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
South south bank
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?
Indian financial services sector lagged behind global peers when it comes to digital transformation, said a 2017 Gartner report. However, the exercise gained momentum and banks’ investments increased with Gartner predicting that the total spending in IT would be $11 billion in 2020, a 9 percent increase compared to 2019. … [Read more...] about IBM India in talks with more banks to develop digital platforms as more tech giants foray into banking sector
An incident of firing took place on the Line of Actual Control (LAC) in Eastern Ladakh sector, ANI reported quoting sources. Indian and Chinese troops have been engaged in a stand-off in the region for over three months.Incident of firing took place on the Line of Actual Control (LAC) in Eastern Ladakh sector where troops of India and China have been engaged in a stand-off for over three months. More details awaited: Sources pic.twitter.com/URFIpr22ZP … [Read more...] about India-China border tension: Firing at LAC in Eastern Ladakh sector
A veteran of many negotiations with tricky adversaries, Parthasarathy too believes that the diplomatic road ahead looks far from promising. ``Foreign Minister Jaishankar has not got much out of the dialogue; not that he had too many options. It is also important to remember that with the Chinese, their statement and their actions are always going to be at odds with each other,” he says. … [Read more...] about India shows the way in checkmating a rampaging China