'Paying my taxes, diligently repaying my loans, following the rules, scrupulously doing things by the book, when there's this big, beautiful world of unregulated chicanery I could have indulged in for years before just flying off to greener pastures, like Lalit Modi, Vijay Mallya and Nirav Modi,' says Mitali Saran.
The State Bank of India on Wednesday became the first Indian bank to begin full-fledged operation in China.
Bank of India will become the first Indian bank to set foot in the Chinese capital when its Representative Office is inaugurated in Beijing next week.
Indians withdrew about $50 billion from their credit cards, including $26 billion through Visa cards, from ATMs in the country last year, Uttam Naik, deputy country manager, Visa International (South Asia) said on Monday.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
'When users sign up for free apps and services, they are giving up data. They fail to realise the impact of their data in the public domain, which is something that corporations have been monetising on for some time now.'
According to the agency, while the impact of the Supreme Court's decision is limited, the cancellation of the 2G licences highlights the Indian banks' exposure to infrastructure.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
The Indian Bank Personnel Selection common written examination for selection of candidates for clerical positions in 19 listed banks in the country is scheduled on November 27, 2011, Sunday. In an online chat with readers, Aziz Manva, head, Testfunda.com addressed reader queries related to cracking the exam. For those who missed the live chat, here's the unedited transcript.
'I find the RBI edict to the Kotak Mahindra Bank to reduce Uday Kotak's shareholding very unreasonable,' says Sudhir Bisht.
India Inc has pitched for rate cut to boost economic activities.
The Reserve Bank is unlikely to lower the interest rates.
Asks banks to settle for lower margins, boost efficiency.
Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, writes Tamal Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, says Tamal Bandyopadhyay.
Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks.
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