The government reiterated its strong resolve to contain the import of gold, by banning advances for the purchase of gold of any kind and reducing the limit up to which loans can be disbursed.
China's banking regulator has launched a nationwide probe of banks' wealth management products, the China Securities Journal reported on Tuesday, citing unidentified sources.
Sarah Hewin, senior economist, Standard Chartered explains to CNBC-TV18 that the EU summit surprised the markets by announcing solutions to address the short-term problems instead of discussing measures which would take effect only in the medium-term
As per the draft, anyone seeking to acquire 5% or more share capital of a banking company would need a nod from the banking regulator.