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Peter, Indrani siphoned off funds from 9X media: CBI

 Closing in on the financial trail in the Sheena Bora murder case, the Central Bureau of Investigation on Thursday told a court that former media baron Peter Mukerjea and his wife Indrani allegedly......

Banking system liquidity surplus touches Rs 1 trn, shows RBI data

 While liquidity in the banking system has turned surplus in the last few weeks, it could go back to deficit again, mainly due to corporate advance tax outflows. Illustration: Uttam......

Singapore-based DBS Bank plans to trim India branches in 2-3 years

 The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020. Singapore-based DBS Bank plans to scale down its network......

Is foreign exchange rate stability desirable? Not really

 The recent depreciation of the rupee along with sharp fall in the country’s foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and......

What does merger with LVB mean for DBS Bank chief Piyush Gupta?

 While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local......

Union opposes merger of LVB with DBS Bank

 A day after the RBI put in public domain a draft scheme of merger of Lakshmi Vilas Bank (LVB) with subsidiary of Singapore-based DBS, public sector banks' officer union AIBOC on Wednesday said the......

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