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MUMBAI: ICICI Bank has rolled back its rule requiring new savings accounts opened after Aug 1 to maintain a monthly average balance (MAB) of Rs 50,000 and has revised the threshold to Rs 15,000. The move follows a social media backlash against the higher balance requirement, which was criticised for making banking exclusive.The bank said it has revised its schedule of charges and MAB requirements following customer feedback. The changes do not apply to salary accounts, senior citizens above 60 y ...Read More >

MUMBAI -- Gaurav Gupta returned to the spotlight in India, staging his biggest runway show to date last weekend. The designer, who has become a red-carpet favorite from the Met Gala to the Oscars, unveiled his first Indian bridal couture collection with all the grandeur of an Indian wedding. With the country's $130 billion wedding industry heading into what is projected to be its biggest season yet, the show marked a strategic move for a label that has built a global reputation for avant-garde ...Read More >
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