Citibank disappears from India
The third-largest private lender in India, Axis Bank, recently completed the acquisition of Citibank for ₹11,603 crores, or ₹722 crore less than the ...
Tag: Indian Banking Sector
India’s Axis Bank to buy City Bank’s India division
Axis Bank, one of the largest private sector banks in the country with more than 11 billion dollars in revenue, is all set ...
Physical branches of Banks will soon be a thing of the past
From being a laggard in digital payments, today India does more digital payments than the USA, UK, and China combined. The idea behind ...
Islamic Banking in Jammu and Kashmir is a ridiculous idea, and any such demand should be put to rest immediately
A division bench of Justice Ali Mohammad Magrey and Justice Sanjay Dhar of Jammu & Kashmir High Court last Wednesday (November 3) granted ...
An NPA-ridden Indian banking sector has been “stabilised” by PM Modi, Moody’s says
Global credit rating agency Moody’s has finally got rid of its blinkers and revised the outlook for the Indian banking sector to stable from negative. ...
Modi government comes up with Bad Bank set up that will revolutionise the banking sector
The Modi government wants to push the credit to GDP ratio of the country, which stands at an abysmally low rate of around ...
Everything you need to know about the mammoth LIC IPO
Putting the Initial Public Offering (IPO) process of the LIC on the fast lane, the government has shortlisted 10 merchant bankers to manage ...
By making voluntary retirement an attractive scheme, govt is solving two issues in one go
In February, earlier this year, Finance Minister Nirmala Sitharaman whilst presenting the annual budget had announced that the government proposed to take up ...
