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RBI initiates inspection of Syndicate Bank

Last Updated: Tuesday, August 05, 2014, 13:48

Admitting that there are governance issues in the public sector banks, RBI Governor Raghuram Rajan underlined the need for improving transparency in sanction of loans.

German auto firm Daimler confirms China investigation

Last Updated: Tuesday, August 05, 2014, 13:02

The Mercedes-Benz office, in a western suburb of Shanghai, includes a dealership with a showroom and a service centre.