Some lenders in talks with LIC for pvt placement
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
Lender had 5.12 mn cards - almost a third of the total number of credit cards in the industry - at the end of November, 2013.
Loan defaults and restructuring to limit profits.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
Outbound deal count in the current calendar year fell to 100 from 154 in 2012.
At least five state-run banks on central bank's radar for lax credit appraisal
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.
Currently, foreign lenders are present in India only through branches or representative offices.
The government is somehow convinced that selective low-rate lending will stimulate demand and accelerate economic growth that plunged to a four-year low of 4.4 per cent in the first three months of 2013-14.
After the screening, the shortlisted candidates will be vetted by an external committee, to be headed by former RBI governor, Bimal Jalan.
Though Indian banks don't have large exposure to subprime mortgages, analysts are worried at the rise in their restructured loan portfolios and deterioration in credit quality.
The uncertain macroeconomic environment may have prompted HDFC Bank to go slow on expanding its credit card portfolio.
Biksham Gujja contributed to major global initiatives such as the World Commission on Dams, World Water Commission and World Water Forum.
The macro economic situation and currency depreciation might top the priority list of Reserve Bank of India (RBI) governor-designate Raghuram Rajan.
A healthy track record and 17 years of experience in financial services would be the key strengths of Edelweiss Financial Services in setting up a bank, says chairman and chief executive officer Rashesh Shah, in an interview with Business Standard.
Rajan will be closely working with the RBI governor and the four deputy governors to gain familiarity with the central bank's stance on various issues.
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According to people familiar with the development, a meeting between the families was held on Saturday to discuss whether the case could be settled outside court.
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
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