R Subramaniakumar was initially appointed for a period of three years as MD and CEO of the bank in June 2022
Last week, reports suggested that Irdai is likely to bring in regulations to limit the overdependence of life insurance companies on their parent banks for business sources through bank channels
RCap subsidiaries to get listed by mid-2026, 2027
NARCL's anchor bid has triggered a Swiss challenge auction
Nomura economists have suggested that they expect a 25 bps rate cut in February, marking a belated policy pivot, and 100 bps in total cuts in this easing cycle
Indian banks have a healthy return on equity (ROE) rate of 15 to 20 per cent, which is sufficient for the sector to grow and meet the capital requirements to 'bulk up'
PNB looking to raise Rs 3,000 cr through tier-II bonds
Data shows outstanding deposits in the fortnight ending November 29 stood at Rs 220.17 trillion, while outstanding credit stood at Rs 175.09 trillion
Still much work to be done on financial inclusion: Malhotra
RBI Governor Shaktikanta Das, who will demit office later today, thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their guidance and encouragement
Malhotra takes over the reins of the RBI at a time when growth in the domestic economy has fallen to a seven-quarter low
The pace of the country's economic growth moderated sharply in the second quarter ended September 2024
RBI became stronger, surer under Shaktikanta Das
DME Development issues its first green bond
Bank has invited expressions of interest from entities interested in submitting counter bids for the asset on full cash basis
Deposit rates may start easing
An FCNR (B) account lets customers maintain a fixed deposit in India in freely convertible foreign currencies for a tenure ranging from one to five years
Step will 'further deepen financial inclusion and enhance formal credit', says central bank
Spends are 20% higher than traditional cards
To improve governance, customer services says experts