What is your outlook on the economy? Chanda Kochhar: I will take it at three levels: Macro economy, real economy and financial economy. At the macro economy...
Recently a senior executive from a Fortune 500 bank was quoted saying that he heads a technology company with a banking licence. Do you agree with...
YES BANK, yes bank ratings, yes bank ratings downgraded, downgraded ratings of yes bank, yes bank icra rating, yes bank ratring A day after Moody’s downgraded it citing poor corporate governance, its domestic arm Icra Wednesday followed suit with a similar action, downgrading Yes Bank’s long-term ratings. “The rating...
Kotak Mahindra Bank has reported a consolidated profit after tax of Rs 1,747 crore up from Rs 1,441 crore in Q2FY18, implying a 21% rise. India’s major private sector lender Kotak Mahindra Bank has reported Q2 results in-line with estimates, with consolidated net profit rising 21% to Rs 1,747...
The RBI had earlier stated that the system liquidity will move into deficit in the second half of 2018-19 and the evolving liquidity conditions would determine its choice of instruments for both transient and durable liquidity management. Ahead of Diwali festival, the Reserve Bank Tuesday announced it will inject...
SBI holidays 2018: An additional 2-day bank holiday will be observed in Bihar on November 13 and November 14 for Chhath.. (Reuters) SBI holidays 2018:  The social media is currently flooded with rumours that banks will remain closed on several days for Diwali and allied festivals triggering confusion in...
Who gets paid 1st when debt recovery happens or company goes bust; here’s what law says about secured creditors By Radhika Sankaran and Nayanika Majumdar The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act came into force on September 01, 2016 with an objective to...
RBI says no to easing of PCA rules yet; board discusses liquidity crunch, NPA issue The board of the Reserve Bank of India (RBI) is learnt to have discussed the issue of relaxing the so-called prompt corrective action (PCA) framework in a much-watched meeting on Tuesday, but no relief...
The private sector lender said Bakshi had joined the group in 1986. Adopting a seemingly cautious approach, the Reserve Bank has approved appointment of Sandeep Bakhshi as ICICI Bank’s Managing Director and Chief Executive Officer for three years as against a five-year term sought by the lender. ICICI Bank...