Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
Attributing to the annual report of the UK Financial Investments -- a body which manages government's stakes in banks -- the daily said the losses on the shareholding in RBS and Lloyds Banking Group had reached 10.9 billion pounds at the end of June. UKFI holds 70 per cent stake in RBS and 43 per cent in Lloyds Banking Group.
Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
Banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.
ABN Amro has initiated the process of re-branding its retail branches as RBS after receiving the Reserve Bank of India's (RBI's) approval for the same.
2013 foreign currency non-resident deposits to mature in Sep-Nov
Reserve requirements, mandatory investment in G-secs under Companies Act may slow lending for HNI investment in IPOs.
Analysts and economists say that it is too early to expect anything dramatic on the interest rate regime despite the recent reform measures.
With the US housing and labour markets on the mend, the healing looks more durable, say RBS's Sanjay Mathur and Louis Kuijs.
Similarly, 51 per cent of 105 market participants polled by RBS said they do not expect a CRR cut in the quarterly policy announcement next Tuesday.
Foreign lender Royal Bank of Scotland on Thursday said RBI is likely to hike its policy rates by up to one percentage point this year even as the headline inflation is likely to fall to 6-7 per cent on the back of a good monsoon.
Experts say Indian students will have to accept that international space for them is shrinking.
Equity markets will turn attractive and bonds and gold are likely to lose their sheen this year as domestic growth revives following the recent reforms and the improving global environment.
Last week, Essar had decided to prepay $900 million of this debt to foreign lenders.
Pakistan wicketkeeper Zulqarnain Haider received threats from match-fixers after he refused to abide by their instructions during a domestic game last year, according to a report in London.
Finance -- the most battered sector by the global meltdown -- is making a strong comeback.
There were reports that Infosys had laid off 500 people in the aftermath of losing its multi-million pound deal with the Royal Bank of Scotland.
NRI hotelier Gulshan Bhatia is the front-runner to acquire Waldorf Hilton for 185 million. Bhatia, who along with her son Asif, has built a fortune of more than 70 million as a hotelier, is poised to acquire the 299-room Waldorf in Central London.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
Bond issuances dipped 31.4% during January-June
With more favourable view on Indian economy and business environment under the Narendra Modi government, the risk premium for Indian papers began to climb down.
For most companies this would mean extending medical coverage to same-sex partners, say legal experts.
Apple Pay will be available in 250,000 locations across the UK.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
Fund raising by Indian companies through the offshore debt market is expected to rise in 2015.
Apart from Infosys, players like Tata Consultancy Services and Mindtree have also pointed towards weakness in the financial services sector and project delays and cancellations that could impact the growth of the USD 110 billion IT services sector in the near term.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
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Because of corrections in property prices and oversupply in the office segment, the rich are investing in hospitals, warehouses, ATMs and other alternatives to traditional investment options.
Will Infy spring a surprise in subdued second quarter?
Even after the recent developments at Infosys, both companies are expected to deliver similar revenue growth in FY17
Tata Motors was the top gainer on better-than-expected June quarter revenues
Does away with much of auction process in this market and reinvestment checks
Experts say a lot of new wealth is being generated by promoters selling their stake.
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
Secondary market might be a better bet for investors
Most experts said indices would open higher on Monday and rally might sustain for a few sessions
Conde Nast Traveller sorted through the wish lists of wildlife enthusiasts from around the world to collate this definitive guide. How many will you cross off?
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