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The emergency lifeline from the central bank has provided the embattled lender with only some relief, with its battered share price resuming its descent on Friday. With investor confidence still fleeting, some analysts have said the loan facility has only bought Credit Suisse some time to work out what to do next strategically to restore profitability. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EKY3A6j via IFTTT

State-run UCO Bank's Managing Director and CEO, Soma Sankara Prasad, says that now Indian banks are most likely to take a hit on their margins as deposits get repriced. Prasad also says that there is no need for additional capital infusion by banks as Indian lenders are adequately capitalised and UCO Bank has no risk from the Adani saga. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/A3e9Bm7 via IFTTT

With a single branch in India, Credit Suisse has a 1.5% share among foreign banks in India. Its share of banking assets is at 0.1%. About 70% of the bank's assets in India are in short-term government securities. "Banks in India have already downgraded Credit Suisse in their internal ratings so fresh trading positions with them is now unlikely," said the chief government bond trader at a large private sector bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eV7WB40 via IFTTT

Bagchi, who has been with the group since 1992, has been executive director of ICICI Bank since February 1, 2017, heading the wholesale banking business of the bank. After taking over the reins from Kannan, he is expected to focus on growth in annualised premium equivalent (APE), which has been a significant challenge for his predecessor. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CU5PYOg via IFTTT

"Keeping in view their performance in the interface, their overall experience, and the extant parameters, the Bureau recommends Ashwani Kumar for the position of MD and CEO in UCO Bank," FSIB said in a statement. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iD9gdcE via IFTTT

In a directive sent last month, the government asked the public sector banks (PSBs) to define achievable goals, and identify new initiatives and create an action plan to meet those. A number of such initiatives will be part of the Enhanced Access and Service Excellence (EASENext) reform version 6.0, which will be launched in April, a senior government official told ET. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/FStwpbB via IFTTT

The Financial Services Institutions Bureau (FSIB) interviewed 11 candidates from various public sector banks (PSBs) for the forthcoming positions of MD & CEO in PSBs, the Bureau said in a statement. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3Pr2Yug via IFTTT