MELBOURNE (IANS) : An Indian businessman and his wife on Monday launched the largest legal action in the state of Victoria, seeking more than $1 billion in compensation from an Australian bank. Pankaj and Radhika Oswal accused the Australia and New Zealand Banking...
New Delhi, (IANS) Taking a dig at the Centre, former finance minister P. Chidambaram on Saturday wondered whether the Narendra Modi-led BJP government "deserves" RBI Governor Raghuram Rajan and described him as "one of the most outstanding economists" in the world. "I...
"Good policy has been essential to our stability", said Dr. Raghuram Rajan, Governor, Reserve Bank of India in his inaugural speech at the SAARCFINANCE Governors' Symposium held today in Mumbai. For India, undertaking a variety of structural reforms to enhance growth;...
New Delhi, (IANS) BJP's newly nominated Rajya Sabha member Subramanian Swamy has urged Prime Minister Narendra Modi to remove Reserve Bank of India (RBI) Governor Raghuram Rajan. In a three-page letter to Modi on Monday, Swami said Rajan, a former International...
Chennai (IANS) Around 10 lakh bankers will go on strike on July 29 against the government's varied actions and inaction pertaining to the banking sector, said a top leader of All India Bank Employees'Association (AIBEA). The decision to go on strike on July 29 was...
New Delhi (IANS) The process to form the proposed Monetary Policy Committee for the Reserve Bank of India (RBI) will be initiated after the notification of the Finance Bill as an act, an official said on Tuesday. "Process to constitute Monetary Policy Committee will...
New Delhi, (IANS) The Reserve Bank of India on Thursday released the draft guidelines for 'on tap' licensing of universal banks in the private sector and sought comments on them. "The suggestions on the draft guidelines may be sent by June 30 this year. Final...
Chennai : (IANS) A special court here has convicted including Indian Bank's former chairman and managing director M.Gopalakrishnan and five others in a fraud case and sentenced them to two years rigorous imprisonment, a CBI statement said. In a statement issued here,...
New Delhi : (IANS) Indian banks can reduce per-transaction costs by up to 50 percent in the next few years by going digital, an Assocham-PwC study said on Friday. "Banks will have to make the operating model agile so as to easily adapt to changing business dynamics,...
New Delhi : (IANS) Bharti Airtel has increased maternity leave for its women employees from 12 weeks to 22 weeks, a company statement said here on Wednesday. "With this new policy, our aim is to offer adequate work-life balance to women employees and ensure that they...