Shyam Srinivasan, MD & CEO, Federal Bank, says the bank has been growing 18-20% per annum roughly for the last few years. Economy is expected to grow between 7% and 7.5% for the next few years. Normally banking credit grows 2x of economic growth. It is quite possible that India’s credit will grow between 13% … Read more
Mumbai: Ashok Vaswani on Monday took over as the managing director (MD) and CEO of Kotak Mahindra Bank, succeeding Dipak Gupta, who served as interim MD and CEO after founder director Uday Kotak stepped down on September 2, 2023. Vaswani, 62, will have a term of three years. Vaswani, a seasoned banker with experience at … Read more
The Reserve Bank of India (RBI) has voiced its concerns over elevated levels of gross non-performing assets (NPAs) in urban cooperative banks, although profitability indicators have improved. It has called for a further strengthening of governance standards and risk management practices among other things in its assessment of the sector in the Report on Trend … Read more