- Jun30By Reuters
Credit Suisse is planning to boost its stake in its Chinese securities joint venture to the maximum permissible 49 per cent, which would make it the first foreign bank to take advantage of relaxed Chinese investment rules introduced four years ago, three people with direct knowledge of the matter said.
- Jun29By Bloomberg
Just days after Raghuram Rajan announced plans to a return to academia, he’s battling to preserve the Reserve Bank of India’s independence.
The government’s proposal to consolidate the country’s 27 public sector banks (PSBs) to create 8-10 financial giants creates risks that, in the current weak economic environment, could offset the potential
- Jun27By Reuters
The government has narrowed its list of candidates to become the next governor of the Reserve Bank of India to four and a new monetary policy committee will be appointed soon, a senior official told Reuters.
- Jun22By PTI
The government is looking at consolidation among the 27 state-owned banks to create 4-5 large sized lenders, a process that will begin with the merger of SBI and its associates in the current fiscal.
- Jun19By PTI
State-run banking behemoth SBI has been named in a 'Hall of Shame' list of 158 banking and financial institutions globally that have invested billions of dollars in companies making cluster
State Bank of India (SBI) has set aside Rs 200 crore for creating a dedicated IT innovation startup fund. The fund will consider assistance of up to Rs 3
Indian asset-reconstruction companies, a key component in the nation’s fight against banks bad loans, lack the capital to make a big dent in the nation’s more than $100 billion of
In a bid to help banks to deal with stressed assets problem, the RBI on Monday came out with a new scheme for reworking the financial structure of entities facing genuine difficulties.
Call it the banking conundrum. On one hand, the RBI is opening the sector by inviting more new banks. On the other hand, it is also stressing on the need to consolidate public sector banks (PSBs).
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