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Rs 750 to Rs 755 per share price band fixed for SBI Cards IPO
At issue size of Rs 10,355 cr, the offering will be Asia’s biggest this year and fifth-largest domestically. SBI Cards and Payment Services (SBI Cards), a subsidiary of State Bank of India......
'The rupee's correction is good'
'When the rupee was at 65 a dollar, we wanted to go to Thailand for a holiday.''Now at 72, we may find Goa much more attractive.''That's how correction happens.''If you don't let that correction......
Was RBI right to let the rupee slide?
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue. The recent sharp rupee depreciation has brought in......
Why banks are uncomfortable with bankruptcy code
Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues Are banks getting boxed in after the introduction of the Bankruptcy......
India's $400-billion forex reserves comes at a cost
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.......
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