Somasroy Chakraborty
 "Somasroy Chakraborty")
Somasroy Chakraborty
Page 7 - Somasroy Chakraborty
Akula hits a dead end at SKS, but his journey is not over
At the end of March this year, Akula held just 10 shares of the company, having sold almost his entire stake after his exit in 2011
 "Akula hits a dead end at SKS, but his journey is not over")
ICICI Bank cuts home loan rates by 10 bps
Interest on loans up to Rs 75 lakh now on a par with SBI; new rates valid till June 30
 "ICICI Bank cuts home loan rates by 10 bps")
Diving gold prices may not hit banks' asset quality
Cautious lending, lower LTV have reduced asset quality risks, bankers claim
 "Diving gold prices may not hit banks' asset quality")
RBL Bank appoints Rama Bijapurkar as independent director
Bijapurkar is an expert on market strategy and India's consumer economy
 "RBL Bank appoints Rama Bijapurkar as independent director")
Vikram Akula's return to SKS Microfin all but over
SKS Trust not to insist on inducting Akula on the micro-lender's board
 "Vikram Akula's return to SKS Microfin all but over")
ICICI Bank cuts its equity in UK, Canada arms
Equity investment in these arms falls to 7% of its net worth from 11% in four years
 "ICICI Bank cuts its equity in UK, Canada arms")
Carrot & stick approach behind UBI's strong NPA recovery
Top management got involved in this as sole priority, used all measures available under the rules
 "Carrot & stick approach behind UBI's strong NPA recovery")
Reliance Capital Q4 net flat
Will wait for new norms before re-applying for a banking licence
 "Reliance Capital Q4 net flat")
YES Bank case hearing adjourned till June 19
Madhu, widow of YES Bank co-founder Ashok Kapur, claimed that her right as co-promoter of bank was violated
 "YES Bank case hearing adjourned till June 19")
Top-3 pvt banks live up to expectations
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality
 "Top-3 pvt banks live up to expectations")
Axis Bank Q4 net up 18% at Rs 1,842 cr, propose share split
Declares dividend of Rs 20/share; total income rises 12%
 "Axis Bank Q4 net up 18% at Rs 1,842 cr, propose share split")
ICICI Bank Q4 net up 15% at Rs 2,652 cr led by higher other income
Rise in provisions cap earnings growth
IndusInd Bank to foray into asset reconstruction
IndusInd Bank is currently in the process of allocating capital for the asset reconstruction business
 "IndusInd Bank to foray into asset reconstruction")
 "The challenge: a bank account for everyone")
Rise in bank shares likely to limit gains
Rally won't sustain because of credit quality pressure and moderate loan growth
 "Rise in bank shares likely to limit gains")
Foreign banks keen on differentiated licence
More than one foreign lender seem game for the central bank's idea
 "Foreign banks keen on differentiated licence")
RBI asks banks to make credit card interest payment easier for users
Says interest on card balance should not be levied till next bill
 "RBI asks banks to make credit card interest payment easier for users")
 "New banks spur fresh opportunities for tech firms")
