Karur Vysya Bank siktar på att expandera sin partilångivning och lansera nya finansiella produkter under de kommande åren. Strategin presenterades av vd och koncernchef B Ramesh Babu.
Efter att ha minskat sin partiverksamhet under ett decennium, strävar banken nu efter att öka andelen företagslån till 20 procent inom två år, upp från nuvarande 14 procent. Detta markerar en vändning av tidigare nedskärningsinsatser inom det segmentet.
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Corporate borrowers in India are increasingly opting for bank loans instead of bond issuances. Rising capital market yields have eroded the cost advantage of bonds. Spreads between bank lending rates and bond yields have compressed significantly, especially for higher-rated entities.
Indian firms are turning to bank financing as corporate bond yields climb. Bank lending rates have held steady, making loans more appealing. Growth in wholesale lending at major banks highlights the change.
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State Bank of India plans to maintain net interest margins above 3 percent in the coming fiscal year through deposit repricing and faster growth in retail and MSME loans.
Axis Bank intends to infuse Rs 389 crore into Axis Max Life, raising its combined stake to 19.99 percent, close to the regulatory limit. The investment aims to bolster the bank's presence in the expanding insurance sector. Max Financial will maintain majority ownership at around 80 percent, pending regulatory approvals.
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Kotak Mahindra Bank is poised to acquire Deutsche Bank's retail operations in India for around Rs 4,500 crore. The deal aims to bolster Kotak's retail lending and deposit base. Deutsche Bank's move aligns with its global strategy to streamline operations.
Birla Corporation reported a 15% year-on-year increase in net profit for the March-ended quarter. Revenue rose modestly while the company announced a dividend payout.
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The Reserve Bank of India has promoted five senior officers to the rank of executive director. Four belong to the common seniority group cadre and one comes from the department of statistics and information management cadre.