Posts

RBI approves 3-month extension for Fino Payments Bank interim CEO

Fino Payments Bank announced that the Reserve Bank of India has approved a three-month extension for Ketan Merchant as interim CEO. This follows the earlier approval for his appointment after the arrest of MD and CEO Rishi Gupta. Gupta has since taken voluntary retirement. The bank's shares saw a rise on the BSE. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/qC1ca3W via IFTTT
Post a Comment
Read more

RBI tightens norms for re-appointment of directors on UCB boards

The Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Following this, a mandatory three-year cooling-off period is required before re-appointment. This measure aims to prevent directors from circumventing tenure limits. The new directions are effective immediately, ensuring better governance in these financial institutions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/xo7m20u via IFTTT
Post a Comment
Read more

Private banks likely to outperform govt banks in earnings growth over next 2 years: Report

Private banks are set for stronger earnings growth in the coming two years. Loan growth is expected to be similar for both private and public sector banks. However, private lenders will likely see better profits due to stable margins and fewer risks. Public sector banks may face profitability pressures from various factors. Market valuations are considering current banking sector challenges. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Er09qIA via IFTTT
Post a Comment
Read more

Lenders urge RBI for hedging support framework to revive overseas borrowing

Indian banks and companies are asking the Reserve Bank of India for help with offshore debt. High costs to protect against currency changes make borrowing abroad more expensive than at home. This is slowing down foreign fundraising. A new support system could lower these costs. This would help bring more foreign money into India and support its economy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lAChmY0 via IFTTT
Post a Comment
Read more

We are ambitious and working to become a top 5 private bank again: Vinay Tonse, MD & CEO, Yes Bank

Yes Bank is embarking on an ambitious journey to enhance its foundational elements—people, processes, products, and technology. With a keen eye on both corporate and retail sectors, the bank is committed to fostering resilient growth. While it remains vigilant about lending to MSMEs in light of geopolitical uncertainties, there's currently no sign of distress. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mjlB3Jx via IFTTT
Post a Comment
Read more

HDFC Bank backs Hyderabad luxury housing project with Rs 300 crore

HDFC Bank has provided Rs 300 crore in funding for a Rs 2,000 crore ultra-luxury residential project in Hyderabad's Kokapet. This investment highlights a trend of developers seeking structured financing amid moderating sales and strong demand for premium homes, with Hyderabad leading southern India's luxury market. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hgTIWoj via IFTTT
Post a Comment
Read more

PSBs told to draw up plan to boost rural and informal sector lending

Government directs state-run banks to identify successful initiatives for wider adoption. The focus will be on lending to unorganised sectors, marginalised groups, and rural populations. This strategy aims to prevent credit crunches for small borrowers and MSMEs. Discussions will also cover IT updates, loan digitalisation, and risk management. The government seeks to boost credit availability for eligible businesses. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hCNbkmj via IFTTT
Post a Comment
Read more