Piyush Shukla
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SBI Raises Over $6 Billion Through RBI's June Policy Measures; Expects $10-15 Billion Inflows
SBI is understood to have raised over $5 billion through the FCNR-B route, garnering over $1 billion just last week. SBI is offering up to 9X leverage to its clients under the scheme.
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Godrej Capital Eyes Rs 1 Lakh Crore AUM In Five Years; Bets On Gold Loans, Affordable Housing
Godrej Capital is eyeing an IPO in four to five years as it expands gold loans, affordable housing finance and personal lending to achieve its Rs 1 lakh crore loan book target.
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Kotak Mahindra Bank New CEO Appointment Soon Within RBI Timeline, Says Ashok Vaswani
The comments came as Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to Rs 4,123 crore for the June quarter.
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HDFC Bank Ex-Chairman Exit 'Challenging Event'; Corporate Governance Strong, Says CEO Jagdishan
HDFC Bank's ex interim chair Keki Mistry, too, said that corporate governance remains strong at HDFC Bank.
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Banks Q1 Preview: Double-Digit Loan Growth, Credit Boom To Collide With Shrinking Margins
Banks Q1 Results Preview: System-wide deposit growth remained healthy at 12% YoY, aided by strong credit expansion and an increase in the money multiplier. However, deposit growth continues to trail loan growth, said Motilal Oswal.
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Chasing Profitability, Large Pure-Play Payments Firms Diversify In Lending, Other Financial Services Biz
Industry officials expect further diversification over the next few years, with payment companies likely to deepen their presence in secured and unsecured lending, wealth management, insurance distribution and merchant financial services.
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ATMs Running Dry? Banks Face Scrutiny Over Cash Shortages As RBI Takes Stock Of Situation
The RBI is understood to have sought details of cash inventories at bank branches to determine whether lenders are maintaining adequate cash to replenish ATMs in a timely manner.
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End Of Perks Era? Banks Slash Credit Card Rewards As Profit Margins Shrink
Several banks have tightened redemption benefits and raised eligibility thresholds for premium perks such as airport lounge access.
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Banks See FCNR-B Deposit Mobilisation Gather Pace As RBI Scheme Gains Traction
Banks have mobilised an estimated $3-4 billion so far, with lenders expecting inflows to pick up from mid-July as awareness among overseas Indians increases.
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India Ratings Downgrades Jana Holdings' NCDs To 'IND D' After Repayment Extension
The rating agency treated the extension of the non-convertible debentures' maturity as a distressed debt exchange after debenture holders agreed to defer repayment to Dec. 31, 2026.
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Jana Holdings' NCD Repayment Delay Unlikely To Affect Jana SFB, Sources Say
Repayment was deferred under a consensual agreement with debenture holders, while Jana Small Finance Bank remains insulated from the holding company's debt, sources say.
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'Very Caveated': Former HDFC Bank Chair Atanu Chakraborty Questions Legal Review Of His Resignation
Chakraborty did not outline the specific business practices which led to his resignation, saying matters of the boardroom should remain within the room.
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HDFC Bank Says Legal Review Finds No Basis For Ex-Director's Claims
Three-month review of board records and interviews found no evidence supporting the allegations.
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SBI Card Leads Credit Card Additions In May; Spending Rises Across Top Issuers
HDFC Bank, the country's largest credit card issuer by overall base, added 1.42 lakh cards during the month.
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Gold Loans Emerge As Fastest-Growing Retail Credit Segment; Portfolio Seen Touching Rs 25 Lakh Crore By FY28
The Reserve Bank of India has also moved to tighten oversight of the sector. In June 2025, the central bank introduced stricter guidelines governing gold-backed lending.
