[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 & […]
Adani’s $3.5 bn Ambuja loan moves ahead after some banks get approval
[ad_1] Ambuja cements (Photo: Bloomberg) By Saikat Das A group of banks that have been in talks to lend about $250 million each toward a syndicated […]
Here’s how the Indian banks are making $64 billion from a freebie
[ad_1] By Andy Mukherjee On more than 6 billion separate occasions in just one month, the ringing of cash registers in India was replaced by audio […]
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” […]
Here’s why Adani’s grip on banks is tighter than his hold on markets
[ad_1] By Andy Mukherjee Through the turmoil of the past eight months, including a flopped share sale and a massive erosion of stock-market wealth, two of […]
RBI to withdraw incremental cash reserve ratio by Oct 7 in phased manner
[ad_1] Representative Image (Photo: Bloomberg) The Reserve Bank of India has decided to discontinue the Incremental Cash Reserve Ratio (I-CRR) by 7 October in a phased manner, […]
Surplus liquidity continues ahead of RBI’s incremental CRR review
[ad_1] Banks continue to park their excess liquidity with the Reserve Bank of India (RBI), indicating that the banking system is flush with funds, ahead of the […]
Liquidity continues to be in deficit, banks expect RBI repo auction
[ad_1] The market expects that the RBI could announce a variable repo rate (VRR) auction to infuse liquidity. Liquidity deficit in the banking system continued on Wednesday […]
Provide borrowers option to switch to fixed interest rates: RBI to banks
[ad_1] It further said that at the time of reset of interest rates, Regulated Entities (REs) should provide an option to borrowers to switch over to a fixed […]