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Kotak Mahindra Bank to acquire Deutsche Bank’s retail banking, private banking and wealth management business in IndiaKotak Mahindra Bank is acquiring Deutsche Bank's retail, affluent private banking, and wealth management operations in India. This strategi...
Kotak Mahindra Bank to acquire Deutsche Bank's India retail banking businessKotak Mahindra Bank has significantly expanded its footprint by acquiring Deutsche Bank's retail, private banking, and wealth management op...
Bad loans may edge up to 1.9% by FY28 despite resilient banks: RBIIndian banks are projected to see a slight increase in bad loans to 1.9% by March 2028, yet the system remains robust with strong capital a...
RBI flags AI stock boom as financial stability risk, says Indian banks remain resilientIndia's central bank has identified soaring AI stock valuations globally as a financial stability risk, warning of potential market spillov...
Nearly 1 million new millionaires created worldwide in 2025, UBS report findsThe year 2025 saw a striking 10.8% increase in global personal wealth, the highest growth rate in years, unleashing nearly one million new ...
Capri Global eyes up to $500 million offshore bond issueCapri Global Capital is venturing into international markets for the first time, planning to raise $300-500 million through overseas bonds....
Goldman Sachs favours going long on 30-year govt bondGoldman Sachs is advising investors to buy India's 30-year government bonds, anticipating a yield drop. This optimism stems from two key fa...
US Stock Market: Warsh faces crucial week with court ruling, global debut in focusFederal Reserve Chair Kevin Warsh faces a crucial week. The Supreme Court's decision on Governor Lisa Cook's removal will test the central ...
Global Market: China's central bank expands liquidity toolkit with first-ever overnight reverse reposChina's central bank has introduced overnight reverse repo operations for the first time, injecting 300 billion yuan to manage liquidity. T...
Charting the global economy: US spending rises, weather loomsUS consumer spending remains robust despite rising prices, though new home sales dipped. President Trump is scrutinizing gasoline costs. Eu...
Ashok Vaswani to step down as Kotak Mahindra Bank MD & CEO; bank begins search for successorIn a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 202...
India's Gaza policy balanced, Congress doing vote bank politics: BJPThe BJP has countered Sonia Gandhi's criticism of the government's Gaza policy, accusing the Congress of misinformation and vote bank polit...
India's growth story not recognised by global rating agencies: Piyush GoyalCommerce Minister Piyush Goyal has publicly questioned the fairness of global credit rating agencies like S&P, Moody's, and Fitch, stating ...
Global Market: South Korea to extend won trading to 24 hours in bid to boost global appealSouth Korea will launch 24-hour trading in the won from July 6 to boost global investor access and improve market appeal. The reform is exp...
Bank of America names new Southeast Asia investment banking head, memo showsBank of America has appointed Dominic Tan as its new head of Southeast Asia investment banking, a role he will juggle alongside his existin...
Morgan Stanley was among first global banks to back MFS before boom and bustMorgan Stanley initially backed British private credit firm Market Financial Solutions (MFS) before its collapse under $2.4 billion in debt...
What are the Fed's bank 'stress tests' and what's new this year?The US Federal Reserve is releasing its annual bank stress test results today, assessing how major lenders would fare in a severe economic ...