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The European Securities and Markets Authority (ESMA) has reportedly proposed to the Reserve Bank of India (RBI) to continue their existing Memorandum of Understanding (MoU) on the treatment of clearing houses. This comes amid a standoff between the Indian central bank and European authorities over the latter s requirement of rights of audit and inspection of domestic clearing houses.
German banks should not rest on their recent successes, according to Deutsche Bank CEO Christian Sewing. Germany s and Europe s banks are more profitable today than they have been for many years,.
"The narrative is no longer about why India is interesting. The moot point is how to monetise this interest. We need to convert it. The cycle needs to be shortened between interest and actual investment. Our rating is only at the cusp of investing rate and that does build a little bit of conservatism among investors. I think India s rating should be at least two notches higher, if not more," said Kaushik Shaparia, CEO of Deutsche Bank Group, India.