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Once considered a panacea for the bank’s troubles, the retail banking segment seems to have become a threat to the private lender’s profitability.

The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
As Prashant Kumar’s term runs out, boardroom fault lines have left the lender with no clarity on its next CEO—spooking investors and drawing the RBI’s ire.
While the earnings have been encouraging, the real challenge lies in addressing the slowing deposit growth and leadership uncertainty.