recast

Higher loan-loss provisions by banks and greater "sacrifice" by founders or controlling shareholders of troubled companies are among the tighter norms for loan restructuring recommended by a panel appointed by the Reserve Bank of India (RBI). Banks should set aside 5% of total assets for...

India's largest lender the State Bank of India has reshuffled its top management. It has recently promoted five chief general managers (CGMs) to fulfill the vacancies of deputy managing directors (DMDs) and around 18 general managers (GMs) to the posts of chief general managers (CGMs)

Political affinity to the ‘small’ man and the consequent love for the ‘children of God’ by the state is understandable. In statecraft he is quite useful as he has one vote which he generally exercises. But in markets, which believe in survival of the fittest, he is really small in terms of...