Banker

'My income (isn't) directly tied to the hours I work (anymore), but rather, to the impact I make, which is liberating,' Nischa Shah said. She has over 1 million subscribers on YouTube.

Millionaire banker resigns; faces charges for punching woman in viral Pride event video

Jonathan Kaye's surrender came after the video of the incident spread online and leaflets with his photo were posted around his affluent neighbourhood, where he resides in a $4 million townhouse with his family.

Eight Roads Ventures appoints former Avendus investment banker as partner

At Avendus Capital, Chintan Kothari led its healthcare vertical. Before Avendus, he was leading led the healthcare and consumer investment banking verticals for Citigroup

Morgan Stanley to slash 2022 banker bonuses in Asia by up to half: Sources

The scale of the cuts in Asia could be replicated in Morgan Stanley's U.S. and European operations, and would be in contrast with 2021 when its top bankers earned up to 20% more in bonuses globally, said the sources.

Veteran banker Anshu Jain passes away at 59. All you need to know

Anshu Jain was working alongside Howard W Lutnick, Chairman and Chief Executive Officer of Cantor Fitzgerald before his untimely demise.

Sebi slaps Rs 15 lakh fine on Corporate Strategic Allianz

Markets regulator today imposed a total fine of Rs 15 lakh on Corporate Strategic Allianz for violating 'merchant banker regulations.

RBI, bankers worried over cyber security on e-payments: Naidu

There is a need to convince the public to take the digital route for making transactions, says Arvind Panagariya, Vice Chairman of NITI Aayog. But the issue of cyber security remains and will be looked into, he adds.

BoE's Carney faces up to pressure from prices and politics

After rushing to stabilise Britain's economy in the weeks after June's vote to leave the European Union, including the BoE's first rate cut since 2009, Carney faces a more nuanced but no easier task next week, when he will explain the Bank's latest thinking on the impact of the Brexit vote.

Naina Lal Kidwai sees 25-50 bps rate cut by RBI by year-end

The HSBC India head also noted that steps have been taken on the strengths that need to come to our public sector banks, adding that much still needs to be done.

Coal scam: Court to hear Hindalco's case on September 14

Special CBI Judge Bharat Parashar deferred the matter as the operations of the order passed by him summoning Manmohan Singh, Birla and others as accused have been stayed by the apex court.

NDB key step forward in BRICS cooperation: Li to Kamath

"This is great progress in financial cooperation among developing countries and emerging economies, as well as a helpful supplement to the global financial system," Li told the eminent Indian banker.

Modi to arrive in Russia on Wed to attend BRICS, SCO meet

At the SCO Summit, India is expected to be accorded full membership of the six-nation grouping of China, Russia, Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan.

Morgan Stanley chief defends 25% pay hike

Morgan Stanley Chairman and CEO James Gorman defended the 25 percent pay hike he was awarded last year – reportedly the highest among Wall Street chief executives – saying it was justified by the bank's performance.

Disruptive digital tech threat keeps me awake: Uday Kotak

The founder and executive vice chairman of Kotak Mahindra Bank said technological innovation does offer huge business opportunities for India's banking sector. But it could also change the face of the industry.

Avantha Holdings to sell 4.2 cr Crompton Greaves shares

Avantha Holdings has decided to sell 4.2 crore shares in Crompton Greaves via a block deal at Rs 198-204 per share. Goldman Sachs is the sole banker to the Avantha Holdings-Crompton deal.

Book Review: The Alchemists

In The Alchemists, Neil Irwin explains how central banks have come to acquire so much power in today's globalised world.

Bankers seek 50 bps cut in lending rates, CRR on Jan 29

Bankers today asked the RBI to reduce the key policy rates by 50 basis points (0.5 per cent) and slash cash reserve ratio (CRR) by 25-50 basis points in the credit policy review scheduled for January 29.

Pre-Budget meet: Bankers look for comm transaction tax

Fiscal consolidation and political expectations of a populist Budget are likely to shape the finance ministry's thinking this February. No wonder then that pre-Budget discussions have focused on revenue enhancement - via new taxes.

Suzlon moving CDR cell to give lenders time: SBI

State Bank of India, a major banker for debt-laden Suzlon, today said the wind turbine maker's move to approach corporate debt restructuring cell would give more time for lenders to sort out the issues.

Govt steps back, says deposit directive not final

The government has backtracked from a directive issued to state-run banks that put a cap on holdings of bulk deposits and certificates of deposit (CDs) saying the rules were not final, banking sources said on Thursday.

Over-exposure to few large cos risky for banks: Uday Kotak

Eminent banker Uday Kotak has said that Indian banks face some 'real' risks from their disproportionate exposure to a few large companies, particularly in sensitive sectors like infrastructure.

Kochhar, Kamath chuck doomsayers, say India story fine

Amid a growing number of industry leaders expressing anguish over policy paralysis, top banker Chanda Kochhar has said that people are talking more about challenges while taking the positives for granted.

FCCB redemption woes: Only option to buyback at discount

Indian companies with convertible foreign loans that are coming up for redemption are stuck on all fronts. Bankers say the only option is for these companies to buy back their loans at the current discounted rates but even cash for this will be tough to get, reports CNBC-TV18's Gopika Gopakumar.

Europe crisis raises banks' risk by 300b euro: IMF

Europe's debt crisis has increased the risk exposure of banks in the region by 300 billion euros and they need to recapitalize to ensure they can weather potential losses, the International Monetary Fund said on Wednesday.

Pre-credit policy meet: Bankers seek RBI to cut rates

The Reserve Bank of India (RBI) had held the pre-credit policy meeting today. Bankers were likely to seek some relief from the RBI to cool off inflation, reports CNBC-TV18.