Some leading private and foreign banks in the country have started checking scores of credit information companies such as Credit Information Bureau Ltd as part of their pre-employment screening process.
A host of lenders, including State Bank of India, IDBI Bank, Indian Bank and Andhra Bank, have lined up meetings of their asset-liability committees this week, to review their lending and deposit rates.
Being leaders in compensation and benefits, collective bargaining for wages is a non-issue in the industry.
During his lifetime and after, Ambani aroused extreme responses in others.
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Private banks account for a total of 21.15 per cent in terms of advances in the overall banking system.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
Many bankers say the move will have a serious impact on the chain of command of nationalised banks and that it would only enable the government to dish out favours to a few of their own men.
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2014 made a lot of promises; can the new year deliver?
The banking sector is set to move at a fast pace from hereon.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
Experts hail 2014 as the worst year for banks.
The preference for digital banking now cuts across all customer segments.
Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards.
The inability of the economy to create new jobs faster than jobs are lost to automation leads to unemployment.
Bankers say loan demand was more muted this festival season than last year.
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
At the end, however, Allen finds too much of what he calls positive thinking can boomerang.
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices.
At other bank ATMs, the customers of these banks will be charged beyond three transactions.
In any case, Ghosh could take lessons from the best professionally managed companies all over the world that always groom the CEO successors well in advance.
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