The bank is considering "strategic options", which includes a potential sale of a portion or all of its business, the Financial Times reported, citing two sources privy to the development.
This could be an appropriate time to start portfolio construction as Fed commentary suggests that some of the financial stability concerns are abating
Uncertainty and risk to upside in inflation has reduced; the sooner financial stability is achieved is better for investors
The rupee closed at 82.6350 per dollar, compared with its previous close of 82.5525.
High inflation and high interest regime in the longer term would present more complex challenges, not just liquidity
An online art exhibition opening April 30 at the new Science Gallery in Bengaluru will take viewers on an incisive journey through the history and science of outbreaks.
Considering all these sectoral losses and global supply chain disruptions, India’s ongoing GDP losses are estimated to be around $5-10 billion (0.15-0.35 percent of GDP).
Michael Every of Rabobank on the other hand feels that the markets haven't fully comprehended the Greek scenario. He believes it is still a slow burn. According to him, the market believes some kind of a compromise will be reached.
While India has negligible direct exposure to Greece, the contagion risk will put pressure on the Indian rupee and increase market volatility, thereby risking capital inflows.
John Woods of Citi Private Bank believes EMs like India could see higher outflows. "Transmission mechanism through higher energy prices could be profound." Plus, US tapering, China slowdown, and liquidity concerns across central banks can result in outflows from markets like India.
Flagging the potential threat of contagion to the banking system in case a large corporate fails, the Reserve Bank has hinted at bringing down the single entity and group exposure limits for lenders.
Jean-Francois Tremblay Associate Managing Director Of Global Financial Institutions Group at Moody‘s clarified that the downgrade is broadly focused on Asia Pacific banks and not just Indian banks.
Gerard Minack of Morgan Stanley says, in an interview on CNBC-TV18, that it may be a good time to buy if global mkts dip on Cyprus worries: Morgan Stanley
It wasn‘t a great close for the Indian market on Friday, but today it has a bigger problem to face. Suddenly, there is a problem from Europe. The problem is a levy on depositors for banks in Cyprus, which has led to a fear of contagion across the financial system in Europe.
The International Monetary Fund is inserting itself more forcefully into Europe's efforts to resolve its debt crisis, hoping to stem a contagion that is spreading worldwide and threatening global growth.
A 3-D release of animated classic "The Lion King" ruled the domestic weekend box office by trouncing virus thriller "Contagion" and three newcomers, according to studio estimates compiled by Reuters on Sunday.
Deadly virus thriller 'Contagion' caught on with filmgoers and easily took the top spot at the weekend box office in the United States and Canada, according to studio estimates compiled by Reuters on Sunday.
Not even the A-listers are spared in "Contagion", a star-studded movie directed by Steven Soderbergh that recreates the outbreak of a global pandemic.
Crude oil is not very comfortable for India at USD 96 West Texas Intermediate (WTI) and Brent having crossed USD 100 per barrel. Jonathan Barratt, the Managing Director of Commodity Broking Services, told CNBC-TV18 says the Libyan situation highlights the growing concerns surrounding West Asia.