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Kotak Mahindra Old Mutual Life Insurance

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SBI may participate in the Rs 4,500 cr rights issue of IL&FS along with LIC

The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31 The National Company Law Tribunal (NCLT), Mumbai, superseded the......

SBI's merger plan may lead to a banking meltdown

'SBI is already too big. Too big to fail.''It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'......

How India's financial sector tackled economic crisis

India is a great motion picture rather than a static photograph, as the evolution of the financial sector over the past four decades has shown, notes Uday Kotak. Image: An employee counts U.S.......

PMEAC chairman defends rate hike

Defending the Reserve Bank's decision to hike key rates by 25 basis points, the Prime Minister's Economic Advisory Council on Friday said the central bank had no other option, as inflation remains......

Industry growth rate shrinks to only 6.3% in April

The country's industrial growth rate shrunk by more than half to 6.3 per cent during April, mainly on account of a poor showing by the manufacturing and mining sectors, a development that the......

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