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Axis Bank CFO Puneet Sharma resigns to pursue new opportunities

Axis Bank's Chief Financial Officer, Puneet Sharma, has resigned to pursue new professional opportunities. Sharma, who has been with the bank since March 2020, will step down on August 31. He previously held significant roles at Tata Capital and Citibank. The bank expressed gratitude for his contributions and wished him well for the future. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jZiP9lN via IFTTT
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Some Indian banks poised for interest margin gains as short-term funding costs fall

Indian banks are poised for improved interest margins this quarter, thanks to the Reserve Bank of India's liquidity-boosting measures. These initiatives are driving down the cost of short-term funding, with certificate of deposit rates already seeing significant drops. Experts anticipate further easing, suggesting banks can now secure funds more affordably, directly benefiting their profitability and allowing for cheaper refinancing of existing debts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/u4ZeLrs via IFTTT
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7 benefits of having a high-interest savings account

Unlock better returns on your savings with high-interest accounts, offering more than just secure fund storage. These accounts provide easy access to your money, making them ideal for emergency funds and short-term goals. Benefit from convenient digital banking features and cultivate stronger saving habits. Discover how these accounts can boost your financial discipline and help your money grow efficiently. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/cYXksHC via IFTTT
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HDFC Bank likely to reappoint Sashidhar Jagdishan as CEO for third term

HDFC Bank's board is poised to reappoint Sashidhar Jagdishan as MD & CEO for a third term following external legal reviews clearing the bank of concerns raised by a former chairman. While the board and Macquarie Capital support Jagdishan, the RBI's approval remains crucial, with analysts noting the regulator may consider broader factors. The bank's elevated loan-to-deposit ratio, a post-merger challenge, is also a point of consideration. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EwOqlUt via IFTTT
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My resignation a call of conscience, not an allegation requiring legal review: HDF​C's Atanu Chakraborty

Former HDFC Bank Chairman Atanu Chakraborty refutes the bank's claim of non-cooperation with an external legal review post his resignation. He asserts he repeatedly sought the review's terms of reference and legal basis but received neither. Chakraborty describes his resignation as a "call of conscience" for board introspection, deeming the external inquiry "superfluous" and an "exercise in futility." from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fRhlus8 via IFTTT
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Ashok Vaswani to step down as Kotak Mahindra Bank MD & CEO; bank begins search for successor

In a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 2026, opting not to pursue reappointment for personal reasons. The bank, recognized as India's fourth-largest private lender, is now actively seeking a new leader to chart its path ahead. This transition will undoubtedly redefine the bank's direction as it enters a new era. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/aYFCRGy via IFTTT
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HDFC Bank case: Ex-Chairman Atanu Chakraborty questions external legal review, calls it "superfluous"

Former HDFC Bank chairman Atanu Chakraborty has questioned the necessity of an external legal review into his resignation, stating the bank never clarified the investigation's scope or legal basis. He declined to participate, citing a lack of response to his requests for terms of reference. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/JkIAdB3 via IFTTT
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