India

Aims to prevent a recurrence of money laundering and tax evasion.

Bank of America-Merrill Lynch report says state-run banks to be hardest hit.

International Financial Reporting Standards to be implemented in 2016.

It’s needed to push India’s economic growth to 8%.

Central bank also nixes plan to remove its debt management powers.

Indian and foreign-owned banks won’t be able to meet the new norms.

Five regulating agencies to be merged into a Unified Financial Agency.

Indian banks open 55 branches in tax-friendly states.

This is their first expansion since 2008-09.

Reserve Bank of India to issue a notification for the implementation of Basel III this week.

Reserve Bank of India to continue as banking sector regulator.

Is pushing consolidation of public sector banks to create two megabanks.

Loan default is a universal phenomenon associated with all types of business enterprises. However, loan default in case of banks has special significance because extending of credit is almost the exclusive business of banking institutions.

Survey projects 14% growth in after tax profits for FY 2012-13.

SMBC joins Japan Bank for International Cooperation in backing fund.

With an increasing degree of uncertainty prevailing in the global economy, it becomes imperative that corporates make efficient use of their available cash positions. While the need to be cash rich cannot be under stated, the need to be liquid is the need of the hour. A well-structured Liquidity Management policy can help treasurers achieve the best possible outcome with the available cash resources.