US investors aren’t confident of an insider getting appointed as ICICI Bank CEO, as they believe only an outsider can change the company’s culture, says a Macquarie Research report
The government today sounded evasive about the media reports that it was planning to ask LIC to take a controlling stake in the crippled IDBI Bank, saying the boards of the respective entities will take a call on the matter.
Investor protection groups and some stakeholders have been clamouring for the bank to remove Kochhar, who has been under a cloud over conflict of interest allegations.
Piyush Goyal has said that a bankers’ panel would look at the feasibility of setting up a new asset reconstruction company or asset management company to take over bad loans of public sector banks
A CBI press release said the charge sheet was filed in the Court of the Additional Chief Metropolitan Magistrate, Chennai, against Muthiah, Irani and 23 others.
Modi’s IBC, RBI bad loan policy raised consciousness about ‘need to pay on time,’ SBI chief explains…
The introduction of Insolvency and Bankruptcy Code (IBC) by the Modi government, along with the newly introduced framework for stressed assets, raised consciousness among the borrowers about the ‘need to pay on time.’
HIGHLIGHTS As the two per cent wage hike failed to convince the bank unions, nearly 1 million bank employees have gone on strike. With month-end salary credits expected on Thursday, ATM closures could impact cash withdrawals.
The Punjab National Bank (PNB) had incurred the highest loss of Rs 6461.13 crore due to different cases of fraud during the fiscal that ended on March 31 this year, Chandrasekhar Gaud, who had filed the RTI said.
Market regulatory Sebi has served a notice on ICICI Bank CEO and MD Chanda Kochhar on dealings of the bank with Videocon Group and Nupower, an entity in which her husband Deepak Kochhar has economic interests
About ₹65,000 cr. left from ₹2.11 lakh cr. announced last year, says Rajiv Kumar: PSBs to be ranked based on performance
Experts believe that the stock may have priced in the worst case scenario and hence an upward move is seen in this case.