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Seasoned Bankers Leave Foreign Banks to Join Ratnakar
Mumbai, Maharashtra, India:Ratnakar Bank, a private sector bank with a strong regional footprint is delighted to announce the appointment of Mr. Joginder Singh Rana as Chief Operations Officer (COO). After a 22 year successful stint at Citibank, Joginder will join Ratnakar Bank in early February and will be based in the Mumbai office. He will be responsible for the Bank’s Operations & Administration

Deutsche Bank exits Lodha investment
Deutsche Bank has logged a major gain before it exited a four-year-old investment in a Lodha group firm for Rs 2,542 crore, by making a neat profit of 55 per cent or Rs 902 crore ($180 million).

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Deutsche Bank exits Lodha, gains $183 mln
Germany's Deutsche Bank has gained 9 billion rupees after exiting from a four-year investment in Mumbai-based builders Lodha Developers, the Indian company said. Deutsche Bank was paid 25.42 billion

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Fears of U.S. slowdown fade as economy shows some muscle

A few months ago economists were all but certain the U.S. economy would slow sharply at the start of this year, with many warning that recession risks were growing. That pessimism has been shaken off

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DoT favours open auction of vacated 2G spectrum

In a move that could pave the way for open auction of the 2G spectrum released from 122 cancelled operators, a draft Cabinet note prepared by the Department of Telecommunications (DoT) has

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Greeks to brief eurozone on tentative debt deal

A spokesman for Greece's private creditors says Greek Premier Lucas Papademos will soon tell eurozone finance ministers the contents of a deal to reduce the country's massive debt.

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