With over 1,300 deaths and rising Covid infections, a fear psychosis is gripping the banking fraternity. Even the life of a bank clerk who is blind has changed. Forever.
-5412x3613.jpg)
More than 1,000 bankers have succumbed to the coronavirus across the country as banks remained open to provide uninterrupted service to customers. In this tough phase of fight against the pandemic, bank chiefs have struggled to keep their staff motivated and safe while securing growth in profits.
In an interview with Indianbankingnews.com’s Editor Manju AB, Bank of Maharashtra managing director and CEO AS Rajeev talks about the devastating impact Covid has had, the number of casualties it has left behind and the efforts he has made to stem the tide from his head office in Pune. Here are edited excerpts from the conversation.
Kotak Mahindra Bank lost 17 employees due to Covid in a month’s time; saving lives scores over everything else, says Uday Kotak.
Buoyed by digitisation drive, ICICI Bank posts double-digit growth in all segments of retail book in Q4; corporate loan book also performs with a well-rated asset book.
As part of plan to become pan India franchise, CSB Bank will add branches outside Kerala; posts record profit of Rs 218 cr in FY21.
HDFC Bank may take longer time than anticipated to be able to source new credit card customers as it struggles to sort out technical issues to convince RBI of lifting ban on launch of its digital 2.0 initiatives.
Axis Bank to load its customers with higher charges on certain services while increasing minimum monthly balance requirement in savings bank accounts.
Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, gives in-principle nod for strategic disinvestment along with transfer of management control in IDBI Bank; trade unions to protest.
Barely a month on, SBI has gone back to its old home loan interest rates after hiking it by 25 basis points to 6.95%. Why has it cut rates?