'Most Indian promoters don't want to default'

StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.Illustration: Dominic XavierRediff.com Zarin......

Can the new India CEO Zarin Daruwala lift fortunes of StanChart?

A veteran of 26 years with ICICI Bank, 50-year-old Daruwala resigned on November 17. As India CEO of Standard Chartered, Daruwala will report to Ajay Kanwal, regional CEO, Asean & South Asia. When......

RBL Bank: Strange Corner Office Changes

One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay. Photograph: Mahipal Soni/Rediff.com On June 19, 2018, the day ICICI Bank......

Rs 1 trillion relief for corporate bonds, courtesy RBI

The RBI on Friday said it will give banks Rs 1 trillion through targeted long-term repo operations (TLTROs), of up to three-year maturity, to deploy in “investment-grade corporate bonds,......

IL&FS: Contempt notices issued to Axis, StanC, others

The ministry informed the tribunal that former head of ILFS Financial Services Ramesh Chandra Bawa withdrew/transferred Rs 1 crore and Rs 14 lakh from Axis Bank accounts in two instances which are......