We have 18-20 per cent market share in Kerala, which is a huge regional strength, and now we want it to be a more nationally-recognised bank, says Federal Bank MD
The top priorities for the new board could include decisions on how Unified Payments Interface (UPI) is incentivised in the future
According to a report by credit bureau CRIF, disbursements rose 12.2 per cent sequentially to ₹71,580 crore, but were down 38 per cent year-on-year (Y-o-Y) from ₹1.15 trillion
RBI revises CRB range to 4.5-7.5% under updated ECF, giving it flexibility to manage surplus transfers and avoid large fiscal shocks in volatile conditions
Nimal Jain shared the lender's strategies and growth plans for 2025-26 (FY26)
Balance-level delinquencies are measured as 90 to 720 days past due and classified as sub-standard
RBI governor, as chair of the board, will have casting vote
Shares of the lender closed 1.82 per cent higher on the BSE on Tuesday, despite trading in the red in the early session
Bank books record quarterly loss after flagging accounting lapses, microfinance misreporting, and suspected fraud; FY25 profit falls 71 per cent to Rs 2,575 crore
Bank expects to propose CEO names much ahead of June 30 deadline
Derivative portfolio losses and MFI income discrepancies may result in a Rs 200 crore Q4FY25 net loss and a structural hit to core margins, say analysts
Shareholders approve fund infusion by Warburg and ADIA but reject proposal allowing Currant Sea Investments to nominate a non-executive director to the bank's board
ICICI Bank may not increase its workforce in FY26 despite adding branches, as it focuses on realignment, efficiency and digitisation, says Macquarie conference note
The RBI has proposed capping investment by regulated entities in AIF schemes at 15%, with a 10% ceiling per entity, while also allowing exemptions for strategic funds
A special resolution to allow Warburg Pincus affiliate Currant Sea Investments to nominate a non-executive director failed to get the required 75% shareholder approval
The special resolution received 64.1 per cent of the votes, falling short of the required 75 per cent threshold for it to pass
Strong demand, easing inflation, and RBI's expected rate cuts help IRFC raise ₹3,000 crore through five-year bonds at the lowest ever cut-off yield of 6.65 per cent
IAD also flags ₹595 crore of unsubstantiated balances in "other assets", as whistleblower complaint prompts deep dive into IndusInd Bank's microfinance portfolio
RBI board reviews Economic Capital Framework as part of five-year cycle, with FY25 surplus transfer expected to set a new record amid strong balance sheet gains
MD & CEO Mohanty's term ends next month