All Banking & Crypto Related Details

Speaking exclusively to following the bank's Q2 FY27 financial results presentation, Setty expressed confidence in sustaining credit growth despite concerns over rising borrowing costs and competition for deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/f3KZzyR via IFTTT

Kotak Mahindra Bank Limited has received approval from the Competition Commission of India for its acquisition. This acquisition involves Deutsche Bank AG's retail, private banking, and wealth management businesses in India. The deal includes significant assets like loans and deposits, benefiting around 150,000 customers. Additionally, a referral arrangement will be established between both banks through their affiliates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/nWYkTBQ via IFTTT

Special Situations team of the Boston based PE group has deployed $1.2 bn in CY26; aims at $1 bn/yr momentum. From funding cross border M&As by India Inc to carve outs or helping promoter’s deleverage their balance sheets, new opportunities are mushrooming. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TDLJwIY via IFTTT

Barclays Bank Plc has infused over ₹1,500 crore (£125 million) into its Indian operations, marking its third capital infusion in five years. The investment will support the growth of its investment banking and private banking businesses in India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7piHgwA via IFTTT

Indian Banks' Association, led by State Bank of India, is developing a strategy for cybersecurity in the AI era. The initiative focuses on improving coordination among banks and facilitating timely information sharing. Increasing digitalization has expanded the potential for cyberattacks, urging immediate measures to mitigate risks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/J9BD3RG via IFTTT

Securities and Exchange Board of India has relaxed Know Your Client requirements for overseas investors. This change enables non-resident Indians, Overseas Citizens of India, and foreign nationals to onboard digitally. Individuals from FATF-compliant countries can now submit KYC details remotely without being in India. Intermediaries are allowed to rely on existing KYC records and conduct video verifications when necessary. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/MCV0Fit via IFTTT