Indian Finance Observer

ICICI Bank names Chanda Kochhar as CEO

ICICI Bank has named joint managing director Chanda Kochhar as its new chief executive to lead the country's second-largest bank.

Next year will be more challenging, says RBI Governor

The global situation has declined rapidly in a less than two months and next year is going to be a more challenging one than the current one, the Reserve Bank of India (RBI) Governor D Subbarao said.

S&P's slash bank ratings as global economy slows, says report

Standard & Poor's has reportedly reduced the credit rating or outlook of 12 major US and European financial institutions, saying the move reflected its view of the significant pressure on large, complex financial institutions' future performance as the global economy slows further.

ING moves India fund unit chief to Singapore

ING Group's Indian mutual fund unit chief executive Vineet Vohra will shift from his current job to Singapore effective Jan 1 after an 18-month stint at the fund house, a statement said.

Uni0n Bank inks a MoU with NSIC

Union Bank of India has entered into a memorandum of understanding with National Small Industries Corpn Ltd (NSIC), New Delhi.

Consumer confidence in India among highest in Asia / Pacific, says MasterCard

Consumer confidence across the Asia Pacific region has dropped seven points from six months ago, as a result of current economic volatility and the prospect of a global economic recession, according to the MasterCard Worldwide Index of Consumer Confidence.

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Uni0n Bank of India raises 2 bln rupees via bonds

State-run Uni0n Bank of India has raised 2 billion rupees through lower Tier II subordinated debt, the bank informed the stock exchange.

Max Bupa hires Damien Marmion as its CEO

Max Bupa Health Insurance Limited has appointed of Dr Damien Marmion as its chief executive officer.

MNY Life launches IVR in 10 languages

Max New York Life Insurance has launched interactive voice response service (IVR) in 10 different languages.

Asia investment banking fees fell 30%, says Thomson Reuters

Asia investment banking fees fell 30 per cent year on year, ex Japan, as per Thomson Reuters report.