Banks await RBI approval for appointing second whole-time director

More than half a dozen private-sector banks are awaiting regulatory approval for the appointment of a second whole-time director on their boards. Photograph: Ajay Verma/Reuters In a notification......

RBI directs pvt banks to have at least two wholetime directors

In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime......

MFs hungry for bigger slice of banking pie amid growing investor inflows

Amidst growing investor inflows, mutual funds (MFs) are eyeing a larger slice of the banking sector. Photograph: Anindito Mukherjee/Reuters In the past few years, few of the major fund houses have......

How the Kerala-based CSB Bank made a dramatic turnaround

For FY21, CSB is looking at growth of around 25 per cent and is confident of doubling it in two years. And it is also exploring options to acquire a mid-size bank with a good client base and......