Indiabulls Financial Services Ltd on Friday said it has received approval from the Securities and Exchange Board of India to start mutual fund operations. The company is in the process of setting......
Those willing to take a higher risk for higher returns can look at AAA-rated non-convertible debentures from reputed issuers, says Tinesh Bhasin.Illustration: Uttam Ghosh/Rediff.com For those......
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......
Last month, the bank was placed under Prompt Corrective Action due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years.......
'Given the emerging trends, it may be time for India to embrace digital banking,' notes Pradipta Bagchi.Illustration: Dominic Xavier/Rediff.com The year ends with the reputation of banks......