UBS buy gives Credit Suisse India employees a glimmer of hope

UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank’s India employees a glimmer of hope. Photograph: Arnd Wiegmann/Reuters The......

Credit card base of major issuers erodes in Q2 over RBI's norms

Credit card issuers saw significant erosion of their card base during the July-September quarter as the Reserve Bank of India’s (RBI) norms mandated deactivation of cards that have been......

Battered by three decades of controversy, TMB looks back to the future

June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could......

Indian corporate houses face a sharp, abrupt increase in funding costs

After two years of a record low interest-rate regime, Indian corporate houses are experiencing a sharp and abrupt increase in funding costs. Illustration: Uttam Ghosh/Rediff.com With the Reserve......