ICICI bank said that it has appointed NS Kannan as CFO and K Ramkumar as head of operations.

ICICI Bank appoints CFO, head of operations

Business Standard

Acknowledging that credit growth had moderated in the past few months, Reserve Bank Deputy Governor Rakesh Mohan today attributed the trend to the risk aversion of private and foreign banks.

Pvt, foreign banks slowing credit growth: RBI

Press Trust of India

Swiss financial services major UBS will be cutting about 2,000 jobs this year after the entity incurred a huge loss of 8.1 billion Swiss francs for the December quarter.

UBS to slash 2,000 more jobs; posts huge Q4 loss

Global financial services firm Goldman Sachs today said it has infused Rs 485 crore in its wholly-owned non-banking financial company (NBFC) to expand its credit trading and investing businesses.

Goldman Sachs infuses Rs 485 cr into NBFC

The Reserve Bank of India's (RBI) employees would go on one-day nation-wide strike on February 20 to press for restoration of updated pension scheme and other issues.

RBI staff to go on strike on Feb 20

Kotak Investment Banking, a leading investment banker, has entered into an alliance with GCA Savvian Corporation, a major investment banking unit from Japan to advise Indian and Japanese companies on cross-border mergers and acquisitions.

Kotak in alliance with GCA Savvian for M&A deals

Allahabad Bank is restructuring and rescheduling loans worth almost Rs 125 crore in Uttar Pradesh as the repayment capacity of several individuals and companies has come under strain due to the current economic slowdown.

Allahabad Bank restructuring Rs 125 cr loan in Uttar Pradesh

The private equity (PE) space is likely to see an increased activity in the coming days, as several PE firms are planning new investments.

PE funds look for projects

UBS, the embattled Swiss banking giant, today announced it will slash over 2,000 jobs in its investment banking division, following a hefty loss of $6.9 billion in fourth quarter, but India is unlikely to be severely affected by the proposed downsizing at its securities unit.

UBS to cut 2,000 jobs

Reserve Bank of India (RBI) Governor D Subbarao today said that unwinding of excess liquidity would need to be carefully calibrated once the economy recovered.

We will respond to the crisis as it unfolds: Subbarao

With a view to instill professionalism in the working of the Urban Co-operative Banks (UCBs) and revive the potentially viable UCBs in the state, the Orissa government has signed a memorandum of understanding (MoU) with the Reserve Bank of India (RBI).

State inks pact with Reserve Bank for revival of Urban Co-operative Banks

HDFC Bank will set up an integrated operations hub in the newly constructed commercial area called Ecospace, built by Ambuja Realty at New Town or Rajarhaat near Kolkata.

Ecospace bags HDFC Bank hub

As the financial year draws to a close, public sector banks have started shedding non-performing assets (NPAs) through sale to asset reconstruction companies (ARCs) and enforcement of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act.

Banks step up sale of bad debt

Plans to start with Rs 500 cr investment.

PTC India to foray into PE business

The Goldman Sachs Group today announced a capital infusion of Rs 370 crore in its wholly-owned, non-banking financial company (NBFC), Pratham Investments and Trading. Subsequently, the company&rsquo;s total capital base would go up to Rs 485 crore.

Goldman Sachs invests Rs 370 cr in NBFC arm

The recovery of outstanding farm loans in cooperative banks has dipped by up to 40 per cent after the introduction of the agriculture debt waiver scheme, the National Cooperative Agriculture and Rural Development Bank&rsquo;s Federation (NCARDBF) said today.

Cooperatives see decline in debt recovery

Smart cards have been outsmarted as the country&rsquo;s largest lender, State Bank of India (SBI), has come up with a card-less transactions that requires only an account holder&rsquo;s fingerprints.

Plastic is out, fingerprints are in

Acknowledging that the credit growth has moderated in a couple of months, Reserve Bank Deputy Governor Rakesh Mohan today attributed the trend to risk aversion of the private and foreign banks.

Banks' risk aversion slowing down credit growth, says RBI

Debt mutual funds continue to have high exposures to realty and non-banking financial companies (NBFCs).

Debt funds have high exposure to real estate firms, NBFCs

Bond yields moved up sharply as the government announced plans to borrow another Rs 46,000 crore by the end of March.

Bond yields up on higher govt borrowing

The country&rsquo;s financial payment and clearing system will once again come to a standstill on February 20 following an one-day token strike by the employees of the Reserve Bank of India, including officers up to the rank of chief general managers to protest the government&rsquo;s decision to withdraw pension updation scheme of the central bank employees.

RBI staff plans strike on Feb 20

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