UBS: The Indian Connection

Froriep Renggli, a Zurich-based law firm, has alleged the active connivance of UBS in routing trades in Reliance Energy and Reliance National Resources through its clients' accounts.

On 28 December 2009, Froriep Renggli, a Zurich-based law firm, acting on behalf of unnamed ‘clients’ who are customers of the Union Bank of Switzerland (UBS) dashed off letters to the Reserve Bank of India...

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  • New Banks: Will RBI Relent?

    The RBI has barely suppressed its dismay over the finance minister’s announcement that the apex bank is considering allotting new banking licences to private-sector players.

    A surprise element in Pranab babu’s popular Budget was the announcement that the Reserve Bank of India (RBI) is considering new banking licences for private-sector players in order to extend the ‘geographic reach’ of...

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  • IRDA vs SEBI

    SEBI has shot off show-cause notices to insurance companies, unmindful of the fact that they report to another regulator

    While itself under a cloud over the ill-planned decision to scrap entry-loads on mutual funds without a proper roadmap for implementation, SEBI is now stirring up the insurance industry over their unit linked insurance plans (ULIPs). ULIPs are, indeed, a controversial...

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