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Public sector bank stocks rise up to 4 percent as the government prepares to speed up its stake sale in five state-run banks through QIP and OFS routes.
The Reserve Bank of India has approved the reappointment of Sandeep Batra as executive director of ICICI Bank for two years, pending shareholder approval.
RBI surprise repo rate cut and phased CRR reduction are expected to support liquidity and help banks recover their earnings faster by easing pressure on margins
The Reserve Bank of India reduced the repo rate by 50 basis points to 5.5 percent on June 6, 2025, marking the third consecutive rate cut. The monetary policy stance has returned to neutral amid a fragile global growth environment.
Yes Bank to raise Rs 16,000 crore through equity and debt, backed by strategic investment from Japan's SMBC. The move includes governance changes and board representation for SMBC and SBI.
A Manimekhalai concluded her tenure as MD and CEO of Union Bank of India on June 2, 2025. Asheesh Pandey is recommended as her successor by the Financial Services Institutional Bureau.