The new board will have to provide the NCLT a road map for turning around the company by October 31, which, Kotak said, is challenging, given that the company's issues represent a "moving target"
'People, whose sensitive information has been leaked by State agencies or companies having license from UIDAI to access the Aadhaar database, can file suits, collectively or individually.'
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
The artificial intelligence-based system aims to authorise cashless claims within 60-90 seconds and bring the turnaround time for investigations down to a one day, or even a few hours.
A senior executive of NIA confirmed the development and said that the insurance company is assessing damage to the airport's assets
The Indian market regulator had revamped the FPI regulations in 2014 giving custodians the mandate to collect and verify the KYC documentation of offshore investors
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
The rubber and tourism industries in the state, to which the bank has exposure, have been hit.
It has Rs 20,500 crore of standard stressed pool outstanding as of June 2018. Thus, the entire stressed book (net NPAs and standard stressed pool) is nearly two times its net worth.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
The unidentified hackers had executed money transfers on two separate occasions - August 11 and August 13 - which raises the question of why pro-active measures were not taken on the first night itself
With assets depreciating over time, it will lead to large haircuts for lenders and creditors, say experts
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
Experts say that under the liquidation process, financial and operational creditors are less likely to recover the full-value of their dues, while employees may not get their full salaries.
Advait Rao Palepu reports how a recent Supreme Court order will impact motor vehicles insurance policies.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
Insurer has also made fresh investments since December 2015 quarter when RBI told banks to recognise bad loans
This will be the largest claim in the aviation sector for Indian insurers in the last three years
Sebi had given an extension last year for PSUs to meet 25% minimum public shareholding rule
Analysts say strengthening bank's capital will boost earnings, bank needs chief with long stint to run show
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