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India's first International Exchange at GIFT city to start trading from January 16
Fri, Jan 13, 2017
Trading on the new India International Exchange at Gujarat International Finance Tec-City (GIFT city) will begin from January 16, Monday in equity, currency and interest rate derivatives to start with, a top company official said.
Italy's BMPS bank to go with private sector-led rescue
Mon, Dec 12, 2016
Italy`s troubled Banca Monte dei Paschi di Siena (BMPS) bank on Sunday announced it would go ahead with plans to seek a private sector-led rescue, narrowly avoiding the need to seek a government bailout.
ECB rejects Monte Paschi's request for more time to raise cash
Sat, Dec 10, 2016
The European Central Bank (ECB) has rejected a request by Italy`s Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, a decision that piles pressure on the Rome government to bail out the lender.
Indian banks require nearly Rs 6 lakh crore to meet Basel III norms: Fitch
Mon, Sep 12, 2016
From April 2017, the Indian banks are scheduled to begin migrating to Indian Accounting Standards and the compliance will be compulsory from April 2018.