With real estate valuations falling and other deals coming unstuck, the current management's improved target faces significant challenges.
A special Central Bureau of Investigation court in Mumbai has convicted four former bank officials in one of the multi-crore securities scam cases and sentenced them to three years imprisonment, 25 years after the scam involving 'Big Bull' Harshad Mehta came to the fore.
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.
A flavour-of-the-season approach does not work in investing, suggests Deepesh Raghaw.
Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.
An NBFC must actively manage its collateral positions, differentiating between encumbered and unencumbered assets, and monitor such assets so that they can be mobilised in a timely manner, central bank says in circular.
The focus shall also be on consolidation of public debt and reducing rollover risk through active switch/buyback operations.
As the 2019 election draws near, investors focus on long-dated options.
The Reserve Bank of India (RBI) raised the minimum capital requirement for so-called shadow banks and tightened rules on deposits and bad loans to avoid any potential risk to the economy from these rapidly growing finance firms by regulating them like traditional banks.
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
In barter, you have the choice of picking up a product that's available with the barter company in exchange for the stuff you want to discard.
In eight cases, the banks would violate the minimum public shareholding norms if their promoter, the Government of India, infused capital as announced.
"Fitch Ratings has placed Punjab National Bank's (PNB) Viability Rating of 'bb' on Rating Watch Negative (RWN), following the large fraud reported by PNB," the US-based agency said in a statement.
This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.
Sahara cousel Kapil Sibal said he was preparing an application.
Though they have more than one legal option to recover dues, till NSEL has funds, little can be done.
Foreign exchange reserves of the oil producers have increased by $1.1 trillion over the past decade.
These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Given the broken balance sheet and the limited fiscal room, the government has to kick off investment: Vikas Khemani & Stephen Gallagher.
Although there are serious risks facing the US economy in the coming year, there is also a good chance that growth will be substantially stronger than it has been since before the recession began.
While RBI is yet to come out with a clear regulatory framework for bitcoins, which have been gaining currency across the world over the past few months, it has issued an advisory cautioning general public against use of bitcoins and other virtual currencies.
The regulator is unhappy with the exchange in the market crash case that occurred in 2012.
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