September 1 onwards the banking details of Indians with accounts in Switzerland will be available to tax authorities as the automatic exchange of information regime kicks off between the two countries. The move, the Central Board of Direct Taxes said, is a significant step in govt’s fight against black money and era of “Swiss bank […]

For the last six months or so, officials in the department of financial services and the public sector bank brass had been brainstorming to move ahead with the long-pending consolidation plan. But it was not until Friday afternoon that even the bank chiefs were informed about the combinations that had been worked out by the […]