Page 10 - Banking Sector

RBI circular overhang weighs on the HDB Financial Services valuation

IPO valuations likely to be $7.2 bn, down from $10 bn eyed earlier

94 candidates apply for six executive director positions in PSBs

FSIB likely to hold interviews month-end

Blackstone's ASK to hire 70 bankers amid surge in India's wealth sector

ASK's private wealth unit aims to have 175 bankers by the end of March next year, up from about 105 now, Rajesh Saluja, chief executive officer and co-founder of the business said

Supervisory Data Quality Index of commercial banks improves in March: RBI

Supervisory Data Quality Index of commercial banks has improved to 89.3 in March 2025 compared to 88.6 in the year-ago period, the Reserve Bank said on Wednesday. The RBI has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the accuracy, timeliness, completeness and consistency in various key financial parameters, including bad loans, asset-liability and capital adequacy. The index will help the regulator to assess the financial health of commercial banks, including small finance banks. "The sDQI score of Scheduled Commercial Banks (SCBs) has improved in March 2025 as compared to March 2024," it said. The sDQI for SCBs covers 87 SCBs and their key returns, including return on asset liability and off-balance sheet exposures, return on asset quality, return on operating results, risk-based supervision return (RBS), and liquidity return. The entity-level sDQI score is arrived at by aggregating the scores for Accuracy, Completeness, Timeliness and

K Ramachandran appointed part-time chairman of Tamilnad Mercantile Bank

TMB board appoints veteran banker K Ramachandran as Additional Director for three years and clears his name for part-time chairman, pending RBI approval

SBI hires 505 probationary officers to strengthen process, delivery

State Bank of India (SBI) on Friday said it has hired 505 Probationary Officers (POs) to strengthen its process and delivery across the country. The recruitment aimed to fill vacancies across the country, makes it one of the significant hiring efforts in the industry in junior management grade, SBI said in a statement. These officers will have immense opportunities to work in diverse areas such as banking operations, corporate credit, agri-business, wealth management, treasury operations, banking compliance and regulations and many other verticals along with an opportunity to be posted at foreign branches/offices, it said. The bank provides a career path to these officers to reach to the top management including the highest position, it said. Speaking on the announcement, SBI Chairman C S Setty, said the bank's total recruitment across categories is about 18,000 people, out of which around 13,500 will be clerical recruitment, 3,000 will be probationary officers and local-based ...

Mizuho on verge of buying majority stake in investment bank Avendus

Executives are hammering out details of a transaction that could be finalised as soon as this month and value Avendus at about $800 million

The goal is a solid bank with tight credit, governance: Jana SFB MD & CEO

Jana Small Finance Bank's Managing Director and Chief Executive Officer discusses the bank's future plans and growth strategy

Things 'should soon settle down': RBI on IndusInd Bank's measures

RBI says it is satisfied with IndusInd Bank's accounting clean-up post derivatives irregularities but stresses it will act if necessary and has sharpened supervision tools

Uco Bank plans to raise ₹2,700 cr in FY26 via QIP in tranches: MD & CEO

In Q4 FY25, we recovered around Rs 1,666 crore, taking the total recovery for the full year to Rs 4,400 crore, Ashwani Kumar said

Indusind Bank board under scrutiny following Sebi's ex-parte interim order

Indusind Bank chairman Sunil Mehta commits to addressing board accountability after Sebi's order highlighted accounting discrepancies and senior management awareness

IndusInd Bank board speeds up CEO search as RBI's deadline nears

IndusInd Bank's board is rushing to submit CEO candidates to the Reserve Bank of India before the June 30 deadline following top executives' resignations over accounting lapses

Private banks see steepest fall in credit growth to 9.5% in FY25: RBI

RBI data shows private banks led credit slowdown in FY25, while retail loans grew faster than overall credit and savings deposit share continued to decline

CA Basque loses right to nominate director on bank's board, says Yes Bank

Carlyle affiliate trims Yes Bank stake to 4.22% via ₹1,774.89 crore block deals and loses board nomination right; senior resignations and strategic restructuring continue

Banks' asset quality to be stable amid global uncertainty: Moody's

Moody's expects Indian banks to maintain asset quality despite global economic tensions, with NPAs remaining in the 2-3 per cent range over the next 12 months

UCO Bank appoints Sumit Khandelwal as new chief financial officer

State-run UCO Bank has appointed Sumit Khandelwal as its new chief financial officer (CFO) with immediate effect, according to a regulatory filing. Khandelwal, who previously served as the general manager and the zonal head of the bank's New Delhi zone, replaces Sujoy Dutta as CFO. The 48-year-old banker holds bachelor's degrees in commerce and in law. He is also a qualified chartered accountant, cost accountant, and a certified associate of the Indian Institute of Banking and Finance (CAIIB), according to the filing. Khandelwal brings over 15 years of diverse banking experience, having served across multiple corporate branches, zones, and departments within the bank, it added.

June 2025 bank holidays: Keep your banking on track with these dates

Check out the dates and tips to keep your banking smooth with digital services, even when branches are closed

Kotak Mahindra Bank's Deputy MD Shanti Ekambaram to retire in October

Paritosh Kashyap, Group president and business head, Wholesale Banking Group, will be appointed as the whole-time director (executive director) and key managerial personnel

RBI to continue with supervisory measures for early risk identification

The Reserve Bank on Thursday affirmed its commitment to continue with its supervisory measures aimed at early identification of risks and vulnerabilities. The central bank would also focus on enhancing cyber resilience and capabilities of Supervised Entities (SEs) by implementing the recommendations of the inter-regulatory Working Group, which has uniform baseline cybersecurity guidelines for financial entities, it said in its annual report. It can be noted that over the last two-three years, the RBI has taken a slew of supervisory actions against entities, including business curtailment actions. "The Reserve Bank would continue with the supervisory initiatives aimed at early identification of risks and vulnerabilities, increasing the focus on the root cause of vulnerabilities, and harmonising the supervisory rigour across various segments of the financial system," the RBI said in its annual report. In the report, the RBI said the Indian banking sector is resilient, but added that

Listed banks post ₹94,228 crore profit in Q4; PSBs lead with 13% rise

Driven by strong public sector bank performance, listed banks saw a 4.4% YoY profit rise in Q4 FY25, despite private banks posting lower profits and muted NIMs