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Kotak's Vaswani hopes that NRC will broaden CEO search beyond internal bench

Mumbai, July 18 -- Kotak Mahindra Bank's search for its next chief executive is likely to extend beyond its internal leadership ranks, with outgoing managing director and chief executive officer Ashok... Read More


West Asia, weak monsoon, biggest risks to economy: RBI governor

Mumbai, July 18 -- Geopolitical tensions in West Asia and uneven southwest monsoon rainfall are the biggest risks to India's economy, Reserve Bank of India governor Sanjay Malhotra said on Friday. The... Read More


Federal Bank taps leveraged FCNR deposits to support credit growth, prepares for overseas fundraising

Mumbai, July 17 -- Federal Bank is betting on the Reserve Bank of India's relaxed foreign currency non-resident bank (FCNR-B) deposit scheme to bolster its funding base and support credit growth while... Read More


RBI governor Malhotra flags West Asia, monsoon as biggest risks to Indian economy

MUMBAI, July 17 -- Geopolitical tensions in West Asia and the progress of the southwest monsoon are the biggest risks to India's economy, Reserve Bank of India governor Sanjay Malhotra said Friday. T... Read More


RBI governor Malhotra flags West Asia, weak monsoon as biggest risks to Indian economy

MUMBAI, July 17 -- Geopolitical tensions in West Asia and uneven southwest monsoon rainfall are the biggest risks to India's economy, Reserve Bank of India governor Sanjay Malhotra said Friday. The w... Read More


RBI strengthens bank board oversight, shifts focus to risk and strategy

MUMBAI, July 15 -- The Reserve Bank of India is pushing bank boards away from routine approvals and towards the decisions that can determine a lender's financial soundness, tightening governance rules... Read More


RBI to meet bank EDs on Wednesday ahead of policy, with focus on FCNR mobilisation

Mumbai, July 14 -- The Reserve Bank of India (RBI) is set to hold a meeting with executive directors of banks on Wednesday as part of its customary pre-monetary policy consultations, with discussions ... Read More


ICICI Bank set to raise overseas borrowing limit

Mumbai, July 14 -- ICICI Bank Ltd is set to raise its overseas borrowing capacity as it looks to tap international debt markets, the bank said in an exchange filing on Tuesday. The private sector len... Read More


Tata Capital enters gold loan market via acquisition

Mumbai, July 14 -- Tata Capital is entering the gold loan business through the acquisition of a controlling stake in gold loan-focused non-banking financial company (NBFC) Yogakshemam Loans Ltd (Yoglo... Read More


Banks Q1 preview: Strong loan growth to offset margin squeeze

New Delhi, July 13 -- India's banks are heading into the June-quarter (Q1FY27) earnings season with strong loan growth and resilient core operating performance. But lower treasury income, pressure on ... Read More