India’s benchmark equity indices reached record highs last week as foreign institutional investors poured in money in emerging markets in the wake of Japan’s unexpected…
Month: November 2014
Kotak-ING Vysya deal a slap on foreign banks’ face
More than 12 years ago, in June 2002, the Dutch financial services group ING had made an audacious attempt to acquire then Vysya Bank promoter…
Mahila Bank: UPA’s Rs1,000 crore misadventure
The 5,000 sq. ft Bharatiya Mahila Bank Ltd branch at Nariman Point’s landmark Air India building in Mumbai—the sole branch in Maharashtra till now—is managed…
Appointment of bank chiefs: Many questions unanswered
One chairman and managing director (CMD), one deputy managing director (DMD) and 17 executive directors (EDs) of public sector banks met three panels, for 20…
Should we pay for using ATMs?
Are the queues outside automated teller machines, or ATMs, in India’s six metros—Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad—getting shorter? At these centres, the…
Bank CMDs’ appointment: Old wine in new bottle
Seven public sector banks (PSBs) which do not have their chiefs will probably get their new bosses by the end of this month. Sixteen executive…