Dalal brings over 25 years of experience with 14 years from within the bank and has held several leadership roles across equities and prime finance for the investment bank and most recently as head of the Deutsche CIB Centre global delivery hub.

These banks have written to the Reserve Bank of India to permit them to operate with bigger banks and NBFCs, as they have the products and reach but are at a disadvantage when it comes to resources, two people familiar with the matter said.

JC Flowers ARC won the non-performing loan portfolio in an uncontested Swiss auction for Rs 11,183 crore, after Cerberus Capital and Asset Reconstruction Company of India (Arcil) that had teamed up for a bid dropped out of the race, as reported by ET on September 9.

Banks collectively through the Indian Banks' Association (IBA) reached out to the government over the issue last month, people familiar with the development said.

In another release, it said a penalty of Rs 59.10 lakh has been imposed on Woori Bank for non-compliance with RBI's directions on 'Creation of a Central Repository of Large Common Exposures - Across Banks'.

"The framework is designed to strike a balance between the need for an innovative and inclusive system while at the same time ensuring that the regulatory arbitrage is not exploited to the detriment to the customer's interest," Rao said at an event organised by industry grouping Assocham.

​​​​​Vadirajacharya Inamdar issued a SBI cheque for Rs 6,000 to Hubli Electricity Supply Company Limited (HESCOM) towards his electricity bill on September 3, 2020. The SBI branch wrongly identified the Kannada numeral nine as six and, therefore, dishonoured the cheque. The numeral nine indicated the month of September, but the bank read it as June.

We know that we are losing ground there and we are picking up. We also have tied up with almost 25 fintech companies now, which we want to scale up to almost 100 by the end of the year. We have a subsidiary and I am going to recruit from there for marketing. We have got a very good spread of branches in the south, and even here too, we have got 45% to 50% of our branches in rural centres, and this we will activate.

Under the Paynearby tie-up, Axis Bank aims to source better lending opportunities on a range of products. These products are aimed at both the individual and small enterprises that qualify for the PSL tag.