Somasroy Chakraborty
 "Somasroy Chakraborty")
Somasroy Chakraborty
Page 17 - Somasroy Chakraborty
Now, mid-income segment to be offered Amex cards
American Express Banking Corp offering fabled 'black card' to world's wealthiest plans to introduce credit card for mid-income groups in India by end of this week
 "Now, mid-income segment to be offered Amex cards")
Having right people on the board is critical to the bank's success: Surrinder Kapur
Interview with former non-executive chairman, YES Bank
 "Having right people on the board is critical to the bank's success: Surrinder Kapur")
Kapoor vs Kapur
The author tells the inside story of the YES Bank feud
 "Kapoor vs Kapur")
Fewer customers revolving their credit card dues
Awareness about need to have good credit record prompts users to pay on time
 "Fewer customers revolving their credit card dues")
India Inc prefers to rejig loans outside CDR
Outstanding restructured advances of 10 large banks stood at Rs 1,77,333 cr, of which only Rs 58,366 cr is under corporate debt restructuring cell
 "India Inc prefers to rejig loans outside CDR")
YES Bank promoters may opt to settle dispute out of court
A source indicated that disagreement between promoters primarily over right to nominate directors on bank's board
 "YES Bank promoters may opt to settle dispute out of court")
3 new YES Bank directors reluctantly in the spotlight
The private lender resorted to paper balloting and overall 57% of the total shareholder ownership votes were polled
Shareholders can't dictate directors' appointment, says Rana Kapoor
Says the board has to meet fit-and-proper guidelines of RBI
 "Shareholders can't dictate directors' appointment, says Rana Kapoor")
One cannot just induct his or her relatives on the board of a bank: Rana Kapoor
Interview with MD & CEO, YES Bank
'Majority of shareholders say YES to directors' appointment'
Co-founder's widow alleges she was not consulted, as mandated by the bank's articles of association
From ICICI to YES: Meet Shagun Kapur Gogia
Late founder Ashok Kapur's daughter has successfully carved out her own space in the financial world
Companies staring at unhedged forex exposure
Indian currency has depreciated more than 5.5% against US dollar since beginning of May
 "Companies staring at unhedged forex exposure")
Axis Bank introduces new senior privilege savings account
The account also comes with a special senior citizen ID card for emergency use
 "Axis Bank introduces new senior privilege savings account")
IndusInd allows customers to choose their bank account numbers
Customers can now choose from their lucky, favorite, phone number, birth date or just something simple as their bank account number
 "IndusInd allows customers to choose their bank account numbers")
L&T Finance may have to tweak structure for banking foray
RBI says private players aspiring to enter banking space needs to create a non-operative financial holding company
 "L&T Finance may have to tweak structure for banking foray")
Rs 5,500-cr loans may become NPAs by September-end
Four micro-lenders seek second round of debt restructuring
 "Rs 5,500-cr loans may become NPAs by September-end")
HDFC Bank to re-examine KYC details of pre-'08 a/cs
The move comes after Cobrapost, an online magazine, alleged that HDFC Bank was one of the private lenders that violated KYC, anti-money laundering rules
 "HDFC Bank to re-examine KYC details of pre-'08 a/cs")
Nokia Siemens to close Kolkata factory
Nokia Siemens Networks had 65 employees on its permanent payroll in the Kolkata facility
 "Nokia Siemens to close Kolkata factory")
It is not a market for quick gains: Anup Maheshwari
Interview with EVP & Head-Equities & Corporate Strategy, DSP BlackRock
 "It is not a market for quick gains: Anup Maheshwari")
New debt recast norms likely to stress state-run banks' profitability
Public sector banks have bigger restructured portfolios than private lenders
 "New debt recast norms likely to stress state-run banks' profitability")
