The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
Move comes after the country's monetary authority tightened credit norms
Speed-job dating is becoming popular among job-seekers and employers.
Unit-linked plans or Ulips continue to be expensive compared to other instruments, say certified financial planners.
The film hits theatres tomorrow, July 25.
Letter to corporate affairs ministry cites slowing economy, capital challenges.
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
Company launches claim guarantee scheme for customers.
United Progressive Alliance-led government proposed lenders as insurance brokers; new FM not too keen, say insurers.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
However, the remuneration of Puri and Kochhar are not strictly comparable as the two banks follow different accounting practices.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
Deal with current owner Exide may be signed next week
Act says remuneration to directors and key managerial personnel should involve a balance between fixed and incentive pay.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
To reduce time taken for product approvals, Irda has asked life insurers for a product planner before every financial year.
Hopscotch.in wants to focus on enhancing technology and mobile applications.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
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