India

Albeit at a snail's pace.

Garnering political commitment will apparently be difficult.

Five other large banks also affected.

Due to poor performance of some banks.

Unstable loans put assets at risk.

Appetite for reforms still unclear, says Fitch.

See how Citi Prestige and Citi Ultima Infinite can boost overseas card spends.

The purpose of the article is to draw attention on the recent volatility in Indian Rupee, various hedging options and effective hedging strategies.

Negative outlook looms for public-sector banks.

Sluggish market appetite still plagues them.

Fears rise over insufficient market appetite.

What reforms will be implemented?

The Indian mutual fund industry has been going through turmoil in the last few years due to uncertain market conditions and regulatory changes. Many firms, predominantly foreign ones, have exited the industry since 2008.

Rupee completed its biggest weekly gain since October 2009 amidst optimism over increasing dollar supply. The INR closed at Rs. 63.50 against the USD. Equity markets traded with a cautious note ahead of the US Fed meet scheduled on 18th September 2013.

Will use it as loans to SMEs.

Bonanza to be followed by a second tranche in early 2014.