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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.
Private banks may lead PSU peers in Q1 PAT show amid macro pressures
Private banks are expected to show stronger profit growth than public sector banks this quarter. Analysts predict private lenders' profits will climb ten percent year-on-year. Balance sheet growth also favors private banks, with higher deposit expansion. However, public sector banks led in loan book expansion during the June quarter. Investor focus will remain on individual bank performance and execution.
Private banks may lead PSU peers in Q1 PAT show amid macro pressures
Private banks are expected to show stronger profit growth than public sector banks this quarter. Analysts predict private lenders' profits will climb ten percent year-on-year. Balance sheet growth also favors private banks, with higher deposit expansion. However, public sector banks led in loan book expansion during the June quarter. Investor focus will remain on individual bank performance and execution.
Axis Bank loses three senior executives amid leadership reshuffle
Axis Bank has seen three senior executives resign from their positions. These departures add to a significant reshuffling occurring within private sector lenders. Anil Agarwal and Vikas Shinde, long-serving executives, have left the bank. Jimmy Tavadia, group head of trading, also resigned from his role. These changes coincide with the lender reorganizing key corporate banking positions.
Axis Bank loses three senior executives amid leadership reshuffle
Axis Bank has seen three senior executives resign from their positions. These departures add to a significant reshuffling occurring within private sector lenders. Anil Agarwal and Vikas Shinde, long-serving executives, have left the bank. Jimmy Tavadia, group head of trading, also resigned from his role. These changes coincide with the lender reorganizing key corporate banking positions.
Buy, Sell Or Hold: L&T, Avenue Supermarts, Canara Bank, Uno Minda And Lupin — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
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.
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.
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.
Bank of America extends credit to OpenAI ahead of planned IPO - Bloomberg - Investing.com India
Bank of America extends credit to OpenAI ahead of planned IPO - BloombergInvesting.com India
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.
RBI clears three-year extension for Axis Bank chairman N S Vishwanathan
The Reserve Bank of India has approved the reappointment of N S Vishwanathan as Axis Bank's non-executive (part-time) chairman for a further three-year term, subject to shareholder approval of his reappointment as an independent director.