All Banking & Crypto Related Details

CMS Info Systems is acquiring Financial Software and Systems' managed services business for Rs 115 crore. This move will significantly boost CMS' ATM management capabilities. The deal is expected to add 8,000 ATMs to CMS' existing portfolio. This acquisition strengthens CMS' position in the end-to-end ATM management sector. It also brings new private sector banking relationships into the fold. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oObngZ0 via IFTTT

Banks have requested the Reserve Bank of India to review its new $100 million cap on foreign exchange positions. The current limit could cause significant losses and force banks to unwind trades. Bankers are seeking relief before Monday's market opening to avoid substantial mark-to-market losses. The RBI's decision aims to curb the rupee's sharp fall. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/B3Qshg4 via IFTTT

ICICI Bank CEO Sandeep Bakhshi was honored at XLRI's convocation. He spoke about India's growth fueled by people and technology. Graduates were urged to learn continuously and lead with purpose. Tata Steel CEO T V Narendran stressed the importance of global awareness and human skills. XLRI celebrated 530 graduates, encouraging them to build an inclusive society. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hJu3C4x via IFTTT

Doha Bank is exiting its branch operations in India. The Qatari bank will close its Mumbai and Kochi branches after more than a decade. It will now operate solely through a representative office in the country. This strategic shift was approved by the bank's board of directors. Doha Bank had launched its India operations in June 2014. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/plozLMO via IFTTT

Arijit Basu is the new part-time chairman of IndusInd Bank. Shareholders have approved his appointment. Basu has a strong background in banking. He previously chaired HDB Financial Services. He also held leadership roles at State Bank of India and SBI Life Insurance. Sunil Mehta will step down as chairman on January 30. The bank thanked Mehta for his service. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z3Am0vN via IFTTT

Banks' deposit growth is significantly trailing credit growth, with the gap widening to 300 basis points as of March 15. Deposits grew 10.8% year-on-year, while advances rose 13.8%. This has pushed the credit-deposit ratio above 83% for the first time, signaling increased liquidity risk for banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2Gomj1O via IFTTT