News for 'Banker of Banks'

Smart cards' steep cost puts off banks

Banks to release funds to Kingfisher Airlines: SBI

The State Bank of India on Friday said Kingfisher lenders have decided to release funds to the debt-ridden airline on "humanitarian grounds" considering that its employees have not been paid for the past seven months.

IPOs: Sebi streamlines payment process via UPI

Capital markets regulator Sebi on Wednesday streamlined the payment of processing fee through the Unified Payments Interface (UPI) system for shares applied for and allotted during an initial public offering (IPO). In addition, the regulator has devised a new reporting format for capturing the data of all ASBA (Application Supported by Block Amount) applications unblocked by Self Certified Syndicate Banks (SCSBs) and their corresponding date of actual unblock. The new format has been put in place after reviewing the performance of SCSBs on timely unblocking of application amounts and feedback received from market intermediaries, Sebi said in a circular.

ICICI Bank board draws flak for giving clean chit to Chanda Kochhar

A corporate lawyer said that this is the biggest failure of corporate governance in this country. He pointed out that American investors can even take the bank to court for giving false statements to stock exchanges and even file class action suits. Some even questioned how RBI overlooked Kochhar's misdeed.

How Bankruptcy Law FAILED Home Buyers

Property buyers fund the project cost and the entire debt and entire equity servicing, and yet, have no locus standi in the IBC process, points out Debashis Basu.

Bank woes: 'When they need surgery, they are using a bandage'

'The day-to-day control of banks is in the hands of political bosses and bureaucrats who are not answerable.' 'The political system uses the banks as a helicopter to throw money to the sector they want to patronise in order to win the next election.'

Jet Air may get Rs 500 cr interim funding from banks

Lenders are likely to convert part of the airline's debt into 11.4 crore shares at a consideration of Re 1 apiece as per RBI norms.

Banks will meet liquidity needs of MFs, says IBA

In an effort to soothe nerves of the country's mutual funds and the non-banking finance companies, the bankers today assured that they would come forward to support these financial institutions' funding needs including liquidity to meet redemptions.

Bank of Baroda upbeat on growth: MD

Corporate lending has not slowed down. There is no slowdown in manufacturing and services, says M D Mallya.

RBI may dilute private bank ownership norms

FM on Swiss banks' reluctance to share details

Finance Minister Pranab Mukherjee on Monday said he has noted reports about reservations Swiss banks have in sharing client details with India, but did not say what course of action the government would take.