At a time when private sector bank directors are being paid in lakhs for every board meeting they attend, the payment in public sector bank...

In May 2014, Nayak submitted a report, a blue print for financial sector reforms of public sector banks, to the banking regulator Reserve B...

“We are working towards issuing guidelines for full service banks on tap. I cannot give you a timeline, but it will be in this financial ye...

The government is considering issues related to greater autonomy to banks including raising tenure of their CMDs to five years.

Without fresh legislation, the government cannot drop its stake in nationalized banks (which account for 70% of the banking system) below 5...

Kotak Mahindra Bank’s promoter group has sold 3.24% stake in the lender to comply with Reserve Bank of India guidelines on share holding in...

The RBI appointed Nayak committee, which submitted its report on May 13, addresses governance issues at both private and state-owned banks.

Bank chiefs say changes can't happen overnight and government and RBI will have to strike a balance between fiscal and monetary policy.

The Bombay High Court has asked the co-promoters of Yes Bank, Rana Kapoor and Madhu Kapur, to amicably settle their dispute over the right ...

PJ Nayak, who transformed Axis Bank into India’s fourth-largest by market capitalisation from an also-ran bank in a decade, has been hired ...

Morgan Stanley stunned the Indian financial markets announcing that PJ Nayak, former CEO at Axis Bank, will be its India CEO from April. Na...

PJ Nayak, the man who gave Axis Bank a new identity after building it as the country’s third-largest private bank, has decided to call it a...

UTI Bank’s PJ Nayak, who sparked debate around splitting the post of chairman and managing director in private banks, may be an exception t...

The board of UTI Bank is likely to appoint a search committee to shortlist a candidate for the chief executive position at the bank.

The board of directors of UTI Bank will meet on April 17, 2007 to decide on the chief executive position.

UTI Bank hopes to grow its loan book at over 30% in the next financial year says Our Bureau.

The UTI Bank board has reappointed PJ Nayak as CMD of UTI Bank for a period of two years from August 2007 to July 2009.