Salil Panchal (@Salspl) profile picture

Journalist with Forbes India, wildlife enthusiast and a reluctant maverick. Views are personal.

Mumbai, INDIA
Joined September 2011
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Salil Panchal retweeted
Kotak Mahindra Bank faces another leadership transition as CEO Ashok Vaswani announces his exit, with the lender also navigating challenges in deposits, lending and core banking growth. (@Salspl reports) #KotakMahindraBank #Banking #Leadership fortuneindia.com/personal-fi…
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Former HDFC Bank chairman Atanu Chakraborty questioned the need for an independent legal review, saying the law firms did not explain its scope or legal basis. (@Salspl reports) #HDFCBank #AtanuChakraborty fortuneindia.com/business-ne…
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At a time when the Reserve Bank of India (RBI) is pushing for growth through several interest rates cuts, FY26’s June-ended quarter has been weak for several of India’s lenders. By @Salspl forbesindia.com/article/news…
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.@vivekgambhir served as a jury member at the prestigious 14th @ForbesIndia Leadership Awards, which honor business leaders driving innovation, creating meaningful impact, and showcasing entrepreneurial excellence. Congratulations to all the winners! #fila2025 @suveensinha @Salspl @nainithaker @naandikat @ArakaliHari
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No intentions to reduce dependency on Taiwan's TSMC: Nvidia's Jensen Huang On the sidelines of the Nvidia AI Summit in Mumbai, Jensen Huang, co-founder and CEO of Nvidia, told Forbes India during a press conference that the company has no immediate plans to reduce its dependency on Taiwan Semiconductor Manufacturing Company (TSMC). As the world's largest foundry, TSMC has been Nvidia's manufacturing partner for over two decades, producing high-performance GPUs using its cutting-edge 5nm and 4nm process nodes.
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Kotak Mahindra Bank acquires Standard Chartered India's personal loan book. The acquisition will help Kotak Mahindra Bank expand its unsecured loan book. But it will need to scout for larger acquisitions in the future to push ahead of its nearest rival Axis Bank: forbesindia.com/article/news… By @Salspl
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India’s ecommerce giant Flipkart’s credit-first UPI app @supermoney has plans to move aggressively into becoming a secured lender in coming months, rather than just a UPI-first payments gateway app. Here are the details: forbesindia.com/article/news… By @Salspl
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The window for banks to continue to hike deposit rates—to attract customers when returns from other asset classes is higher—is starting to shut, with easing of interest rates looming. New age small financial banks appear to have taken the lead: @Salspl✍️ forbesindia.com/article/take…
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Watch our expert panel decode the Finance Minister's proposals for FY25, as stock markets fall. Joining Forbes India deputy editor @Salspl are Rajiv Anand, deputy MD, @AxisBank, and Mousami Nagarsenkar, partner, @DeloitteIndia ⤵️ youtu.be/tt0DW3oslCc #Budget2024 #BudgetwithForbesIndia #UnionBudget #NirmalaSitharaman
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Appeasement would be one of the easy ways to describe what the government set out to do through its #Budget2024 presented in Parliament on Tuesday, during the third term of the ruling government forbesindia.com/article/news… By @Salspl & Samar Srivastava
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The government has gone full throttle in a bid to strengthen the ecosystem and create more employment, with incentives being provided to employers as well. FM Nirmala Sitharaman announced a three-pronged strategy to boost job creation forbesindia.com/article/news… By @Salspl
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One97 Communications Limited, which owns payments and financial services distribution company Paytm, reported a widening of consolidated loss for the March-ended quarter. Analysts continue to be conservative in their outlook towards #Paytm and the stock itself: forbesindia.com/article/news… By @Salspl
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Amidst their significant growth, fintechs still have room to improve profitability. @JainAnuvrat shares insights with @Salspl from @ForbesIndia on innovation and the future of financial services & fintech. Key takeaways: - India's payment ecosystem, especially UPI, is advanced, boasting over 300 million users. - Collaboration among banks, regulators, and forex houses is crucial for success in cross-border payments. - Diversifying revenue streams, establishing partnerships with banks, and strengthening compliance with regulatory norms are essential for sustained growth and impact. Read more: forbesindia.com/article/lead…
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