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It’s official. We are saving less. But it is surprising given the global economic climate of the last three years or less? According to the National Register of Savings Bonds 2011, published this week, the level of our savings has declined in the last year. More worrying, however, is that 86 % of people in […]

The State Bank of India will knock on the government’s door once again to get the clearance for its proposed rights issue to raise Rs 20,000 crore while it is going steady with its overseas expansion plans. “We are going back to the government on the rights issue,” SBI chairman Pratip Chaudhuri told ET. He […]

Following in the footsteps of IIM Ahmedabad and IIM Lucknow, who had carried out the CAT-based computer in 2009 and 2010, respectively, IIM Calcutta has taken the responsibility of conducting the CAT 2011 entrance exam. Prof. Janakiraman Moorthy, marketing professor at IIM Calcutta has been appointed as Coordinator CAT 2011. Confirming the information, IIM Calcutta’s official […]

First what are your expectations on interest rates currently, inflationary expectations are building up especially after the latest round of fuel price hike as well, so when do you see inflation peaking out and do you see another rate hike by the RBI in the July 26th policy? Krishna Kumar: Well as far as the […]

The Reserve Bank of India has set the standards of due severe and tedious in the industry for banks in sanctioning of loans to real estate, after an inspection found that the majority of frauds were due to forgery even after specialized lawyers and accountants. The central bank said that banks should make every effort […]