India surpasses France to become world’s sixth-largest economy, shows World Bank data

India surpasses France to become world’s sixth-largest economy, shows World Bank data

India has surpassed France to become world’s sixth-largest economy in terms of gross domestic product (GDP), according to figures released by World Bank. India’s GDP reached $2.597 trillion in 2017, while it was at US $2.582 trillion for France, the World Bank said. The United States, China, Japan, Germany and the United Kingdom occupy top […]

ICICI appoints Sandeep Bakhshi as COO as Chanda Kochhar goes on leave

ICICI appoints Sandeep Bakhshi as COO as Chanda Kochhar goes on leave

In a major management reshuffle, the ICICI Bank on Monday announced the appointment of Sandeep Bakhshi as the Wholetime Director and Chief Operating Officer-designate, ICICI Bank. His appointment as COO will be for a period of five years, subject to regulatory approvals. He will take over as the COO on Tuesday or on the date […]

Home loans of up to Rs 35 lakh may cost less in metros

Home loans of up to Rs 35 lakh may cost less in metros

The decision of the Reserve Bank of India (RBI) to hike repo rates by 25 basis points, indicating tightening in the interest rates, could make all loans including home loans costlier, but the revision of housing loan limits for priority sector lending (PSL) from existing Rs 28 lakh to Rs 35 lakh may lead to reduction in the interest […]

Registration norms for insolvency professionals get a makeover

Registration norms for insolvency professionals get a makeover

NEW DELHI, India MARCH 30 The Insolvency and Bankruptcy Board of India (IBBI) has sought to streamline the process and criteria for registration of an insolvency professional (IP), seeking to institutionalise this important pillar of the Insolvency and Bankruptcy Code (IBC). Insolvency resolution professionals determine the life and death of a company in the insolvency […]

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