UBS to revamp investment bank in bid to lift flagging earnings

Switzerland’s UBS plans another shake-up of its investment banking arm to help boost earnings and curb costs after tough market conditions precipitated a performance dip. The world’s largest investment banks have had their worst start to a year since 2006, the latest data published by industry analyst Coalition on Thursday shows. “What’s been communicated today was a reorganisation, which did not include a specific number of job cuts,” a person familiar with the matter said, adding that the restructuring would be carried out by the end of the year. Switzerland’s…

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Kotak Mahindra Bank raises foreign investment limit

Kotak Mahindra BankNSE -0.36 % Ltd on Tuesday raised the limit on total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 percent from 43 percent. The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak’s stake in the bank.   [“source=economictimes.indiatimes”]

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SBI, IFCI, United Bank scout for buyers to clear off Rs16,349 crore NPA

SBI has asked the bidders to submit expression of interest by 9 March 2018 and further to complete the due diligence by 22 March. Photo: Indranil Bhoumik/Mint New Delhi: State-owned State Bank of India (SBI), United Bank of India (UBI) and long-term infrastructure lender IFCI are looking for buyers to sell as many as 110 accounts that have turned dud to recover dues over Rs16,349 crore. All the three have invited bids today from eligible banks, financial institutions, asset reconstruction companies (ARCs) and non-banking financial companies (NBFCs) to prune such non-performing…

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Karnataka Bank clerk exam 2017 results declared, check them here

Karnataka Bank has declared the results of online exam for the recruitment of clerks. Karnataka Bank has declared the results of online exam for the recruitment of clerks to be positioned at its branches/offices across India. The examination was held on February 19, 2017. Candidates who have cleared the online test will be called for an interview. The selected candidates will be appointed on probationary period of six months. On satisfactory completion of the probationary period, they will be confirmed. Selected candidates should execute a bond to work for a…

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Don’t Bank on Your Good Looks to Get a Fat Pay Cheque, Here’s Why

Who doesn’t want a fat pay cheque? After all, for all the hard work you have been putting in for the financial year, you do want rewards for the effort. If you have been wondering how to increase your chances of getting a big raise, chances are you have already found numerous ways to crack it by scrolling through various articles on the internet. There are no dearth of advises on how to increase your pay package. But there is a common perception that your pay cheque has much to…

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Xiaomi Launches 10000mAh Mi Power Bank Pro With Slimmer Build, Faster Charging

Xiaomi, besides launching its Redmi Note 3 in India last week, also launched its 10000mAh Mi Power Bank Pro with USB Type-C in China. The company additionally announced its Mi Box 3 Enhanced Edition media player. Priced at CNY 149 (roughly Rs. 1,500), the power bank like other Mi Power Bank units sports an aluminium body along with temperature, input overload, short circuit, output overcurrent, and reset protection. It also features chipset protection and nine layers of circuit protection built by Texas Instruments. The 10000mAh Mi Power Bank Pro comes…

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