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IDBI stake sale: Kotak Mahindra, Fairfax to submit financial bids

IDBI Bank stake sale: The reserve price will be decided after receipt of the financial bids and before they are opened, said the people cited. This will only be known to a small group of government officials, they said. The reserve price will not be disclosed to the bidders, according to them. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/varjt9V via IFTTT
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SBI raises $1 billion from MUFG via social loan

State Bank of India has secured a significant $1 billion loan from Japan's MUFG. This marks the first social loan of its kind for an Indian bank. The funds are earmarked for lending to women and women-led businesses. This initiative aims to boost women's economic empowerment and promote gender equality. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Q5ZXW9P via IFTTT
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Kotak Mahindra Bank's hiring spree means jobs for 500 engineers as it eyes ginger and cardamom in chai

Kotak Mahindra Bank is significantly expanding its technology team, aiming to hire 500 engineers. This move aims to enhance its long-term competitiveness by transforming into a technology company with a banking license. The bank is investing heavily in AI and automation to improve services and efficiency. This strategic push is set to redefine its operational landscape. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gDo8uQ2 via IFTTT
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Vinay Tonse's appointment hints at a cautious approach at Yes Bank

YES Bank has appointed Vinay Tonse as its new Managing Director. This move signals a measured leadership approach by its new promoter, Sumitomo Mitsui Banking Corporation. Experts believe this choice prioritizes continuity and operational familiarity. Tonse faces the task of boosting loan growth and increasing low-cost deposits. The bank's assets, deposits, and advances have seen growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9LRZ4oN via IFTTT
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RBI's box-checking is old for new-age frauds, big shift on way for bank supervision

The Reserve Bank of India is considering a significant overhaul of its lender supervision, moving beyond traditional ratio analysis to a deeper examination of banks' business models. This shift aims to identify risks earlier, especially as India's banking system expands rapidly and digital threats multiply. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Y1qgnXE via IFTTT
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RBI approves Vinay Muralidhar Tonse’s appointment as MD and CEO of Yes Bank

The Reserve Bank of India has approved Vinay Muralidhar Tonse as the new Managing Director and CEO of Yes Bank for a three-year term. Tonse, formerly MD of Retail Business & Operations at SBI, will take over from Prashant Kumar, subject to shareholder approval. This leadership change aims to bolster Yes Bank's growth strategy and operational stability. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5zLcris via IFTTT
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Banks look to get export credit lines ready as US lowers tariff

Banks are poised to reopen credit lines for Indian export sectors following the US's reduction of import tariffs to 18%. This move is expected to quickly revive exports of garments, gems, jewelry, leather, and chemicals, leading to increased demand for bank loans. Public sector banks anticipate leading this export credit rebound in the coming quarters. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/beDVPfl via IFTTT
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