Bain Capital looks to step up distress game, plans new India team

To look after the investments, Bain is setting up a dedicated India team and started the hiring process, said one of the persons cited above.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2KhdXpn

Read more »

Banks need more time to implement new APIs: IBA

The objective should be to implement the revised Application Programming Interfaces without compromising on accuracy, safety and security, the IBA said

from Business Line - Money & Banking https://ift.tt/2KhRYi3

Read more »

Piyush Goyal credits Arun Jaitley for NPA clean-up; says banks poised for growth now

Having recognised the huge NPA pile by "biting the bullet", the banking system is now poised for a better future and support the credit needs of the economy, interim finance minister Piyush Goyal said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2trN2kb

Read more »

34 in fray for MD post in PSBs; interviews to be held from June 28

The Banks Board Bureau (BBB) will next week begin the process of  identifying suitable candidates for the post of managing director in nearly a dozen

from Business Line - Money & Banking https://ift.tt/2MOXSc9

Read more »

Piyush Goyal credits Arun Jaitley for NPA clean-up; says banks poised for growth now

"Our banking system is now poised for very good times ahead," he told reporters on the eve of Asian Infrastructure Investment Bank (AIIB)'s maiden annual summit being held here, when asked about the two meetings he had with bankers on dud loans resolution.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2lwL1Pr

Read more »