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Articles for Banking & Finance

RBI Requests Federal Bank For New CEO Candidates

Earlier, on 6 October 2023, the bank had requested a one-year extension for Shyam Srinivasan, whose current three-year term as MD & CEO concludes on 22 September 2024

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Banks’ Spreads Hit 9-year Low, Will Impact NIM: CareEdge Ratings

The spread of scheduled commercial banks (SCBs) between the weighted average lending rate (WALR) and weighted average domestic term deposit rate (WADTDR) stood at 3.00 per cent and 2.99 per cent for Fresh and Outstanding rates, respectively in November 2023

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RBI Updates Definition Of Politically-exposed Persons In KYC Guidelines

The alterations in the RBI's Know Your Customer (KYC) regulations aim to provide clarity

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Indian State Banks Eye Equity Fundraising As Perpetual Bonds Lose Appeal

The Securities Exchange Board of India declared in March 2021 that additional Tier 1 bonds would be treated as having a maturity of 100 years, starting April 2023

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PhonePe Appoints Ritesh Pai As CEO For International Payments Division

Ritesh Pai was previously the President of Products and Solutions at TerraPay, overseeing the global launch and implementation of payment solutions

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Companies Innovate To Aid Customer Long-term Financial Goals: Bajaj Allianz Life's Dheeraj Sehgal

In an interview with BW Businessworld, Dheeraj Sehgal, Chief Distribution Officer, Institutional Business, Bajaj Allianz Life, expectations for 2024, trends, technology and more

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Securitisation Modestly Declines To Rs 38,000 Cr In Q3 FY24: Icra

The Reserve Bank of India’s (RBI) move to increase the capital requirements of lending institutions towards consumer credit and expectations of fall in interest rates in the near term hit the growth of securitisation volumes in Q3 FY24

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HDFC Bank's YoY Q3 Advances Surge By 62%

Internally categorised, domestic retail loans expanded by roughly 111 per cent since 31 December 2022 and about 3 per cent since 30 September 2023

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