Latest news with #BinodKumar
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Business Standard
5 days ago
- Business
- Business Standard
Focus areas will be retail penetration, MSMEs: Indian Bank's Binod Kumar
Binod Kumar lines up the strategy to focus more on retail and micro, small, and medium enterprises, plans to improve technology via an investment of Rs 1,300 crore, and outlines the growth roadmap Shine Jacob Chennai Listen to This Article Binod Kumar took charge as managing director and chief executive officer of Chennai-based Indian Bank early this year. In an exclusive interview with Shine Jacob, he outlines the strategy to focus more on retail and micro, small, and medium enterprises (MSMEs), plans to improve technology via an investment of ₹1,300 crore, and gives the growth road map. Edited excerpts: What is your growth outlook for 2025-26 (FY26)? On deposits, I am expecting a growth rate of 8-10 per cent this financial year. On advances, it will be 10-12 per cent, and we are giving a CASA (current accounts and savings
Hindustan Times
12-06-2025
- General
- Hindustan Times
IGNOU invites applications for Online Master's Programme in Social Work, check course details
The School of Social Work at Indira Gandhi National Open University (IGNOU) has launched the online programme on Master of Social Work that begins from the July Session 2025. The course has been designed to cater to the rising demand for professionally trained social workers across India and internationally. Also read: IGNOU ODL, Online Admissions 2025: Register for July session via direct link here The programme also offers learners an inclusive, accessible, and flexible platform for postgraduate education in social work, along with the opportunity to deepen their theoretical and practical understanding in the field. Learners of the programme will be able to engage effectively with individuals, families, and communities, IGNOU informed. Also read: Mental Health Courses by Government: List of courses offered by IGNOU, TISS, NIMHANS and others Furthermore, the university highlighted that the MSWOL programme will open the doors to impactful careers in child welfare, healthcare, education, mental health, community development, policy advocacy, and corporate social responsibility, across governmental, corporate, and non-profit sectors. Also read: UPSC Prelims Result 2025 declared at here's what is next for qualifying candidates Programme Code: MSWOL Eligibility: Graduation in any discipline from a recognized university Medium of Instruction: English Duration: 2 Years (Minimum) | 4 Years (Maximum) Credits: 72 Examination Mode: Annual Study Materials: Digital Indian Students: ₹18,500/- per year SAARC Students: ₹29,600/- per year Non-SAARC International Students: ₹1300/- per year Candidates who are interested in the pursuing the online programme can apply through this direct link. Candidates can also contact programme coordinators Dr. Saumya and Dr. Binod Kumar at MSWOLINFO@
Indian Express
06-06-2025
- Business
- Indian Express
100 bps cut in cash reserve ratio to boost liquidity, lower cost of funds
The Reserve Bank's move to gradually lower the cash reserve ratio (CRR) of banks by 25 basis points in four equal phases to reach three per cent by the end of the year is expected to boost liquidity in the financial system. This, in turn, should reduce funding costs for banks, making borrowing cheaper for consumers and businesses, thereby encouraging private investment and domestic spending. CRR is the portion of bank deposits to be kept with the RBI. It does not carry any interest rate. According to Binod Kumar, MD and CEO, Indian Bank, CRR cut will provide liquidity at the hands of banks. 'We will ensure to pass on rate transmission immediately to support entrepreneurs and keep the economy moving forward,' Kumar said. The cut in CRR would release primary liquidity of about Rs 2.5 lakh crore to the banking system by December 2025, RBI Governor Sanjay Malhotra said. Banks can lend this money which otherwise wouldn't have fetched them any return as CRR deposits with the RBI. 'Besides providing durable liquidity, it will reduce the cost of funding of the banks, thereby helping in monetary policy transmission to the credit market. I would like to reiterate that we will continue to monitor the evolving liquidity and financial market conditions and proactively take further measures, as warranted,' Governor said. Malhotra said the comfortable liquidity surplus in the banking system has further reinforced transmission of policy repo rate cuts to short term rates. 'However, we are yet to see a perceptible transmission in the credit market segment, though we must keep in mind that it happens with some lag,' he said. Lower rates will spur the retail demand especially for affordable housing. Good monsoon coupled with lower rates augurs well for agriculture sector. It will drive consumption and will boost rural demand. 'MSMEs, which are vital to India's economy, will see improved cash flow and more room to grow,' Kumar said. With a cumulative 100 bps cut in Repo rate over just four months, the central bank has frontloaded its easing cycle. However, by reverting its stance to neutral, the RBI signals that it may now pause to assess the full transmission of these cuts before considering further action.
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Business Standard
31-05-2025
- Business
- Business Standard
Indian Bank launches new savings accounts for NRIs with global access
Indian Bank, on Saturday, rolled out new Savings Account variants specifically tailored for Non-Resident Indian (NRI), the bank said in a press release. The Bank's new offerings aimed at a seamless combination of traditional trust and modern conveniences, reinforcing its position as a trusted banking partner for NRIs around the globe. Shri Binod Kumar, managing director and CEO, said, 'At Indian Bank, we are committed to providing our NRI customers with top-notch digital banking solutions that prioritise convenience, security, and value. Our latest offerings aim to enhance the relationship between the bank and our global Indian community, ensuring they feel connected to their roots while accessing smooth banking services.' The new product is designed specifically for the changing financial lifestyles and requirements of NRIs. 'These products are packaged with top-tier debit cards—IND D'Elite, IND Premium, and IND Plus—that offer a variety of exceptional advantages, including: Airport Lounge Access (Domestic & International), Personal Accident Cover and Exclusive Loyalty Offers,' the press release said.
Time of India
26-05-2025
- Politics
- Time of India
Mixed bag, say protesting teachers after edu dept meet
1 2 Kolkata: The SSC teachers' protest saw its first signs of resolution on Monday as the principal secretary of the education department, Binod Kumar, met six representatives of the state school teachers, who had lost their jobs following a Supreme Court order in April. This meeting took place following an assurance from the state higher education minister, Bratya Basu, on Sunday. The teachers also pointed out that they would not shift to the new location near Central Park as the weather condition was not good. At the end of the two-hour meeting, which started around 1.30 pm, the six-member team expressed their satisfaction with the draft of the review petition that they were offered to examine during the discussion. But senior state officials made it clear that they were not aware when it would be heard. The teachers' representatives told reporters their demands were partially fulfilled as they were satisfied with the review petition draft but were disappointed that they were denied a meeting with chief minister Mamata Banerjee and higher education minister Bratya Basu with whom they wanted to have a discussion for a way out. Brindaban Ghosh, one of the six-member team, said none of them was ready to sit for a fresh examination and that they had communicated their demand to the official. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo "We don't want any notification for a fresh exam. We want the review petition to be accepted by the Supreme Court. The officials said the state was fighting a legal battle for us, and we are waiting to see how they bring our jobs back," he said. Rakesh Alam, another teacher, said, "We did not get all our answers, so we sent a fresh mail to the education minister. We will not sit for an exam until the meeting is held with the education minister." Pointing out that they were victims of the situation, another teacher, Habibullah, said the direction of the movement was likely to change as by "taking it to Delhi". He claimed several of those who had lost their jobs had multiple family and health problems, which made it difficult for them to appear for a test again. "We had no connection with those involved with the corruption. We passed all the verifications to get this job but suddenly, we were told about the corruption. The panel was cancelled for a small number of candidates who took undue advantage," he said. "This verdict sets a vulnerable trend in the country, showing any job panel can be cancelled..."
