Banking Industry
RBI allows banks to give loans for FCNR deposits
On 5 June, RBI said it will absorb the foreign exchange hedging cost on fresh CNR (B), deposits, creating an unusual opportunity for overseas Indians
2 min read23 Jun 2026Jamie Dimon says JPMorgan Chase will hire more AI specialists, fewer traditional bankers
Jamie Dimon said JPMorgan will increasingly hire AI specialists and fewer traditional bankers as artificial intelligence reshapes the financial sector. The bank is expanding investments in AI across operations, joining a wider Wall Street trend of prioritising tech talent and automation.
2 min read21 May 2026The great succession test: India’s private banks face a C-suite countdown
The chief executives of five top private sector banks—HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and IDFC First Bank—will require regulatory nod for another term.
4 min read21 Apr 2026Bank fraud in India: Who's really at risk?
While fraud doesn't pose a systemic threat to India's banking system, there are significant and ever-present risks at the customer level, as the ₹590-crore fraud at IDFC First Bank shows.
4 min read1 Mar 2026India 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The RBI has withdrawn its restrictive proposal on current accounts for corporate borrowers after a pushback from private banks.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 2025Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.