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If 2008 was the turning point in the history of global finance, with the crisis waking up regulators in the US and Europe to the illusions of a stable system, 2013 exposed everything that was wrong with India, more so with its financial system. The
IST Share More If the inflows taper and investors shift focus on to defensives, the Nifty has a strong chance of a pull-back to lower levels, say analysts. The bulls seem to have run out of steam after the Nifty hit an all-time closing high on Sunday.
shares traded In an interview with ET Now, Nandan Chakraborty, Managing Director, Institutional Equity Research, Axis Capital, shares his views on the RBI policy and the base rate hike by Yes Bank. Excerpts: ET Now: What explains the weakness that we
The Bank stated that the operating profit for Q1FY14 was up 47.9 percent to Rs...Q1FY13 on the back healthy growth in total Net Income, while the Cost to Income ratio was 38.3 percent in Q1FY14. The Board of Directors of Yes Bank Wednesday took on
Bank, after the RBI announced additional liquidity tightening measures to check rupee slide. The 30-share barometer fell by 75.94 points, or 0.37 per cent, to 20,226.19 with banking, realty and consumer durables leading the fall. The index had gained
The liquidity tightening measures announced late on Monday by the Reserve Bank of India (RBI) made investors sell banking shares in large quantities with the BSE Bankex shedding nearly 5% or 651 points. All banking majors ended the day deep in the
T he documents further claimed it was not disclosed to the shareholders that Srinivasan was earlier engaged as an adviser and was drawing monetary benefits from the bank. Also, the bank did not inform shareholders that Nanda was a director and a
B anks must keep 27 per cent of deposits at the RBI and in government bonds, even in their startup years. That means they can lend only 73 of every 100 rupees raised in deposits...While those requirements are the same for existing lenders, the rules
It was found not in accordance with the 'fit and proper' guidelines of the Reserve Bank of India and the board decided to reject it," Rana had told Business Standard earlier in the week...Rana subsequently declined to be interviewed for this article.
NewsApp NewsApp (Free) Read news as it happens Available on Rediff News All News T he tussle between the two promoter families of YES Bank has brought to the fore the fit and proper criteria in the appointment of directors to bank boards. Rana