It should be clear that if a bank gets into trouble due to bad decisions, it can be shut down adding the global economy is in a much better shape now.
DCB chief says a lean team ensures better coordination and reducing ticket size of loans to small businesses helps the sector presently witnessing a muted growth.
Outflow of money under the RBI’s liberalised remittances scheme was 22% higher than a year ago when it had touched $760 mn.
For April-January period, the outward flow of money under RBI’s liberalised remittances scheme was 22% higher than a year ago when it had touched $760m.
Sanyal shot into fame when she filed nomination papers to contest against Deora, son of Congress politician and former minister of Petroleum Murli Deora.
New rules mandate banks with over 20 branches should have 40% priority lending in 5 years, but banks say meeting target tough.
“Banks in their reports have not found any violation of KYC norms,’’ said one of the persons who did not want to be identified.
Morgan Stanley, which hired Nayak in 2009, a former chief executive at Axis Bank, and secured a bank licence, will not focus on investment banking and institutional brokerage.
After having burnt its fingers by aggressively lending to the telecom sector, Standard Chartered Bank has almost cleaned up its corporate loan book under its new country head Sunil Kaushal.
The move follows allegations of misleading sales pitch, money-laundering and inadequate controls over staff.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon