Financial Times - United States
an hour
Financial Times - China
3 hours
Financial Times - United States
10 hours
Financial Times - China
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Financial Times - Europe
12 hours
The Economic Times
13 hours
AHMEDABAD: Axis Bank will open an international finance branch at Gujarat International Finance Tec-City (GIFT) in Gandhinagar, its CEO and MD Shikha Sharma said today."Yes we are planning to open an international finance branch at GIFT City," Sharma said when asked about the bank's plan regarding the GIFT City.She was here as the chief guest of the 52th convocation of Indian Institute of Management Ahmedabad (IIM-A), in which a total 554 students were convocated today.Addressing the students earlier in the day, Sharma referred to the recent Income Tax department raids and unearthing of suspicious financial activities at one of Axis Bank branches and said the Bank and she had more than "fair share of public gaze.""Well Axis Bank, and I as the leader, have had more than our fair share of public gaze too, in the last few months. You can rail against the unfairness of the omnipresent media's judgment of your every act.
Financial Times
14 hours
Financial Times - World News
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The Economic Times
15 hours
NEW DELHI: Bank officers' union AIBOC has registered a protest against the RBI's decision to keep bank branches open on all holidays till April 1 to facilitate government tax collection."In our opinion, the necessity to open the branches for transacting government business on all holidays one week before the end of the financial year is not at all required. There are four full normal working days between 25th and 31st March 2017, which is more than enough to complete all government transactions," AIBOC said in a statement.In a letter written to RBI Governor Urjit Patel, All India Bank Officers' Confederation (AIBOC) said that due to the notification, bank employees won't be able to celebrate Navaratri, Ugadi, Gudi Padwa and many other festivals falling between March 25 and April 1.It is nothing short of hurting the religious sentiments of our people who worked under lot of pressure during demonetisation.
The Economic Times
17 hours
The Economic Times
18 hours
CHENNAI: Public sector Indian Bank today said all its branches, which were authorised to take up government transactions, would function on all days till April one considering closing of financial year. "As per the directions of RBI and Government of India, all authorised branches for government transactions would function on all days from March 25 to April one," the city-based bank said in a press release. "We request general public to utilise the service for paying taxes on time", it said.
Financial Times
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Financial Times
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Financial Times
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Financial Times
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The Economic Times
21 hours
In an interview with ET Now, Ajay Srinivasan, CEO, Aditya Birla Financial Services, says the growth of assets under management (AUM) has been very strong and they are growing faster than the industry in our large businesses. Edited excerpts: ET Now: What is going to be the roadmap, we all know the whole restructuring exercise is on the final lap. What would be the final timeframe for your company to start trading in Indian stock exchanges? How is it going to be? Ajay Srinivasan: We are on track and there is a number of regulatory approvals that we will have to go through before the demerger of financial services goes through. But it is going to happen in the course of FY18 our guess is probably in Q1 or Q2 of FY18. So it is not that far from where we are today. ET Now: How much of a different journey is it going to be because clearly listing also brings with it a lot of challenges? In that sense, FY18 would be a new journey that the financial arm of Aditya Birla Group would be beginning.
The Economic Times
a day
"SBI Caps have not given any detail about the bank wise action plan. Some banks managements want the unions to agree. But agree to what is not spelt out," Venkatachalam said. He said way back in 2002 when Indian Bank was in serious financial trouble, the union had signed an agreement to forgo some of the employee benefits-like leave travel allowance, overtime allowance and others. The Indian Bank management had agreed that top officials will not use air travel, officers would not claim travelling allowance and such things, Venkatachalam added. "Now there is no information as to the contents of the proposed MoU," he said. The central government in a letter to the 10 bank heads had listed out five parameters under which the milestones would be fixed for capital infusion. These are: (a) active management of non-performing assets (NPA), strengthening of lending and monitoring processes; (b) arranging capital from the market; (c) plan for disposal of non-core assets; (d) divesting stakes in subsidiaries, closure of loss-making domestic and international branches; (e) reduction in operational expenses including employee benefits to would be reversed once the banks turns around.
Financial Times - India
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Financial Times - Media
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South China Morning Post
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Financial Times - United States
a day
Party leaders thought the hardliners were a spent force. How wrong they were
Sky News
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The Star, meanwhile, reports on fears Masood wasn't working alone. The i newspaper follows suit, saying Masood isn't considered a 'lone wolf', while also describing his fall into violence at the age of 19. Investigators believe the attacker received text instructions from accomplices moments before he struck. That's in the Times. One of Masood's former friends claims, in the Sun, that Masood had wanted to take a life for some time. The Financial Times also tracks the killer's upbringing,.
Financial Times - Europe
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BBC News 24
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for President Trump in the art of the deal, when it comes to Congress. That was Lynn Sweet, the Washington correspondent for the Chicago Sun Times. The European Union won't try to punish Britain during Brexit talks. That's according to Jean Claude Juncker, president of the European Commission. But Mr Juncker insisted that the UK would have to honour its "financial commitments" as part of any deal - a figure that he said could be.