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Kotak Mahindra Bank taps HSBC and CTBC for $600-million overseas loan

Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency facilities aim to attract dollars into India. The funds will likely support overseas clients making FCNR (B) deposits. This move leverages a special swap facility from the Reserve Bank of India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PjnRLQO via IFTTT
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HDFC Bank fines CEO, CFO ₹1 lakh each after MSRDC review finds 'business overreach'

HDFC Bank has taken disciplinary action against certain employees after finding them guilty of business overreach related to deposit arrangements. As a result, three senior executives received both warning letters and a monetary penalty of one lakh rupees. This decision stemmed from an independent review, confirming no personal gain was sought. However, discrepancies with RBI directives raised concerns, prompting the bank to implement these measures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z15BMxL via IFTTT
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Bank of Baroda data reportedly leaked on dark web

Sensitive Bank of Baroda data has reportedly been hacked and released. About one terabyte of personal and corporate banking details appeared online. This includes Aadhaar numbers, account records, and loan data from many branches. Internal communications and audit reports were also part of the leaked information. No hacker has claimed responsibility for this significant data breach. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HAOfhNV via IFTTT
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Costs and provisions down, IDFC Bank will continue to bolster earnings: V Vaidyanathan, MD & CEO

Our credit cost was 2.13% of loans including the microfinance portfolio, against a guidance of 2.10%. This year, encouraged by seeing our credit quality in the first quarter, we are targeting 50 bps lesser credit cost, say 1.5% to 1.6%, says V Vaidyanathan, MD & CEO, IDFC Bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TMUAJiP via IFTTT
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PNB profit to cross Rs 20,000 cr mark in FY27: MD Ashok Chandra

Punjab National Bank expects its FY27 net profit to exceed ₹20,000 crore after delivering more than ₹5,000 crore in quarterly profit for four consecutive quarters, Managing Director and CEO Ashok Chandra said. The lender also plans to enter acquisition financing from the third quarter following the RBI's revised guidelines. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/C1f2jKh via IFTTT
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AU Small Finance Bank Q1 net rises 37% to ₹796 crore

AU Small Finance Bank saw net profit rise thirty-seven percent to ₹796 crore. This growth was driven by better asset quality and healthy business expansion. Pre-provision operating profit increased nine percent year-on-year to ₹1435 crore. Net interest income surged thirty-two percent, boosting overall financial performance. The bank also announced Yogesh Jain's elevation to deputy chief executive officer. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wWFcH4Z via IFTTT
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SBI recruits 1,930 Circle Based Officers to strengthen banking operations

State Bank of India has recruited 1,930 Circle Based Officers nationwide. These new officers will strengthen customer service and banking operations across all branches. They will support customer engagement and deliver personalised banking services to over 53 crore customers. The bank continues to invest in talent development for an agile banking ecosystem. This recruitment reflects SBI's focus on evolving customer needs and digital initiatives. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/k5UCWw6 via IFTTT
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