In a world where everyone seeks a salary hike whatever the company’s performance, Vasu surprised his board with request for a pay cut.
The Reserve Bank of India won’t defer its order asking banks to set aside 15% as provisions for loans given to Punjab government.
The Punjab government said there had been no misuse of funds, pointing out that the grain purchases are on behalf of the entire country and go toward the central pool.
At least four people familiar with the matter said RBI’s directive has alarmed banks who now have to provide at least 15% of the loans.
As the global financial markets face a turmoil, India cannot remain unaffected. But some structural reforms could help salvage India’s position, says Gunit Chadha.
Bank’s Asia-Pacific CEO Gunit Chadha says commitment to region is strong and intact
Rajan's NPA move could push banks into a tipping point. The time may not be right given the weak economy. But in the long term, it could save our banks.
This fiscal Patanjali may have a revenue of Rs 5,000 cr, more than Colgate or GSK. IIFL, a brokerage, forecasts revenue at Rs 20,000 crore by 2020.
India is like a Bollywood movie, long but happy ending ahead : Uday Kotak, Vice-chairman, Kotak Mahindra Bank
Normally, Bollywood movies have happy endings. So, one needs to look at India like a Bollywood movie — long but happy ending, he said.
The RBI needs to clarify how its accommodative monetary policy stance is reflected in the context of liquidity management .
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