Govt-RBI fights are as old as banking. But invocation of never-used powers makes it something very different.
Financial markets are in fine fettle, going by Garg’s tweet. So where's the crisis?
Section 7 had never been used in independent India — not even when the country was about to default in 1991.
Its peers such as Industrial Development Bank of India, a bigger competitor, followed the same path, though with a different result.
SUUTI made a profit of Rs 3,940 crore selling shares in L&T.
Bad loans for the segment fell to 5.8 per cent in fiscal 2017-18 from 6.1 per cent .
One stark difference between currency crises of the past and now is how the govt and RBI are reacting.
All bad decisions are not necessarily corrupt ones.
Kochhar rose through the ranks to become a role model for millions of aspiring women in a male-dominated world.
Heading toward $3-trillion GDP milestone, India likely to witness more M&As in the next decade.
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