Rana Kapoor to remain Yes Bank chief till January end

The RBI has cited corporate governance and regulatory issues for not extending Kapoor’s term. Further, the lender has been directed to search for a successor. YES Bank managing director (MD)......

Amitabh Chaudhry has his task cut out as Axis Bank chief

In addition to challenges such as reining in non-performing assets and boosting profits, Chaudhry will have to repair the bank’s reputation, build internal controls, and improve regulatory......

12 bank accounts and Rs 1.78 lakh crore bad debt

The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore The Reserve Bank of India (RBI) on Tuesday said its internal advisory committee (IAC) had identified 12......

RBI chief's appointment: No clarity yet on selection panel's role

  It is the Prime Minister and the Finance Minister’s prerogative on how they want the appointment process to be. The government has left unclear the mandate of the selection committee......