Kotak Mahindra Bank MD Ashok Vaswani to Step Down After Three-Year Term

Kotak Mahindra Bank MD and CEO Ashok Vaswani will step down after his three-year term ends on December 31, 2026, having decided not to seek reappointment. The bank's board has begun the process of finding his successor.

RBI Opens FCNR(B) Swap Window, Banks Seek SBLC Relaxation for NRI Deposits

Indian banks have asked the RBI to relax guarantee rules for NRI deposits, arguing that the move could attract billions of dollars in foreign currency inflowsx rese