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State Bank of India expands US footprint with new branch in Texas

State Bank of India expanded its banking subsidiary footprint in the United States with the inauguration of a new branch of SBIC Bank in Frisco, North Dallas, Texas. The branch, inaugurated by SBI Chairman Challa Sreenivasulu Setty, represents the subsidiary's first office outside California and takes its total branch count in the country from seven to eight. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/BXIgCy3 via IFTTT
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CCI approves Kotak Mahindra Bank's acquisition of Deutsche Bank's India retail banking business

Kotak Mahindra Bank Limited has received approval from the Competition Commission of India for its acquisition. This acquisition involves Deutsche Bank AG's retail, private banking, and wealth management businesses in India. The deal includes significant assets like loans and deposits, benefiting around 150,000 customers. Additionally, a referral arrangement will be established between both banks through their affiliates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4ZIBfUy via IFTTT
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PSBs see up to Rs 30,000 crore in foreign inflows if investment cap raised to 49%

Public sector banks have told the government that raising the foreign investment cap to 49% from 20% could attract passive foreign inflows of Rs 30,000 crore or more. SBI alone could draw around Rs 20,000 crore as its weightage in the MSCI India index potentially rises, lenders have projected. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jzk3WRE via IFTTT
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IFC extends $150 million credit line to SBI in first investment in an Indian state-owned bank

The International Finance Corporation has extended a $150 million social loan to State Bank of India to support agricultural financing for around 864,000 rural women. The IFC has also executed its first domestic cross-currency swap with an Indian bank, making SBI its first local swap counterparty in South Asia. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YpOFQlj via IFTTT
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RBI approves Balaji Nuthalapadi as interim CEO of Equitas SFB

Balaji Nuthalapadi is appointed as the interim chief executive officer at Equitas Small Finance Bank. He will serve a period of three months starting from November 6. This appointment follows the immediate relief of outgoing CEO PN Vasudevan, who requested his departure. The bank board accepted his request and made the appointment swiftly. This transition reflects a significant change in the bank's leadership structure. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/retTxDY via IFTTT
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CCI approves Kotak Mahindra Bank's acquisition of Deutsche Bank's India retail banking business

Kotak Mahindra Bank Limited has received approval from the Competition Commission of India for its acquisition. This acquisition involves Deutsche Bank AG's retail, private banking, and wealth management businesses in India. The deal includes significant assets like loans and deposits, benefiting around 150,000 customers. Additionally, a referral arrangement will be established between both banks through their affiliates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/nWYkTBQ via IFTTT
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SBI targets 14-15 pc credit growth, govt may revisit LTCG tax amid FPI outflows: Chairman CS Setty

Speaking exclusively to following the bank's Q2 FY27 financial results presentation, Setty expressed confidence in sustaining credit growth despite concerns over rising borrowing costs and competition for deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/f3KZzyR via IFTTT
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