Page 4 - Bankers

RBI to meet senior bank officials next week, liquidity to be discussed

Market participants are also eagerly awaiting hints on when the RBI would conduct an open market sale of debt as announced in the October monetary policy meeting

Trump's financial statements were key to loan approvals, says banker

Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent, a retired bank official testified Wednesday at the former president's New York civil fraud trial. Trump's statements of financial condition were key to his approval for a USD 125 million loan in 2011 for his golf resort in Doral, Florida, and a USD 107 million loan in 2012 for his Chicago hotel and condo skyscraper, former Deutsche Bank risk management officer Nicholas Haigh testified. But although the bank didn't conduct its own full appraisals of Trump's properties, it sometimes gave sizable haircuts to the values he'd placed on such holdings as Trump Tower and his golf courses, Haigh said. I think the phrase we used might have been sanity checks' on the numbers, he said. Those numbers helped Trump secure bigger loans and lower interest rates, said Haigh, who headed the risk group for the bank's private wealth management unit from 2008 to 2018. A ju

Monetary Policy review: Familiar script with a surprise

The rate cut cycle may not begin before the second half of FY25

X to test three tiers of premium service in the latest Musk overhaul

The premium plan, which currently costs $7.99 a month, would be split into Basic, Standard and Plus variations as part of the effort, the company told debt holders during the briefing Thursday

Following commercial wisdom will be game changer for resolving bad loans

Insolvency resolution should efficiently redeploy assets. Bankers must bring commercial acumen to negotiations, not bureaucratic rigidity

Citigroup warns UK staff of cuts as hundreds of roles could be affected

Bankers have been bracing for change after CEO Jane Fraser said earlier this month that Citigroup, the third-largest US

Bankers flag risks in new voice-enabled payment feature on India's UPI

The government-backed feature called Hello UPI will allow users to pay via apps and calls in Hindi and English, and will soon roll out services in other regional languages

With Indian rupee near record low, RBI steps up NDF intervention: Bankers

The rupee was at 83.1525 to the U.S. dollar as of 11:16 a.m. IST, not too far from its record low of 83.29 hit in October 2022. The currency has largely avoided the decline in its Asian peers

RBI may extend incremental cash reserve ratio with tweaks: Bankers

"The I-CRR is acting as an indirect rate hike and, at best, the RBI could lower the limit taking into consideration tax outflows," a senior treasury official at a private bank said

Gulf royal's $1.5 trillion empire draws global bankers, billionaires

Over the past few months, Sheikh Tahnoon bin Zayed Al Nahyan has gained control of the largest sovereign wealth fund in the United Arab Emirates, expanding the assets he oversees to almost $1.5 trn

The M&M-RBL Bank saga

Why M&M has invested in RBL Bank and what does the bank look like

UBS Group seeks to hire several private bankers to serve India's rich

UBS, which exited the private-wealth market in India almost a decade ago, is among global firms from HSBC Holdings Plc to Julius Baer Group Ltd. taking increased bets there

Bankers hate saying 'ESG' but are hardwiring it into finance: Survey

The term ESG has only existed for about two decades after being created through a United Nations-led initiative

Pay public sector bankers well, and give them a break on Saturdays

If we want public sector banks to compete with their private peers, they should get competitive compensation, linked to performance

Banker on the ground: How business correspondent model is being reworked

A lot rides on the industry that employs more than two million agents who help others in opening businesses

Top headlines: Spicejet most delayed airline, Twitter rival to launch Thurs

Business Standard brings you the top headlines at this hour

Bankers await signs on RBI's liquidity approach amid persisting disconnect

"Banks are not parking funds with the RBI because they are unsure about how long the surplus liquidity will last," said Soumyajit Niyogi

RBI deputy governor's post: Five bankers to face interview on June 1

RBI Deputy Governor M K Jain's term will end on June 21, 2023 after a five-year tenure

Evercore hires media, telecom bankers from Credit Suisse amid takeover

The US advisory firm has recruited managing directors Giuseppe Monarchi, Laurence Hainault and Francesco Gurrieri, the people said

A week in a PSU banker's life

Pages from the diary of a banker that offer glimpses of his work and life