State Bank of India is planning to make it mandatory for builders to make rooftop solar installations if the project is funded from our green funds, managing director Ashwini Kumar Tewari said.
Most of branch expansion in FY24 will be in Tamil Nadu, followed by Karnataka, Andhra Pradesh and Telangana as these states have large concentration of small businesses.
Retail inflation eases to 6.83% in August after touching a 15-month high of 7.44% in July, mainly due to softening prices of vegetables.
RBI says it will gradually phase out incremental cash reserve ratio, a liquidity-draining out measure which required banks to park an additional 10% of their fresh deposits with the central bank.
After launching public tech platform for frictionless credit delivery, RBI mulls handing it over to a private company as it did with NPCI.
The asset valuer will have to conduct a valuation of IDBI Bank’s assets and provide assistance in the sale process of the lender.
With its instant settlement feature, CBDCs can play an important role in making cross-border payments cheaper, faster and more secure, RBI Governor Shaktikanta Das said.
Large-scale demand for housing pushes bank credit to real estate sector to annual growth of 38% in July, as per RBI data.
As part of sequencing of three top-level departures, Uday Kotak resigns as MD and CEO of Kotak Mahindra Bank four months ahead of RBI’s deadline.
Uday Kotak narrates his 38-year journey since institution was founded with three employees in Fort, Mumbai. Here is full text of his resignation letter.
The Kotak Mahindra group, founded by Uday Kotak in 1985, began its financial services journey with a bill discounting business in 1985. Here is the growth story of Kotak Mahindra Bank.
Government and IBA are sticking to hard stance of not revising old pension scheme for bank employees despite corpus for it rising and roll count falling, says Raghavan.
There are enough indicative trends to show that RBI is most unlikely to go for an interest-rate cut in the current financial year.
Bankers say RBI’s move to hike incremental CRR to 10% will be an opportunity loss to banks; impact of few basis points to be felt on short-term rates in bond markets.
HDFC Bank CEO Sashidhar Jagdishan speaks of funding risk, impact on NIM and growth opportunities; says bank’s philosophy has always been not to compromise growth for profitability.
