Bankers

Chidambaram meets bankers, corporate honchos

Mumbai: Amidst the ongoing gloom on the economic front, Finance Minister P Chidambaram on Monday allayed fears of the industry over stalled projects and assured all steps to remove the bottlenecks. "The agenda was to identify the projects that have been stalled. We've identified 215 projects which for one reason or another are stalled. We've identified another 126 projects which are new projects, to which banks have sanctioned loans but which have not taken off," Chidambaram told reporters after the meeting.

Those in attendance included industrialist Anil Ambani, Prashant Ruia of Essar, Ajit Gulabchand of HCC and Madhu Kannan from Tata Sons.

Chidambaram was accompanied by Banking and Financial Services Secretary Rajiv Takru. Bankers present included SBI Chairman Pratip Chaudhuri and heads of Bank of India, Central Bank of India and Union Bank of India. "We are sitting with the bankers and the industry to find out why a particular project has been stalled and I am noting that down to go back and try to remove that block," Chidambaram added.

The meeting comes on the back of a government estimate that economic growth will fall to a decade low of 5 per cent in FY13....more

04:41 PM, Apr 08, 2013

Bankers oppose Kingfisher's revival plan

by Press Trust of India

A consortium of lenders, led by State Bank of India, on Friday opposed ailing Kingfisher Airlines' plan to resume operations and insisted on "better commitments" from the carrier. The meeting between lenders and the KFA management in Bangalore remained inconclusive as the bankers were "not impressed" with the revival plan, sources said. ...

10:25 PM, Jan 04, 2013

Swiss banks' foreign client assets dip to 4-yr low

by Press Trust of India

New Delhi: Amidst a growing global scrutiny of overseas funds deposited in Swiss banks, the quantum of total foreign assets managed by them has dipped by nearly 300 billion Swiss francs (about Rs 20 trillion) since 2008. Also, the share of foreign client assets in Swiss banks dropped to 51 per cent of their total asset under management at the end of 2011 - the lowest in four years. The...

04:56 PM, Jul 09, 2012

Black money: Swiss banks' new safe haven idea

by Press Trust of India

New Delhi: Amid a global crackdown against alleged black money in secret accounts of Swiss banks, their bankers are selling a new safe-haven idea to their rich clients from India and other countries -- the high-value 1,000 franc notes to be stored in safe deposit boxes. These boxes -- kept inside the premises of Swiss banks -- are also said to be being used to stash gold, diamond, paintings and...

11:41 AM, Jul 02, 2012

AI to issue its bankers shares worth Rs 7,500 cr

by Press Trust of India

New Delhi: A proposal to issue preferential shares worth Rs 7,500 crore to Air India's lenders was approved by its Board on Thursday, as the national carrier saw significant rise in its yields and passenger revenue. The Board, at its meeting here, "approved the rearrangement of authorised share capital by issue of preference shares worth Rs 7,500 crore, which are proposed to be allotted to the lenders of the working...

07:59 PM, Dec 29, 2011

In pics: Occupy Wall Street goes global

Thousands of anti-Wall Street demonstrators converged on New York's financial district in September protesting against the economic inequality in US.

The Occupy Wall Street march, estimated at about 5,000 people, was mostly orderly and the largest the US has seen so far.

The protesters object to the Wall Street bailout in 2008, which they say left banks to enjoy huge profits while average Americans suffered under high unemployment and job insecurity.

06:03 PM, Oct 27, 2011

Wall St bankers, publicly modest, eye fancy toys

by Reuters

New York: Wall Street executives may face smaller bonuses and a public that still eyes them with suspicion, but that isn't stopping them from rediscovering their love of luxury cars, oceanfront homes and private jets. A soaring stock market, a surge in merger deals and an uptick in hiring on Wall Street are allowing bankers to gradually return to the lavish lifestyles they enjoyed until the 2008 financial crisis came...

05:04 PM, Dec 30, 2010

Housing scam: bankers defend loans sanctioned

by Gopika Gopakumar,CNN-IBN

Mumbai: Bankers have defended the loans given to companies named in the CBI charge sheet in connection to the bribes for loan scam saying these were performing loans and were sanctioned after due process. In its chargesheet, the CBI had named officials from the Bank of India, Punjab National Bank and even a board member of Central Bank of India for allegedly accepting bribes to sanction loans, causing worries that...

09:55 AM, Nov 26, 2010