According to data, the country’s largest lender State Bank of India is the biggest contributor to the scheme. The bank has disbursed Rs 18,971 crore and sanctioned over Rs 24,000 crore. This is followed by Punjab National Bank which has disbursed Rs 8,264 crore so far. … [Read more...] about Private sector banks catch up with PSBs on MSME loan scheme
Private lenders for business loans
Recently, Thrissur-headquartered South Indian Bank hired former ICICI Bank executive Murali Ramakrishnan as its new CEO. Ramakrishnan would be the first MD and CEO of South Indian Bank coming on board from a private sector lender. In the past, the top bosses at South Indian Bank have joined from public sector lenders, chiefly State Bank of India. … [Read more...] about Kerala’s private banks hire top talent, tweak gameplan to gain national focus
Private lender Yes Bank on September 10 said it has fully repaid Reserve Bank of India (RBI) the entire Rs 50,000 crore of Special Liquidity Facility it had availed. The chairman of the bank, Sunil Mehta, confirmed the development at the virtual Annual General Meeting of the shareholders held on earlier today. … [Read more...] about Yes Bank says no merger plans with SBI, repays entire Rs 50,000 crore to RBI
"Deposits fell 10-11 percent and almost two-third of reduction is on account of government-related accounts – this is largely related to general private sector bank stance. This will also result in lower CASA ratio, but reduce our dependency on this category for deposits in future," IndusInd Bank said in a regulatory filing on BSE on March 30. … [Read more...] about IndusInd Bank deposits shrink by 10-11%, brokerages see tough road ahead
After the CBI and ED case, Chanda Kochhar had resigned as MD and CEO of ICICI Bank on October 4, 2018. How did the board know that Kochhar was innocent in the case even before an enquiry? Shouldn’t Kochhar have stayed away from the credit committee given that her family had business dealings with the borrower? The board was silent on these critical questions. … [Read more...] about ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next?