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RBL Bank appoints R Subramaniakumar as new MD & CEO

In a regulatory filing, private lender RBL Bank, today announced the appointment of veteran banker R Subramaniakumar as its new managing director and chief executive officer. The announcement comes nearly six months after 's long-term MD & CEO Vishwahir Ahuja had stepped down. The appointment has been made for

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Pass-through of rate hikes to lift bank margins sharply

Banks are expected to post steep net interest margins due to a near-total pass-through of Reserve Bank of India's policy rate hike under the External Benchmark Lending Rate (EBLR) regime. They have passed on the entire 90-basis-point increase in RBI's repo rate to their lending rate, making home loans, car

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