Takao replaced Haruhiko Kuroda, who had, in March, quit ADB to take charge as Japan's central bank governor.
With recruitment numbers having dropped off sharply since the liberalisation process got under way in 1991, large-scale retirements of people hired during the 1970s and 1980s will leave large gaps in the organisational structures of these banks.
In most circumstances, this would have been the cause for widespread handwringing and lamentation. But in today's India, the response was more one of relief than one of shock.
RBI norms on foreign control of corporations will clear the air.
The BRICS bank is simply too expensive a proposition for a group of developing countries that includes many who are already overspending domestically.
They have sought data from these companies on loss absorption capacity in case of a fall in gold prices and higher defaults.
Large sectors such as metals, mining, machinery, and transportation have seen a decline.
In an interview with PricewaterhouseCoopers, A M Naik, chairman of Larsen & Toubro Limited, talks about the company's strategies, opportunities and the challenges facing it.
In an interview with PricewaterhouseCoopers, Aireen Omar, chief executive officer of AirAsia Bhd, talks about the company's strengths, opportunities and challenges.
The aviation minister, Ajit Singh, on Tata-Air Asia joint venture
The critical task facing Indian banking is to quickly improve the risk-assessment capability of the state-owned banks, which account for three-quarters of all banking; and if that fails, then to privatise them.
Corporate results confirm worst fears about growth trajectory.
Even the US, whose dominance over global commerce since World War II is being challenged for the first time, is striving to expand its bilateral commerce with China.
Interview with Uday Kotak, executive vice-chairman & MD, Kotak Mahindra Bank.
As banks are looking at such infrastructure as ancillary assets, wanting to focus on core activity, they're reluctant to commit their resources here, throwing space open for other players.
Wants road map for GST, reduction in duties and no additional tax on diesel cars.
By sharing the infrastructure with others, telecom companies can drive down their costs, reduce investments and, in the process, improve their bottom line.
It is more than certain that coal supply is a major constraint on power production; and power is a major constraint on industrial growth.
In its monetary and macroeconomic development report, RBI has raised hopes of a rate cut but also flagged some challenges.
Economists advise against it, citing international experiences; business leaders say RBI should allow move for inclusive growth.
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