[ad_1] Veteran banker Uday Kotak, in a recent post on X (formerly Twitter), pointed out that the slowdown in the growth of retail deposits poses a serious challenge to the business model of Indian banks. This article argues that banks have historically been the primary funders of India’s growth and regulators and lawmakers have imposed […]
Exclusive: UAE bank eyes major stake in Indian bank in a billion-dollar deal, says envoy – CNBC TV18
[ad_1] During an exclusive interview with CNBC-TV18, UAE Ambassador to India Abdulnasser Alshaali revealed that an Abu Dhabi-based bank is in advanced negotiations to acquire a significant stake in an Indian bank. While the ambassador did not disclose the name of the banks involved, citing market sensitivities, he confirmed that the investment could be valued […]
Indian banks enhance monitoring to combat mule accounts, says RBI Governor – CNBC TV18
[ad_1] Most Indian banks have systems in place to monitor the behaviour of mule accounts, said Reserve Bank of India Governor Shaktikanta Das during a press conference on Thursday. A mule account is a bank account that is used for illegal activities like money laundering, tax evasion, fraudulent transactions, etc. These types of accounts usually […]