After joining HDFC Bank, India's largest private-sector lender, as an additional director and chief executive designate, Anup Bagchi said on Saturday that his first priority was to meet customers and regulators. Bagchi, who is set to take over the reins o... See more
Fairfax Financial Holdings has cleared the government's hurdle to acquire IDBI Bank, but its bigger test lies inside the lender, where unions are already pushing back and the culture remains closer to a state-run entity. Banking experts say integration is... See more
CSB Bank Ltd is expected to be merged with IDBI Bank following the Centre's decision on Wednesday to sell its 60.72% stake in the latter to Fairfax Financial Holdings Ltd, said two people aware of the development. The Canadian financial services holding c... See more
The Reserve Bank of India (RBI) on Thursday said it has rejected lenders’ requests to allow them to acquire certain non-financial assets before a borrower turns non-performing, as well as to sell such assets back to the same borrower. On 5 May, the RBI ha... See more
MUMBAI: Indian companies are increasingly moving up the value chain, focusing on higher-end and better-quality products as they look to expand into markets such as the European Union and the US, according to Citi’s global head of commercial banking, Tasni... See more
