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Out of PCA, IDBI Bank can now expand business

The bank will now be in a position to resume normal lending activity, including corporate lending, with tightened risk management framework. Private lender IDBI Bank is out of prompt corrective......

Amitabh Chaudhry has his task cut out as Axis Bank chief

In addition to challenges such as reining in non-performing assets and boosting profits, Chaudhry will have to repair the bank’s reputation, build internal controls, and improve regulatory......

Banks may share transaction data with money sleuths

FinMin's project will enable tax man to track electronic transactions like RTGS or NEFT.Shrimi Choudhary reports.Illustration: Uttam Ghosh/Rediff.com The finance ministry is planning a pilot......

RBI plans to put weak private lenders under the hammer

The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action. In a first, the Reserve Bank of India (RBI) is planning to auction private sector banks......

New finance code is a step in the right direction

The first major aspect is that of the veto power to the governor. All said, one must thank the financial system and perhaps the new finance code for raising so many new aspects and issues......

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Ashvin Parekh Advisory Services

News for Ashvin Parekh Advisory Services

Out of PCA, IDBI Bank can now expand business

Amitabh Chaudhry has his task cut out as Axis Bank chief

Banks may share transaction data with money sleuths

RBI plans to put weak private lenders under the hammer

New finance code is a step in the right direction

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