ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks.
And will sell its 50 per cent stake to State Bank of India in Russia as part of rationalisation of overseas branch network.
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
'Let me narrate the background as to why Siddaramaiah was taken from my party to the Congress.' 'He belongs to a particular backward community. So by taking Siddaramaiah from my party, it was going to be more advantageous for the Congress.' 'Whatever may be the merits and demerits of the caste equation, it is a consideration for all the parties.' 'The BJP is also playing the caste guard.'
IBoard defends MD on nepotism charges, quashes allegations; it also reviewed its internal processes and exposure to the Videocon group
The opposition would push for the passage of the two bills -- the farmers' freedom from indebtedness bill and the farmers' right to guaranteed remunerative minimum support prices for agriculture commodities bill -- in the Rajya Sabha
The BJP is still short of the halfway mark of 123 in the 245-member House, but can now muster a 'working' majority with help of allies, friendly parties, some Independents and nominated members.
With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order.
The rapprochement could open the door to an anti-saffron alliance for the 2019 general elections, reports Archis Mohan.
BJP strategists know it may not repeat its 2014 performance in its traditionally strong bases in the north and the west. This is where the success in the north east and east is so important.
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
'We will have a big say in Delhi in 2018 or 2019 (whenever the elections are) in the Lok Sabha.'
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.
Rahul Gandhi stressed the importance of an electoral understanding in UP if the BJP is to be defeated in the Lok Sabha polls.
The BJP leadership believes these parties are flexing their muscles in the run-up to the Lok Sabha polls for better seat-sharing deals.
Yechury has dropped enough hints that a fight is in the offing at the Hyderabad conclave in April, where any member may move an amendment to the draft on the party's electoral line. Archis Mohan reports.
Budget forces last minute change in finance minister's plans.
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
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