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......

'It's Like Being Handed A Formula 1 Race Car, But Choosing To Walk'

'The choice is clear: We either embrace this transformation and cement our global leadership, or hesitate, lose ground, and fade into irrelevance.' Kindly note the image has been posted only for......

LVB to become DBS Bank India from Nov 27; Rs 25,000 withdrawal restriction to go

Crisis-hit Lakshmi Vilas Bank (LVB) will merge into the Indian arm of Singapore-based DBS Bank on Friday, leading to removal of all restrictions, including withdrawal cap of Rs 25,000, which the......

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......