When Warren Buffett, the most renowned investor in the world, shuns IPOs due to their inherent opaqueness, how is that the Indian regulator made them transparent?
The across-the-board layoff is intended to improve efficiency at ICICI as it competes with rivals like HDFC Bank that enjoy a premium with investors.
The combination of the associates will enhance the asset base of SBI to Rs 21.9 lakh crore, and add 5,658 branches to its 15,143 branches.
India will need bigger banks to grow like China: Arundhati Bhattacharya, Chairman, State Bank of India
Our bond markets are not that well developed. Over the years, we may be able to do it, but I don’t see it sprouting up in the next 18 months, says SBI Chairman.
A number of banks plan to approach the courts against the Andhra Pradesh government's waiver of farm loans aggregating Rs 54,000 crore, the biggest by a state.
Rajan has given little indication that he is ready to cut interest rates anytime soon, but mkt seems to be expecting such an outcome, reminiscent of his predecessor lagging the mkt.
Raghuram Rajan today called on PM Narendra Modi and is likely to have discussed the macro-economic situation and issues related to price rise.
Surging inflows could create 2 problems– appreciation of Re which could erode the country’s competitiveness in global mkts and slowing down of exports.
The Reserve Bank of India has been touchy and conservative on M&As, but an attitudinal change to regulations is the need of the hour.
With Raghuram Rajan backing them with changes to rules, banks believe that it could well be a springboard to remain relevant when the economy swings up.
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