Worsening Canada-India diplomatic ties may take a toll on FPI flows

Deteriorating ties between India and Canada could have a bearing on flows into the domestic capital markets. At present, Canada is the seventh largest country for foreign portfolio investor (FPI)......

SBI's merger plan may lead to a banking meltdown

'SBI is already too big. Too big to fail.''It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'......

Government staff may invest 50% of pension fund in stock market

  PFRDA likely to make it 50% and allow employees to pick private fund managers Government employees might soon be given a choice to invest as much as half their contribution towards pension......

Mukesh Ambani, Dilip Shanghvi among 11 players to make banking easier!

Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh. The Reserve Bank of India (RBI) on Wednesday allowed 11 business houses, including Reliance......