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Former SBI MD Arijit Basu appointed part-time chairman of IndusInd Bank

Arijit Basu is the new part-time chairman of IndusInd Bank. Shareholders have approved his appointment. Basu has a strong background in banking. He previously chaired HDB Financial Services. He also held leadership roles at State Bank of India and SBI Life Insurance. Sunil Mehta will step down as chairman on January 30. The bank thanked Mehta for his service. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z3Am0vN via IFTTT
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Deposits continues to lag credit growth, credit-deposit ratio at record high

Banks' deposit growth is significantly trailing credit growth, with the gap widening to 300 basis points as of March 15. Deposits grew 10.8% year-on-year, while advances rose 13.8%. This has pushed the credit-deposit ratio above 83% for the first time, signaling increased liquidity risk for banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2Gomj1O via IFTTT
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Fino Payments Bank defers MD Rishi Gupta's reappointment; awaits RBI review

Fino Payments Bank has paused the re-appointment of its Managing Director, Rishi Gupta. This decision comes as the Reserve Bank of India will reassess Gupta's fit and proper criteria. The bank board withdrew a shareholder vote notice for his reappointment. Gupta was recently granted bail after an arrest related to GST investigations. His candidature remains unaffected pending these reviews. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DuoQS9J via IFTTT
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HDFC Bank chairman Atanu Chakraborty quit due to 'power struggle' with CEO Sashidhar Jagdishan: Report

HDFC Bank's chairman Atanu Chakraborty resigned abruptly due to a power struggle with CEO Sashidhar Jagdishan, stemming from strategic disagreements and governance issues. The dispute intensified over the CEO's reappointment, raising concerns about leadership stability at India's largest private lender. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IvCxPHc via IFTTT
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Sentiment shifts: Bad loans aren’t the only worry for banking sector anymore

Indian Banks Governance Risk: Indian banks are facing new challenges. Investor focus is shifting from bad loans to governance and leadership. Recent events at HDFC Bank, Yes Bank, IDFC First Bank, Kotak Mahindra Bank, and IndusInd Bank highlight these issues. Oversight lapses and boardroom dynamics are now critical. This marks a significant change in how risks are assessed in the banking sector. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Np87ilZ via IFTTT
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Kotak Mahindra Bank fraud case: Relationship Manager Dileep Raghav held for false FD reports

Haryana Police have arrested Dileep Kumar Raghav, a former Kotak Mahindra Bank official. He is accused of sending fake reports about fixed deposits to Panchkula Municipal Corporation. The fraud involves around 150 to 160 crore rupees. Discrepancies emerged during fund reconciliation. The bank is cooperating with investigations and reviewing its processes. Multiple individuals are under scrutiny for potential collusion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/P4ioFZ0 via IFTTT
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Energy price pressures to drive CPI inflation to 4.5% in FY27: ICICI Bank report

India's retail inflation is projected to reach 4.5 percent in fiscal year 2027. This upward revision by ICICI Bank is driven by increasing energy costs. Higher petrol and diesel prices will now have a greater impact on consumer prices. This change is due to a revised weighting system for goods. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/q97gGJ8 via IFTTT
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