Page 7 of Banking and Finance News

IDFC First Bank, banks, market, kotak mahindra bank, banking

Banking made easy for NRIs: IDFC First Bank enables UPI access for NRIs using international mobile numbers

IDFC First Bank’s new feature addresses this gap by enabling NRIs to link their international numbers to their UPI IDs.…

July 3, 2025 16:23 IST

Goldman Sachs to Trim Jobs as AI Reshapes Its Future

Goldman Sachs names Raghav Maliah as global chairman of investment banking, memo shows

A spokesperson for Goldman Sachs confirmed the details outlined in the memo.

July 2, 2025 08:40 IST

Saraswat Co-operative Bank Seeks RBI Approval for 8th Merger, Aims to Absorb Troubled New India Co-operative Bank. (Image Source: Linkedin)

Saraswat Bank proposes acquiring New India Co-operative

Saraswat Co-operative Bank, India’s largest urban cooperative bank, has approached the Reserve Bank of India (RBI) for the amalgamation of…

July 1, 2025 22:29 IST

FM Sitharaman Urges Global Financial Architecture & Credit Rating Reforms for Equitable Development. (Image Source: PTI)

India for reforms in multilateral banks, fairer credit rating systems: FM

Finance Minister Nirmala Sitharaman, speaking at the 4th International Conference on Financing for Development (FFD4) in Seville, Spain, strongly advocated…

July 1, 2025 21:11 IST

Bank Holidays in July 2025: Banks shut for 13 days; Check full list of upcoming holidays

Upcoming Bank Holidays in July 2025: Banks will be closed for 13 days in July 2025 across India due to…

Updated: June 30, 2025 14:11 IST

karnataka bank ceo resigns, karnataka bank, karnataka bank near me, karnataka bank crisis, karnataka bank ceo

Karnataka Bank CEO Srikrishnan Sarma resigns, Executive Director Sekhar Rao likely to quit too: Reports

During the bank’s recent earnings call, an investor questioned the board about the auditors’ findings. In response, Sarma acknowledged the…

June 28, 2025 18:02 IST

RBI drains Rs 84,975 crore via VRRR

The Reserve Bank of India (RBI) conducted a seven-day Variable Rate Reverse Repo (VRRR) auction, absorbing Rs 84,975 crore from…

June 27, 2025 21:43 IST

Virat Diwanji, National Head Consumer Banking, Federal Bank. (Image Source: Federal Bank)

‘Looking at product diversification for higher yields’: Virat Diwanji

Federal Bank is strategically transforming into a tech-driven, customer-centric institution. National Head Consumer Banking, Virat Diwanji, outlines the bank’s plan…

June 25, 2025 17:45 IST

Motilal Oswal bets big on Federal Bank: 3 reasons why it is a ‘preferred midcap pick’

Motilal Oswal sees 18% upside for Federal Bank, citing strong growth, asset mix, and digital focus. Discover if it’s your…

June 25, 2025 12:49 IST

deepak parekh, icici-hdfc merger, icici bank, hdfc, hdfc bank, chanda kochar podcast, chanda kochhar, banking news

‘ICICI started HDFC, why don’t you come back home?’: Deepak Parekh recalls Chanda Kochhar’s proposal

Parekh described the 2023 HDFC-HDFC Bank merger as a regulatory-driven move, not a strategic ambition.

June 21, 2025 16:20 IST

Reserve Bank of India, RBI, variable rate repo, VRR, banking, finance

RBI to discontinue daily VRR from June 11

RBI to end daily variable rate repo (VRR) auctions from June 11 amid surplus liquidity reaching Rs 3 lakh crore.…

June 9, 2025 22:18 IST

RBI, gold-backed loan, business models, NBFCs, gold loan norms, lenders, loan-to-value ratio, collateral valuation, borrower

Short-duration funds to attract interest post CRR cut

The Reserve Bank of India’s (RBI) recent 50 basis points (bps) repo rate cut and a 100 bps reduction in…

June 8, 2025 21:53 IST

SEBI, IndusInd Bank, CEO, Sumant Kathpalia, insider trading case, RBI, settlement, securities markets

‘Indusind Bank doing well’: RBI Gov says adequate steps taken to help improve accounting

Deputy Governor J Swaminathan also shared the optimistic view on the bank’s future outlook. “Things should settle down soon,” the…

June 6, 2025 15:47 IST

Private banks currently dominate, with fee income contributing 22% of their total income in FY25. (Image Source: Freepik)

Fee income comes to banks’ rescue

Indian banks are increasingly relying on cross-selling to boost fee-based income, driven by pressures from lower credit growth and slowing…

June 6, 2025 06:41 IST

MD & CEO K Paul Thomas of ESAF Small Finance Bank. (Image Source: esafpaul.com)

ESAF’s microfinance share to drop to 30% in 3–4 years: MD

ESAF Small Finance Bank is strategically shifting its lending focus towards secured, retail assets like gold loans, aiming for 12-15%…

Updated: June 10, 2025 17:13 IST

banks, loan, IBC, retail loans, loan, banking, fintech, IBC

Unsecured retail loans of ARCs surge 50% in FY25

Unsecured retail loans held by ARCs surged 50% to Rs 76,029 crore in FY25, making up 7.3% of total dues…

June 2, 2025 22:45 IST

Margin pressure weighs on banks’ Q4. (Image Source: Twitter)

Margin pressure weighs on banks’ Q4: Decline in interest rates impacted performance

India’s banking sector experienced a nuanced Q4 FY25, characterized by a slowdown in Net Interest Income (NII) and profit growth.…

May 26, 2025 05:57 IST

Home loan overdraft facilities offer a smart way to reduce interest costs and gain liquidity. (Image Source: Freepik)

When overdraft helps save money

Home loan overdraft facilities offer a smart way to reduce interest costs and gain liquidity. By depositing surplus funds into…

Updated: May 26, 2025 13:25 IST

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JAYA JAGADISH, COUNTRY HEAD & SVP – DESIGN ENGINEERING, AMD INDIA

‘Our R&D teams in India now fully own core IP, ’ says Jaya Jagdish

Obama did not endorse Mamdani despite phone call ahead of NY polls

World News33 min ago

Former US President Barack Obama has reportedly endorsed New York City mayoral candidate Zohran Mamdani, but officials have denied the claims, stating that Obama is sticking to his post-presidency rule of not publicly endorsing local candidates. The alleged endorsement has sparked controversy and speculation that Obama is trying to protect other Democrats from being associated with Mamdani.

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