'Most Indian promoters don't want to default'

StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.Illustration: Dominic XavierRediff.com Zarin......

Stanchart to continue focus on wealth management in India

Standard Chartered’s India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country’s private banks,......

Worst not over for bank stocks; sit on the sidelines for now, say analysts

Investors should view any bounce-back in bank stocks as an opportunity to exit the pack, analysts suggested, as the worst may not be over yet. Illustration: Uttam Ghosh/Rediff.com The recent......

Private bank profits see impact of alternate investment fund provisions

The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments.......

Margin woes to haunt HDFC Bank

Growing concerns over slower-than-expected margin recovery, amid weak deposit growth have caught HDFC Bank’s investors off guard. Photograph: Vivek Prakash/Reuters HDFC Bank’s stock......