The governance reforms, as an official put it, would bring in measures to track the performance of the executive-rank employees of the banks, intensively.
Former US Treasury Secretary Robert E Rubin has been appointed as the chairman of the Citigroup after the resignation of its embattled CEO Charles Prince, prompted by major write-offs by the world's biggest bank following turmoil in subprime loan and credit markets. Vikram S. Pandit, an Indian, who took over Citigroup's investment banking operation in early October, just six months after joining the bank, is one contender for the top post.
The US economy has been growing comfortably for several quarters.
Some private banks offer easier platform to transfer money abroad, like ICICI's Money2World.
To combat terror financing, India and the US committed to work together to check illicit money transfers.
The 57-year-old Bhattacharya, front-runner for the post on account of years of service left, was managing director and chief financial officer of the bank prior to her elevation.
'Rate cut should reiterate RBI's commitment in providing confidence to consumers and small business.'
The bond market expects at least 25 basis points cut in the June 6 policy.
'We appreciate his positive evaluation of the relationship and share his optimism about its future directions.' 'We look forward to welcoming him in India next week for detailed discussions on further strengthening of our partnership,' the MEA said on Friday.
President Donald Trump has tapped Jerome "Jay" Powell to lead the US central bank, bypassing Janet Yellen for a second term despite praising her excellent management of the world's largest economy over the past four years.
Brokerage firm CLSA says in its interactions with government officials, measures such as the dollar-deposit scheme were under consideration.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
The announcement of the Federal Reserve sent markets to a tizzy
'More than 900 companies believe that the majority of their employees worry about AI's role in potential job losses.' 'It makes employees anxious about working with machines or AI applications and fuels resistance to change,' says a Capgemini report.
Pakistan in a letter to UN Security Council 1267 Committee has contended that Hafiz Saeed supports a family of four members, as a sole supporter, he is responsible for food, drink and clothes expenses for all family members.
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
The comment was in response to a June 19 Reuters story citing sources with knowledge of the matter as saying that India planned to clear some oil payments to Iran through the United Arab Emirates central bank.
Economists warn of the impact that a Fed rate rise could have on emerging economies.
President Donald Trump talked to the Saudi King, during which the latter flatly denied having any knowledge of the missing journalist.
Global growth, according to IMF, likely to be lower at 3.3%
The British pound was down nearly 9 per cent in early morning trade.
As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
India must have a "contingency plan" in place to ring-fence the country's economy if the political showdown in the US leads to a default on its international monetary obligations, industry body Assocham said.
The US has slapped sanctions against a number of international companies and individuals for evading sanctions against Iran and for providing support for its contentious nuclear programme.
The US market regulator Securities and Exchange Commission was doing what it could to stem the flow. It temporarily prohibited naked short-selling in the securities of major financial players including Freddie Mac and its sister firm Fannie Mae in July. But this didn't really help. It was only after global central banks pumped in unprecedented liquidity into global markets, that the storm was finally calmed.
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
India has not been able to compete with countries such as Bangladesh and Vietnam.
Highlights from PM Modi's Mathura speech to mark one year in power.
He also performed puja at Basuki Naag temple in the premises by pouring milk.
Not all change is good, but this one is, applauds Shekhar Gupta.
In 1910 the who's who of Wall Street met in total secrecy in an American town to work towards the first draft of the bill that would finally give the United States a central bank.
The rupee will largely remain stable but with a mild depreciating bias in the next one year
GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.
Shanghai's benchmark share index plunged below 4,000 points for the first time since April
Gold is often favoured as a hedge against economic and financial uncertainty
Announcing his resignation, the British PM said, "The British people have made a very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction."
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Fag-end dollar selling by exporters helped the rupee to recover lost ground and settle at the day's high of 60.77, a gain of 11 paise. The rupee earlier touched an intra-day low of 61.21 on July 8.
India has gone through this exercise twice, and here's what happened then.
