The Reserve Bank of India has permitted LuLu group chief Yusuffali MA to hold 4.99% stake in the Thrissur-headquartered Catholic Syrian Bank or CSB.
Foreign banks operating in the country must adhere to 40% priority lending norms within five years is not achievable or sensible.
Bharti Airtel International (Netherlands), a subsidiary of Bharti Airtel, has raised $500 million through dollar bonds with a coupon of 5.043%.
Bharti Airtel International (Netherland), a wholly owned subsidiary of Bharti Airtel Ltd is set to raise upto $250 million through dollar bonds.
There may be a direct need for more than 7,000 skilled people as new players scramble for about half-a-dozen banking licences likely to be issued by RBI.
"The bank lays strong emphasis on ethical behaviour and has zero-tolerance policy with violation," Chanda Kochhar wrote to ICICI Bank staff.
The issue size of the bond could not be ascertained but the benchmark size of a dollar bond is $500 million.
The Bank is also detailing the efficacy of induction and ongoing training provided for ingraining ethical behaviour and conduct rules.
Sting operation by Cobrapost.com claimed that staff at ICICI Bank, HDFC Bank and Axis Bank were helping customers do deals that violate income-tax.
At least forty bankers face an uncertain future as they are either suspended or stripped off their roles pending inquiry into alleged money laundering.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon