RBI directs banks to ensure 2 whole-time directors on boards
The latest RBI order will help facilitate succession planning with respect to tenure and upper age limit for MD & CEO positions
banking sector
October 2023
September 2023
July 2023
May 2023
April 2023
March 2023
December 2022
RBI nod to Dipak Gupta's appointment as Kotak Mahindra Bank interim CEO
Gupta has been serving as a full-time director of the bank since January 1999 and has been designated as the joint MD since January 1, 2022.
Uday Kotak, finally, declares his innings
Asia’s richest private banker steps down from his executive role at the country's third-largest private bank
Uday Kotak resigns as MD & CEO of Kotak Mahindra Bank; Dipak Gupta takes interim charge
In his resignation letter, Uday Kotak says he mulled over the decision for some time and believes this is the right thing for the institution
Yes Bank profit rises 10.3% YoY to ₹342.5 cr in Q1 of FY24
In the Q1 of FY24, the bank's total income stood at ₹7,584.3 crore, witnessing a growth of 29.7% year-on-year, as against ₹5,876 crore in the same period of the corresponding year.
Governance gaps in some banks may make banking sector volatile: Shaktikanta Das
While these gaps have been mitigated, it is necessary that boards and the managements do not allow such gaps to creep in, says RBI governor
Axis Bank posts net loss of ₹5,728 crore in Q4 on Citi Bank deal
The bank posted a profit of ₹4,117.77 crore in the same period last year. In the December quarter of FY23, the bank’s profit stood at ₹5,583.07 crore.
India's growth may benefit from implementation of reform agenda: World Bank
Addressing the aftermath of financial sector distress could unlock significant growth, says World Bank.
Bank Credit in a Sweet Spot
As credit offtake improves due to growing corporate interest and optimism around GDP growth, the banking sector is set to reap the riches.
IIFL MF launches India's first tax-saver index fund
Index ELSS will provide investors with the dual advantage of earning passive returns from equity as well as availing 80C benefits on investments up to Rs 1,50,000.
