Both Rajiv Lall & Vaidyanathan were determined to maintain secrecy before finalising the deal.
SBI earned Rs 1,771 crore between April and Nov last year as penalty for not maintaining minimum balance.
To deal with fiscal threat, FM has the choice between short-term gain over long-term pain or vice versa
In fiscal 2006, the government pressed the pause button on fiscal consolidation citing the burden from the implementation of the 12th Finance Commission report.
While the two most powerful men in Indian finance have promised funds and forced recognition of bad loans, the harder task is in resolving these mountains of bad loans.
Rallying equities have boosted net asset values of funds which help managers pay dividend.
As financing shifts away from banks, strength in other forms of financing to keep revenue streams intact.
At $17,000 apiece, it is good for buying a car, or a seaside home, but not brinjals and tomatoes.
A curse of the state-run banking system is the limited tenure of a chief executive.
Retail lending is more compliant now as rating agencies are covering retail: Romesh Sobti, IndusInd
The Indian government last week amended the Insolvency and Bankruptcy Code through an ordinance.
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