As the country's HNI population is on a rise, the segment is hard to ignore for domestic banks.
Tagged as a sleepy, regional lender till a few years earlier, the bank's stock was not much talked about in the investors' community.
Tata AIA Life Insurance has 13 people at the senior vice-president level.
The rising spends on credit cards, increase in sale of third-party products and surge in consumer loan demand have allowed banks to limit the impact of slowdown in corporate fee income.
Despite sluggish credit growth, most banks are cautious about growing their unsecured loan portfolio.
Unions said the revised wage structure should reflect the merger of dearness allowance.
Also on agenda is rising credit flow to MSMEs & farm sector.
Lenders to Kingfisher Airlines have been left in the lurch, with most hoping the airline resumes operations, as this would ensure at least some revenue flow.
Will offer lower rates on home loans till end of 2012.
Nine of 10 bankers who attended the meeting admitted their sanctioned loan pipeline was shrinking fast due to tepid demand.
Bankers say amid the uncertain macroeconomic environment, their greatest worry is the stress on asset quality.
Currently, the bank charges Rs 50 as cash processing fee.
Banks' loans are set to grow at the slowest pace in a decade this financial year, as companies continue to shy away from borrowing in the current uncertain macro-economic environment.
Private lenders like Federal Bank and Axis Bank have set up branches that have special areas for children, with books, toys and video games to keep them engaged while their parents are busy doing banking transactions.
As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
It is not often that you find a mechanical engineer leading the private banking business of a foreign bank in India.
Microfinance institutions' deluge of problems, it seems, is never-ending.
Credit cards appear to have found favour with public sector banks, which had, so far, been reluctant in expanding their unsecured loan portfolios aggressively.
Lenders also allow customers to conduct other businesses from such chambers
But weak global demand, costly imports play spoilsport
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