Axis Bank has about 45,000 employees aged 30 years on average. The private lender plans to hire around 7,000 executives by the end of March 2015.
With 22.5% in HDFC Bank, the parent lender will stay not step in as a buyer when the bank issues shares to investors for raising Rs 10,000 crore.
The bond is expected to be priced 195 basis points over the five-year US treasury, which was trading at about 1.58%, said an executive of StanChart.
The amount of loans that exited the CDR programme jumped 14% to Rs 58,205 crore from Rs 51,104 crore a year earlier, data from the CDR cell shows.
Loan recast under corporate debt restructuring jumped to Rs 18,000 cr, from Rs 12,000 cr in Q1, with Tecpro Systems taking the lead.
Improving the velocity of capital by pushing the bond markets or reviving some of the products that help capital churn is necessary, says Jaideep.
The Royal Bank of Scotland's decision to log out from India is part of a broader plan to consolidate overseas operations and grow home market.
The trend highlights the rising presence of Chinese banks in India as they try to play a larger role in supporting Chinese biz interests.
Bankers crore to the power sector.fear that the cancellation of coal blocks could lead to cost overruns that could hurt the borrowers' ability to service debt.
Bandhan Financial is in talks with global private equity funds to sell roughly 30% stake to raise Rs 2,400 cr for the new bank and expand its branches.
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