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Banks gain funding boost from FCNR deposits, but margins face near-term pressure

Mumbai, Oct. 6 -- A surge in foreign-currency deposits is giving Indian banks ample liquidity to sustain strong credit growth but the surplus is set to squeeze net interest margins (NIMs) this quarter... Read More


RBI rate hikes back on the table as inflation risks mount

Mumbai, Oct. 5 -- The Reserve Bank of India (RBI) is expected to raise interest rates this week for the first time since February 2023, as a sharp shift in the global rate environment and rising infla... Read More


Rising inflation sets stage for a rate hike

mumbai, Oct. 5 -- The Reserve Bank of India (RBI) is expected to raise interest rates this week for the first time since February 2023, as a sharp shift in the global rate environment and rising infla... Read More


Rising inflation sets stage for a rate hike

mumbai, Oct. 5 -- The Reserve Bank of India (RBI) is expected to raise interest rates this week for the first time since February 2023, as a sharp shift in the global rate environment and rising infla... Read More


Rising inflation sets stage for a rate hike

mumbai, Oct. 5 -- The Reserve Bank of India (RBI) is expected to raise interest rates this week for the first time since February 2023, as a sharp shift in the global rate environment and rising infla... Read More


RBI clears Anup Kumar Saha as Kotak Bank CEO

Mumbai, Oct. 2 -- For Anup Saha, the ambition to run a bank has finally fructified. The Reserve Bank of India (RBI) late on Wednesday approved his candidature for the top role at Kotak Mahindra Bank, ... Read More


RBI clears Anup Kumar Saha as Kotak Bank CEO

Mumbai, Oct. 2 -- For Anup Saha, the ambition to run a bank has finally fructified. The Reserve Bank of India (RBI) late on Wednesday approved his candidature for the top role at Kotak Mahindra Bank, ... Read More


RBI eases approval process for bank share acquisitions by MFs, insurers, pension funds

Mumbai, Oct. 1 -- The Reserve Bank of India (RBI) has eased the approval process for mutual funds, insurance companies and pension funds looking to build up major shareholdings in banks. These investo... Read More


RBI approves Anup Kumar Saha as Kotak Mahindra Bank MD & CEO for 3 years

Mumbai, Oct. 1 -- The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as the new managing director and chief executive officer of Kotak Mahindra Bank for a period of three ... Read More


Banks pitch cheaper dollar funding route to large corporates via domestic bonds

Mumbai, Oct. 1 -- Some Indian banks are pitching a strategy that may let large companies raise dollar funding more cheaply-by borrowing in the domestic bond market first, then using a currency swap to... Read More