Bank CEO

Two public sector banks, Punjab National Bank (PNB) and Indian Bank, will welcome new leaders at the start of the year as their current incumbents retire on December 31, 2024

Daruwala, who is one of the two female heads of large foreign banks in the country, joined the lender in 2016 as CEO for India

Das also highlighted the issue of high growth in personal loans, which has been an outlier among other categories. He also talked about banks' exposure to non-banking finance companies

HDFC Bank, under Jagdishan, took the challenge head on and went on war footing to plug the gaps

In the meantime, Dipak Gupta, the current joint managing director, will function as MD and CEO, subject to approvals

Net NPA reduced to Rs 2,700.29 crore in Q2FY23 from Rs 3,854.33 crore as on Q2FY22 and from Rs 3,103.82 crore as on Q1FY23

Broadly the trend we have seen is that retail is growing faster than corporate loans, said Chadha

Unity Small Finance Bank is a new age, digital first bank which was recently elevated to a 'Scheduled Bank' and was included in the Second Schedule of the RBI Act.

Banking sector veteran R Subramaniakumar, with over 40 years of experience, will take charge of private sector RBL Bank from June 24, replacing the interim MD & CEO Rajeev Ahuja. Ahuja took charge as the interim MD & CEO of the bank after the sudden ouster of the then chief Vishwavir Ahuja in late December 2021, who was sent on leave with immediate effect. Subramaniakumar had in past served as the Managing Director & Chief Executive Officer (MD & CEO) of Chennai-based public sector lender Indian Overseas Bank (IOB) and also as the Executive Director (ED) of the bank. Besides, he was also the ED at Indian Bank and held various positions in the banking industry. He was instrumental in the transformation at Delhi-based Punjab National Bank (PNB). Also, he served as a board of director of PNB's Bhutan joint venture Druk PNB. The search committee constituted to identify the MD & CEO for the bank ran an exhaustive process along with Egon Zehnder and recommended the name .

Minister of State for Finance, Bhagwat Karad will meet the PSB CEOs on September 16 in Aurangabad

Jagdishan took over from his larger-than-life mentor Aditya Puri

Hitendra Dave is a member of Reserve Bank of India advisory committees.

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.

For promoter CEO the limit is 12 years, says RBI as part of its latest guidelines

The circular will not be applicable to foreign banks operating as branches in India

RBI decision will clarify its stand on 15-year cap mentioned in discussion paper

The Reserve Bank of India (RBI) last month permitted one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset (NPA)

His appointment will be up to date of attaining the age of superannuation, December 31, 2022, or until further orders, whichever is earlier, it added

If the CEO or WTD is not a promoter or major shareholder of the bank, that person can continue for 15 years at the bank, after which he or she must step down.

To protect the existing CEO salary, banks have to raise the fixed part of remuneration, which negates the very purpose of the regulator