MONEY & BANKING
PUBLIC SECTOR BANKS
Allahabad Bank: Buy
Impressive performance, stable earnings outlook and undemanding valuations make Allahabad Bank an attractive pick in the banking space
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MERGERS & ACQUISITIONS
`Asia to witness more M&As'
Market liberalisation is expected to drive merger and acquisition activity in the Asian financial sector over the next five years despite regulatory roadblocks, according to a report by PricewaterhouseCoopers (PwC), in association with Economist ...
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OUTLOOK
Banks may lose about Rs 1,500 cr CRR income
The banking sector will lose nearly Rs 1,500 crore that it could have potentially earned from the Reserve Bank of India, following the amendments to the RBI Act. That is about 6 per cent of the profits earned in 2005-06. Banks, hitherto, got ...
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PEOPLE
New IDBI executive directors
Five officials of the rank of chief general managers in IDBI Ltd have been elevated to the post of executive directors, said a spokesperson from the bank. The officials are Mr Pradip Roy, Mr R.M. Malla, Mr B.P. Singh, Mr ...
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Cross Currency Rates
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