[ad_1] ICICI Bank announced a 35.76 per cent growth in net profit to Rs 10,261 crore in the second quarter of financial year 2023-24, up from Rs […]
Kotak Mahindra Bank to appoint Ashok Vaswani as the new MD and CEO
[ad_1] Kotak Mahindra Bank (‘Kotak’ or ‘the Bank’) today said Ashok Vaswani, former Citigroup banker, will be its next Managing Director & Chief Executive Officer (MD & […]
RBI found excessive dominance by 1-2 board members even in banks: Guv Das
[ad_1] Reserve Bank Governor Shaktikanta Das on Monday said the central bank has noticed “excessive dominance” by one or two board members even in “big commercial banks” […]
Bank of England halts run of interest rate hikes as economy slows
[ad_1] The Bank of England halted its long run of interest rate increases on Thursday as the British economy slowed, but it said it was not taking […]
Axis Bank investment banking unit’s co-CEO Chirag Negandhi resigns
[ad_1] The co-CEO of Axis Bank’s investment banking unit Axis Capital, Chirag Negandhi, has resigned, according to an internal memo seen by Reuters on Friday. The […]
Merger of HDFC Bank with HDFC is a serious makeover
[ad_1] By Andy Mukherjee When the remaking of India’s socialist financial landscape began in 1993, very few people believed in the project — some of the 40 applications […]
For advising on $64 billion HDFC Bank deal, bankers get a 0.0002% fee
[ad_1] By Anto Antony A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle […]
RBI likely to tighten norms for unsecured lending portfolios of banks
[ad_1] By Siddhi Nayak and Swati Bhat The Reserve Bank of India (RBI) is looking to tighten scrutiny on the unsecured lending portfolios of banks amid […]
RBI to levy penalties on banks that lose property papers of loan seekers
[ad_1] RBI policy: How a repo rate hike/cut impacts your home loans and EMIs MPC lowers projection for inflation, raises growth outlook a bit in FY24 RBI Monetary […]