As per the norms, sanction for prosecution has to be decided within four months time of the CBI seeking such a permission.
Banks have issues with their balance sheet profiles, say PSB executives.
Financial services firm AnandRathi analysed the key points of the policy soon after it was announced.
Interest rate and tenure are not the only two factors to consider.
Soon after unveiling of the Reserve Bank's mid-quarter policy review, country's largest lender State Bank of India on Friday said lending and deposit rates will go up in view of the festive season demand.
Analysts expect banks with a strong deposit franchise to benefit from SBI's rate cut as they too are likely to follow the leader.
Ratnagiri Gas & Power Pvt Ltd, in charge of Dabhol assets since 2005, has admitted it is passing through a difficult phase in the absence of gas allocation and low recovery of dues from the Maharashtra State Electricity Distribution Company.
Cases across the country against defaulters who owe over Rs 1 crore each, reveal CIBIL data.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
Analysts attribute the surge to a host of factors, particularly the interest shown by the retail investors in these two market segments.
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap up 0.5% and 0.6%.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
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The global brokerage firm in March had trimmed the growth forecast to 6 per cent and in June again it revised the growth estimate to 5.8 per cent.
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
116 doctors treating COVID patients in Bihar have succumbed to the disease. The family of only one doctor has received compensation.
rediffGURU Ulhas Joshi answers your mutual fund queries.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
21 banks have launched United Payments Interface application.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
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2014 made a lot of promises; can the new year deliver?
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Even under the RTI response, all public sectors banks have washed their hands of any responsibility.
Nifty PSU bank index dropped nearly 2%
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
Financial shares were the top losers.
There were more than three losers against every gainer on BSE
The 2019 list shows a 37 per cent jump in brand value for the Tata group, to $19.55 billion for 2019, the highest in the top 25.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The government has also allowed individuals from the private sector to apply for the post
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The company is pursuing the early scheduling of gas with the Centre to restart generation.
Infosys, Bharti Airtel and ICICI Bank are the only companies who have managed to score 100% on a Composite Disclosure Index
Mundra fills the vacancy created by the retirement of KC Chakrabarty in April, two months before his five-year tenure was come to an end.
Mixed global cues and decline in crude oil prices further dent the sentiments.
'The PSBs ended up recording Rs 7,709 crore losses in the March quarter compared to the Rs 11,688 crore profits of their private peers,' reveals Tamal Bandyopadhyay.
