Commercial Banking

Union Budget 2021: Govt should consider light touch regulatory regime to attract global lenders in IFSC

On the tax front, it is important to make it easy for both the lessor and lessee to avoid tax leakage.

Union Budget 2021: Detaching banks from attachments under economic offences laws is need of the hour

When the mortgaged property is attached for alleged violation of these laws, the banks become the unintended victims of crime exposing them to the perils of irrecoverable loans

Union Budget 2021: Nirmala Sitharaman should give special focus on financial sector to kickstart economy

It is going to be a daunting task for the government and the finance minister is expected to take some crucial steps to kickstart the economy and bring the demand back to the pre-COVID-19 levels.

Union Budget 2021: Govt needs to pursue disinvestment seriously next fiscal, else it may be a flop show again

Unlike 2020-21, the government cannot afford for disinvestments to be a flop-show in 2021-22 as well.

Citibank India profit up 41% on commercial banking, mortgage businesses

The bank's mortgage book grew 16.7 percent to Rs 9,949 crore in the year.

Citigroup eyes more wallet share from smaller clients, to hire 100 bankers in Asia

Citigroup plans to hire as many as 100 bankers in a renewed push into Asia-Pacific commercial banking, following in rival HSBC's footsteps with a strategy that focuses on selling smaller corporate clients a wider range of products.