All Banking & Crypto Related Details

HSBC has appointed Paras Jain as the global head of TMT investment banking, with a start date in November. Jain previously worked at Cantor Fitzgerald, where he built its technology investment banking group. This hiring coincides with HSBC's strategy to focus on financing areas with greater competitive strength. The bank aims to expand its market share in Asia and the Middle East's tech sectors. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fr1aGFU via IFTTT

Asset reconstruction companies have called for improved government intervention to accelerate debt recovery through DRTs. They proposed changes including automatic lapse of interim stays after two months and better notification processes for creditors. Additionally, they requested timely filling of DRT vacancies and enhanced electronic services for litigation. The Sarfaesi Act has been highlighted as an essential tool for banks in asset recovery. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sjWD1H2 via IFTTT

The Reserve Bank of India has asked banks to identify systemic, process and operational gaps behind recurring customer complaints and conduct root-cause analysis to reduce their recurrence. The regulator also called for stronger capacity building and grievance handling. More than 1.33 million complaints were received under the ombudsman scheme in FY25. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/XB2CpQS via IFTTT

Anup Kumar Saha has been appointed as the next Managing Director and CEO of Kotak Mahindra Bank. His term will commence on January 1, 2027, following Reserve Bank of India's approval. Currently a whole-time director, Saha brings over 32 years of experience in banking and financial services. He aims to enhance customer relationships and create sustainable value for stakeholders. The bank will seek shareholder approval to formalize his appointment. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/FRH0CgO via IFTTT

Anup Kumar Saha has been appointed as the new Managing Director and CEO of Kotak Mahindra Bank. His tenure will start on January 1, 2027, and last for three years. Currently serving as an Executive Director, he has over 32 years of experience in financial services. He joined Kotak Mahindra Bank in January 2026 and previously handled multiple functions there. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SeVy02P via IFTTT

In August, the Reserve Bank's net short forward positions increased significantly to $200 billion. This rise follows a net short position of $136 billion recorded in July. Long dollar positions also saw an addition, indicating ongoing market adjustments. Economists suggest that the RBI is facing challenges in managing these short positions effectively. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PIMGbvK via IFTTT