Karen B Peetz, President, BNY Mellon, says that as an outsider, the perception is that, culturally, India does not trust market forces.
Nachiket Mor will wear the hat of a jury in two key panels constituted by Raghuram Rajan.
ING which also has to bolster capital to meet Basel III regulations, may get at least $600 million at current market prices, or even more for the stake.
If gold import remains subdued, then $70 billion CAD will be met. Some $15 billion to $20 billion will come between FCNR.
Rajan has demonstrated that he is in front of a surgery table fixing the nation's multiple fractures, and is not by the roadside clinic administering ibuprofen for a quick relief.
The country's CAD problem could be solved if government frees up money that is kept aside as savings, says SBI's Pratip Chaudhuri.
The bank’s aim is to protect what it has achieved over the past few years, even if it means just boring banking.
India is a land of savers, and we would not need imported money if it taps those savings, says State Bank’s Pratip Chaudhuri.
In Raghuram Rajan arrives a new governor without bureaucratic baggage, who intends to make the institution relevant in the decades ahead with financial sophistication
RBI’s move to make foreign banks establish wholly-owned subsidiaries to help country against financial shocks
RBI’s move to make foreign banks establish wholly-owned subsidiaries instead of functioning as branches of their parent cos would be beneficial for us.
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