Corporate Banking News
Banks offer services to various clients such as individuals (retail), companies, NRIs, etc. Corporate banking refers to loaning money and other financial services to businesses of various sizes. Businesses that are required to pay taxes should have a corporate bank account for business banking and a variety of other benefits. Having a corporate bank account improves the credibility of a business and can provide a more professional outlook. A business can open up to better investment opportunities and reap benefits such as improved financial management, liabilit
The silent rise of the public sector banker in private bank boards
Boards of several top private banks are now led by former public sector officials, either from the Reserve Bank of India, or the civil services
5 min read7 Mar 2024The crackdown on AIF abuse comes with some collateral damage
An RBI notification meant to curtail ‘evergreening’ of loans unintentionally leads to banks denying legitimate capital claims to VCs and PEs
3 min read26 Feb 2024It’s Crunch Time for One of Europe’s Last Big Wall Street Players
Barclays Chief Executive C.S. Venkatakrishnan faces a career-defining test.
5 min read13 Feb 2024Job cut at Deutsche Bank: Germany’s biggest lender to slash 3,500 jobs as ‘cost discipline remains a high priority’
Deutsche Bank to cut 3,500 jobs as part of cost-reduction initiative; shares rise by 5%
1 min read1 Feb 2024Top banker pay sinks below $1 million in Asia as bonuses vanish
Total compensation for many senior bankers in Asia ex-Japan fell to $700,000 to $800,000, well below the $1 million or more they have typically earned since the turn of the millennium, sources told Bloomberg
2 min read25 Jan 2024Gift City may witness a jobs boom. Hint: GCCs.
MNCs nudged to set up GCCs in Gift City
4 min read25 Jan 2024Ted Pick new CEO of Morgan Stanley, takes up helm from James Gorman
Ted Pick, aged 54 and with over 30 years of experience at Morgan Stanley, currently heads the institutional securities division, which includes the bank’s investment banking and trading unit. He beat internal candidates Andy Saperstein and Dan Simkowitz. in a three-way competition for the role.
3 min read26 Oct 2023Goldman Sachs Is at War With Itself
CEO David Solomon has come under fire from partners who complain about bonuses, strategy and that DJ side gig
10 min read13 Jun 2023Court Papers Open Rare Window Into Role of Graft in China’s Overseas Lending
State bank executive collected kickbacks as he helped pioneer Beijing’s resource-for-infrastructure investment model
7 min read9 Jun 2023Big Banks Could Face 20% Boost to Capital Requirements
Those relying on fees might need larger buffers to absorb losses under planned rules
4 min read5 Jun 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared