Wachovia's global operations were taken over by Wells Fargo last year and the two banks are in the process of integrating their operations.
Jet Airways' pilots won't get much sympathy, but the management hasn't quite covered itself in glory either.
The only thing that's clear is the October 15 deadline for the end of free third-party ATM use.
To implement the cap, banks will need to make various technological changes in the machines and that will take quite some time.
Having cleaned up their credit card portfolios and sensing a change in the economic environment, issuers such as SBI Cards, Standard Chartered and HSBC are seeing an increase in their credit card base at a marginal pace.
The free run at automated teller machines might end soon, with banks petitioning the Reserve Bank of India to put curbs on cash withdrawals at third-party ATMs. Representatives from the Indian Banks Association, who met central bank officials late last month to make a case, said RBI had accepted most of their suggestions and these are likely to come into effect soon.
Income from distribution of third-party products such as insurance policies and mutual fund schemes is already under pressure because of the unfavourable economic climate.
According to the Reserve bank of India data, year-on-year growth for credit card outstandings, or the total balance due to issuers on credit card spends by customers, has plummeted to 1.4 per cent as on May 22, 2009.
Blunders in CVs are common, and poor language skills are only a part of the problem.
Mulye banks on domestic investors to raise money before approaching international markets.
The additional step is the result of a Reserve Bank of India's guideline issued this February that mandates additional authentications/verifications based on information about the card-holder that is not contained on the card. This measure is expected to contain online card fraud.
Air India lowered the base-performance levels in order to pay productivity-linked incentives to staffers, says Shyamal Majumdar.
The Tamil Nadu-born Sivanandan taught economics for three years and shot to fame -- almost literally -- during his momentous tenure as head of the Mumbai Crime Branch during the late nineties. During his two-year stint as joint commissioner (crime), over 250 members of the Dawood Ibrahim and Chhota Rajan gangs were shot dead in police encounters.
CitiFinancial, Citibank India's non-banking finance arm, has reduced its asset book by one-third and its branch network by a quarter of the year-ago level as part of a restructuring exercise, Citi CEO for South Asia Mark T Robinson told Business Standard.
Full recovery may still be a good way off, but the job market is showing clear signs of improvement.
Nirmal Kotecha is a self-confessed admirer of Harshad Mehta and a faithful follower of his technique.
In an interview with Business Standard's Shyamal Majumdar and Sidhartha, Kochhar says she is going to focus on the immediate challenge of correcting the cost structure of the country's second largest bank.
Sebi's chief finds himself helpless as the stock market regulator goes after his former organisation, but doesn't lose his essential optimism and can-do spirit.
Satyam's revenue per employee is low, but manpower rationalisation can solve only part of the problem, says Shyamal Majumdar.
Banks that own ATMs charge an inter-change fee for providing the facility to the customers of other banks. For larger players such as SBI, ICICI, HDFC and Axis Bank, the shift would mean higher revenues as customers would tend to use the nearest ATM. Smaller banks, which already allow their account holders to access any ATM without having to pay a transaction charge, fear the bigger players, sensing an opportunity, may increase the inter-change fee over the next 6 months.
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