BFSI

ICICI Bank MD and CEO Chanda Kochhar steps down

Chanda Kochhar resigns with immediate effect and Sandeep Bakshi will be the new MD and CEO of ICICI Bank. 

Don’t boil the ocean with digitization: Mrutyunjay Mahapatra

Mrutyunjay Mahapatra DMD and CDO at SBI talks on new age banking and vigilant selection of technologies in the digital world. (The interview was conducted prior to his appointment as CEO of Syndicate Bank).

Bandhan Bank gets tangled in violation of RBI norms

As per the RBI licensing terms, the promoters' stake of the bank should have been brought under 40 percent within the first three years of the commencement of its operations. But as on 30th June 2018, the promoter group holds 82.28 percent stake.

Fintech in India – Powering a digital economy: Nasscom, KPMG release report

KPMG in India, in collaboration with Nasscom, released the report 'Fintech in India – Powering a digital economy' at the Nasscom India Fintech Day.

4 disruptive initiatives of Paytm

From getting invested by Warren Buffet to testing facial recognition for digital payments, Paytm is leaving no stone unturned.

Government redeploys 10 top banking officials to helm public sector banks

In order to make things better for the state-run banks, the government has reshuffled top banking officials. Mrutyunjay Mahapatra, former Dy. MD and CDO of State Bank of India, becomes CEO of Syndicate Bank.

OBOPAY acquires consumer-technology firm Mubble

The acquisition is a part of Obopay’s long term strategy to aggressively strengthen and enhance its data analytics capabilities and mobile app expertise.

Govt. appoints Mrutyunjay Mahapatra as the CEO of Syndicate Bank

The government of India on Wednesday appointed Mrutyunjay Mahapatra, the former Dy. MD and CDO of State Bank of India, as the new CEO of Syndicate Bank.

Bank of Baroda, Dena Bank, Vijaya Bank merger plan invites mixed reactions

Although shareholders remain pessimistic, experts expect improved operational efficiency, credit growth and governance for the three PSU banks in the long term.