INSUBCONTINENT EXCLUSIVE:
decades-long argument that diversely owned banks and state-ownership of lenders provide better financial stability and fairness stand
The issue is directors and managers with no skin in the game are taking decisions on lending and writing off thousands of crores! Sound
principles of corporate governance and harmonious functioning between government and regulators are the crucial elements for a sound future
National Bank has been defrauded for about 13,000 crore, or thousands of crores of rupees defaults caused by fraudulent businessmen
Governance issues are raised at diversely-owned, professionally run ICICI Bank where its chief executive Chanda Kochhar is charged with
convinced that the worst is over
due to stressed asset woes and capital crunch will help private sector banks to increase their market share to 50% of the banking system
from 30% now in the next five years, he said.
Kotak said the bank is on course to double its customer base to 16 million by September 2018
as targeted when it launched its digital account 811 in March 2017
At the same time, our micro economy is doing better.
