Financial Services NEWS

Wal-Mart eliminates more corporate jobs

Admin| Apr 11, 2017 - 10:47 PM

Wal-Mart Stores Inc said on Tuesday it is eliminating more U.S. corporate jobs this month, even as it invests in improving its e-commerce operations and in regaining its low-cost pricing advantage in the U.S. retail sector.

Wal-Mart confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.

"As we said in January, to fuel our growth and our investments we have to manage our costs and ......

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The 10 ways to maintain a long career in finance

Admin| Apr 11, 2017 - 02:23 AM

I recently gave a talk on how to survive a long career in the capital markets, something I somehow managed to accomplish.

It was delivered to an engaging and enthusiastic bunch of people from across the capital markets sector in Frankfurt. But no one should underestimate the challenges of working in an industry which faces rolling uncertainty.

Business models of banks and other market players are being challenged by regulations and technology resulting in significant demands being placed on th......

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Government asks PSBs to finalise next wage revision before November 1

Admin| Apr 09, 2017 - 11:14 PM

The finance ministry has asked the heads of public sector banks to finalise the modalities for timely implementation of the next pay revision from November.

There are 21 public sector banks, post merger of six lenders with SBI, in the country. They together employ about 8 lakh people.

In a communication to CEOs and MDs of the state-owned banks, the ministry advised them to initiate the steps for smooth conclusion of next wage revision of the employee within the time-frame.

"However, it is s......

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Reliance Commercial Finance appoints Devang Mody as CEO

Admin| Mar 15, 2017 - 11:54 PM

NEW DELHI: Reliance Commercial Finance, a subsidiary of Reliance Capital, today announced the appointment of Devang Mody as chief executive officer.

Prior to this, Mody served as president of consumer business at Bajaj Finance.

The consumer finance business of Bajaj Finance, under his leadership, witnessed a sharp growth to its current size spanning over 300 towns, with market leadership positions across various business lines.

Mody, aged 44, has over 20 years of experience in the financ......

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LIC Housing Finance Recruitment 2017: Apply Online for 50 Assistant Posts

Admin| Mar 11, 2017 - 12:04 AM

• LIC Housing Finance Recruitment 2017: Apply Online for Assistant Posts
• LIC Housing Finance Recruitment 2016: Apply Online for Company Secretary Post (closed)

LIC Housing Finance Recruitment 2017: Apply Online for Assistant Posts

LIC Housing Finance Limited (LICHFL) invites applications from eligible candidates for the posts of Assistant.

Vacancy Details:

Total Posts: 50

Name of the Post: Assistant

Age Limit: Minimum 21 years & maximum 35 years......

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Finance Ministry gives in-principle nod to ESOPs by PSU banks

Admin| Mar 06, 2017 - 12:05 AM

NEW DELHI: Finance Ministry has agreed in-principle to allow public sector banks to offer stock options to their employees from next fiscal -- a move aimed at retaining experienced hands with better incentives. 

According to sources, Employee Stock Option plans (ESOPs) could be given by those banks which have not only earned substantial profit but also made remarkable improvement in managing NPAs. 

It will help motivate employees to work towards strengthening the financial status of ......

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Indian millennials work harder than their bosses

Admin| Feb 16, 2017 - 10:47 PM

NEW DELHI: Over 80 per cent of India’s millennials – those born between 1980-­2000 – say they work harder than their bosses, as their work hours stretch longer than their managers’, a survey revealed on Wednesday.

According to the survey conducted by Talentedge, a Delhi­based Ed­Tech firm, more than than 12 hours are spent at work by 16 per cent of the millennials aged 21­-24, whereas only two per cent of their superiors are spending the same time at......

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Motilal Oswal Financial Services takes HR processes digital

Admin| Feb 14, 2017 - 10:34 PM

MUMBAI: Motilal Oswal Financial Services is doing a complete revamp of its human resource processes through the use of digital and technology.

This includes a mobile app which enables employees to mark their attendance through cell phones by switching on their location or apply for leave or regularise attendance; using digital to move to a paperless office; introducing virtual learning classroom for staff; and using hiring analytics for improve candidate experience.

“Technology h......

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CXO hiring mandate up 25-40 Percent since January

Admin| Feb 14, 2017 - 10:20 PM

CXO recruitment is picking up after a slowdown last year. Executive search firms and experts say there has been a 25-40% increase in hiring mandates for CXO roles since early January on the back of improved economic sentiment, liquidity returning to the system, Indian companies expanding overseas and more clarity on the business front.

All this has led to a flurry of activity after a slump in 2016 due to a combination of factors such as Brexit, the US elections and excessive presdisure on glob......

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Mid sized financial firms on hiring spree now!

Admin| Jan 17, 2017 - 11:00 PM

MUMBAI: It may be a season of job losses and eroding businesses for many in these post demonetisation days but small and mid­-sized financial services firms are on a hiring spree, pooling in precious human resource talent during these difficult times. They say this reverse trend is part of their talent investment for the future.

Lenders, including Bandhan Bank, Lakshmi Vilas Bank, Yes Bank, JM Financial and IndoStar are hiring scores of executives across the board in a reversal of......

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