Reports from Ludhiana, Coimbatore, Moradabad, Tirupur, Indore, Surat, Delhi, Mumbai, Kolkata, Chennai and Hyderabad, suggest the impact of demonetisation is worsening.
New regime on loans to one party to kick in by Apr 2019.
Branch networks will give preference to pensioners and labourers for withdrawing money.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
SBI got Rs 1.93 lakh cr in cash deposits from November 10-25.
According to the Reserve Bank of India, the currency in circulation reduced by Rs 360,700 crore to Rs 1,426,900 crore during the week under review.
'We have collected Rs 83,702 crore in deposits in five days.'
Tatas plan to revive, not sell the Port Talbot steel plant. The investment could be as much as $500 million.
HFCs and banks expect a drop in demand for housing loans in the short-term.
As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
Mistry indeed followed standards of corporate governance so that it should not create any controversies at a later date
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Government officials working overtime to dismantle the Tata plant and return land to farmers, says Ishita Ayan Dutt.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
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