RBI likely to cut policy rate by 25 basis points in Aug: Bank of America Merrill Lynch

Better supply management and check on hoarding should be able to prevent food price spikes The Reserve Bank of India is likely to cut benchmark rate by 25 basis points in its policy meet on August......

Citi joins list of foreign banks scaling down India ops

Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Photograph: Chris Helgren/Reuters Mumbai-based Axis Bank completed acquisition of......

Deutsche Bank is top I-bank in India

Deutsche Bank has emerged as the leading investment bank in India, leaving behind conventional players such as Merrill Lynch, Lehman Brothers and Goldman Sachs. With a market share of 16.6 per......

Merrill Lynch appoints Jayanti Bajpai India head

Global financial service provider Merrill Lynchsaid on Tuesday it has appointed Jayanti Bajpai as head of investment banking operations in India. Bajpai, named as head of origination for India,......