PNB fraud case: Axis Bank says ‘sold down’ LoU transactions

Axis Bank on Thursday said it is an active participant in the secondary market for transactions against letters of undertaking and it “sold down” certain such dealings with Punjab National Bank. Referring to media reports about certain buyer’s credit transactions with PNB, which is at the centre of a Rs 11,400 crore fraud case, it said that in the normal […]

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Rakesh Singh heads private banking at HDFC Bank

Rakesh Singh has been appointed head of Private Banking at HDFC Bank. He will continue to head the Bank’s Investment Banking, Capital Markets and Financial Institutions businesses.  As of December 31, 2017, the Private Banking business had assets under advice of over Rs. 93,000 crore across over 16,000 families in India and overseas. For this role, Singh will report to […]

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Aditya Puri Receives Lifetime Achievement Award At The BW Businessworld Magna Awards 2018

The BW Businessworld Magna Awards 2018 10th edition sheds light on the pioneers of the banking industry. Aditya Puri, MD, HDFC Bank received the lifetime achievement award and the banker of the year goes to Mr. Uday Kotak, Executive Vice Chairman and MD, Kotak Mahindra Bank. HDFC Bank bagged the award under the fastest growing large bank segment.    Aditya […]

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