Rana Kapoor has been at odds with the Kapur family and is fighting a legal battle over the latter's right to seek a nomination on the bank's board.
In an interview with ET’s MC Govardhana Rangan and Anita Bhoir, Bala Swaminathan, Asia head, Westpac Banking Corp discusses how trade could progress.
WhenRBIfreed up the last regulated interest rate in late 2011, these smaller banks grabbed the opportunity to raise their low-cost deposit share.
Base rate, a concept that the central bank introduced in 2010, may be on its way to becoming irrelevant.
The Reserve Bank of India had objected to RBS operating ABN AMRO’s Indian business under two entities — RBS and RBS Coutts.
Earlier, the Reserve Bank of India had stopped foreign purchases in the bank as it had already reached the 49% initial limit for foreign investment in the banking sector.
Around 60-odd senior bankers, bureaucrats and officials from RBI were divided into six groups, with each group given one subject — HR, consolidation, recovery, for instance.
Ever since Kotak announced the decision to buy ING in an all stock deal valued at $2.4 billion, ING staffers have been agitated.
Banks and telecom companies are among those looking to be joint stakeholders in institutions that RBI envisages as playing a critical role in financial inclusion project.
In fact, the new licences for foreign banks are being issued on condition that they will convert into a subsidiary as and when the RBI asks them to.
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