Tag: says

Want efficient banks? Go for more mergers, says RBI research

More consolidation in India’s struggling banking sector will help lenders lower costs and efficiently scale their operations, said researchers at the Reserve Bank of India. Labour cost efficiency, or output per employee, moderated across the sector between 2005-18, according to the recently-published paper. The authors added that state-owned banks fared better than private rivals on this metric

RBI says no to IDBI Bank name change proposal

The Reserve Bank of India (RBI) has turned down IDBINSE -0.58 % Bank’s proposal to change its name following the transfer of controlling 51 per cent stake to insurance behemoth LIC from the government of India. The board of IDBI Bank had last month sought RBI’s approval for change in the name of the lender to either LIC IDBI

My mood dictates my wardrobe, says Shahid Kapoor

Shahid Kapoor claims his mood dictates his fashion choices. Bollywood actor Shahid Kapoor, who is appreciated by his fans for his fashion sense, says his choice of clothing is driven by his mood. Talking about his fashion, Shahid told media, “My mood dictates my wardrobe. I hope I have evolved in my fashion from when

Modern economics needs to be based on Gandhian model of economics, says former vice-chancellor of Gujarat University at SPPU

Revisiting Mahatma Gandhi’s words which say that‘Economics is untrue which ignores or disregards moral values’, Prof Sudarshan Iyengar, former vice-chancellor of Gujarat University asserted that modern economics needs to be based on the Gandhian model of economics. He was speaking at a colloquium programme organised by the Savitribai Phule Pune University on Friday at the

Lloyds’ overdraft fees unacceptable, says MP

Lloyds Banking Group has been criticised for introducing new overdraft charges on Monday ahead of a proposed crackdown later this year. An MP described the fees – which will equate to an annual interest charge of up to 61% – as “unacceptable”. The Financial Conduct Authority wants to scrap overdraft fees and replace them with