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Behind KVS Manian's sudden exit from Kotak Mahindra Bank

Mumbai, May 2 -- KVS Manian's abrupt exit from Kotak Mahindra Bank Ltd a week after the central bank's knuckle-rap and barely two months after he was elevated as joint managing director may have derai... Read More


Mint Explainer: The Madras high court order that's put RBI in a spot

New Delhi, April 30 -- The Madras High Court last week directed the Reserve Bank of India to conduct a comprehensive valuation of the shares and assets of DBS Bank India Ltd and Lakshmi Vilas Bank bef... Read More


SFBs to shy away from universal bank ops for now

Mumbai, April 29 -- The Reserve Bank of India (RBI) on Friday announced new rules for conversion of small finance banks (SBFs) into universal banks, but it could be a year or two before an SBF applies... Read More


SFBs to shy away from universal bank ops for now

Mumbai, April 29 -- The Reserve Bank of India (RBI) on Friday announced new rules for conversion of small finance banks (SBFs) into universal banks, but it could be a year or two before an SBF applies... Read More


Despite new RBI rules, no small finance bank will apply for a universal banking licence anytime soon

Mumbai, April 28 -- The Reserve Bank of India announced new rules for the conversion small finance banks (SBFs) into universal banks on Friday, but it could be a year or two before an SBF applies for ... Read More


RBI sets standards for SFBs eyeing universal bank licence

Mumbai, April 26 -- Small Finance Banks (SFBs) must maintain profitability, and keep their gross non-performing assets ratio below 3% for at least two financial years before applying for a universal b... Read More


Kotak CEO calls for major tech infra upgrade in message to employees

Mumbai, April 25 -- The explosive growth in business through digital channels has increased the need for a completely different level of technology infrastructure, Kotak Mahindra Bank's chief executiv... Read More


Paytm completes merchant migration to PSP bank handles

Mumbai, April 23 -- The migration of merchant customers from Paytm to the new Payment System Provider (PSP) bank handles has been completed, said Paytm founder Vijay Shekhar Sharma. This comes after ... Read More


Paytm completes merchant migration to new UPI ids

Mumbai, April 22 -- The migration of merchant customers from Paytm to the new Payment System Provider (PSP) bank handles has been completed, said Paytm founder Vijay Shekhar Sharma. This comes after ... Read More


Mint Explainer: Illegal forex trading platforms and the RBI's warning

New Delhi, April 20 -- Reserve Bank of India (RBI) governor Shaktikanta Das has recently raised concerns over unauthorized forex trading platforms that are often used by corporates and traders to hedg... Read More