'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
For a petrol car with a Rs 500,000-600,000 price tag, an EV variant would not cost less than Rs 12 lakh, making it virtually unaffordable.
It is up to the bank management to decide which application gets to interact with the CBS
Vikram Kothari, managing director of Rotomac Pens, is now fighting a battle that might be difficult to win.
The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
Experts said the new framework has ensured that the focus has moved to creditor protection from debtor protection.
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
Ride-hailing firms claim penetration is still low and there is a huge upside to grow the market and make owning a car pass.
They can carry huge amounts of data, have a lot of bandwidth, but operate at short ranges, between 200 metres and 2-3 km reports Surajeet Das Gupta
Its plans, to cut tariffs by 40% or offer more data, comes bundled with 1 GB high speed data for 28 days with unlimited voice thrown in.
The recognition that content - video in particular - will be the next big thing in the telecom wars requires no rocket science.
In 2017 only the Jeju-Seoul Gimpo route (with over 64,991 flights) and Melbourne-Sydney (54,519 departures and arrivals) were busier than Mumbai-Delhi.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
Growth impulses, while improving, remain fragile, and a rate hike will be disruptive to interest costs.
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