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14 December, 2018 11:37 AM Understanding the Kotak-RBI battle – Letter, spirit, rules and a court petition

We examine the complications and implications – essentially the answer to the question: What is this Kotak’s Natak? Kotak Bank which was built by Uday Kotak was asked by RBI to pare down its promoter stake way back in 2012. THis is normal, as part of RBI norms, to “broadbase� the shareholding and to restrict individuals from holding large stakes 81

13 December, 2018 1:54 PM Govt mulls additional Rs 30,000 crore capital infusion in PSU banks

Due to subdued market conditions, banks have been unable to raise enough funds from the markets so far. New Delhi: The government is considering additional capital infusion of up to Rs 30,000 crore in public sector banks as they have been unable to raise required funds from the markets, sources said. As part of the capital infusion plan announced by the Finance 66

13 December, 2018 6:29 AM Mutual funds bet big on these 30 stocks in November; do you own any?

The Indian equity market rose about 5 percent in November but what was more heartening to see was inflows into mutual funds. Investors pumped Rs 1.4 lakh crore into various mutual fund schemes in the month. With the latest inflow, the total infusion in mutual fund (MF) schemes reached about Rs 2.23 lakh crore year-to-date, latest data with the Association 48

12 December, 2018 2:45 PM New RBI Governor Very Sensible, Forward-Looking: NITI Aayog CEO

Shaktikanta Das was appointed RBI Governor a day after Urjit Patel quit abruptly. NITI Aayog CEO Amitabh Kant on Wednesday said that new Reserve Bank of India Governor Shaktikanta Das will add immense value to the central bank as far as its independence and autonomy is concerned. Mr Kant also called Mr Das "a very sensible and forward-looking officer 47

12 December, 2018 10:54 AM Will new RBI governor stand up for the central bank?

Shaktikanta Das was instrumental in setting up the Monetary Policy Committee and played a key role in the government's demonetisation drive. Barely 24 hours after Reserve Bank of India (RBI) Governor Urjit Patel resigned, the government announced that Shaktikanta Das, a member of the 15th Finance Commission and former Economic Affairs Secretary would 44

12 December, 2018 5:46 AM In His Own Tweets: What New RBI Governor Shaktikanta Das Thinks

Shaktikanta Das is an active user of Twitter, a sharp contrast to the outgoing RBI chief Urjit Patel who was publicity shy and rarely gave interviews. The new central bank governor Shaktikanta Das is an active user of Twitter, a sharp contrast to the outgoing chief Urjit Patel who was publicity shy and rarely gave interviews. The tweet landed when India 54

11 December, 2018 6:29 PM RBI slaps Rs 1 crore fine on Indian Bank for violating cyber security norms

Mumbai: The Reserve Bank of India Tuesday said it has imposed a fine of Rs 1 crore on Indian Bank for violating cyber security norms. The RBI has imposed, by an order dated November 30, 2018, a monetary penalty of Rs 10 million on Indian Bank for contravention of Circular on Cyber Security Framework in banks, the central bank said in a release. The contravention 54

11 December, 2018 2:25 PM Shaktikanta Das appointed as new RBI Governor

New Delhi: Ending speculations, government appointed former Economic Affairs secretary Shaktikanta Das as the new Governor of the Reserve Bank of India. His appointment comes a day after Urjit Patel announced to resign as RBI Governor with immediate effect citing personal reasons. Das has become the 25th RBI Governor, and will serve a three-year term. "The Appointments 48

11 December, 2018 5:46 AM Rate-sensitive stocks trade lower on Urjit Patel's resignation; HDFC Bank, Oberoi Realty fall 2-3%

Interest rate-sensitive stocks are trading in the red with Nifty Bank, Nifty Auto and Nifty Realty down up to 1 percent each after the sudden announcement of resignation of Reserve Bank of India Governor Urjit Patel. Bank Nifty was down over 1 percent with losses from HDFC Bank and ICICI Bank which shed 2 percent each while IndusInd Bank and Kotak Mahindra 57

10 December, 2018 1:26 PM India's software service exports increased in 2017-18: RBI data

India's total exports of software services, excluding exports through overseas commercial presence, increased by 11.6 percent to $ 108.4 billion in 2017- 18, according to the Reserve Bank of India's annual survey. Total exports of software services by India, including services delivered by foreign affiliates of Indian companies, which were mainly present 54