Thursday, October 08
Kotak Mahindra Bank on Monday appointed of Srishti Sethi as Group Chief Risk Officer, after Paul Parambi ceases to be GCRO on June 11. Sethi is set to assume office on June 12, 2025. She will also join the bank’s senior management as a designated Senior Management Personnel (SMP) and will serve in the role for a period of five years. Parambi, who has held the GCRO position, will continue as Group President – Risk until his official retirement on June 30, 2025. He will cease to be part of the senior management at that time.“The Board of Directors of the Bank have, on June 9, 2025, appointed Ms. Srishti Sethi as the new GCRO and a SMP of the Bank, for a period of five years, with effect from June 12, 2025,” the bank said in an exchange filing.Who is Srishti Sethi? Sethi brings with h
In a move that could redefine the trajectory of India’s housing market, the Reserve Bank of India (RBI) slashed the repo rate by 50 basis points (bps) during its June 2025 monetary policy meeting, bringing it down to 5.5%—a level not seen in over three years.The central bank’s decision signals a clear shift toward a more accommodative stance in response to easing inflation and the need to stimulate demand across sectors.Among the biggest beneficiaries of this rate cut are home loan borrowers, both existing and prospective. The cost of borrowing is set to come down, leading to lower Equated Monthly Instalments (EMIs) or shorter loan tenures.For a country where housing affordability has long been a challenge—particularly in the affordable and mid-income segments—this rate cut may p
India's FY25 gross domestic product (GDP) growth of 6.5% marked a four-year low, and a sharp drop from the previous year, FY24, when the GDP had grown 9.2%. However, the economy expanded faster than expected at a four-quarter high of 7.4% in the March quarter from a year earlier, belied concerns over risks emerging from higher US tariffs and geopolitical situation.India remains the world's fastest-growing major economy, and is set to become the world’s fourth-largest by the end of 2025, as per the International Monetary Fund’s (IMF) World Economic Outlook (WEO) report released in April.Key risks to India's economic growth include tepid urban consumer demand, muted private investment and a volatile global environment. The Reserve Bank of India’s rate-setting Monetary Policy Committee
