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Yes Bank launches exclusive salary account for women

Yes Bank has launched a new salary account for working women. The 'YES Essence Women's Salary Account' offers financial protection, healthcare, and lifestyle benefits. Features include a free locker, health cover, and cashback on a debit card. This initiative supports women's financial and lifestyle needs. The bank also recently detected unauthorized transactions on its forex cards. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pPKjdXI via IFTTT
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IndusInd Bank treasury head set to exit, sources say

IndusInd Bank's treasury head Siddharth Banerjee will step down in April. This marks another senior leadership change at the bank. Banerjee has led the global markets group since 2020. The bank has seen several top leadership exits recently. This follows a significant quarterly loss reported last year. Recruitment continues as the bank restructures its management. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VWaK8lS via IFTTT
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CD ratio at 82.5%, banks step up short-term borrowings

To bridge the gap, banks turned to short-term borrowings, issuing Rs 1.34 lakh crore worth of certificates of deposit (CDs) - the highest ever for any two-week period - underscoring their continued reliance on market funding to sustain loan growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8MXH0c6 via IFTTT
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Pvt lenders to log higher liquidity coverage ratios gains on wholesale deposits

New banking rules starting April 1 will boost liquidity coverage ratios for banks holding more wholesale deposits. Private lenders are set to benefit more as certain wholesale deposits will attract lower run-off factors. This change is expected to improve the overall LCR for banks. Public sector banks may see a smaller advantage from these adjustments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZVrvxp6 via IFTTT
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RBI tightens rules on NBFC lending to defaulting borrowers; seeks board-approved policy

The Reserve Bank of India is scrutinizing shadow banks. Several non-banking finance companies face questions regarding their policy on lending to borrowers with existing defaults. The central bank insists on a board-approved policy to justify new loans to such customers. This move aims to prevent evergreening and ensure transparency in lending practices. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ctIJOLW via IFTTT
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Banks seek clarity on study loans for GIFT City campus

Banks are asking the government for clear rules on education loans for students at foreign universities in GIFT City. These courses are completed in India, but loans are treated as 'studies abroad'. Lenders want to update the education loan scheme. This includes removing visa requirements for loan approval. The issue was discussed internally and flagged to the government. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zIdjST3 via IFTTT
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Fino Payments Bank says it's focused on SFB transition

Fino Payments Bank's interim head Ketan Merchant stated the arrest of CEO Rishi Gupta will not affect the bank's transition to a small finance bank. He confirmed no abnormal impact on deposits. The issue involves program managers linked to the real money gaming business. The bank continues proactive engagement with the RBI. Customer balances and business volumes remain stable. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4SeA0oW via IFTTT
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