Ujjivan Small Finance Bank Seeks Universal Banking Licence Ujjivan Small Finance Bank has applied to the Reserve Bank of India (RBI) for a Universal Banking Licence, marking a significant step toward expanding its operations. With this transition, the bank aims to offer a wider range of banking services, such as insurance, mutual funds, and investment…
FSIB Recommends Binod Kumar as MD & CEO of Indian Bank Introduction to the Recommendation The Financial Services Institution Bureau (FSIB) has recommended Binod Kumar for the position of Managing Director (MD) and Chief Executive Officer (CEO) of Indian Bank. This decision comes as part of the FSIB’s critical mandate to select leadership for public…
Canara Bank Aims for ₹60,000 Crore Recovery in H2 FY25 Introduction to Canara Bank’s Recovery TargetCanara Bank, one of India’s largest public sector banks, has set an ambitious target to recover ₹60,000 crore in the second half of the fiscal year 2024-25 (H2 FY25). This strategic initiative is part of the bank’s broader objective to…
JP Morgan Chase India Appoints Pranav Chawda as New CEO In a significant leadership change, JP Morgan Chase India has appointed Pranav Chawda as the new Chief Executive Officer (CEO). This appointment reflects the bank’s commitment to strengthening its leadership team in one of the world’s fastest-growing markets. Chawda takes over from Ashok Varadhan, who…
IndusInd Bank Reappoints Sumant Kathpalia as MD & CEO Introduction to the Reappointment IndusInd Bank has officially reappointed Sumant Kathpalia as its Managing Director and Chief Executive Officer (MD & CEO) for a period of three years, starting from October 1, 2024. This decision, ratified by the Reserve Bank of India (RBI), is a significant…
Government Appoints Challa Sreenivasulu Setty as SBI Chairman Appointment of Challa Sreenivasulu Setty The Indian government has appointed Challa Sreenivasulu Setty as the new Chairman of the State Bank of India (SBI), the country’s largest public sector bank. This significant appointment is expected to steer SBI through its future growth phases and address challenges in…
HSBC Appoints Insider Georges Elhedery as CEO Introduction HSBC, one of the world’s largest banking and financial services organizations, has announced the appointment of Georges Elhedery as its new Chief Executive Officer. This significant leadership change is expected to drive the bank’s strategic goals and enhance its global operations. Who is Georges Elhedery? Georges Elhedery,…
RBI Approves Govind Singh’s Re-appointment as MD & CEO of Utkarsh SFB Introduction The Reserve Bank of India (RBI) has granted approval for the re-appointment of Govind Singh as the Managing Director (MD) and Chief Executive Officer (CEO) of Utkarsh Small Finance Bank (SFB). This decision underscores the RBI’s confidence in Singh’s leadership and the…
Axis Bank Acquires Additional Stake in Max Life Insurance for ₹336 Crore Board Approval Axis Bank’s Board of Directors, through its Acquisitions, Divestments, and Merger Committee, approved the acquisition of an additional stake in Max Life Insurance. The proposal, approved on June 19, 2024, involves an investment of ₹336 crore, increasing Axis Bank’s shareholding in…
RBI Approves Appointment of Pradeep Natarajan as IDFC FIRST Bank’s Whole Time Director The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as the Whole Time Director of IDFC FIRST Bank. This significant development comes as the bank continues to bolster its leadership team, aiming for enhanced growth and performance. Appointment…
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