For the near term, Gill will have to improve relations with the Reserve Bank of India, which have been strained in recent times. He will also need to strengthen the bank's asset quality and improve governance standards and internal processes.
Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver consistent profit growth of 20 per cent-plus quarter after quarter, irrespective of the operating environment.
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.
The largest German bank is facing numerous charges of defrauding its customers and contributing to the US housing market bubble by marketing complex mortgage and financial products that concealed the risks involved.
Others shortlisted by the Department of Disinvestment for the NTPC offer were Deutsche Bank, SBI Capital Markets and Kotak Mahindra Capital.
Jain, 48, currently the head of Deutsche Bank AG's investment banking division in London was named co-chief executive of Germany's largest lender.
"Declining market turnover due to dwindling retail and institutional investor participation, significant correction in stock prices, dismal investment banking outlook and a worsening macroeconomic scenario do not bode well for brokerage firms," as per a report by German banking major Deutsche Bank. The bank maintains negative outlook for two of the leading brokerages in the country India Infoline and Edelweiss Capital.
Deutsche Bank's new co-CEO Anshu Jain has voiced his support for German Chancellor Angela Merkel's austerity drive to tackle the euro zone debt crisis.
FMCG giant Unilever CEO Paul Polman and technology major Intel President Renee James on Tuesday met Prime Minister Narendra Modi as a slew of global corporatehonchos continue to line up to express their intention to invest in India.
Speculation is growing that Anshu Jain may take over as the co-head of Deutsche Bank.
How important is knowing a foreign language in the job market where boundaries have become meaningless? Does it hurt your career if you don't speak one? Tell us!
Deutsche Bank expects the Sensex to climb only 8% in 2017 to 29,000, and expects high volatility.
After the crunch period of 2009, the private banking industry, which caters to high net worth individuals, is once again in growth mode.
Moreover, VC investments are anticipated to move away from information technology and telecommunication areas, according to German banking major Deutsche Bank.
Analysts say models that recorded healthy demand earlier are now luring customers with discounts and consumer benefit schemes.
Deutsche Bank bid the lowest--which was promptly matched by five others--according to the sources. They said DB quoted 0.00000000001 per cent of the issue size as bankers' fee. That works out to 80 paise. The banks were apparently willing to waive the fee altogether, but what deterred them was that UBS was recently disqualified on technical grounds from the NTPC FPO as it had quoted nil fee.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
The loans are backed by a government guarantee.
Standard Chartered, Barclays, Citibank, Deutsche Bank are among investment banks that are involved in the process of facilitating investor meets in Asia, Europe and the United States.
Indian firms have seen a significant fall in orders in the year-to-date period.
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
Even if the economy were to get no more than meagre policy support next year, chances are that consumption will remain strong.
"Less than 10 per cent of all publicly announced job cuts at European banks since 2002 are due to offshoring. Internal restructuring accounts for the lion's share," according to a latest research report by German banking giant Deutsche Bank.
Debt levels of BRIC governments -- Brazil, Russia, India and China -- are likely to remain more or less unchanged during the next five years, while it will rise "dramatically" in the US, Japan, and the UK, says a report.
The Cabinet Committee on Economic Affairs may this week decide to price all domestically produced natural gas as per a formula suggested by a panel headed by Prime Minister's economic advisor C Rangarajan.
To future CA aspirants, this is what Sanskruti and Shruti Parolia would like to say: 'The journey is long and tough. Be consistent and persistent. The end result will be rewarding.'
Days before B Ramalinga Raju admitted to fraud, a handful of financial services companies, including DSP Merrill Lynch, IL&FS Financial Services and Deutsche Bank's non-banking finance company, sold Satyam Computer Services shares pledged with them.
A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 per cent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said.
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
Eighteen multi-national companies have been slapped show cause notices for alleged violation of Foreign Exchange Regulations involving over Rs 170 crore.
The declining inflation and a negative industrial outlook have strengthened the case for RBI.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
As the rupee breached the 57-level against the dollar on Friday, Deutsche Bank said the fall is temporary and it was not worried about outlook of the Indian unit which is likely to bounce back in second half of 2013.
According to the report, the average government debt levels of the top 10 emerging market economies, including China, Russia and Indonesia, has halved to 25 per cent, from 50 per cent of GDP since 2000.
Industry bigwigs and corporate heavyweights have been scurrying to get the best students for themselves. Naturally, salaries are headed north.
Global sales of smartphones is likely to cross the billion-unit mark in 2014.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
Indians are increasingly rising to the top of global corporate ladders and just 10 of them are together managing business worth over $400 billion -- an amount nearly double the total exports from India in a year.
Spend more and earn more seems to be the mantra for credit card companies.
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