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Canara Bank invites bids to sell ₹577-cr Supreme Housing loan

Canara Bank is selling ₹577 crore debt of Supreme Housing and Hospitality. A Swiss challenge auction is planned. The bank has also filed a petition to restart insolvency proceedings. This follows a failed one-time settlement offer by the company. The auction aims to gauge investor interest. Bids are due February 21. An electronic auction is scheduled for March 13. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fiIteSq via IFTTT
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Ethics in banking not a "Soft Theme" but core discipline, says RBI Deputy Governor Swaminathan J

While speaking at the Axis Bank Champions Awards ceremony, the RBI DG said, " the temptation to cut corners, to postpone a difficult disclosure, to take a convenient interpretation, or to treat a complaint as an inconvenience. Ethics is what stops small compromises from becoming large problems. It is not about being perfect. It is about how you handle grey areas, and how fairly and quickly you correct a mistake," he said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eKgEowv via IFTTT
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Tamilnad Mercantile Bank to shift 50% workforce into sales roles in 2 yrs amid tech automation

Tamilnad Mercantile Bank is shifting its focus to boost revenues. Over half its staff will be retrained for sales roles. Technology investments will automate many routine tasks. The bank plans to hire over 200 new employees. This strategic move aims to enhance customer engagement and expand its business segments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/B5fog6M via IFTTT
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Goldman Sachs' India push bears fruit in crowded Wall Street field

Goldman Sachs is significantly increasing its investment in India, shifting from a "future growth story" to a present opportunity. This strategic pivot has already boosted its rankings in Indian equity offerings and mergers, demonstrating a commitment to capturing market share in the world's fastest-growing developing economy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/JRBNyQ0 via IFTTT
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Banks ease pace of hiring as tech, AI shoulder more tasks

Indian banks are slowing hiring due to automation, AI, and digital tools reducing the need for large staff increases. HDFC Bank added 5,000 employees in December 2025, reaching 2,15,000, while Axis Bank and Kotak Mahindra Bank saw declines in headcount. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OqlxLS1 via IFTTT
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FDI flow in banking sector declines from $898 mn in FY23 to $115 mn in FY25

India bank FDI inflows: Total FDI inflow includes equity inflow, equity capital of unincorporated bodies, re-invested earnings, and other capital, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/V6fFwZJ via IFTTT
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Citi India names Ankur Khurana as commercial banking head

Citigroup has appointed Ankur Khurana as the new head of its Commercial Bank in India. This move highlights the US lender's commitment to expanding its commercial banking services across Asia. Khurana brings extensive experience from her previous leadership roles at Standard Chartered and Credit Suisse. Her expertise will be crucial in bolstering Citi's presence and client coverage in the region. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uZTc7aD via IFTTT
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