Bankers

China regulators tell banks to speed up offshore listings to boost economy

The closed-door meetings and their details, which have not been reported previously, mark a strategic change for China after it framed rules for offshore fundraisings in March 2023, tightening

RBI policy: Hike in FCNR(B) deposit rate may have limited impact on flows

An FCNR (B) account lets customers maintain a fixed deposit in India in freely convertible foreign currencies for a tenure ranging from one to five years

RBI ballooning NDF position suggests more rupee losses, say bankers

The Reserve Bank of India's aggregate short foreign currency in forwards and futures position jumped three-fold to $49.2 billion from September to October, official data showed on Friday

Perils of the 'push' loan phenomenon and rural India's rising debt burden

Rural households are increasingly depending on borrowed money to meet everyday consumption needs, a practice that is not sustainable in the long run

How election promises of farm loan waivers hurt India's banking sector

Many bankers are complaining about deteriorating credit culture. The villain is farm loan waivers, often a promise of political parties ahead of elections

PSU defaults, moral hazards: Can banks keep relying on govt ownership?

MTNL and RINL aren't good stories, particularly when both lenders and investors are getting their appetite for the infrastructure sector back

'Know your districts well' to deepen financial inclusion: RBI DG to bankers

Having achieved success in improving access to banking services, there is a need to improve the usage of facilities, Reserve Bank Deputy Governor Swaminathan J has said. The career commercial banker-turned-central banker exhorted bank officials to know their districts very well in the pursuit of the aim. "India has made significant strides in enhancing 'access' to banking and financial services, reaching even the most remote areas. However, there is still considerable ground to cover in deepening financial inclusion. This requires greater focus on promoting 'usage' and improving the 'quality' of services," he said. Addressing the Conference of Lead District Managers and District Development Managers in Hubballi last Friday, Swaminathan said it is imperative for bankers to follow the maxim of "know your district well" by having a deep understanding. The district profiles should include detailed demographic information, agricultural trends, banking penetration and activities, industr

JPMorgan to cap junior banker hours, BofA monitors workload amid complaints

JPMorgan Chase & Co. will limit junior banker hours to 80 per week in most cases, according to a person with knowledge of the matter

What's your credit score? Know how its behaviour affects financial health

Higher frequency of credit data reporting is a win-win for credit bureaus, borrowers and lenders

HDFC Bank taps retail bankers as wealth managers amid talent crunch

Mumbai-based HDFC's wealth business has about 800 relationship managers serving customers in about 100 cities and towns

Summer deals heat up as 7-Eleven, Pop Tarts drive M&A wave: Report

7-Eleven parent Seven & i Holdings Co. soared Monday after saying it's received a takeover proposal from the owner of Circle K

No rate cut, but dovish undertone likely

The stance can be changed, and if that doesn't happen, the hawkish underdone will not continue

HSBC makes wealth push in Middle East after hiring 100 private bankers

HSBC is known for its wealth prowess across Asia, but it's long lagged Swiss rivals like UBS Group AG in the Middle East

Nomura to nearly double profit over 7 yrs with focus on wealth management

Nomura has built out a dedicated team to tap into Asian markets, hiring more than 70 private bankers over the past three years

Good run for banks, but for how long?

Barring few, most banks have shown a drop in the low-cost CASA. Ditto their net interest margin. The credit quality is holding up, but some banks have reported fresh slippages

The path ahead for the rupee

The hottest conversation topic on every bank's treasury floor is internationalisation of the rupee

Home loans: To top up or not to top up?

The home loan top-up, a kind of secured multipurpose personal loan, is on the regulator's radar. Rightly so

Indiabulls Housing Finance accepts bids for dollar bonds, say bankers

Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS are the joint book runners for the issue

Pages from the diary of a woman PSU banker

Last Friday, the banker offered me the pages from her 2023 diary, taking time out from Women's Day celebrations with her friends

Julius Baer Group fills several key roles amid India wealth surge

Abhishek Chandra, formerly a senior executive vice president at Kotak Mahindra Bank, has joined as chief operating officer of the Swiss firm's Indian unit, the bank said in a statement Monday