That would reverse the growth trend of around 11 per cent per annum, which the industry has logged over the past ten years, making it one of the most adversely-affected sectors of the economy.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans.
The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant. Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India - all except State Bank of India (SBI) and Bank of Baroda - don't even have a chairman. In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at these banks. SBI, which has an executive chairman and four managing directors, was an exception.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
The ruling DMK in Tamil Nadu had begun seeing Governor Ravi's decisions and actions as a part of the state BJP's non-stop criticism of its government and directed from Delhi, a view strengthened by the governor's decision to return the NEET exemption bill, points out N Sathiya Moorthy.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
While Maharashtra Home Minister Anil Deshmukh warned the yoga guru that the state government won't allow the sale of 'spurious' medicines, Rajasthan Health Minister Raghu Sharma also said that the state government will not allow the sale of Patanjali's Ayurvedic formulation.
A paper authored by Rajan said, state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 per cent, creating distance from operations of banks, and improving governance along the way.
'These Harvard University-educated people, with knowledge limited to the small states there, apply it in a huge country like India, which is not practical at all.'
The step has been taken in view of the high density of population in Mumbai where there is more possibility of spread of the disease compared to other districts.
The Tamil Nadu-based Jeevan Nedunchezhiyan, who recently made his Davis Cup debut and is expected to lead India's doubles challenge in coming years, is spending time hitting at private courts and handling the marketing of their family resort in Pondicherry.
Will Ishan Kishan get Rs 15.25 crore for one year, or for three years? Do the players get their IPL payments, whether it is in full or in part, and what is the payment schedule? Harish Kotian/Rediff.com explains all you need to know about IPL player payments.
Board of Control for Cricket in India secretary Anurag Thakur, who is also a Lok Sabha MP, has introduced three private member bills including a significant 'National Sports Ethics Commission' bill which recommends '10 years of jail term' for any sportsperson indulging in match-fixing.
The International Cricket Council has recommended a ban on saliva to minimise the risk of infection and the CAB has gone a step further, banning the use of sweat too, following the advice of its medical committee.
The bank has decided to embark on a 'Technology Transformation agenda' to provide its customers smoother, faster, and better banking experience.
Private labels remain big business for e-commerce marketplaces. They comprise almost 15 per cent of the total business of such firms.
CBI officials booked for graft by the central probe agency were not only receiving regular kickbacks for compromising investigation, but were also acting as conduits to bribe their peers on behalf of companies accused of siphoning off crores of public money from banks, the FIR against them alleges.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Chief Minister Stalin seems to have drawn a line between his personal beliefs and those of others in the family, beginning with wife Durga Stalin, observes N Sathiya Moorthy.
Thackeray said there will be some restrictions in the state after June 30 but more relaxations will be offered gradually.
Our government has failed the country on several counts. All this must change for India to redeem itself in six months, says Naushad Forbes.
The actor's cryptic and tough yoga poses will add some adventure to your boring routine.
Trains were set afire and blocked, and public vehicles attacked as protests over 'Agnipath' swept across several places in Bihar, Uttar Pradesh, Rajasthan, Haryana, Madhya Pradesh, Delhi and Jammu on Thursday amid partisan political voices in favour and against the new recruitment scheme for the defence forces that has set off a firestorm.
External Affairs Minister Jaishankar on Wednesday described the second wave of the Covid-19 pandemic as an "all consuming" challenge posed by a virulent strain of coronavirus and welcomed the enormous goodwill from countries around the world as a sense of solidarity in diplomacy.
Undergraduate courses indicatively cost S$23,000 to S$38,000, while postgraduate courses approximately cost S$15,000 to S$40,000.
'By the time actual action began, it was already too late.' 'The virus was raging.'
India doesn't have a data protection law or a dedicated law on cybersecurity. Also, there is no specialised law on privacy. Experts say this complicates the scenario for businesses as they continue to be liable for breach in client data even when employees work out of the home.
Senior Congress leader and Leader of Opposition in Rajya Sabha Ghulam Nabi Azad made this assertion outside Parliament while speaking to reporters and said the revocation of suspension of the Opposition Rajya Sabha MPs was not a demand, but a 'request'.
'Today with Taliban at our doorsteps literally, we can't even put up our national flag. Only Allah knows, what will happen to Afghanistan now'
Asked about the report, MEA spokesperson Anurag Srivastava said, "The political judgements of Freedom House are as inaccurate and distorted as their maps."
Having a good sex life is not difficult. One needs to ensure to get the basics right - eat, sleep, exercise and communication.
Some other tax authorities are looking at the allegations.
Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards
During the interview with the CBS, Fauci said it does not make sense to him why Trump "equates wearing a mask with weakness." Masks, Fauci maintained, "really do work."
Beauty, Nykaa's founder Falguni Nayar realised, is a very long-tailed business and with e-commerce picking up in India, it seemed like a good idea to venture into.
Indian men believe that touching your partner's private parts means that you have had sex.
The order comes a day after Trump accused Twitter of election interference, after it added fact-check links to two of his tweets.
An important focus of the dry run will be on management of any possible adverse events following immunisation.
The Centre has asked states and union territories witnessing surge in new COVID-19 cases and high active caseload to continue with the strategy of 'test, track and treat' that had yielded rich dividends at the height of the pandemic and accelerate vaccination for priority population groups in districts reporting higher infections on mission mode.
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