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ICICI Bank Appoints New COO

ICICI Bank Chief Executive Officer Chanda Kochhar is advised to proceed on leave to enable a smooth inquiry process in the recent ICICI scam.  The charges of favouritism and impropriety are being investigated in the case. The Bank’s Executive Director N S Kannan will become the Chief Executive of ICICI Prudential Life Insurance subject to

ICICI Bank Appoints New COO

ICICI Bank Chief Executive Officer Chanda Kochhar is advised to proceed on leave to enable a smooth inquiry process in the recent ICICI scam.  The charges of favouritism and impropriety are being investigated in the case. The Bank’s Executive Director N S Kannan will become the Chief Executive of ICICI Prudential Life Insurance subject to

PNB HONG KONG BRANCH UNDER SUPERVISION

Punjab National Bank, Hong Kong office is now under compulsion to maintain HIGH QUALITY LIQUID ASSETS (HQLA) which is equivalent to 100 per cent of unpledged deposits.  The state owned bank which is in troubled waters has now been brought under further tight position to comply with the regulatory guidelines of Hong Kong Bank. Enhanced

PNB HONG KONG BRANCH UNDER SUPERVISION

Punjab National Bank, Hong Kong office is now under compulsion to maintain HIGH QUALITY LIQUID ASSETS (HQLA) which is equivalent to 100 per cent of unpledged deposits.  The state owned bank which is in troubled waters has now been brought under further tight position to comply with the regulatory guidelines of Hong Kong Bank. Enhanced

BAD BANK AND NPA RESOLUTION

Mulling over the idea of a bad bank may not work.  Why??  The Government has announced to sep up a committee under Punjab National Bank non executive Chairman Sunil Mehta to give necessary recommendations on forming of an ARC for faster resolution of Stressed Assets in banks.   Let us understand the following: Let a resolution

BAD BANK AND NPA RESOLUTION

Mulling over the idea of a bad bank may not work.  Why??  The Government has announced to sep up a committee under Punjab National Bank non executive Chairman Sunil Mehta to give necessary recommendations on forming of an ARC for faster resolution of Stressed Assets in banks.   Let us understand the following: Let a resolution

NBFCs offer better FD interest rates

It is true that investors are now moving towards Fixed Deposits of NBFCs who are offering better Interest rates on deposits during the last two months.  These companies have raised the deposit rates by 50 to 75 basis points.  These companies are: Bajaj Finance DHFL Mahindra Finance Shriram Transport Finance HDFC Ltd., To quote a

NBFCs offer better FD interest rates

It is true that investors are now moving towards Fixed Deposits of NBFCs who are offering better Interest rates on deposits during the last two months.  These companies have raised the deposit rates by 50 to 75 basis points.  These companies are: Bajaj Finance DHFL Mahindra Finance Shriram Transport Finance HDFC Ltd., To quote a