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Rajat Verma was appointed DBS managing director and head of institutional banking for India last year
Daruwala, who is one of the two female heads of large foreign banks in the country, joined the lender in 2016 as CEO for India
Over the last couple of weeks, banks have made a beeline to raise funds by issuing debt instruments
The share of low-cost money, CASA , in deposits was 31.3% as of September 30, 2022
Starting today (October 3), the banks in some cities will remain closed for the entire week because of festivals
Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals
Retail banking is showing early signs of stress, and growth may well have peaked
With a loan book of $268 billion, India's retail banking is now ahead of Russia, Malaysia and Mexico but behind China, Brazil and Thailand
