Banks are reviewing their loan covenants to facilitate change of management in case of default by a promoter and to protect themselves from external risks.
Narendra Modi last month called for promoting cashless transactions, saying these could be the best solution for the problem of black money.
To rebuild the business, he has to focus on Indian operations which was once its best, but has fallen on bad times.
British bank may either wind down its corporate banking business and could convert into a representative office in India with a focus on deal making.
Shares of IndusInd Bank slipped 0.88% to close at Rs 858 on BSE on Thursday, a day when the exchange's benchmark index, the Sensex, gained 0.48%.
IndusInd Bank, JM Financial, Edelweiss among local institutions hiring staff fired from foreign banks
“Foreign institutions have been downsizing from the investment banking and global markets,“ said Romesh Sobti, managing director and chief executive of IndusInd Bank.
Nearly more than four decades of bank nationalisation, and numerous attempts to take finance to the poor have led to little improvement in their conditions.
Average monthly credit card spends have gone up 28.5 per cent to Rs 15,470 crore between April and October 2014 from Rs 12,035 crore a month in 2013-14: RBI Data
The no.1 non-state lender by assets saw its net bad loans expanding more than 53% from a year earlier to Rs 4,773.1 crore at the end of December.
Money transfer company GI Technology is set to apply for a payment bank licence as it looks to widen its range of offerings to customers.
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