India

All new banking license applicants must comply with all norms.

Non-performing loans increase, however.

Pledges defense of rupee in a calibrated manner.

Will allow rural customers easy withdrawals.

Will preserve economic stability.

Down almost 5% year-on-year.

Debt market outlook Indian debt market witnessed heightened volatility during the last week due to Central Bank’s measure to curb liquidity in the system by reducing the limit on LAF repo window to Rs 75,000 Cr and simultaneously increasing the cost of borrowing under the marginal standing facility rate by 200 bps to 10.25%.

He was formerly based in Hong Kong.

Reserve Bank of India issues slew of policy directives.

Visa will be its partner.

Boosted by interest and non-interest income.

Will serve in this post until August 26, 2015.

Formerly executive director, Bank of India.

Part of frantic effort to stop rupee’s plunge.

Rating cut to “cautious” from “in-line.”

Banks penalized for breaking anti-money laundering and other regulations.