The government said on Thursday that it was committed to demutualisation and corporatisation of stock exchanges to prevent recurrence of securities scams.
The Reserve Bank on Monday advised banks to provide shade from the sun and water to customers waiting to exchange or deposit Rs 2,000 notes. It can be noted that during the note ban in 2016, there were allegations of customers dying while waiting in queues to exchange bank notes. Following Friday's announcement of withdrawing Rs 2,000 notes -- the notes continue to be legal tender unlike demonetisation exercise -- there were concerns about customers facing inconvenience, especially given the summer being at its peak.
Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.
The branch managers have come out of their glass cabins and the sellers' market has transformed into a buyers' market, but there is no end to the harassment of customers, asserts Tamal Bandyopadhyay.
India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively.
Banks and financial institutions have proved to be the only ones in corporate India's otherwise dismal gender diversity performance, according to a report published by Standard Chartered Bank.
Individual banks should break away from the industry pact and have their own settlements with the unions, recommends Tamal Bandyopadhyay.
As real estate investment trusts are yet to take shape in India, about a half a dozen realty firms have started the spadework for listing REIT-like vehicles on the Singapore Stock Exchange.
A dedicated physical gold exchange could lead to standard gold pricing in India.
The Ministry of Corporate Affairs ordered the inspection of the books of accounts of NSEL and Financial Technologies India Ltd to ascertain if any rules under the Companies Act were violated, a senior official said.
Rajesh Bhayani highlights all that you need to know about the online currency.
The Narendra Modi government's alacrity in promoting ease of tax administration, a critical component in the ease of doing business index, has set in motion several incremental policy and administrative reforms, says Mukesh Butani.
Banks and exporters preferred to reduce their dollar position in view of its weakness.
Entities reluctant to get into new segment till settlement and margin issues are addressed
Brokers have only kept guarantees for which they have open positions.
A group of concerned individuals as the India Pride Project and the support of one man dubbed America's Indiana Jones has resulted in the return of India's heritage back to the country, says Vijay Kumar.
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