RBI EXECUTIVE DIRECTOR
CXO-level shifts rearrange top deck at Indian startups
The world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CEO of Tata Digital and the resignation of Surinder Chawla, managing director and chief executive officer of Paytm Payments Bank.
RBI appoints Arnab Kumar Chowdhury as new executive director
Arnab Kumar Chowdhury has been appointed as executive director by the Reserve Bank of India, taking charge of three key departments, including DICGC, effective immediately. Previously serving as Chief General Manager-in-Charge of the Supervision Department, Chowdhury brings over 30 years of experience in financial entity supervision, corporate strategy, and policy formulation to his new role. He holds a master's in economics and is a certified associate of IIBF.
FSIB to hold interview for SBI chairman's position on June 29
FSIB to conduct interviews for SBI Chairman selection. Three out of four MDs eligible. Khara's replacement to be chosen before his retirement.
NBFCs need to focus on compliance, risk and liquidity, says RBI executive director R Lakshmi Kanth Rao
Non-banking finance companies (NBFCs) were advised by RBI executive director R Lakshmi Kanth Rao to prioritize compliance, risk management, liquidity management, and customer protection. Rao emphasized the regulatory differences between banks and NBFCs, noting the need for NBFCs to enhance compliance systems and balance business with prudence.
RBI to ease compliance burden while fine tuning regulations to address evolving risks
RBI Governor Shaktikanta Das emphasized the importance of strong governance and resilient financial systems at the global conference on financial resilience. Highlighting new guidelines set for release next month, Das noted the need for clear roles and responsibilities for boards and executive management, balancing business growth with robust risk management to ensure long-term success
RBI flags pursuit of growth at cost of risk buildup
India's banking regulator cautioned lenders against pursuing 'mindless' business growth to avoid exposing the financial system to risks. RBI Governor Shaktikanta Das emphasized the importance of balancing business growth with risk management.
FSIB shortlists five for executive director positions
FSIB shortlisted five CGMs for ED positions in public sector banks after interviewing 57 candidates. Vaheed, Rajeeva, and Majumdar are top three in the list, while Surendran and Srivastava are number four and five.
Cashfree Payments appoints Abhaya Hota as independent director
Abhaya Hota has previously served as an Independent Director at Federal Bank, NSE Clearing, Protean e-Gov Technologies and RBI Innovation Hub. Cashfree Payments plans to leverage Hota's experience and expertise to develop innovative products and services.
RBI approves a Committee of Executives (CoE) in Tamilnad Mercantile Bank as an interim arrangement
RBI approves Committee of Executives in Tamilnad Mercantile Bank as an interim arrangement. CoE comprises S Narayanan, D Ramesh, PR Ashok Kumar. Bank selecting suitable candidates for top post, unclear why Krishnan's successor not selected after 8 months. TMB had only one whole time director.
RBI approves appointment of Pradeep Kumar Sinha as Part-time Chairman of ICICI Bank
The RBI has approved Pradeep Kumar Sinha's appointment as Part-time Chairman of ICICI Bank, effective July 1, 2024, for a three-year term.
RBI approves appointment of Pradeep Natarajan as IDFC FIRST Bank's Whole Time Director
The Reserve Bank of India has approved Pradeep Natarajan as Whole Time Director on the Board of IDFC FIRST Bank for three years. IDFC FIRST Bank reported a net profit of Rs 724 crore for the fourth quarter of March 2024, with reduced gross and net Non-Performing Assets. Shareholder approval pending.
RBI appoints R. Lakshmi Kanth Rao as new Executive Director
The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as its new Executive Director, effective May 10. Rao will oversee the Deposit Insurance and Credit Guarantee Corporation, Right to Information Act (FAA), and Department of Communication. Rao has over three decades of experience in various domains, including Banks and NBFCs regulation, supervision, and consumer protection.
RBI allows Ujjivan Small Finance Bank to rope in former SBI veteran as MD & CEO
The Reserve Bank of India has approved Sanjeev Nautiyal as the Managing Director & CEO at Ujjivan Small Finance Bank for three years, effective from July 1, 2024. Nautiyal, with over three decades of banking experience, will hold the position of President before officially assuming his role, subject to shareholder approval. Ujjivan praised Nautiyal's leadership qualities and strategic retail banking expertise, expressing confidence in his ability to further the bank's mission of financial and digital inclusion.
Chengalath Jayaram's term as Kotak Mahindra Bank's non-executive director ends
Kotak Mahindra Bank on Wednesday said the tenure of Chengalath Jayaram as non-executive director on the board of the bank has ended on April 30. In a regulatory filing, the bank said Jayaram's term ended on April 30, 2024 on completion of eight continuous years (as a Non-Executive Director) on the bank's board, in line with the provisions of the Banking Regulation Act, 1949.
Axis Bank gets RBI nod for appointing Munish Sharda as executive director
Axis Bank has received approval from the Reserve Bank of India (RBI) to appoint Munish Sharda as its executive director, the company said in a filing on Tuesday.
RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh
The Reserve Bank's instructions on review of fixed remuneration for non-executive directors (NEDs) come into force immediately. The instructions apply to all private sector banks, small finance banks, payment banks, and wholly owned subsidiaries of foreign banks.
Bandhan Bank gets RBI nod for appointment of Rajinder Kumar Babbar as Executive Director
The Reserve Bank of India has approved the appointment of Rajinder Kumar Babbar as the Executive Director of Bandhan Bank for a three-year term, effective three months from now. Babbar, aged 56, brings over 35 years of experience in the banking sector, demonstrating expertise in leadership roles and a track record of creating and expanding businesses with consistent growth in assets under management, market share, and profitability.
Time ripe to explore steps to internationalise rupee: RBI Executive Director Radha Shyam Ratho
Reserve Bank of India Executive Director Radha Shyam Ratho has commented that internationalisation of rupee is the natural step forward. "As such, the time is ripe to explore various measures required to internationalise the Indian rupee to further the broader aspect of Aatmanirbhar Bharat," Ratho said at the Banking and Finance Summit organised by the CII.
RBI appoints Manoranjan Mishra as new Executive Director
Manoranjan Mishra has been appointed as Executive Director by the Reserve Bank of India (RBI). In his role as Executive Director, Mishra will oversee the Enforcement Department, Risk Monitoring Department, and Department of External Investments & Operations.
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