This means taxpayers might continue to enjoy exemption on maturity of their investments
In a letter addressed to Gogia's mother, Madhu Kapur, who holds a 12 per cent stake in YES Bank, the private lender said its board of directors, after extensive deliberations, had unanimously agreed not to accept her recommendation to appoint her daughter on the board.
Reserve Bank of India (RBI) Governor D Subbarao, often criticised for being "behind the curve", took market players and his critics by surprise.
The central bank is of the view that rise in external debt a concern but rating outlook revision reassuring.
India's top private banks might soon exit from the gold coin business.
May include 'influencing a company's major policy decisions' in the current meaning.
The sharp fall in rupee since the beginning of May will make things difficult for the central bank which is on the path of easing the monetary policy to revive growth.
The biggest problem is that those with Aadhaar numbers aren't coming forward for seeding these with bank accounts.
Application deadline may be extended but no leeway on priority-sector targets.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
Also discuss a proposal to increase the minimum VAT rate to 6% from 5%; no decision taken yet
RBI Governor D Subbarao says banks' response to RBI's monetary intervention is asymmetric.
Street expects RBI to keep CRR unchanged, opt for open-market operations to ease liquidity
Four days ahead of RBI's monetary policy review, SBI Chairman Pratip Chaudhuri says a cut of one percentage point in CRR will allow the bank to lower lending rates 20 basis points.
The move could streamline capital flows and help finance current account deficit
The government would try to minimise layers in FDI ceilings.
Despite a high current account deficit (CAD) and lower interest rates abroad, the Union government will not go for a sovereign bond issue to get more dollars.
Most major corporate houses, such as the Tata group, Birla group and Reliance Industries, besides non-banking financial companies like L&T Finance, M&M Financial Services and the Shriram group, are said to be interested in setting up new banks.
Could turn out below last year's budget estimate, with some improvement in revenue and spending
The public-sector lenders were yet to get a formal proposal on sale from HSBC.
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