However, the remuneration of Puri and Kochhar are not strictly comparable as the two banks follow different accounting practices.
A list of at least 20 individuals has been sent to the immigration department to prevent them from flying overseas.
India's top banker Chanda Kochhar shares valuable life lessons in a letter to her daughter.
The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
His global experience, deep business acumen and long association with the Tata Group will prove invaluable in his new role: ICICI Bank MD and CEO Chanda Kochhar.
Arundhati Bhattacharya, the chairperson of country's largest bank SBI, has been named as the most-powerful woman in business in India by Fortune magazine.
She pocketed Rs 9.12 crore as remuneration in FY16
Independent directors were supposed to safeguard the interest of all stakeholders.
It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years.
ICICI Bank chief Chanda Kochhar believes, India can grow if decisions on investment policy are taken quickly.
Top leaders from India Inc may be busy throughout the year, but they too have a very strong social life beyond work.
The RBI, according to the source, wants details on the procedure followed for credit appraisal by the bank while giving loans to Videocon.
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
The 57-year-old Bhattacharya, front-runner for the post on account of years of service left, was managing director and chief financial officer of the bank prior to her elevation.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
Trade and economic issues, including visa, totalisation pact and impediments hampering investments, are likely to figure at Monday's US-India CEO Forum meeting, which will be jointly addressed by visiting US President Barack Obama and Prime Minister Narendra Modi.
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The Tata Group says it is bullish on investment in India.
Arundhati Bhattacharya, chairman of country's largest lender State Bank of India said demonetisation of high value notes won't be a problem as the bank has done it before.
'We focused on de-risking our balance sheet but we are very clear that the steps we have taken over the past few years, about changing the proportion of the loan mix, improving the ratings of the incremental portfolio, and reducing the concentration risks have now created a strong position that will allow us to attain growth with stability.'
With enough liquidity in the system, lending and deposit rates are likely to fall further
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
An app by the bank lets customers carry out a slew of banking functions via the social media site.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
'For the next three months or so, the market will go down.' 'Traders do not have Rs 100 notes.'
There's a long way to go before human beings are replaced by machines -- in banks at least.
After sight-seeing the Taj Mahal in Agra and the Sabarmati Ashram in Ahmedabad, Canadian Prime Minister Justin Trudeau got down to work in Mumbai. He, along with his wife Sophie Gregoire Trudeau and three kids -- daughter Ella Grace and sons Hadrien and Xavier - arrived in the country's financial capital on Monday night. Here are snapshots from Day 3 of their visit.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
Unified Payments Interface launched to simplify mobile banking.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
Move comes after the country's monetary authority tightened credit norms
With more firms now offering stock options to their chief executives, the salaries of these managers are sky-rocketing.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
Bharti will move FIPB soon for increasing Axa's stake to 49%
'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.
When it comes to key hands-on management positions, India Inc is still largely run by men.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
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