Page 3 - Bankers

Bankers flag risks in new voice-enabled payment feature on India's UPI

The government-backed feature called Hello UPI will allow users to pay via apps and calls in Hindi and English, and will soon roll out services in other regional languages

With Indian rupee near record low, RBI steps up NDF intervention: Bankers

The rupee was at 83.1525 to the U.S. dollar as of 11:16 a.m. IST, not too far from its record low of 83.29 hit in October 2022. The currency has largely avoided the decline in its Asian peers

RBI may extend incremental cash reserve ratio with tweaks: Bankers

"The I-CRR is acting as an indirect rate hike and, at best, the RBI could lower the limit taking into consideration tax outflows," a senior treasury official at a private bank said

Gulf royal's $1.5 trillion empire draws global bankers, billionaires

Over the past few months, Sheikh Tahnoon bin Zayed Al Nahyan has gained control of the largest sovereign wealth fund in the United Arab Emirates, expanding the assets he oversees to almost $1.5 trn

The M&M-RBL Bank saga

Why M&M has invested in RBL Bank and what does the bank look like

UBS Group seeks to hire several private bankers to serve India's rich

UBS, which exited the private-wealth market in India almost a decade ago, is among global firms from HSBC Holdings Plc to Julius Baer Group Ltd. taking increased bets there

Bankers hate saying 'ESG' but are hardwiring it into finance: Survey

The term ESG has only existed for about two decades after being created through a United Nations-led initiative

Pay public sector bankers well, and give them a break on Saturdays

If we want public sector banks to compete with their private peers, they should get competitive compensation, linked to performance

Banker on the ground: How business correspondent model is being reworked

A lot rides on the industry that employs more than two million agents who help others in opening businesses

Top headlines: Spicejet most delayed airline, Twitter rival to launch Thurs

Business Standard brings you the top headlines at this hour

Bankers await signs on RBI's liquidity approach amid persisting disconnect

"Banks are not parking funds with the RBI because they are unsure about how long the surplus liquidity will last," said Soumyajit Niyogi

RBI deputy governor's post: Five bankers to face interview on June 1

RBI Deputy Governor M K Jain's term will end on June 21, 2023 after a five-year tenure

Evercore hires media, telecom bankers from Credit Suisse amid takeover

The US advisory firm has recruited managing directors Giuseppe Monarchi, Laurence Hainault and Francesco Gurrieri, the people said

A week in a PSU banker's life

Pages from the diary of a banker that offer glimpses of his work and life

Bankers welcome surprise pause in hikes, feel RBI now focusing on growth

Bankers welcomed the status quo in rates from RBI on Thursday, calling it as an attempt to support growth. The RBI move on the regulatory front announced along with the first policy review of FY2023-24 also found support from the banker community. Industry lobby Indian Banks Association chairman A K Goel, who is also the chief executive of Punjab National Bank, said it is a welcome pause which could surprise the market. "Focus of RBI in this policy is to support growth as it wants to evaluate the effects of the previous rate actions to fully get transmitted into the economy," he said. SBI chairman Dinesh Khara termed it a "pleasant surprise" given the market talks of one more final rate hike. "With uncertainty looming large, this decision was perfectly timed. Simultaneously, the bouquet of regulatory initiatives like linking UPI to credit and developing the onshore market will spur innovations in product offerings," Khara said. Zarn Daruwala of foreign lender Standard Chartered B

Credit Suisse bankers seek new jobs, flood headhunters with calls

"If they aren't going to CSFB they will have to be emigrated into UBS fixed-income, which is a much smaller business than Credit Suisse," a headhunter said in an interview

Privatisation and debt are on the radar of bankers

Banks were challenged in 2022 by the sluggish growth in deposits, which have not kept pace with credit. One reason is that deposits, unlike debt mutual funds, do not offer any tax breaks

RBI not seen taking eye off inflation as prices may stay sticky in 2023

'Govt to continue fiscal prudence,' say bankers at book launch of Roller Coaster - An Affair with Banking by veteran journalist Tamal Bandyopadhyay

Hinduja sweetens offer for RCap to counter Torrent group's winning bid

CoC decide whether Hinduja offer is legally valid or not as e-auction has ended

After this year's IPO slump, bankers are now wary of relief in 2023

A mix of rising inflation and interest rate hikes aimed at taming it have hurt stock market valuations and eroded investor appetite for the high-growth IPO candidates that have driven deals