FinMin officials say an announcement could be made in the Budget.
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
The ministry seeks to make lending requirements flexible for banks financing key stalled projects.
RBI Governor has been under pressure from Finance Ministry.
The meeting will focus on how to make the crisis an opportunity for India.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
Higher provisioning drags net profit down by 7.8 per cent.
Will demonetisation lead to a rate cut, leading to higher quantum of lending?
The American, who moved from US Navy to the corporate world, is considered best suited for this role because of her understanding of both production and distribution. Arnab Dutta & Viveat Susan Pinto report.
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
SBI's net profit for the quarter rose 30.3% to Rs 2,910 crore ($468.4 million), from Rs 2,234 crore a year earlier on the back of rise in net interest income, fees, and control on employee costs.
The Confederation of Indian Industry will organise a round table on investment.
India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece.
Banks might hold on to lending rates for the time being.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
A two-year extension at the helm of the RBI still looks a real possibility
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
There is a sharp difference between the total remuneration paid at the public sector and private sector entities
Railway Budget has not discriminated against any state.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
'The corporate sector says by 2022 they will create 300 million jobs.' 'In the last 70 years we didn't do it, how will we do it in 5 years?' 'Only agriculture can bail out the economy. Unfortunately, it is not being looked into.'
Vijay Mallya, who faces prosecution in India, is reportedly in London.
Reserve Bank Governor Raghuram Rajan is widely expected to hold the key rates citing high inflation at the fourth bi-monthly monetary policy announcement on Tuesday, even though the pro-growth lobby has been wishing for a rate cut.
We tried our best to recover money from Vijay Mallya: Arundhati Bhattacharya
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
State Bank of India chief Arundhati Bhattacharya, ICICI bank head Chanda Kochhar, Biocon founder Kiran Mazumdar-Shaw and HT Media chair Shobhana Bhartia are among the world's 100 most powerful women.
When it comes to key hands-on management positions, India Inc is still largely run by men.
Jaitley's Budget has the potential to change the face of Modi's Bharat
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
Since January 2015, the central bank has lowered its policy rate.
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
A bigger problem is that there is no clear definition of "call drops".
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
The government's critics say that the Prime Minister failed to rein in vicious and unprecedented personal attacks on the central bank chief by the likes of Rajya Sabha MP Subramanian Swamy.
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