It was Pakistan's sixth defeat in their last 10 Tests at home and this was also the first time Bangladesh have beaten their neighbours in a Test and series.
ICICI Bank's move to amalgamate Bank of Rajasthan (BoR) with itself at a 1:4.72 ratio indicates the bank would pay a premium of 89.4 per cent to Bank of Rajasthan's closing stock price on Tuesday.
Once ICICI Bank, the market leader, announces the new rates, other banks too are likely to revise their automobile loan rates.
Some of the significant deals include private equity firm FMO's 14.48-million-dollar investment in Magma Leasing, Singapore based investment group Orient Global's 26.88-million-dollar investment in domestic brokerage firm India Infoline, ICICI Venture's $44.57-million investment in Centurion Bank of Punjab and French banking group BNP Baribas' 50.14-million-dollar investment in stock broking firm Geojit Financials.
'I knew it wasn't going to be an easy series. Three more to go. We'll keep our check on it and make sure we do most things right.'
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
David Bedingham said it is a dream to score a hundred in front of friends and family as he owes them a lot.
The pacer took 4-60 as India were bowled out for 307 runs in their first innings, conceding a 28-run lead. The hosts finished at 90/2, leading overall by 118.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
The buoyancy in the capital market has enthused companies like Sterlite, UB, Bharat Forge and Centurion Bank to plan rights issues totalling Rs 2,450 crore this fiscal, which is more than double the Rs 1,006 crore raised in 2003-04.
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
Banks can collapse, markets can be rigged, investment instruments can become worthless overnight, auditors can fail to blow the whistle, board directors can be asleep, and regulators can be incompetent, notes T N Ninan.
Leaving behind the luxe life and dapper suits of foreign banks, Puri and his team at the upstart venture shared fizz drinks, wore a footwear brand popular among the middle class, shared a rat-infested space in a yet-to-be gentrified work space to plan and execute it.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
On the occasion of Sachin Tendulkar's 50th birthday Harbhajan Singh opens his 'memory bank' on his close friend of over 20 years.
Usually, taking two wickets against a strong North Zone would leave any 17-year-old bowler with a wide smile. But Jotin Singh's smile had a tinge of nervousness.
If customers did not see value in what we provide them at the price point at which we provide these, they would not have been there with us in such a competitive market, says HDFC deputy managing director Paresh Sukthankar.
A customer wanting to buy a car would have to wait a long time for delivery.
Raman's hacking expertise is much in demand -- and not from criminal elements. Indian firms and multinationals like ABN Amro Bank, Aditya Birla Group, Bank of Maharashtra, Bombay Dyeing, HSBC, ICICI Bank, Indiabulls, Centurion BOP, Citibank, India Infoline, Ispat Industries and Kotak Group proactively seek his services. Raman's hacking expertise is much in demand -- and not from criminal elements.
The markets have opened the week with positive note as Asian markets
The markets continue to consolidate at the higher levels and ended the day on a flat note with selective buying seen in index pivotals.
The International Cricket Council came in for sharp criticism for its bizarre rules on playing conditions
'We are all going through an entire gamut of emotions. I only saw these players on TV and now I will play alongside them. It's indeed a great feeling.'
Overwhelmed by 'surreal' bidding for him during the Indian Premier League auction, it took Jaydev Unadkat some time to believe that franchises were so willing to break their banks to grab a fast bowler.
Gujarat's 26-year-old opening batsman Samit Gohel on Tuesday broke a 117-year-old record in first-class cricket by notching up the highest score while carrying his bat through the innings of 359 not out during his team's Ranji Trophy quarter-final against Odisha. While Hanif Mohammed's epic 499 remains the highest score by an opener in first-class cricket, no one has scored more than Gohel while remaining not out in his team's score of 641.
Their arrival itself was mired in drama and a mercurial Pakistan would look to bring the focus back on their cricket when they take on an enigmatic Bangladesh.
