Kotak Mahindra has entered into a pact with Russian investment bank, Renaissance capital, to advise cross-border transactions.Kotak, with a strong financial services platform, said that the tie-up will facilitate the M&A deals between India and Commonwealth of Independent states and

The inflation rose to 4.78 percent for November as compared with 1.34 percent in September 2009. This is primarily due to increase in prices of food commodities.Inflation coupled with strong industrial production indicates RBI's gradual exit from the accommodative policy.However,

State Bank of India, country's largest lender, has asked global consultant McKinsey & Co to examine its HR policies to prevent growing attrition.SBI has almost 2.10 lakh employees on its payrolls. The employees are poorly paid as compared to their

Amidst a slow overall credit offtake, home loan sector has performed well. For most banks the segment has registered a year-on-year growth of 20-25 percent.At a time when the overall loan book of banks is growing at a dismal 9.8

The Centre disclosed that defaults in credit cards increased to Rs. 5,094 crore last fiscal as against Rs. 2,852 crore the previous year.The Finance Minister, Pranab Mukherjee said that the bad debts accounted for 17 percent of the total outstanding

Normal banking operations may hit today as government-owned banks go for a one-day strike today.Around 4,500 employees from 700 bank branches in Saurashtra and Kutch will join the nation wide strike today called by the employee's unions of public sector