Private Lender

Yes Bank to delay Q3 results till mid-March; says management 'deeply engaged' in fundraising exercise

Yes Bank said it has received non-binding expressions of interest from companies including JC Flowers & Co. LLC; Tilden Park Capital Management LP; OHA (UK) LLP (part of Oak Hill Advisors); and Silver Point Capital

RBI appoints former deputy governor R Gandhi as additional director on Yes Bank board for two years

The private lender said its board "heartily" welcome the appointment of Gandhi given his impeccable background and track record as a highly respected Regulator in India.

RBI approves appointment of Sandeep Bakhshi as ICICI Bank MD, CEO for 3 years

After the resignation of Chanda Kochhar, who was facing an inquiry, earlier this month, the bank's board had elevated Chief Operating Officer (COO) Bakhshi as the new managing director and CEO for five years until 3 October 2023, subject to regulatory and other approvals.

HDFC Bank raises the bar, offers 9% interest on NRE deposits

The Reserve Bank of India deregulated interest rates on non-resident external rupee deposits and ordinary non-resident accounts to provide greater flexibility to banks to attract dollars.