Issue Highlights

Editors Blog

It may virtually be a sophisticated hawala transaction. But bitcoins are in the news mainly on account of the Cypriot crisis, which helped this open source P2P digital currency to cross the $1 billion mark in value. Its exchange value has become so volatile that in a matter of minutes on 8 April it touched $190 but tanked to $170. But there is no disputing the fact that the system is becoming all pervading with specific amount of bitcoins entering the system every week. So what is bitcoin? There is the official website, bitcoin.org, which describes it as ‘a digital currency, a protocol, and a software that enables instant peer to peer transactions, worldwide payments, low or zero processing fees and much more!’

[continue reading...]

Industry Happenings

Former CMD of Indian Bank convicted
A CBI court in Chenna has convicted M Gopalakrishnan, former CMD of Indian Bank, and two others in an 18-year-old cheating case which caused Rs 3 crore 'wrongful loss' to the bank. The

ING plans to exit ING Vysya Bank
ING, the Dutch financial conglomerate, is said to be mulling exiting its Indian banking joint venture ING Vysya Bank. The group holds 43% stake in the bank. Several Indian banks and

Indian Bank interested in insurance unit

4 coop banks opt for IBM server solution

Nachiket Mor on RBI board
The central government has nominated Dr Nachiket Mor as a member of the Local Board, Eastern Area of Reserve Bank of India, for a period of four years with effect from 16 May 2013. The government has also nominated Dr Mor to be a director of the central board of RBI

5 more years for top ICICI officers

DBS Bank is top brand in Singapore

Federal Bank, TCS in tie-up

StanChart to buy Morgan Stanley unit

BNP Paribas sells stake in real estate unit

PRNewswire

Issue Highlights

Editors Blog

Industry Happenings