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Domestic prop trading firms face higher funding costs under RBI's new rules
New Reserve Bank of India lending rules increase funding costs for local proprietary traders. These changes require 100% collateral for bank guarantees, impacting domestic firms significantly. Foreign trading majors, however, can access cheaper overseas funding sources. This situation may allow foreign firms to capture a larger domestic market share. Domestic traders face a disadvantage compared to their well-capitalized international competitors.
FCNR-B flows taper as higher costs trip math for double-digit returns
Indian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting banks' leverage offerings to clients. High-net-worth individuals seek double-digit dollar returns, assessing tax implications. Banks are recalibrating deposit mobilization strategies after recent guideline releases. Investor expectations for higher spreads are increasing due to Indian supply.
FCNR-B flows taper as higher costs trip math for double-digit returns
Indian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting banks' leverage offerings to clients. High-net-worth individuals seek double-digit dollar returns, assessing tax implications. Banks are recalibrating deposit mobilization strategies after recent guideline releases. Investor expectations for higher spreads are increasing due to Indian supply.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities posted their steepest single-day decline since March as rising crude prices, renewed Middle East tensions and weak global cues triggered broad-based selling. Analysts said geopolitical developments, earnings guidance and central bank decisions will shape the market’s near-term direction.
RBI approves Mahesh M Pai as new MD at South Indian Bank
Mahesh Muralidhar Pai will become South Indian Bank's new MD and CEO. The Reserve Bank of India approved his appointment, effective October 1. He brings three decades of banking experience across various key verticals. Pai previously led digital banking and innovation initiatives at Canara Bank. His appointment follows the conclusion of PR Seshadri's current term.
South Indian Bank names Canara Bank's Mahesh Pai as CEO
Mahesh Muralidhar Pai will become South Indian Bank's new MD and CEO. The Reserve Bank of India approved his appointment, effective October 1. He brings three decades of banking experience across various key verticals. Pai previously led digital banking and innovation initiatives at Canara Bank. His appointment follows the conclusion of PR Seshadri's current term.
State Bank of India draws over $1.5 billion in offshore deposits
State Bank of India has raised more than $1.5 billion through its offshore foreign-currency deposit programme, underscoring strong interest from the Indian diaspora after the RBI introduced measures to encourage banks to mobilise overseas deposits.
Aegis Logistics Ltd leads losers in 'A' group
South Indian Bank Ltd, Goldiam International Ltd, Texmaco Rail & Engineering Ltd and L&T Finance Ltd are among the other losers in the BSE's 'A' group today, 08 July 2026.
South Indian Bank says RBI approves Mahesh Muralidhar Pai's appointment as MD, CEO
The Reserve Bank of India has approved Mahesh Muralidhar Pai's appointment as Managing Director and CEO. This appointment is for a three-year term, commencing on October 1, 2026. The bank's board will consider this approval at their upcoming July 16 meeting. Shareholders will then provide their necessary approval for the appointment. South Indian Bank shares experienced a significant decline following this announcement.
Five Indian States Cross World Bank's Upper-Middle-Income Mark; Maharashtra Misses By Just $8
Five Indian states have crossed the World Bank's upper-middle-income benchmark, while Maharashtra misses the threshold by just $8. See the full list.
South Indian Bank shares tank 10% despite RBI nod for Mahesh Pai as MD, CEO
The bank further said that the proposal for Pai's appointment as Managing Director & CEO will be placed before the board at its meeting scheduled for July 16, 2026
South Indian Bank shares tumble 9% after four-day rise; RBI clears Mahesh Pai as MD & CEO
South Indian Bank shares fell sharply on Wednesday, snapping a four-session winning streak as investors booked profits after a sharp three-month rally. Meanwhile, the RBI approved the appointment of Mahesh Muralidhar Pai as the bank's Managing Director and CEO for a three-year term, effective October 1, 2026, subject to further approvals.