News for '-jaspal-bindra'

Light at the end of the tunnel for PMC depositors?

'The money is readily available to the depositors.'

RBI extends restrictions on PMC Bank till Dec

The Reserve Bank on Friday extended the regulatory restrictions on Punjab and Maharashtra Cooperative (PMC) Bank by another six months till December 2021 to enable the completion of its takeover by Centrum Financial Services. Paving the way for takeover of the crisis-ridden bank, the RBI had earlier in the month granted in-principle approval to Centrum Financial Services to set up a small finance bank (SFB). "Taking into account the time required for completion of various activities involved in the process...the validity of the ...Directive dated September 23, 2019, as modified from time to time, has been extended for a further period from July 1, 2021 to December 31, 2021, subject to review," the RBI said in a notification.

'Markets need to be stable for IDR issue'

Standard Chartered CEO-Asia Jaspal Bindra spoke to Anirudh Laskar and Sidhartha about the bank's plans and his assessment of the situation.

StanChart plans SPV for bad loans

New StanChart CEO to bring in 'tens of millions'

'Our partnership with BharatPe is firm and good'

'Banking is a business of trust.'

Top bankers who are back in India after a successful innings abroad

They are small town boys who went on to make it big in global financial powerhouses.

StanChart rejigs board; CEO Sands, Asia head Bindra to leave

Leading share-holders called for change.

'RBI has given us 120 days to operationalise SFB'

Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'

Will PMC Bank depositors get their money?

There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.

Why PEs may be better source of capital for banks

India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.

Will PMC Bank find salvation?

Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.

Where have all the Indian bankers gone?

There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.