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Kotak Bank press conference highlights: Management on RBI regulations https://bfsi.economictimes.indiatimes.com/news/banking/kotak-bank-press-conference-highlights-management-on-rbi-regulations/109840573 While announcing the results, MD and CEO, Ashok Vaswani, CFO, Devang Gheewalla, and President – Consumer Banking, Shanti Ekambaram addressed the media.

India's Kotak Mahindra Bank beats estimates with 26% rise in Q4 net profit https://bfsi.economictimes.indiatimes.com/news/banking/indias-kotak-mahindra-bank-beats-estimates-with-26-rise-in-q4-net-profit/109835962 Kotak's net interest income, the difference between interest earned and paid out, increased 21% on-year to 260 billion rupees.

BHIM looks to bulk up with ONDC to take on digital payment heavyweights https://bfsi.economictimes.indiatimes.com/news/fintech/bhim-looks-to-bulk-up-with-ondc-to-take-on-digital-payment-heavyweights/109830387 NPCI-built app to foray into ecommerce space via separate division. Despite marketing challenges, BHIM aims to improve user experience through partnerships and new initiatives like BHIM 2.0.

Forex reserves drop USD 2.41 bn to USD 637.92 bn in third consecutive week of decline https://bfsi.economictimes.indiatimes.com/news/financial-services/forex-reserves-drop-usd-2-41-bn-to-usd-637-92-bn-in-third-consecutive-week-of-decline/109830276 Gold reserves decreased USD 1.275 billion to USD 55.533 billion during the week, the RBI said.

PSBs plan to set up 'green cells' for climate funding https://bfsi.economictimes.indiatimes.com/news/banking/psbs-plan-to-set-up-green-cells-for-climate-funding/109830263 State-run banks to introduce 'green cells' for ESG risk assessment and green fund management under EASE 7.0. RBI emphasizes 2.5% GDP green financing. SBI chairman pushes for incentives and CRR relaxation in regulatory policies.

HSBC has no plans to dispose of further businesses, says chairman Mark Tucker https://bfsi.economictimes.indiatimes.com/news/banking/hsbc-has-no-plans-to-dispose-of-further-businesses-says-chairman-mark-tucker/109830245 HSBC's chairman Mark Tucker reassured shareholders at the annual meeting that the bank has no immediate plans to sell more assets, signaling a shift in strategy for the banking giant. This comes after CEO Noel Quinn's unexpected retirement and a series of asset sales in Western markets as HSBC refocuses on its Asian operations.

RBI approves reappointment of Atanu Chakraborty as part-time chairman of HDFC Bank for 3 years https://bfsi.economictimes.indiatimes.com/news/banking/rbi-approves-reappointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank-for-3-years/109830224 Atanu Chakraborty has been reappointed as the part-time chairman of HDFC Bank by the Reserve Bank of India for a three-year term from May 5, 2024, to May 4, 2027. With a 35-year tenure in the Indian Administrative Service (IAS) in the Gujarat cadre, Chakraborty has extensive experience in finance, economic policy, infrastructure, and petroleum and natural gas sectors. He held key positions in the Union Government, including Secretary in the Ministry of Finance-Department of Economic Affairs, where he oversaw economic policy-making and budget formulation.

Banks homing in on a bigger share of expanding real estate pie https://bfsi.economictimes.indiatimes.com/news/banking/banks-homing-in-on-a-bigger-share-of-expanding-real-estate-pie/109830212 The real estate sector is growing across segments said property analysts. Top seven property markets in the country registered total sales of 74,486 apartments during the quarter.

Carlyle sells 2% in Yes Bank for Rs 1,441 crore https://bfsi.economictimes.indiatimes.com/news/banking/carlyle-sells-2-in-yes-bank-for-rs-1441-crore/109830191 In Feb this year, the Group pared a 1.3% stake in private sector lender Yes Bank for Rs 1,057 crore.

RBI WPS (DEPR): 04/2024: Assessing the Impact of Macroprudential Policies on Housing Credit Dynamics: Evidence from India http://www.rbi.org.in/scripts/AnnualReportPublications.aspx?Id=22444