Leaving aside the historical traditions of each princely state bank, and the imminent implementation obstacles, the few advantages of this merger deserve closer scrutiny.
The charge of moral hazard reeks of double standards. However, will India’s fiscal deficit targets allow for such a waiver?
The re-monetisation exercise should be completed in two to three months, RBI deputy governor Viral V. Acharya said on Monday.
Indian shares rose on Monday, with the NSE index moving close to breaching a key psychological level of 9,000, on hopes the ruling BJP would win the ongoing elections in UP.
The security breach happened through a malware in the systems of Hitachi Payments Services, which serves Yes Bank.