Page 3 - Foreign Banks
We intend to use open architecture to build scale: SBM Bank's Sidharth Rath
Sidharth Rath, MD and CEO, spoke to Raghu Mohan on the scale of the bank's ambition and the collaborative approach to rolling out business in its new avatar
 "We intend to use open architecture to build scale: SBM Bank's Sidharth Rath")
RBI to soon issue new salary norms for private, foreign bank heads
To align the current regulatory framework with global best practices, the RBI said, it will also issue the draft guidelines on corporate governance at banks
 "RBI to soon issue new salary norms for private, foreign bank heads")
RBI to issue new guidelines on salaries of private, foreign bank executives
The new circular also provides for 75% consent by value for a resolution plan to be passed
 "RBI to issue new guidelines on salaries of private, foreign bank executives")
Slow revenue growth of top four US banks likely to affect Indian IT firms
According to the HSBC report, top line growth of the top four US banks fell to around 2 per cent in the second quarter ended June this year, as compared to around 5 per cent in the previous year
 "Slow revenue growth of top four US banks likely to affect Indian IT firms")
Despite regulatory hurdles, foreign banks continue to be in a sweet spot
If you were to compare profitability and return ratios, foreign players win hands down over state-run and even private banks
 "Despite regulatory hurdles, foreign banks continue to be in a sweet spot")
Tax clarity for subsidiary model of foreign banks
A subsidiary structure provides various benefits, including the ability to grow inorganically through acquisitions
 "Tax clarity for subsidiary model of foreign banks")
World's largest banks by asset value
Industrial & Commercial Bank of China tops the list
 "World's largest banks by asset value")
