Rivals slam Trump; call him a 'crazy zealot'

Republican presidential frontrunner Donald Trump on Friday came under scathing attack from rivals Ted Cruz and Marco Rubio who blasted the real estate mogul on his immigration stand and for hiring......

UTI ARC ropes in four foreign banks

Asrec India Ltd, the asset reconstruction company set up by UTI Mutual Fund, has roped in four foreign banks."Citibank, Standard Chartered Bank, Deutsche Bank and ABN Amro have taken stakes," said......

Citi joins list of foreign banks scaling down India ops

Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Photograph: Chris Helgren/Reuters Mumbai-based Axis Bank completed acquisition of......

Why are foreign banks marching out of retail banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space. Raghu Mohan reports. Illustration: Dominic Xavier/Rediff.com On March 8, Axis Bank......

Foreign banks pitch for 2009 road map

Foreign banks operating in India want the Reserve Bank of India to prepare a vision document on policy changes they can expect after March 2009. The foreign banks would list their demands in a......