Kotak to grow retail unsecured portfolio to double digit share over 12 - 18 months: CEO Ashok Vaswani

Kotak Mahindra Bank aims to lift its unsecured retail book to double digit, currently around 9.2 per cent of total advances, after shrinking exposure ...

Will RBI's proposed M&A financing rules ignite a surge in domestic deal-making?

The entry of banks into the M&A financing space introduces increased competition, potentially leading to more favorable lending terms for borrowers, w...

Why banks are struggling with same-day cheque clearance

A major hurdle stems from technical integration issues. Banks have struggled to sync their software systems with the central clearing infrastructure, ...

DFC, Bandhan among top bank and financial stocks showing strong growth signals

Strong retail deposit bases and fee generation are driving potential rerating, with Bandhan Bank, HDFC Bank, ICICI Bank, and Axis Bank emerging as pro...

SMBC to share its global learning with Yes Bank, help raise the bar: CEO

Toru Nakashima, the global CEO of Sumitomo Mitsui Banking Corporation, recently engaged with employees at Yes Bank, emphasizing his commitment to thei...

SBI to hire 3,500 officers in next 5 months to drive business growth

State Bank of India is set to recruit approximately 3,500 officers to strengthen its operations. The bank is also focusing on increasing its women wor...

Kotak Mahindra Bank Q2 Results: Net profit falls 3% to Rs 3,253 crore, NII up 4% at Rs 7,311 crore

Kotak Mahindra Bank Q2 Results: Kotak Mahindra Bank on Saturday, October 25, reported a 2.7% year-on-year decline in its standalone net profit for the...

Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

IndusInd Bank's former deputy chief has deposited 50% of the alleged insider trading gains with India's markets regulator, BSE said on Friday.

RBI approves reappointment of C S Rajan as Kotak Mahindra Bank's part-time Chairman

Rajan has been serving as Part-Time Chairman since January 1, 2024, following his appointment as an Independent Director on the Bank's Board in Octobe...

LIC says made investments in Adani firms independently, after detailed due diligence

"Department of Financial Services (in the Union Finance Ministry) or any other body does not have any role in such (investment) decisions," LIC said i...

LIC refutes Washington Post report on $3.9 bn Adani investment

Life Insurance Corporation of India (LIC) has vehemently denied a Washington Post report alleging government pressure to invest $3.9 billion in Adani ...

Noel Tata, others unlikely to okay Mehli Mistry's renewal

Tata Trusts trustees Noel Tata, Venu Srinivasan, and Vijay Singh may not approve Mehli Mistry's reappointment. Mistry's term ends soon, and a renewal ...

ULI is to credit what UPI is to paymentsAnd India is ready for it

Unified Payments Interface (UPI) has transformed India's financial backdrop, changing the way millions transact daily. The Reserve Bank of India (RBI...

HDFC Pension aims to double its subscriber base in next few years: MD & CEO Sriram Iyer

These plans are part of its ambitious growth strategy.

Gold records first weekly loss after nine-week surge

Gold ended a nine-week winning streak this week, with a sharp correction as the market reassessed a rally that had pushed prices into overbought terri...

Sebi says mutual funds can't take part in pre-IPO placements

The Securities and Exchange Board of India has issued a directive. Mutual funds can no longer invest in pre-IPO share placements. They are now restric...

Global central banks cut US T-bill exposure, increase gold reserves

Global central banks are reducing US Treasury holdings and increasing gold reserves. India's gold reserves surpassed $100 billion. Gold prices experie...

Indian economy predicted to grow at a faster-than-expected 6.7% this fiscal year: Reuters poll

INDIA-ECONOMY-Indian economy predicted to grow at a faster-than-expected 6.7% this fiscal year:poll

Indian IT sees pockets of H2 recovery in US, EU as BFSI revs up

Emerging from the shadows, India's IT sector is experiencing resurgence, driven by a flourishing BFSI environment in North America and Europe. While d...