State-run Canara Bank announced plans to secure 2.5 billion dollars through non-resident foreign currency deposit schemes.
Tag: banking
Kotak Mahindra Bank CEO Ashok Vaswani Confirms He Will Not Seek Reappointment Beyond December 2026
India’s leading private sector bank begins planning for leadership transition after the CEO’s announcement opens questions about direction and strategic priorities.
RBI Directive Allows Banks to Extend Loans Against Foreign Currency Deposits — New Instrument Activated
The Reserve Bank of India’s directive enables commercial banks to use foreign currency deposit collateral for lending opening new avenues for corporate finance.
Kotak Mahindra Bank MD & CEO Ashok Vaswani to step down at year-end
Kotak Mahindra Bank confirmed that CEO Ashok Vaswani will step down from his position on December 31, 2026.
Kotak Bank’s MD&CEO Ashok Vaswani to step down at end of Dec 2026
Kotak Mahindra Bank announced that its Managing Director and CEO Ashok Vaswani will step down in December 2026.
India Banking Sector Expected to Play Critical Role in Long-Term Economic Growth
A new report highlighted that India’s banking sector with adequate capital buffers is expected to play a critical role in the country’s long-term economic growth trajectory.
Banking Sector Remains Stable With Adequate Capital Buffers Says RBI Annual Report
The RBI Annual Report for 2025-26 noted that India’s banking system remains stable with adequate capital buffers though global tensions and market volatility pose short-term risks.
Supreme Court Upholds SARFAESI Recovery Process in Landmark Banking Judgement
India’s Supreme Court reinforced the validity of the SARFAESI Act recovery mechanism, telling banks they must exercise proper diligence in corporate lending.