Page 13 - Somasroy Chakraborty

Moses Harding joins Srei as Group CEO

Leaves Lakshmi Vilas Bank after a two-month stint

Mid-sized foreign banks struggle to turn retail operations in India profitable

However, in the current environment, corporate banking can no longer be the only focus area

Andhra MFIs in a fix as Bill gathers dust

Micro-lenders are pinning their hopes on Supreme Court to get them out of the mess

Volatility raises stress on gold loan books of banks

However, scope for large-scale delinquencies limited due to frequent part-payments, regular auctions of pledged gold jewellery

Banks see rise in stress in gold loan portfolio on volatile prices

Bankers, however, claim that scope for large scale delinquencies is limited

Micro-lenders look beyond Andhra for survival

Micro-lenders claim that these new rules have turned their businesses unviable and encouraged borrowers from not repaying money

Defaults on second home loans increase

High interest, inflation & grim job scenario result in repayment hurdles

Buyers default on second home loans

High rates of interest on home loans, high food and medical inflation and grim job situation have led to repayment issues

Now, home loan cashback on RBI's radar

After banning 0% interest rate, central bank could crack down on EMI waiver too

FCNR golden goose: Great returns on borrowed capital

Foreign banks in rush to raise dollar deposits from NRIs to milk RBI's special window

Lakshmi Vilas Bank hikes domestic term deposit rates

Raised interest rates on one-year deposits by 50 bps to 10%

Magma names Chowdhury as chief people officer

Chowdhury has 17 years of experience in HR consulting across sectors

In a first, Deutsche Bank gets $450 mn via FCNR (B) swap

Raises over $450 million FCNR (B) deposits from more than 10 NRIs

Foreign lenders bank on art to attract HNI clients

DBS Bank, for example, is hosting a nine-day exhibition of paintings by eminent artists at its Kolkata branch in association with Mirage Art Gallery

Micro-lender Ujjivan diversifies its loan products to sustain growth

Launches home loan product in partnership with IFC besides micro pension programme

RBI extends Mushtaq Ahmad's tenure as J&K Bank chairman

Ahmad joined bank, where state govt owns 53.17% stake, as a probationary officer in 1972

YES Bank becomes first lender to use new swap rules

Ex-SBI MD Divakar Gupta to join Aditya Birla Group firm

To join company as consultant, will guide it for its planned entry in banking sector

Banking sector revives Lehman fears

Fact that interest rates are firm, inflation high, liquidity conditions tight and currency exchange rate volatile isn't helping

Indian banking set to become fifth largest by 2020: KPMG-CII report

Expects bank credit to grow 17% CAGR in medium-term leading to increased credit penetration