 "KVS Manian begins his challenging tenure as CEO of Federal Bank, tasked with boosting deposits and maintaining sustainable growth.")
KVS Manian has officially started his role as the managing director and CEO of Federal Bank, taking over the position on Monday. With nearly 30 years of banking experience, including a long tenure at Kotak Mahindra Bank, Manian is expected to enhance the bank’s sustainable growth strategy. One of his main challenges will be to ...
 "Household savings decline as borrowing rises, with a dramatic shift from deposits to diverse financial assets in India.")
A recent report by BCG reveals significant shifts in household finances in India over the past decade. While household deposits as a percentage of GDP dropped from 6.1% to 4.1% in 2023, borrowing increased from 3.3% to 5.8%. This trend shows that unsecured lending in India is now comparable to that in the United States. ...
Today’s Current Affairs: Understanding the Benefits of Senior Citizens FDs Fixed deposits have always been a go-to investment choice for many Indians, especially senior citizens seeking stability and regular income. Senior Citizen FDs, designed specifically for this demographic, offer higher interest rates and other advantages. It’s important to grasp the intricacies of these investments to ...
