GTL's consortium of lenders includes SBI, ICICI Bank, Standard Chartered, Bank of India, Bank of Baroda and Axis Bank.
In an interview with ET, Rana Kapoor spoke on the challenges the new entrants would face and how the current regulatory framework would have to evolve to facilitate this move.
Selective lending to existing customers and focus on secured credit have helped foreign banks' Indian operations report a sharp decline in bad loans.
Dhanlaxmi Bank, the Thrissur-based private sector lender has scrapped its Rs 290-crore share sales to funds, as one of the investors, Customers Bancorp Inc, failed to get regulatory approval from the US Federal Reserve.
Dhanlaxmi Bank has scrapped its Rs 290-crore share sales to funds, as one of the investors, Customers Bancorp Inc, failed to get regulatory approval from the US Federal Reserve.
Standard Chartered Bank India country head Neeraj Swaroop will move to Singapore as CEO of South East Asia as part of a string of senior-level changes in the bank’s operations in India.
CitiFinancial Consumer Finance India, the retail lending unit of Citigroup, is negotiating with private banks to sell its assets as the sale of the global unit gets delayed.
IndusInd MD & CEO Romesh Sobti in an interview told ET the bank’s ‘333’ slogan to triple revenues in 3 years and get to the top three position helped revamp structure. He also talked about bank's transformation & the way forward.
UBS Apac CEO Alex Wilmot-Sitwell says the bank will fully abide by the regulations of RBI while looking at enhancing the asset management business in India
UK-headquartered bank is reviewing options as even a 'huge discount' fails to lure buyers.
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