Page 992 - Finance News

Little-known truck maker gives Rs 1,800 cr grief to IDBI Bank-led group

Reluctant to let another NPA hurt them, the banks were ready to talk to anybody willing take over control of AMW Motors and repay the debt

India cuts RBI governor shortlist to four: Officials

Also, a new monetary policy committee will be chosen soon

Indian banking's 'weak underbelly' exposed: Uday Kotak

The Kotak Mahindra Bank chief also pitched for an 'exit mechanism' for the sector

Allow banks, HFCs to fund land deals: Parekh to RBI

HDFC Chairman Deepak Parekh also said in a sector like real estate where multiple approvals are required, embarking on a digital platform to grant approvals will be a game changer

With 31% jump, HDFC Bank's Aditya Puri top gainer in salary hike

Axis Bank's Shikha Sharma came in second, whose compensation package jumped 28% to Rs 5.50 crore

Bank of Baroda currently going through fundamental repositioning

Bank's chairman says plans are in place to create more agile and capable organisation with better controls and complliance

Transparency key in handling infrastructure projects: SBI's Arundhati Bhattacharya

Chairman says there is no dearth of capital to fund infrastructure development, but investments must be handled with 'transparency'

Bank mergers likely to happen after SBI consolidation, says finance ministry official

Banks can only make acquisitions when they have financial might which is subdued at the moment

Top-level talent crunch hits IDBI Bank

One Dy MD, three EDs to exit in 40 days; Another post of Dy MD vacant since Oct 2015, after M Rego moved to Bank of India as MD & CEO

Forex reserves touch life-time high of $363.8 bn

In the previous week, the reserves had declined $231 million to $363.2 billion

Vijaya Bank gets shareholders' nod to raise Rs 900 cr

But didn't provide any time-frame for raising the funds

Shikha Sharma gets 22% hike in remuneration

This is double the hike of 11 per cent Sharma had received in FY15

Banks look to tie up with online players to offer credit cards based on spending patterns

Aims to tap first time credit card users for smaller credit usages

SBI plans to raise $1.5 bn from foreign bonds

RBI allows start-ups to open foreign currency accounts

Banks told to report investments in CPs

TPG may be in last lap to buy ICICI Home Finance

Deal likely to close by next week

RBI revs drive towards cashless economy

Aims to increase interoperability, accessibility, security of payments systems across the country

Rich Banker, Poor banker

Here is a list the remuneration of bosses of top Indian banks

RBI releases framework on payments systems

Framework proposes to move India towards a cashless society