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Stance to spur growth28-OCT-09
‘The guidance for the October monetary policy is clear. There is enough liquidity in the system to meet the demand from the government and private borrowers, good growth momentum, good flow of offshore liquidity through debt and capital markets, and rock-solid stability in money markets, despite the fiscal deficit. Markets have fared well since the July policy, with a decent rally in the stock market, appreciation of the rupee and stable bond yields.
IndusInd Bank bottom line sees four-fold jump at Rs 87 cr in Q109-JUL-09
IndusInd Bank, a private sector new-age lender, reported a more than four-fold increase in net profit to Rs 86.5 crore year-on-year for the quarter ended June 30, 2009, aided by a healthy show in treasury income.
IndusInd Q4 net rises 3.5 times06-MAY-09
Helped by improved interest margins and healthy growth in fee-based income, the Hinduja Group-promoted IndusInd Bank On Tuesday said its net profit rose nearly three-and-a-half times to Rs 50.52 crore during the quarter ended March, 2009, compared with Rs 14.45 crore during the fourth quarter of 2007-08. During January-March, net interest income — or the difference between revenue from advances and the cost of funds — increased by 66 per cent to Rs 144.28, against Rs 86.97 crore
RBI sets sights on growth momentum22-APR-09
The market approached the monetary policy with a positive note and bullish undertone. All markets – money market, foreign exchange, stocks and commodity – have reversed their bearish stance (post-January 2009 policy) and exhibited signs of stability.
'The days of unlimited capital are over'05-FEB-09
IndusInd Bank Managing Director and CEO Romesh Sobti seems satisfied with what he has done with the Hindujas-promoted bank during the first year of his stint. At the same time, he tells Anirudh Laskar & Sidhartha that improvement in performance indicators and fee-based activity need to be complemented with increase in scale.
Sub-PLR loans back in vogue03-FEB-09
Banks may not be reducing their prime lending rates (PLR), but they are selectively lowering interest rates for specific segments and certain clients.
`Need to relook strategy if you don`t grow 35-40%`06-MAY-08

It's been two-and-half months since Romesh Sobti took over as the managing director and chief executive officer at IndusInd Bank.

New IndusInd team faces challenges13-DEC-07
Deputy Managing Director S Nagarajan submits resignation.
Sanyal to head ABN Amro12-DEC-07
ABN Amro today announced the appointment of Meera Sanyal as country executive. Her appointment follows the resignation of Romesh Sobti to join IndusInd Bank as the managing director and chief
Status quo on rates31-OCT-07
Romesh Sobti
EVP & Country Executive, India,
ABN AMRO Bank
Barclays bags ABN, India gets jobs24-APR-07
Barclays, Britains third-largest bank, may shift 10,800 full-time jobs to low-cost destinations, including India, after its acquisition of ABN Amro Holdings NV.
Sanctuary-ABN Amro Wildlife Awards announced09-DEC-05
Continuing with its six years of association with Sanctuary magazine, ABN Amro Bank announced the sixth Sanctuary-ABN Amro Wildlife Awards today. These awards have been instituted to recognise people
Open banking sector, urge foreign players08-SEP-05
Foreign banks eyeing the Indian market want the European Union (EU) to make a consolidated pitch for a bilateral trade agreement on the lines of the Comprehensive Economic Cooperation Agreement (CECA)
Mumbai down the drain, feels India Inc30-JUL-05
Monsoon mayhem dampens corporate chiefs' confidence in city.
Attention job seekers, banks are on the prowl02-JUL-05
Leading global private banks are in a tearing hurry to hire people. Even before getting the regulators nod for banking licences, they have started engaging headhunters.
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