Buying that dream home in an exotic location abroad just got easier as the Reserve Bank of India (RBI) on Tuesday doubled the annual overseas investment ceiling for individuals to $2,50,000 from $1,25,000 as India’s foreign exchange reserves have scaled […]
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February 15, 2013
Somasroy Chakraborty: India Inc and the Big Bank theories
Global experience in allowing corporate groups to set up banks reveals that stringent regulation is the best defence against malpractice. The Reserve Bank of India (RBI) appeared un-consulted when Pranab Mukherjee, the then finance minister, invited new players to set […]
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