The spike was led by HDFC Bank's $60 billion all-stock acquisition of Housing Development Finance Corp. in April, which combined India's leading bank and largest mortgage lender.
Bumper pool of fees has become all the more significant for bankers in an especially harrowing year, that saw sickness and death come much closer to home due to Covid pandemic.
Banks should think about the types of candidates they’re trying to recruit. In post-pandemic era, keeping young employees will be about something more existential than money & perks.
In a letter to all state chief secretaries, the finance ministry sought proactive and preventive measures amid rising incidents of violence against bankers on bank premises.
The average commute time on Mumbai's, India's financial capital, major routes is over an hour, more than twice the averages of Singapore, Hong Kong & New York.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
COMMENTS