The government will dilute its stake in state-run banks to 52 per cent once the health of the lenders improve and the money will be used to inject capital in them, Finance Minister Arun Jaitley said
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The PwC and BW Businessworld jury finalise the winners of the India’s Best Banks
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How mutual funds are now serving as a savings tool for the lay investor
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Under Governor Urjit Patel, the Reserve Bank of India will target inflation of 4 per cent, three officials familiar with its thinking said, adopting a narrower reading of its mandate than markets in a bid to stamp out rampant price rises of the past
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Financial advisors need to innovate, leverage on technology and re-engineer their business models to make them more cost effective while widening their breadth
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The government has empowered RBI to ask banks to initiate insolvency proceedings to recover bad loans, amounting to over Rs 6 lakh crore in case of state- owned lenders alone, and promised more measures to resolve the NPA crisis
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Reserve Bank has been given powers to identify specific loans gone bad and enforce quicker resolution with the government amending the banking law through an executive order, Finance Minister Arun Jaitley said
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The cash recall has seen about Rs 15 lakh crore making its way to the banking system
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