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Seasoned Bankers Leave Foreign Banks to Join Ratnakar
Mumbai, Maharashtra, India:Ratnakar Bank, a private sector bank with a strong regional footprint is delighted to announce the appointment of Mr. Joginder Singh Rana as Chief Operations Officer (COO). After a 22 year successful stint at Citibank, Joginder will join Ratnakar Bank in early February and will be based in the Mumbai office. He will be responsible for the Bank’s Operations & Administration

Dec industrial output growth slows sharply

Indian industrial production growth slowed sharply in December as capital investment remained weak, adding to pressure on the RBI to start cutting interest rates to help stimulate an economy that is

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Adani Enterprises finalising $1.5 bln port loan

Adani Enterprises is finalising a A$1.4 billion project finance loan with a group of lenders to replace a US$2 billion bridge loan raised to buy an Australian coal terminal last year, two sources

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Entry load or not, most foreign funds got it wrong

“When a fund house like Fidelity exits, it does not augur well for the Indian mutual fund industry,” says the chief executive officer of a leading fund house. But, he is quick to add,

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Banks play down loan worries

Bankers are unperturbed and chose to play down concerns that their loans to telecom operators would turn non-performing following the Supreme Court's verdict on new 2G licences. The lenders claimed a

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Strong IIP key to stable rupee

As far as the markets are concerned, 2011 will go down as a forgettable year. The rupee particularly saw intense volatility. It fell 18.7 per cent, especially as speculative activity intensified in

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