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700-km Brazil 'megaflash' sets lightning record: UN

A single lightning flash stretched more than 700 kilometres across Brazil last year -- equivalent to the distance between Boston and Washington DC -- has created a new world record for the longest......

Organisers reveal: What to expect from 'Howdy Modi'

The mega 'Howdy Modi!' diaspora event in Houston on Sunday to greet Prime Minister Narendra Modi and President Donald Trump would provide the world a glimpse of the contributions of......

Govt mulls easing NPA norms

Move to increase 90-day window to 120 days to give more time to borrowers to service loans. Illustration: Dominic Xavier/Rediff.com The Centre is in talks with the Reserve Bank of India (RBI) and......

PSBs may find it hard to raise money on asset quality, governance concerns

While the banks have cleaned up books and the space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue.......

A 94-year old bank is part of history now; Lakshmi Vilas Bank becomes DBS India

Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old......

How RBI plans to make home loans more attractive

In order to promote the housing sector, Reserve Bank of India on Friday decided to rationalise risk weightage on housing loans, making the product attractive for both borrowers and lenders. With......

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass? T E......

Swiss Open: Sindhu, Saina may face off in semis; all eyes on Chirag-Satwik

IMAGE: PV Sindhu will look to go the distance again as she opens her campaign against Turkey's Neslihan Yigit. Photograph: Atsushi Tomura/Getty Images Reigning world champion P V Sindhu will......

How Manasi Joshi turns negatives into positives

'I never imagined that a doll would be made on me. It feels great to be recognised by Barbie,' says the World Para-badminton champion who was also honoured by Time magazine. IMAGE: Manasi Joshi......

Nations League: Spain held; France down Portugal

IMAGE: Spain's Gerard Moreno celebrates on scoring the equaliser against Switzerland at St. Jakob-Park, Basel, Switzerland, on Saturday. Photograph: Arnd Wiegmann/Reuters Spain captain Sergio......

PIX: Fati is Spain's youngest ever goalscorer; Germany still winless

IMAGE: 17-year-old Ansu Fati scored in the 33rd minute became the youngest ever goalscorer for Spain in the UEFA Nations League group match against Ukraine, in Madrid, on Sunday. Photograph:......

Europa League PICS: Sevilla, Shaktar enter semis

Sevilla in semis as Wolves miss penalty IMAGE: Sevilla's Lucas Ocampos celebrates scoring against Wolverhampton Wanderers at MSV-Arena, Duisburg, Germany. Photograph: Friedemann......

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Sindhu, Saina may face off in semis; all eyes on Chirag-Satwik

IMAGE: PV Sindhu will look to go the distance again as she opens her campaign against Turkey's Neslihan Yigit.�Photograph: Atsushi Tomura/Getty... ...

http://www.rediff.com/sports/report/swiss-open-sindhu-saina-may-face-off-in-semis/20210301.htm

RBI extends deadline for meeting last tranche of capital conservation buffer by 6 months

The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred. As... ...

https://economictimes.indiatimes.com/news/economy/policy/rbi-extends-deadline-for-meeting-last-tranche-of-capital-conservation-buffer-by-6-months/articleshow/80703463.cms

Canara Bank raises Rs 120 cr by issuing Basel III compliant bonds

The bank has issued and allotted Basel III compliant additional tier I bonds amounting to Rs 120 crore, Canara Bank said in a regulatory filing.... ...

https://economictimes.indiatimes.com/markets/bonds/canara-bank-raises-rs-120-cr-by-issuing-basel-iii-compliant-bonds/articleshow/80652637.cms

Bank of India raises Rs 750 cr by issuing bonds

"Bank of India has raised Rs 750 crore via Basel III compliant additional tier 1 (AT-1) bonds on January 27, 2021 on private placement basis," the... ...

https://economictimes.indiatimes.com/markets/bonds/bank-of-india-raises-rs-750-cr-by-issuing-bonds/articleshow/80483643.cms

Startups Seek Cuts In GST Rates, Suspension Of Basel Norms

Due to the impact of COVID-19, the micro, small, and medium enterprises (MSMEs) and the startup industries have witnessed dwindling investments,... ...

https://www.ndtv.com/business/budget-2021-startups-seek-cuts-in-gst-rates-suspension-of-basel-norms-2358386

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