The global financial crisis that started in the later part of 2008 following the collapse of the Wall Street investment bank Lehman Brothers may be over but the cleaning up process is still on, said Chairman of Federal Deposit Insurance Corporation Sheila Bair on Tuesday.Double-dip recession can't be ruled out: World Bank "After many months of recession and job losses, the US economy is beginning
Indian industry began this financial year on a strong foot, with robust growth of 17.6 per cent in April. This has surpassed analyst expectations and fuelled concerns of a rate hike by the Reserve
The period from March 2009 was "the year of wishful thinking". Central banks cut interest rates and governments opened their cheque books providing a flood of cheap money that gave the illusion of
State Bank of India, the country’s largest lender, has turned a borrower at the Reserve Bank of India’s repo window.
During the global financial crisis, Indian banks showed resilience. Now, when the economy is shrugging off the effects of the crisis, signs of stress on the sector are emerging. Asset quality is
The ongoing economic crisis in the euro zone may have at least one positive aspect — higher remittances to India. While, according to banks, there was at least a 10 per cent reduction in
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