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S Africa's FirstRand eyes Indian banking sector
South African banking group FirstRand is firming up plans to make a foray into India once a framework for opening up the banking sector to new entrants is put in place, according to a media......
S African banks plan Indian arms
FirstRand Bank and Standard Bank, two leading South African banks, are planning to set up shop in India. Confirming this, XP Guma, deputy governor, South African Reserve Bank, said FirstRand Bank......
5,275 wilful defaulters (+ Mallya) owe banks Rs 56,621 crore
India’s five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza......
Factors that will decide the fate of rupee this month
The Rupee's fall is expected on concerns that the US Fed might give a hawkish guidance. The rupee, which has already breached the 64-mark this month, may weaken further a month down the line, as......
RBI likely to hold key rates
Reserve Bank Governor Raghuram Rajan is widely expected to hold the key rates citing high inflation at the fourth bi-monthly monetary policy announcement on Tuesday, even though the pro-growth......
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