Interview with Secretary, Department of Financial Services
The World Bank investment arm is likely to pump in more money for expansion plans
In a letter to the NHB, the housing finance firms pointed out that in the absence of a level-playing field in the market, large banks are luring away their customers with lower interest rates
Apart from banking operations and development, R Gandhi will be in-charge of non-banking supervision, urban banks, expenditure and budgetary control, and information technology, among others
UBI reported a net loss of Rs 1,238 cr for the quarter ended December, compared to Rs 42.2 cr of profit during the corresponding period of the previous year
Share prices of applicants crash as much as 10 per cent
Bandhan has a strong presence in India's under-banked eastern and northeastern regions
Gandhi was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor
WBIDFC already keen on a tie-up with Bandhan to leverage its 5 million customers, roped in by strong network of about 13,000 field staffs
Bank also got capital infusion of Rs 500 crore from the govt during 2013-14
RBI, yesterday had granted 'in-principle' banking licences to Bandhan and IDFC
Gains might take a while to show up in the balance sheet, believe experts
RBI advised banks disbursing GML to carry out independent credit appraisal of the borrower and not rely solely on stand-by LC/BG issued by other banks
Head hunters say the focus for existing banks would be on retaining key talent
Interview with former governor of RBI