As they go increasingly digital, banks and other lenders are trying to attract the best tech talent with fat pay packets.Hikes of 25%, together with ESOPs thrown in, are not unusual for a top-class techie with a flair for analytics, said Anshul Lodha, regional director (BFSI), Michael Page...
The Reserve Bank of India (RBI) said Saturday it has not issued any direction with regard to a five-day a week working for commercial banks. “It has been reported in certain sections of the media that commercial banks would have a 5-day week in terms of RBI instructions....
India’s major private sector lender HDFC Bank reported robust Q4 results for the January-March period, even as asset quality improved and provisions declined. HDFC Bank reported a 23% on-year rise in net profit to Rs 5,885 crore, the private lender said in a stock exchange filing. The profit...
Prime Minister Narendra Modi in 2016 approved the constitution of the BBB as a body of eminent professionals and officials to make recommendations for appointment of whole-time directors as well as non-executive chairmen of PSBs.The Banks Board Bureau (BBB), the apex body for selection of whole-time directors of...
Retail loan growth slows as consumption, auto sales fallGrowth in banks’ retail loan portfolios have been on a downward trend since November 2018 amid slowing consumption demand and falling auto sales, showed data from the Reserve Bank of India (RBI). At 16.7% year-on-year (y-o-y), growth in retail loan...
“What’s really cool is that you can keep updated with your trustee payments online,” the intake specialist at my new bankruptcy attorney’s office told me. I nodded, not sure how else to respond. After finally deciding to file for bankruptcy, everything had happened so quickly. Two weeks earlier, I’d...