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Banks won't forget him too soon

Edit The Times of India 19 Jun 2016

A few years down the line several of the current bank chiefs would probably remember Raghuram Rajan for one thing - eating into their annual bonuses. ICICI Bank has already announced that its top management won't receive performance bonus for 201516. PSU bank chiefs too are expected to miss the annual pay-out as soaring bad debts have hit the financial performance of lenders ... But the hit is not just for banks, it also impacts India Inc....

Bundelkhand's Roti Bank now feeds twice a day

Edit The Times of India 19 Jun 2016

Within a year of its inception, Mahoba's Roti Bank has grown ... A humble beginning by group of 40 youths and five elders in April 2015 under the aegis of Bundeli Samaj, roti bank has turned into a model for many do-gooders across India ... The ones in Aurangabad, Indore, Bhopal, Lucknow, Hardoi, and Rohini area of New Delhi are already doing well," said Tara Patkar, activist whose the brain behind the Roti Bank....

Surgeon leaves theatre before 'deep surgery'

Edit The Times of India 19 Jun 2016

First, the creation of a monetary policy framework recommended by deputy governor Urjit Patel's panel, and second, the cleansing of the bank balance sheets of bad loans which Rajan described as `deep surgery' ... "The continuing issues would be financial inclusion, achieving the last-mile in banking, setting up of the payments banks, the Unified Payments Interface, the receivables exchange and the Bharat Bill Payment system," he said....

Raghuram Rajan's critics happy he's calling time at RBI

Edit The Times of India 19 Jun 2016

A large section of the market is happy that Raghuram Rajan is leaving RBI in September and they are hoping that someone who's more pragmatic and understands the complex structure of the Indian banking and the economy would step into his shoes ... Since he took over as the RBI governor in September 2013, in three years he has come out with as many different policies to tackle the bad loan menace in the banking system....

Brexit vote has markets, central banks on alert

Edit Arabnews 19 Jun 2016

The shaky world economy faces a potentially severe test in the coming week, when Britain could turn its back on the European Union, which would shock financial markets and put pressure on already stretched central banks to prevent a new slump ... With opinion polls showing support for “Leave” in the lead and investors already in a highly defensive mood, the world’s most powerful central banks are nervously awaiting the outcome....

China's debt 'sugar high' could lead to a crash

Edit Business Insider 19 Jun 2016

Chinese banks, closely linked to the government, could lead to a seismic default and require an intervention ... On April 21, Bank of America Merrill Lynch investment strategists David Cul, Tracy Tian and Katherine Tal noted the significant problem state-owned enterprise (SOE) investment bonds could pose to the economy, potentially creating "instability" if the implicit government promise to back the bonds is not kept....

Dubai group pays $2.4bn for control of Kuwait's Americana

Edit Arabnews 19 Jun 2016

Attached Files. . ID. . 1466274824336176400. Publication Date. . Saturday, June 18, 2016. DUBAI ... To help finance its initial deal, Adeptio aimed to secure a $1.5 billion bridge loan from a group of banks including Standard Chartered, Credit Suisse, Emirates NBD and First Gulf Bank. Sources familiar with the agreement said the same banks would be involved in financing any new deal. Main category. ... ....

Rajan years and legacy

Edit The Telegraph India 19 Jun 2016

When Raghuram Rajan had taken over as the 23rd governor of the Reserve Bank of India (RBI) he had famously said that he was not at the central bank to win votes or Facebook likes. But as his eventful tenure draws to a close - during which he has prescribed many bitter pills to restore the health of the financial system - he has ended up with a deluge of "likes" ... ....

India central bank chief to step down in September

Edit Arabnews 19 Jun 2016

Author. . AGENCE FRANCE PRESSE. Sun, 2016-06-19. ID. . 1466278116436710500. MUMBAI. The popular governor of the Reserve Bank of India, Raghuram Rajan, will step down when his term ends in September to return to academia, he wrote in a letter to colleagues published on the central bank’s website Saturday ... Main category. . Economy ... ....

Arianespace Flight VA230: 72nd successful Ariane 5 launch in a row, and a record-setting payload for Ariane 5 ECA (Arianespace SA)

Edit Public Technologies 19 Jun 2016

EchoStar XVIII for the operator DISH Network L.L.C and BRIsat for the Indonesian bank PT. Bank Rakyat Indonesia (Persero) Tbk ... Bank Rakyat Indonesia to offer its customers fast, simple and secure access to banking services, as well as providing a complete and innovative range of business solutions ... Bank Rakyat Indonesia (Persero) Tbk. (BRI) is the largest state-owned bank in Indonesia ... Bank Rakyat Indonesia (Persero) Tbk....

Two dozen dead cats found crammed into cages in an Oklahoma City field

Edit The Examiner 19 Jun 2016

It's believed the cats were in the field about a week ... Julie Bank, spokesperson for Oklahoma City Animal Welfare Division stated ... Police received the first call from railroad workers near SW Macarthur and newcastle ... Banks says they're working on whether the cats were alive when left in the scorching heat. Banks is concerned the person who did this to two dozen helpless cats could escalate and harm a person ... ....

QNB completes acquisition of 99.81% stake in Turkish bank

Edit Arabnews 19 Jun 2016

With the addition of Turkey as a new market and one of the leading Turkish banks to its network, QNB Group further extends its international presence and will be able to increasingly benefit from the rapid development of trade and the strengthening of economic ties between Turkey and the Middle East in general and between Qatar and Turkey in particular....

With Rajan Undone by Indian Politics, Pressure Rises on Modi

Edit Bloomberg 19 Jun 2016

Raghuram Rajan will exit India’s central bank after unnerving political leaders with calls for free speech and religious expression ... The man who captured international attention with a prescient 2005 speech warning about a buildup of global financial risks on Saturday declared he’ll leave the Reserve Bank of India at the end of his term in September....

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