BUSINESS
Big push for infra projects: AIIB to invest $1.4 billion in India, says Piyush Goyal
On challenges related to land acquisition pertaining to infrastructure projects, Goyal said that he doesn't see stress in acquiring land if it can be availed by consent
BUSINESS
Bankers extend support to arrested Bank of Maharashtra officials, raise debate of pressure on state banks
Since earlier this year, many bankers have had to go through multiple rounds of questioning following scams in the sector.
BUSINESS
ICICI Bank gets third whistleblower complaint on irregularities, incorrect accounting
Since 2016, this is the third whistleblower complaint the bank has received for alleged impropriety in giving loans
BUSINESS
Bankers worry over arrest of Bank of Maharashtra CEO, want Govt to intervene
IBA will also ask the government to consider an insurance cover for bankers for the costs incurred on fighting such cases after their retirement
BUSINESS
Bank of Maharashtra's future plans in jeopardy after top officials get arrested
The bank has now become the latest entrant in a growing list of lenders without leaders
BUSINESS
RBI MPC meet minutes: Common man seems to be experiencing inflationary pressure
At its policy meet in June, the MPC also revised its inflation forecast to 4.8-4.9 percent for the first half of FY19 and to 4.7 percent for the second half
BUSINESS
Bank of Baroda relying on AI, blockchain and robotics to scale up business
Technology has helped reduce costs, which in turn help the bank manage even low balance accounts.
BUSINESS
Can Sandeep Bakhshi help ICICI Bank get a makeover?
While many see him as an outcome-oriented leader who achieves financial numbers with calm nerves, Bakhshi has also experienced his share of controversy relating to mis-selling of insurance policies
BUSINESS
Chanda Kochhar may have stepped aside at ICICI but her shadow looms large
ICICI Bank's Board created a new position of a Chief Operating Officer (COO) overnight, to be occupied by Sandeep Bakhshi, who will report to CEO & MD Chanda Kochhar
BUSINESS
ICICI Bank in damage control mode, appoints former SC judge to probe Chanda Kochhar's role
An enquiry panel will probe allegations of corporate misconduct and quid pro quo against Kochhar, the Managing Director and CEO of the bank.
BUSINESS
HDFC Bank's Aditya Puri takes 10.5% cut in fixed salary for FY18, earns Rs 2.64 lakh a day
As per provisions of the Income Tax Act, Puri's salary for FY18 was Rs 7.26 crore, as against the Rs 8.12 crore he was paid in 2016-17
BUSINESS
Lone bidder looking to exit, IDBI Bank may have to restart IDBI Federal Life stake sale
Max Life had last week withdrawn its bid for IDBI Federal Life Insurance, after lenders refused to meet conditions put forth by the bidder
BUSINESS
Yes Bank shareholders clear Rana Kapoor's reappointment as MD and CEO for 3 years
Even as the approval comes amid high divergences in bad loans reported by Yes Bank, it continues to be a highly rated stock by investors rising over 12 percent in the last one year.
BUSINESS
Kotak Mahindra Bank is in no mood to sell its 15% stake in MCX: Uday Kotak
However, the billionaire banker refused to divulge more details on the reasons behind his decision to hold on to the stake
BUSINESS
Tata Steel favourite in Bhushan Power & Steel race, ahead of NCLAT hearing
The Committee of Creditors has found the Rs 24,500-crore bid from Tata Steel to be more favourable
BUSINESS
RBI, govt must restore confidence of depositors together: ex-RBI governor YV Reddy
Reddy says frauds such as the one at PNB affects the credibility of the RBI, when it comes to keeping the people's trust in the banking system intact
BUSINESS
Will 'bad bank' be good for the banking sector?
A bad bank is an entity or structure that buys non-performing assets (NPAs) or distressed loans from banks and recovers them
BUSINESS
ICICI Bank is a 'good bank', law will take its course, says interim FM on loan controversy
This is the first time the finance minister or any senior official from the ministry has commented on the matter.
BUSINESS
FinMin takes stock of PSBs, sets up committee to consider 'bad bank'
A bad bank is a set up that buys non-performing assets or distressed loans from banks at mostly market price. This helps banks clear its balance sheets by transferring the bad loans.
BUSINESS
Of leadership crunch and low pay: The talent crisis in public sector banks
In all, top slots at 12 such state-owned banks will have to scout for a new appointments in this year as some either retire or will have completed their term
BUSINESS
Households expect prices to rise at a faster rate over next 3 months: RBI survey
Rise in inflation expectations was cited as a key reason behind the monetary policy committee's decision to hike the policy repo rate by 25 basis points to 6.25 percent on Wednesday.
BUSINESS
Capital First, IDFC Bank merger gets RBI nod, to be completed in 5 months
Apart from the RBI, the merger process has got approval from Competition Commission of India, National Housing Board, NSE, BSE and SEBI
BUSINESS
New Chairman at ICICI Bank: A token change won't help
The present chairman MK Sharma's term ends on June 30, 2018.
BUSINESS
Changing gears: SBI Life to tie up with 8-10 banks in FY19 to overcome dependence on SBI
The life insurer is in talks with Vijaya Bank and India Post among several others for a bancassurance partnership. On the other hand, SBI says it will continue to work exclusively with SBI Life
