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RBI rejects 3 'not suitable' applications for setting small finance banks

Business Standard - FInance

The Reserve Bank of India has rejected three applications, including the of West End Housing Finance, for setting up small finance banks. These applications were found not suitable for granting of in-principle approval to set up small finance banks, it said in a statement on Tuesday.

Finance 98
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People Moves Monday: Northern Trust, Lloyds Bank North America and more…

The TRADE

Northern Trust promoted Dane Fannin as its new head of global foreign exchange (GFX)and securities finance within its capital markets business. In his new role, Fannin will be responsible for innovation and business growth across Northern Trust’s suite of GFX and securities finance solutions.

Banking 52
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On-Cycle Private Equity Recruiting: Will PE Firms Start Recruiting 10-Year-Old Children Soon?

Mergers and Inquisitions

PE firms want to lock in candidates before they burn out from banking and have second thoughts. If you want to participate, you must start preparing after you win a return offer from your investment banking internship because PE firms could move up the timeline even earlier. They just want the most motivated/hardcore candidates.