With RBI governor Raghuram Rajan talking about a bigger role for foreign banks, experts feel his condition on reciprocity may be a huge hurdle. They don't think the discussion should just be limited to these banks taking over smaller Indian banks.
Reliance MediaWorks, a film and entertainment company, said its board had approved separating its exhibition and film and media services businesses into subsidiaries.
HSBC group chairman Douglas Flint told CNBC-TV18’s Shereen Bhan that the number one challenge that faces the global banking business is reestablishing trust and to get everyone on the same agenda.