Amitabh Chaudhry Re-Appointed as MD and CEO of Axis Bank by RBI Introduction to Amitabh Chaudhry’s Re-Appointment In a significant development for the banking sector, the Reserve Bank of India (RBI) has re-appointed Amitabh Chaudhry as the Managing Director and Chief Executive Officer (MD & CEO) of Axis Bank. This decision underscores the confidence placed…
RBI Projects Further Moderation in Bank NPAs to 2.5% Introduction The Reserve Bank of India (RBI) has projected a further decline in Non-Performing Assets (NPAs) in Indian banks, predicting a moderation to 2.5% by March 2024. This projection highlights a significant improvement in the health of the banking sector, which is crucial for economic stability…
FSIB Recommendations for SBI and Indian Bank MD Appointments The Financial Sector Regulatory Appointment Search Committee (FSIB) has recently made significant recommendations regarding the appointment of Managing Directors (MDs) at State Bank of India (SBI) and Indian Bank. This move comes amidst a crucial juncture in the banking sector, where leadership decisions hold immense importance….
HDFC Bank Receives RBI Approval for Stake Acquisition in Six Banks In a significant development for the banking sector, HDFC Bank has recently obtained approval from the Reserve Bank of India (RBI) for its proposed stake acquisition in six prominent banks. This move is poised to have far-reaching implications, especially for aspirants preparing for government…
Uday Kotak Resigns as Kotak Mahindra Bank MD & CEO, Dipak Gupta Takes Interim Charge In a significant development in the banking sector, Uday Kotak, the Managing Director and Chief Executive Officer (MD & CEO) of Kotak Mahindra Bank, has resigned from his position. This move has raised eyebrows and garnered attention not only in…
State Bank of India Appoints Kameshwar Rao Kodavanti as CFO The State Bank of India (SBI), the country’s largest public sector bank, recently made a significant appointment, naming Kameshwar Rao Kodavanti as its new Chief Financial Officer (CFO). The decision comes at a crucial time for the banking sector, and this move has drawn attention…
SBI Presents Record-Breaking Dividend Cheque of Rs. 5,740 Crore to Finance Minister SBI Presents Record-Breaking Dividend | The State Bank of India (SBI), the country’s largest public sector bank, recently presented a historic dividend cheque of Rs. 5,740 crore to the Finance Minister. This achievement highlights the bank’s robust financial performance and its contribution to…
RBI Approves Merger of Maratha Co-op Bank with Cosmos Co-op Bank The Reserve Bank of India (RBI) has recently given its approval for the merger of Maratha Co-operative Bank with Cosmos Co-operative Bank. This decision comes as a significant development in the banking sector, with implications for both the banking industry and aspiring candidates preparing…
