Page 6 - Somasroy Chakraborty

Syndicate fallout: PSBs' small loans may be hit

Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own

ITC hikes cigarette prices by up to 23%

Prices of Classic and Gold Flake Kings have been increased to Rs 95 from Rs 85 for packs of 10 sticks

Srei's Q1 consolidated net profit rises 35% to Rs 64 cr

Consolidated total income stands at Rs 943 cr in April-June period, up 20% from a year ago

RBI to offer clarity on CEO age: IndusInd Bank MD

For whole-time directors (including CEO) no maximum age is specified and decisions have been taken on a case to case basis

Magma HDI General Insurance turns profitable in seven quarters

Aims for Rs 500 cr premium income in FY15

CESC to commission first phase of Haldia thermal unit in Oct

The company had earlier said it will invest around Rs 4,000 crore in this project

DCB Bank aims to double balance sheet in 3 years

The bank had closed the first quarter (April-June) of this financial year with total assets of Rs 12,884 cr

Differentiated banking licence: Local area banks hopeful on RBI move

Want scheduled bank status, more light on grey areas in draft proposals before applying to convert as small banks

KBS Local Area Bank may become a small bank

Will decide following approval from shareholders, investors

Norms on small banks fail to impress micro lenders

ICICI Bank introduces convenient banking service for Indians migrating to Canada

Service also enables customer to transfer funds in ICICI Bank Canada account when in India

ICICI Bank outpaces rivals in growing credit card biz

Adds 0.3 million credit cards in FY14; Axis Bank follows with 0.27 million

Is time running out for Dhanlaxmi Bank?

Jayakumar, who took charge in 2012, blames the previous management's unbridled expansion programmes for the lender's present crisis

UBI to focus on retail loans, eyes 30-35% growth in FY15

Kolkata-based bank closed last financial year with total advances of Rs 67,982cr

Private banks double headcount in 5 yrs

Fresh hiring might slow as banks likely to focus on improving efficiencies

Mallya gets more time on wilful defaulter tag

Kingfisher Airlines have asked UBI for some time to put forth their view on the wilful defaulter notice served to them

YES Bank terms Madhu Kapur's allegations as baseless, untenable

Writes to shareholders highlighting its performance, governance practices

J&K Bank plans to sell entire 5% stake in PNB MetLife for Rs 700 cr

MetLife International and PNB are majority shareholders in the company, with 26% and 30% stake, respectively

Madhu Kapur writes to YES Bank shareholders

Urges them to vote against majority of resolutions at AGM

We've the ability to absorb sudden shock in the system: Mushtaq Ahmad

Interview with Chairman & Chief Executive Officer, J&K Bank