ICICI Bank launches digital OD facility for its salary account holders

ICICI Bank has launched a new facility for its customers. Called the ‘Insta Flexicash’, it offers instant and paperless approval for overdraft (OD) to the salary account holders of the bank. The service can be availed using the bank’s internet banking platform. Under the new facility, select pre-approved customers of the ICICI Bank can apply […]

Sashidhar Jagdishan to take over as HDFC Bank CEO from Aditya Puri: Reports

The Reserve Bank of India (RBI) has given approval to HDFC Bank to replace its CEO Aditya Puri with Sashidhar Jadishan, said reports from various media houses on Tuesday. Aditya Puri, who has been at helm of HDFC Bank since 1994, will move out from office in October 2020 after turning 70. At the recently […]

Sashidhar Jagdishan to take over as HDFC Bank CEO from Aditya Puri

The Reserve Bank of India (RBI) has given approval to HDFC Bank to replace its CEO Aditya Puri with Sashidhar Jagdishan. Aditya Puri, who has been at helm of HDFC Bank since 1994, will move out from office in October 2020 after turning 70. Jagdishan will take over on October 27, 2020 for a period […]

‘I DO wish her well’: Trump doubles down on message of support for Ghislaine Maxwell as she faces 35-year sentence for sex trafficking and abuse of underage girls – and questions whether her ‘boyfriend’ Epstein was ‘murdered’ in jail

‘And Sheriff Joe was very unfairly treated by the Obama administration, especially right before an election, an election that he would have won. And he was elected many times. So I stand by my pardon of Sheriff Joe, and I think the people of Arizona who really know him best would agree with me,’ Trump […]

Bank of England warns City misconduct is undermining public trust

She was speaking at the London School of Economics as she launched a much-anticipated consultation into the markets for fixed income, foreign exchange and commodities, which are collectively known as FICC and generated $117bn (£72bn) of revenues for the big investment banks in 2013. These are global markets and any cleanup efforts would need international […]

Banks sanction Rs 1.36 lakh cr under ECLGS: CARE Ratings

Emergency Credit Line Guarantee Scheme (ECLGS) till July 29, a CARE Ratings report said on Monday.The total sanctioned amount works out to be 46 per cent of the target of Rs 3 lakh crore set up by the government while announcing the relief package for industry, especially the MSME sector, which was hit hard by […]

Digital banking: Mondo hopes to become the Google or Facebook of the sector

Digital banks also face the issue of opening accounts and still complying with strict anti-money laundering rules with which banks must comply, and finding ways to let customers pay in cheques. Links with the Post Office and other banks are being considered while a cheque imaging service under development by the industry gets off the […]

CBI books Auro Gold Jewellery, directors in ₹229-crore bank fraud case

In its complaint, the SBI alleged that it had sanctioned credit facilities of over ₹229 crore to the company. However, the funds were used for trading with other firms which were not in the same line of business. The advances were allegedly diverted.

‘Insider’ Sashidhar Jagdishan new HDFC Bank CEO: Here are some of the challenges he faces

Jagdishan is currently the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications, and Corporate Social Responsibility. He has completed his graduation in Science with a specialisation in physics, and is a Chartered Accountant. He also holds a Master’s degree in Economics of Money, Banking & Finance from the University of […]

Sashidhar Jagdishan to replace Aditya Puri as HDFC Bank’s new MD & CEO

“A meeting of the Board of Directors of the Bank will be convened in due course to approve the appointment of Mr. Jagdishan. He will replace Aditya Puri, who is due to retire as Managing Director of the Bank on October 26, 2020,” the statement added.