The Reserve Bank of India , among others, has voiced its concerns about the circularity of investments between banks and mutual funds . The time period chosen for this analysis was from December 2008 to November 2009. However, market sources are questioning why the central bank has chosen a year old period to do such an analysis, especially when it is in a position to access latest data. In the subsequent months, the central bank itself has expressed its concern on the issue and banks have also reportedly taken corrective action.
Indian business schools have always been on the multinationals’ radar when it comes to hiring fresh talent. Royal Bank of Scotland is one more multinational bank to have set its sights on the managerial talent from Indian business schools for its global offices. Its global market head was in India this week to make presentations at the Indian Institute of Management in Kolkata. RBS is said to have hired some 11 management graduates this season despite the slowdown in the global financial market. Most of them are expected to be in the treasury and risk management areas.
In a retrenchment mode?
One often sees heads roll when market are volatile. That is what has happened in HSBC Bank. Insiders say the British bank plans to move about 100 employees from its back office to the front office. While the management is actually looking at retrenching people, one is not sure if such a move would go down well, especially with the back office employees.
Janakalyan Bank chief quits
The chairman of Janakalyan Sahakari Bank, a state-based co-operative bank, RP Mishra, who has held this post for several years, has put in his papers, reportedly over differences with the Rashtriya Swayamsevak Sangh (RSS). Janakalyan Bank, which is among the best-managed co-operatives, has strong leanings towards the Hindu-right wing outfit. What is surprising is that it is very rare that one gets to see revolt in such a cadre-based organisation.
source: economictimes.indiatimes.com
The Reserve Bank of India , among others, has voiced its concerns about the circularity of investments between banks and mutual funds . The time period chosen for this analysis was from December 2008 to November 2009. However, market sources are questioning why the central bank has chosen a year old period to do such an analysis, especially when it is in a position to access latest data. In the subsequent months, the central bank itself has expressed its concern on the issue and banks have also reportedly taken corrective action.
Indian business schools have always been on the multinationals’ radar when it comes to hiring fresh talent. Royal Bank of Scotland is one more multinational bank to have set its sights on the managerial talent from Indian business schools for its global offices. Its global market head was in India this week to make presentations at the Indian Institute of Management in Kolkata. RBS is said to have hired some 11 management graduates this season despite the slowdown in the global financial market. Most of them are expected to be in the treasury and risk management areas.
In a retrenchment mode?
One often sees heads roll when market are volatile. That is what has happened in HSBC Bank. Insiders say the British bank plans to move about 100 employees from its back office to the front office. While the management is actually looking at retrenching people, one is not sure if such a move would go down well, especially with the back office employees.
Janakalyan Bank chief quits
The chairman of Janakalyan Sahakari Bank, a state-based co-operative bank, RP Mishra, who has held this post for several years, has put in his papers, reportedly over differences with the Rashtriya Swayamsevak Sangh (RSS). Janakalyan Bank, which is among the best-managed co-operatives, has strong leanings towards the Hindu-right wing outfit. What is surprising is that it is very rare that one gets to see revolt in such a cadre-based organisation.
source: economictimes.indiatimes.com
