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Samiran Chakraborty quits Standard Chartered to join Citibank
Thu, Jul 30 2015. 03 38 PM

Samiran Chakraborty quits Standard Chartered to join Citibank

Citibank has been without a chief India economist after Rohini Malkani quit the bank in April this year
IDFC Q1 profit falls 47% to Rs254 crore
Thu, Jul 30 2015. 01 40 PM

IDFC Q1 profit falls 47% to Rs254 crore

Net profit, excluding those from its units, dropped to Rs254 crore in the quarter ended June from Rs481.74 crore in the year-ago period
Citibank sees ‘healthy growth’ in consumer banking in India
Wed, Jul 29 2015. 09 23 PM

Citibank sees ‘healthy growth’ in consumer banking in India

Citibank launches a digital wallet linked to the accounts in association with MasterCard
Public sector banks see Q1 profits decline on provisions
Wed, Jul 29 2015. 12 36 AM

Public sector banks see Q1 profits decline on provisions

Net profit in June quarter falls 84% for Bank of India, 48.7% for Punjab National Bank, 21.88% for Union Bank
Raghuram Rajan to meet ARCs, PE firms, banks to discuss stressed assets
Wed, Jul 29 2015. 12 02 AM

Raghuram Rajan to meet ARCs, PE firms, banks to discuss stressed assets

The meeting agenda’s could include looking for ways to encourage greater participation of PE funds in resolution of distressed assets as the ARCs have been unable to attract a lot of foreign capital
McGraw Hill Financial to buy SNL Financial for $2.23 billion
Tue, Jul 28 2015. 09 07 AM

McGraw Hill Financial to buy SNL Financial for $2.23 billion

McGraw Hill said the deal would strengthen its S&P Capital IQ data analytics unit, particularly in providing information on banking and insurance
Govt to soon notify a central KYC registry to link all identities
Tue, Jul 28 2015. 01 33 AM

Govt to soon notify a central KYC registry to link all identities

The move is part of the govt’s effort to curb generation of black money and money laundering
Creditors to take control of Electrosteel Steels under new rule
Tue, Jul 28 2015. 12 00 AM

Creditors to take control of Electrosteel Steels under new rule

Kolkata-based firm has outstanding debt of more than Rs9,500 crore
Small bank licence: RBI asks I-T dept to verify applicants’ credentials
Sun, Jul 26 2015. 09 37 PM

Small bank licence: RBI asks I-T dept to verify applicants’ credentials

Rajan had recently written to the CBDT to expedite the matter and provide the banking regulator with inputs about individuals
IDFC receives final RBI nod to start bank
Sat, Jul 25 2015. 01 00 AM

IDFC receives final RBI nod to start bank

The licence is the final step for the firm and means that it can now start banking operations

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