Briefs: New ANZ India CEO, APRA disinterested in macro-prudentials and AMP wary on NAB

ANZ appointed Sanjeev Bajaj as CEO for India, reporting to CEO International Banking Farhan Faruqui. Bajaj joins from Credit Suisse AG, where from 2010 he was CEO Mumbai Branch, Managing Director & Head Fixed Income India. Prior to this he was CEO, Managing Director & Head of Fixed Income and International Businesses at JM Financial. He has also held senior roles with Bank of America in India. ANZ said its current India CEO, Subhas DeGamia, has been appointed Executive Director Super Regional Business Development, International Banking, based in Sydney.

Wayne Byres, chair of the Australian Prudential Regulation, has played down talk of any rush to adopt so-called macro-prudential measures. Speaking to the House Of Representatives Standing Committee on Economics on Friday, Byres said: "there has been considerable media interest in this - many interpreting comments in the Reserve Bank's Financial Stability Review as a sign that we are planning to implement the same sort of macro-prudential measures introduced in other jurisdictions (such as LVR caps and loan-to-income limits). We are still working through our options but, as I have said elsewhere, those sorts of tools are unlikely to be the ones we reach for first."

AMP CEO Craig Meller downplayed speculation that AMP may be interested in National Australia Bank's life insurance business in an interview with The Australian. "One of the things we learnt from the Axa transaction was that the distraction from your day to day business of doing a big merger integration is quite significant," he told the newspaper. "We are not going to be an aggressive payer for any business. I think we have some good growth momentum in our company ... and you need to focus upon that. My perception of the big four banks is they are rational and they are not financially stressed. So they are not going to sell an asset cheap. I very much doubt there will be a price they are prepared to sell at that we are prepared to buy at."

More than 2000 taxis use the Ingogo payment processing terminal, its founder, Hamish Petrie, told the Financial Review. This will amount to more than A$100 million of transactions over the next 12 months, about one tenth the taxi payment turnover of Cabcharge, the industry leader.