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FSIB Recommends Rana Ashutosh for State Bank's MD Post

Rana Ashutosh Kumar Singh recommended by FSIB for SBI MD post, pending Appointments Committee of the Cabinet approval under PM Modi s leadership. FSIB, led by Bhanu Pratap Sharma, conducted the selection process. Singh currently serves as SBI s deputy MD. ....

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Axis Bank market cap: Axis Bank snatches the crown of 4th largest bank from RBI-hit Kotak

Kotak Mahindra Bank loses fourth position to Axis Bank on Dalal Street. Shares drop 10% post RBI ban. Analysts foresee derating if issues persist, impacting profitability and growth trajectory. ....

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Credit card usage India: Online credit card spends rise 20% YoY in March to a record high of Rs 1 lakh crore

In March, online credit card spending surged past Rs 1 lakh crore for the first time, hitting Rs 1,04,081 crore, marking a 20% rise from March 2023 and a 10% increase from February 2024. This reflected a growing trend of using cards for smaller purchases. HDFC Bank led the market share at 20.2%, followed by SBI, ICICI Bank, Axis Bank, and Kotak Mahindra Bank. ....

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