Bankers

The initiative by Sebi is seen as a proactive step to sensitise bank staff on insider trading regulations, particularly where the exposure to sensitive information is frequent.

FlyDubai eyes domestic airline venture through Go First acquisition

Busy Bee Airways is already in talks to acquire Go First’s trademarks and flying licence for around Rs 1,000 crore. EaseMyTrip had also shown interest in reviving GoFirst earlier.

Milky Mist kicks off IPO process: JM Financial, IIFL Capital Services and Axis Capital running mandate

Milky Mist is aiming to raise around Rs 2,000 crore (around $235 million) through its IPO, slated for later this year, sources told Moneycontrol.

State Bank of India deploys 2,000 bankers to woo the wealthy

The bank’s wealth management unit is “old” and it wants to change its approach to how it tackles this business, according to Chairman Dinesh Khara.

Go First revival in further jeopardy as the airline may lose airport slots, international flying rights

The government had temporarily allocated the flying rights of Go First in the Winter Schedule for 2023 and Summer Schedule for 2024, and these are likely to be made permanent by the end of the month

There's a good reason why Wall Street is overpaying bankers

Morgan Stanley CEO James Gorman predicts a rebound in deals once the Federal Reserve signals it’s done raising interest rates, so better to lock in the talent now

Bankers target 25-30% increase in footfall at ATMs after UPI-ATM services

India’s first UPI-ATM feature was launched by the National Payments Corporation of India on September 5, this year. It uses a cardless cash withdrawal technology that makes the process easier and more convenient.

'Really frightening': Bankers on people taking financial advice from influencers

There is clearly a gap in the industry if people are looking to influencers on social media with no financial or other kind of qualifications, the bankers said, adding that they need to fill it.

RBI’s wilful defaulter loan settlement move: Trade unions see red, bankers welcome framework

On June 8, the RBI issued a circular which said that regulated entities may undertake compromise settlements of accounts categorised as wilful defaulters, without prejudice to the criminal proceedings against them. While some bankers say it will help to recover money faster, unions argue it will promote fraudsters.

Bankers await signs on RBI's liquidity approach amid persisting disconnect

Banks in India have been reluctant to park their surplus liquidity with the Reserve Bank of India (RBI) for longer periods of time to avoid the risk of a potential shortfall - an approach the RBI would like changed as surplus money in the system could potentially prove inflationary.

Bankers see Asia-Middle East dual listings as a budding trend

The first such deal is already in the works. Olam Group Ltd., one of Asia’s biggest commodity traders, is planning to list its agribusiness unit in its home market of Singapore as well as Saudi Arabia in what it says would be the first listing of a global company in the kingdom.

Rs 2,000 note withdrawal: Crowds unlikely, people have enough time, say bankers

A repeat of the demonetisation rush is not expected because not too many Rs 2,000 notes are in circulation, bankers tell Moneycontrol

The country where bankers’ pay is booming: Saudi Arabia

State vehicles like his Public Investment Fund, with more than $600 billion of assets, are hiring at breakneck speed, often recruiting staff from foreign firms based in the country.

Crisis jolts Wall Street bankers already resigned to tough job market

The failure of two U.S. banks - Silicon Valley Bank and Signature Bank - shook confidence in the industry and prompted government intervention to protect the financial system. That turbulence may prompt banks to pare back their lending and slow economic activity, according to industry experts.

Bankers highly optimistic about credit demand across sectors: RBI survey

"We observe that bankers are highly optimistic of credit demand across all the main sectors in the coming quarters, viz., Q4:2022-23 to Q2:2023-24," a paper based on the survey released in the February bulletin of the RBI said.

Adani says $2.5 billion FPO 'as per schedule' after report says bankers considering delay, price cut

"There is no change in either the schedule or the issue price. All our stakeholders including bankers and investors have full faith in the FPO. We are extremely confident about the success of the FPO," Adani Enterprises said.

Bankers push to end unusual delisting rules amid deal boom

They hope the Securities and Exchange Board of India, under new chief executive Madhabi Puri Buch, will amend the rules after the regulator made changes to a framework in 2021 that made it easier to delist a company if there was a change in control.

Rothschild plans to hire seven bankers in India before year-end

The firm, which currently has 18 staff in the country, is looking to hire from analyst to vice president levels across sectors such as health care and technology, according to Aalok Shah, managing director for India.

Russia excludes some IT professionals, bankers and state journalists from mobilisation

Defence Minister Sergei Shoigu said earlier this week Russia would seek to call up 300,000 additional troops for Russia’s war in Ukraine in what the Kremlin has called a ”partial mobilisation”.

Bankers turned billionaires for an instant, then came 89% crash

Magic Empire Global Ltd., which provides underwriting and advisory services and has helped just one company go public in two years, soared as much as 6,149% since debuting in the US on Friday, giving it a market value of $5 billion at one point.

Nervous staff and no bankers: Western firms struggle to exit Russia

Companies have been wrestling with how to exit in ways that limit the financial impact, do not put employees at risk and, in some cases, offer the opportunity to return in future.

India defies global slump with record $82 billion deal spree

India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on record, according to data compiled by Bloomberg.

GoFirst may launch IPO in July-September as sentiment improves over aviation stocks

The share offering is being planned amid a sharp rise in aviation turbine fuel prices, which is making air travel costlier.

FinMin puts in place measures to protect prudent commercial decision of bankers

Powers have been delegated by Department of Financial Services (DFS) to the Boards of public sector lenders to put in place a suitable mechanism for ensuring compliance of the various timelines laid down in RBI and CVC circulars, an official statement said.

Editor's Take | The futility of Shaktikanta Das’ meeting with bankers

Vaibhavi Khanwalkar is in conversation with Ravi Krishnan, Deputy Executive Editor, Moneycontrol, to discuss Shantikanta Das' upcoming meeting with bankers.