ICICI Bank, the country&rsquo;s largest private sector lender, is likely to restructure Rs 1,300 crore of loans in the current January-March quarter. Key accounts expected to be part of the exercise include those of GTL and 3i Infotech.

ICICI to recast Rs 1,300-cr loans this quarter to cover GTL, 3i Infotech debt

Business Standard

A freak injury forced Arun Khurana to give up squash, the high-speed racquet sport, a few years back. Khurana, who was recently appointed as the head of global markets business group at IndusInd Bank, now prefers to spend his weekends playing golf.

BS People: Arun Khurana

While India has been the largest recipient of remittances globally for the past few years, political unrest in the West Asian and African economies, and the crisis in Europe slowed inflows in the first half of the last calendar year.

Remittance flows to India gather pace

Language has never been a barrier for this banker while reaching out to his customers. Sanjay Shukla, the new business head for consumer assets and sales at ING Vysya Bank, makes it a point to learn the local language once he relocates to a new city.

BS People: Sanjay Shukla

The sharp decline in the rupee in the second half of 2011 has aided domestic banks with large foreign presence to report strong growth in credit portfolio, even as the demand for loans has been dwindling locally, due to high interest rates and an uncertain macro-economic environment.

Weak rupee saves the day for banks with foreign presence

Dhanlaxmi Bank's Managing Director and Chief Executive Amitabh Chaturvedi has put in his papers. The bank's board met in Mumbai and accepted his resignation.&nbsp;PG Jayakumar, the executive director of the bank will replace Chaturvedi.

Dhanlaxmi Bank MD Amitabh Chaturvedi resigns

ICICI Bank, the largest private sector lender, saw its employee base shrink by 1,300 people in the past three months of calendar year 2011, the first such significant fall in two years.

ICICI workforce down by 1,300 in three months

Amitabh Chaturvedi, managing director and chief executive of Dhanlaxmi Bank, has called it a day, three years after he took charge of the old-generation private sector lender, due to serious disagreement with other board members over the functioning and management of the bank&rsquo;s operations.

Dhanlaxmi CEO quits after board rift

The euphoria over the National Highways Authority of India&rsquo;s (NHAI) bond issuance not only allowed the public sector entity to raise money for financing its operations, but also benefited banks by helping them expand their low-cost deposit base.

NHAI bond helps banks expand current account deposits

A week after he took charge of Dhanlaxmi Bank, PG Jayakumar decided to cut costs to strengthen the financial position of the Thrissur-based private lender. The austerity drive would include salary cuts, reduction in travel expenses and decrease in discretionary spends.

Dhanlaxmi Bank on austerity drive, to cut staff salary

You can now apply for a personal loan during your lunch break, without stepping out of the office. If the paperwork is proper, you can also receive the money before you reach home at the end of the day.

HDFC Bank loan kiosks in offices soon

The Madras high court has not granted relief to a petitioner seeking the introduction of legislation in Tamil Nadu to curb microfinance activities by private players in the state.

Madras HC rejects petition to curb micro-lending in state

Microfinance companies in the country finally have something to cheer about. Banks have started offering loans to micro-lenders. Lending has been picking up in the last one month, according to industry players and bankers.

Small MFIs back in favour with banks

YES Bank has approached the World Bank group member, International Finance Corpor-ation (IFC), for a $75-million loan to augment its capital base and to prepare it for Basel-III implementation.

YES Bank seeks $75-mn debt from IFC  to augment capital base

A week ago when ICICI Bank announced its third quarter earnings, it thrilled investors on many counts. The bank&rsquo;s earnings were higher than street estimates, asset quality improved in an uncertain macro-economic environment, the pace of credit expansion was way past average industry growth, capital base remained strong, and the subsidiaries especially the life insurance arm displayed a robust performance.

ICICI Bank: Ready for lift-off?

At a time when slow economic growth has raised concern over the asset quality of banks and prompted the Reserve Bank of India (RBI) to take stock of bad loans in the system, data from banks showed.

Private, foreign banks log lower NPAs than PSU peers

According to sources, Jayakumar&rsquo;s retirement was due this month. His appointment as managing director and chief executive officer of the Thrissur-based lender is subject to the approval of the Reserve Bank of India (RBI).

Dhanlaxmi Bank extends ED's term

By her own admission, Kaku Nakhate is not the &ldquo;networking type&rdquo; and rarely goes out for lunches or dinners. Instead, she prefers to have a quick roti-sabzi in her corner office at the Bank of America (BankAm) headquarters in Mumbai&rsquo;s Nariman Point, write Shyamal Majumdar and Somasroy Chakraborty.

Lunch with BS: Kaku Nakhate

India&rsquo;s largest private sector lender, ICICI Bank, has increased service charges on savings bank accounts and has also imposed a fee on mobile transfers. It peer, HDFC Bank, had also introduced a new set of charges in January.

ICICI revises savings account charges

Ambiguity over the ownership structure and issues related to governance in some of the old-generation private banks have raised the hackles of the Reserve Bank of India (RBI), with the regulator now questioning some of these lenders on their transactions with a few companies. For instance, the central bank has enquired about Karur Vysya Bank&rsquo;s dealings with a large infrastructure company in South India.

Old-generation pvt banks come in RBI's line of fire

Bhartiya Samruddhi Finance (BSFL), the microfinance arm of BASIX Group, has requested banks to convert Rs 400 crore loans into tier-I equity capital that will allow the firm meet the new provisioning and capital adequacy norms for micro-lenders. In addition, the company has also sought permission to defer repayment of around Rs 350 crore debts.

Somasroy Chakraborty

Somasroy Chakraborty

Page 38 - Somasroy Chakraborty