The raising of key rates by the Reserve Bank of India is expected to ease the transition to the base rate mechanism, which came into effect from July 1.
The government must be complimented for finally showing some determination in biting the bullet on petroleum prices. It must now stand its ground and ride the wave of political protests that are bound to be staged by an Opposition waiting to return to relevance.
Select bankers will meet RBI Deputy Governor Subir Gokarn, who is in-charge of the monetary policy department, and other central bank officials on July 12.
Government officials said the system proposed by the finance ministry, which would be akin to the mechanism followed for auction of investment rights in bonds, would result in Mint Road losing control over overseas fund raising by companies and that was RBI's major concern.
It will be helpful advice for a chief minister-in-waiting who is going to have to deal with empty coffers and overflowing expectations
The scaling down of the branch expansion plan is part of SBI's overall game plan to check costs.
The refusal to auction 2G spectrum ensures that the debate over Trai's recommendations will centre on whether one group was favoured over the other in the past and whether one wrong justifies another.
State Bank of India (SBI) wants to extend its footprint to 11,943 unbanked villages, with a population of at least 2,000, this financial year. The country's largest lender recently submitted its plan to the Reserve Bank of India (RBI).
Winds of change are blowing across Mumbai's Mint Road.
In a sense, C K Prahalad was behind the curve; he provided coherent articulation of existing best practices rather than providing future prescriptions.
If CAG indicts Raja, will action be taken? asks Business Standard.
There is nothing wrong in business persons and professionals entering public life and becoming ministers. But once they do so, they should keep at an arms length their private interests, both of their own and their near and dear ones.
Serious money has finally found its way into Indian sport.
Apart from the possibility that top-class foreign universities will not want to set up campuses if they're going to come in as 'deemed universities', there is the issue of a level playing field for Indian institutions. Here are two voices, one for and the other against the Bill. Read on. . .
Just 6.4% of branches owned by new private sector banks are in the rural areas
