, Max for Seniors and Max for Her, for senior citizens and women. The accounts include features such as cyber fraud protection, auto sweep, doorstep banking, and insurance benefits. Max for Seniors offers cyber cover up to ₹25,000 and accidental death cover up to ₹3.19 crore; Max for Her includes accidental death cover up to ₹10 lakh.

HDFC Bank and ICICI Bank raised interest rates on selected US dollar FCNR (B) deposits by 25 bps, effective Aug 1, 2026 (HDFC) and Aug 3, 2026 (ICICI). HDFC’s 3- to 5-year rate increased to 6.25% from 6%. RBI said it will bear hedging costs for 3- to 5-year FCNR (B) deposits until Sep 30, 2026.