"Of the successful Indians abroad, it is fair to say that Anshu is one of the leading few who wears India on his sleeve," Nikesh Arora.
To abandon zero interest rates, the target for developed markets has moved from economic growth, to unemployment, to inflation.
How SBI chief Arundhati Bhattacharya uses technology and recovery to give the bank a new-age makeover
When Bhattacharya decided to transform SBI from a staid state-run lender into a customer-friendly one, she went hunting for a technology hand.
ABG’s revenue slumped to Rs 30.4 crore in the December 2014 quarter, from Rs 1,595 crore in the full fiscal year of 2013-14, regulatory filings show.
Investors, drawn by the relatively higher yields offered by Indian government bonds, are buying units of open-end income and gilt funds.
“If what you create does not outlive you, then you have failed,” says Kotak in an interview at his new headquarters in Mumbai.
"India has a situation where deposit rates are above policy rates. In most parts of the world, deposit rates are at par or below the policy rate."
Cost of funds has been lowered by halfa-percentage point since January 15 with the repo rate, the rate at which banks borrow from the RBI, falling to 7.5%.
“The evidence over the past 30 years both in India and abroad clearly favours an independent Public Debt Management Agency (PDMA),” says Aziz.
RBI’s cap on lending to banks at just 0.25% of the net demand and time deposits at the repo rate may well be the reason why rates are not easing immediately.
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