Page 731 - Finance News

Standard Chartered Bank to lay off about 200 employees in India

It has around 7,000 staffers in this country, being the largest international bank in India, with 100 branches in 43 cities

Portfolio reshuffle of four RBI deputy governors likely before April

Of particular import is the portfolio of the highly sensitive Department of Banking Regulation (DBR) under the charge of N S Vishwanathan

PSBs seek easing of loan recast rules in first meet with new RBI Governor

The RBI has injected durable liquidity through open market operations of Rs 1.36 trillion in the current financial year

Standard Chartered Bank to lay off about 200 employees in India

When contacted, a Standard Chartered Bank spokesperson confirmed the downsizing

LIC slows down first-year premium of life insurers over dismal performance

Total first-year premiums of private insurers for the period rose by 23.22% to Rs 401.97 bn

YES Bank to submit list of CEO names to RBI after board meet on January 9

YES Bank said it had finalised its recommendation for the role of a non-executive part-time chairman in its meeting

Centre mulls additional capital infusion of up to Rs 300 billion in PSBs

Sources said the matter is being considered by the government and the final decision is expected in few weeks

In first meet under Shaktikanta Das, RBI directors may push for greater say

The central board of the RBI is headed by the governor and includes two government nominee directors and 11 independent directors

Yes Bank says on track to find CEO within RBI deadline

Yes bank added it has finalised its recommendation for the role of a non-executive part-time chairman, which has been vacant since Ashok Chawla resigned in November

Interpol issues Red Corner Notice against Mehul Choksi, says CBI

Choksi, who escaped in the first week of January this year after he and his companies cheated the bank of Rs 70 billion, has taken citizenship of Antigua

S Gurumurthy backs Shaktikanta Das's views on govt-RBI relations

RBI governor is right in Govt & RBI role, says Gurumurthy

Shaktikanta Das, RBI's new boss is quintessential bureaucrat's bureaucrat

A seasoned IAS officer who is close to the current government, will Das find an independent voice as the new central bank boss?

Are India's world-class institutions being undermined by its own leaders?

Of all people, Modi should recognize that no election victory is worth giving up on India's best chance at becoming a world-beating economy

No early exit for banks under PCA till FY20 despite fresh capital: Icra

Icra expects further capital infusion of Rs 135 billion in PCA banks during FY19 with capital infusion of Rs 119 billion till now

Bandhan Bank opens 5 new branches after RBI nod, plans 40 more by month end

With the 40 new ones, the count would be 978 by end-December. With Wednesday's development, it was 943

United Bank of India hikes deposit rates across select maturities by 0.25%

The interest rate for fixed deposits between 1-3 years will increase to 6.25 per cent from 6 per cent

RBI Governor Shaktikanta Das calls for 'frank discussions' with the govt

Shaktikanta Das said the RBI board meeting scheduled for Friday will be held as planned

Full statement: What RBI governor Shaktikanta Das said after taking charge

Das said he will preserve the "core values" of the central bank, but called for "frank discussions" with the government

Will hold RBI board meeting as planned on Dec 14: Governor Shaktikanta Das

New RBI governor Shaktikanta Das addressed the media in Mumbai

RBI autonomy sacred, shouldn't be compromised: Arvind Subramanian

Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said