All Banking & Crypto Related Details

Doha Bank is exiting its branch operations in India. The Qatari bank will close its Mumbai and Kochi branches after more than a decade. It will now operate solely through a representative office in the country. This strategic shift was approved by the bank's board of directors. Doha Bank had launched its India operations in June 2014. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/plozLMO via IFTTT

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

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

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

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

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