Citi joins list of foreign banks scaling down India ops

Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis......

How RBI can prevent frauds

Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day.What it needs is more onsite supervision.Merely checking high-frequency data with the help of technology is......

SBI, 25 other major Indian banks figure in suspicious transactions list

Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities. Illustration: Uttam......

LGBT verdict: Will India Inc manage to walk the talk?

For most companies this would mean extending medical coverage to same-sex partners, say legal experts. The Supreme Court judgement decriminalising certain sections of 377 of the Indian Penal Code......

Legal settlement agreed with former owners: Liverpool

Liverpool said on Friday that a settlement between former owners Tom Hicks and George Gillett and directors involved in the sale of the Premier League football club had been agreed following a......

'Haider received threats from fixers in past'

Pakistan wicketkeeper Zulqarnain Haiderreceived threats from match-fixers after he refused to abide by their instructions during a domestic game last year, according to a report in London. A report......

Liverpool change hands after 'penalty shootout'

Liverpool's tortured takeover battle ended on Friday with the owners of Major League Baseball's Boston Red Sox completing their 300 million pounds ($480.8 million) purchase of the Premier League......

Liverpool received takeover offers: Purslow

Liverpool have received a number of takeover offers and will take time to examine them, the Premier League club's managing director said on Sunday after a media report suggested the sale process......

Syrian says Liverpool deal close; Huang denies bid

Syrian businessman Yahya Kirdi said on Wednesday he isin the final stages of negotiations to buy Liverpool as reports mounted of a wave of bids to buy the Premier League club. Kirdi said in a......