Banking Industry
India needs more credit to become a developed nation by 2047
India must significantly expand the reach of credit—specifically aiming for a 60-65% Credit-to-GDP ratio—to achieve its target of becoming a developed nation by 2047, according to banking leaders at the Mint Conclave.
3 min read15 Dec 2025RBI scraps plan to limit corporate current accounts to two big lenders
The RBI has withdrawn its restrictive proposal on current accounts for corporate borrowers after a pushback from private banks. The revised guidelines permit banks to offer accounts based on customer requirements, aiming to balance competition and improve monitoring of borrower cash flows.
2 min read11 Dec 2025A new Japanese promoter, a former banker, and a recipe for success
Ravi Narayanan is charting a cautious rebuild at SMFG India Credit, tightening governance and reshaping the loan mix under its Japanese parent’s watch.
4 min read8 Dec 2025Will ICICI Bank’s chief stay another term? The market wants to know
Sandeep Bakhshi's term as ICICI Bank CEO is up for renewal in about a year. He turned around the lender's fortunes after he was brought in following the unceremonious exit of his predecessor Chanda Kochhar.
5 min read27 Oct 2025The CEO who wants to double the size of his bank to $1 trillion
Bill Demchak is on a mission to challenge the likes of JPMorgan.
4 min read11 Sep 2025RBI appoints veteran banker Kesavan Ramachandran as Executive Director
The Reserve Bank of India (RBI) appointed veteran banker Kesavan Ramachandran as an Executive Director effective from 1 July 2025. Ramachandran was promoted from its current position of Principal Chief General Manager in Risk Monitoring Department of RBI.
1 min read1 Jul 2025Bank holidays in June 2025: Banks in India will be closed on THESE 12 days; check full schedule here
Bank holidays in June 2025: The RBI has listed 12 official holidays in the month of June, including the weekly Sunday off and second and fourth Saturday leaves.
2 min read30 May 2025Bank holidays this week: Is the coming Saturday a weekend off? Check full schedule here
Bank holidays this week: Is the coming Saturday, May 24, a weekend off? Check full schedule here for May 18-25 next week.
1 min read18 May 2025Yes Bank gets battle-ready with leadership pipeline, pay reset amid SMBC deal
Yes Bank is set to overhaul its employee compensation structure as part of a broader restructuring. With Japan's SMBC set to acquire a majority stake in it, Yes Bank is also launching a leadership development programme to identify and cultivate executives for top roles.
3 min read14 May 2025Bank holidays this week: Will banks remain closed on Buddha Purnima today? Check full schedule here
Bank holidays this week: Check the dates and full schedule here for May 11-18, 2025, including if banks are closed for Buddha Purnima, weekend leaves and Sikkim state day.
2 min read12 May 2025