This week in the banking sector saw some new strategies and announcements related to bad loans and some capital-raising plans by banks to step up efforts to revive banks’ financial strength.
The highlight, however, was the 64 percent increase in payout for FY17 received by Chanda Kochhar, MD and CEO of ICICI Bank, which is also the country’s biggest private bank.
The RBI or the Reserve Bank of India, also invited applications for the Deputy Governor post, which may be the a first hire from the private sector
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