Though most foreign banks appear reluctant to establish a subsidiary here, Citi is the only bank that has so far communicated this to the regulator, in writing.
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year.
Telecom department says spectrum can't be used as collateral because it's government property
Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
At present, there is no cap on free transactions at own-bank ATMs, while customers can use other banks' machines up to five times a month without any extra cost.
At least five state-run banks on central bank's radar for lax credit appraisal
Delays in returning money for disputed transactions have also come under RBI's scanner.
About 12 other lenders with combined exposure of Rs 1,200 crore likely to follow
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
After the screening, the shortlisted candidates will be vetted by an external committee, to be headed by former RBI governor, Bimal Jalan.
All categories of NRI deposits saw net inflows in July.
Biksham Gujja contributed to major global initiatives such as the World Commission on Dams, World Water Commission and World Water Forum.
The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).
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After RBI's missive on proxy lending to builders, it's time to reshuffle.
The macro economic situation and currency depreciation might top the priority list of Reserve Bank of India (RBI) governor-designate Raghuram Rajan.
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