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.
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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.
The foreign lender's profit after tax was Rs 2,960 crore
In a letter addressed to Gogia's mother, Madhu Kapur, who holds a 12 per cent stake in YES Bank, the private lender said its board of directors, after extensive deliberations, had unanimously agreed not to accept her recommendation to appoint her daughter on the board.
India's top private banks might soon exit from the gold coin business.
While the court refused to order a stay on the AGM, it directed YES Bank to advance its board meeting by a month to June 27 and consider Gogia's appointment as a director on the bank's board.
Shagun Kapur Gogia might not have convinced her uncle Rana Kapoor, managing director and chief executive of YES Bank, to appoint her as a board member of the bank, but it appears she has successfully carved out her own space in the financial world.
While the rupee depreciation in 2012 persuaded many companies in taking hedges against their foreign currency loans, industry analysts feel it might not be sufficient to counter the swift slide in the value of the local currency.
These companies may recall loans in extreme cases; loan-to-value ratio stands at 60% but scrap value at 75%.
Hongkong and Shanghai Banking Corporation (HSBC) is exploring opportunities beyond metro cities to expand its commercial banking business in India.
Card fees likely to increase to offset replacement cost.
It appears the two banks are now convinced that increasing their credit card portfolios will not lead to significant erosion in asset quality.
Global experience in allowing corporate groups to set up banks reveals that stringent regulation is the best defence against malpractice.
Shyam Srinivasan, managing director and CEO, shares with Business Standard the strategy to grow the bank's retail lending business in the coming quarters.
The pick-up in credit demand in coming months looks uncertain.
The Reserve Bank of India is widely expected to reduce the repo rate for the first time in nine months when it announces its third quarter policy review.
The move comes after RBS failed to close a deal involving sale of its India retail assets to Hongkong and Shanghai Banking Corporation.
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