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Rotomac Global booked in Rs 750 crore bank fraud case

 The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. Photograph: PTI Photo The company, which was in the......

Bank mergers and death of forex brokerages

 Business is down to such an extent that last year these firms could not even meet RBI’s capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this......

Why forex brokerage firms are staring at a dark future

 Today, they can’t meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business.Bulk of the trades......

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