The Reserve Bank of India (RBI), in its Financial Stability Report (FSR), cautioned that stress tests indicate two scheduled commercial banks (SCBs) may have to dip into their capital conservation buffers (CCBs), unless stakeholders infuse capital, under a scenario involving a gradual slowdown in domestic GDP growth and a moderate rise in inflation, with limited policy easing space available to the central bank.
Very sensitive items -- such as apples, which carry political weight and are closely tied to farmer interests in states like Himachal Pradesh and Uttarakhand -- may face restricted concessions.
The Karnataka high court on Monday did not grant interim relief to Nikhil Sosale, head of marketing, Royal Challengers Bengaluru (RCB), who was arrested on June 6 in connection with the fatal stampede near M Chinnaswamy Stadium, and adjourned the matter for hearing on Tuesday.
A formal complaint has been lodged against Royal Challengers Bengaluru's star batter Virat Kohli Cubbon Park Police Station in Bengaluru on Friday by social activist H M Venkatesh.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
The body of the former Karnataka police chief, a 1981 batch IPS officer hailing from Bihar, was found in a pool of blood on the ground floor of his three-storey house in the posh HSR Layout in the city on Sunday.
The CCB scholarship amount ranges between Rs 60,000 to Rs 2,50,000 per annum, depending on the course and its duration.
The Madras high court has come down heavily on the elite Central Crime Branch police, stating that the special department of the state police delayed filing FIRs and accepted bribes from both the accused and the complainant. Dismissing an anticipatory bail petition in an economic offences case on Wednesday, Justice R Regupathi questioned the CCB's inability to quickly file cases against the suspects and conduct an investigation.
He said the investigators are verifying the suspect's identity and are 'getting closer to him.'
Central crime branch (CCB) police personnel from Bengaluru have arrested Hindutva activist Chaitra Kundapura and six others on the charge of cheating a businessman of crores of rupees after promising a BJP ticket for him from Byndoor assembly constituency in Udupi district.
Five people who were radicalised to carry out terror attacks have been arrested by the Central Crime Branch with firearms and ammunition along with 12 mobile phones confiscated from them, Bengaluru Police Commissioner B Dayananda said on Wednesday.
A low intensity bomb blast at a popular eatery in Bengaluru on Friday left 10 people injured, leading the police to invoke the stringent UAPA provisions in the case. Subsequently, the police were looking into all angles related to the incident.
The CCB had raided Ragini Dwivedi's residence early Friday morning after obtaining a search warrant from a court, a police officer said.
Home Minister Araga Jnanendra said on Monday the police have also detained his "accomplices" for questioning.
Innocent people go to watch matches, but the matches would have been decided already
The Central Crime Branch probing the August 11 violence in Bengaluru over an alleged inflammatory social media post, has filed a preliminary chargesheet in a local court, naming former Congress mayor R Sampath Raj as an accused.
Reddy, who appeared at the Central Crime Branch office in Bengaluru on Saturday, was arrested after the questioning ended on Sunday morning
Reddy was arrested following a marathon questioning after he appeared before the CCB, ending his elusive run for three days.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
The capital infusion would help improve the financial health of banks. While some banks would get necessary regulatory capital while others would get it for fueling growth.
The government has proposed "drastic changes" in the rules framed to retune the composition of three committees of the RBI: Board for Financial Supervision, the Board for Payment and Settlement Systems and the Committee of the Central Board.
Three people were killed after police opened fire on the night of August 11 to quell a mob that went on a rampage in a city locality, irked over a social media post allegedly put out by a Congress legislator's relative.
Reddy, a minister during the previous BJP rule, had been arrested by the Central Bureau of Investigation in 2011 over alleged multi-crore illegal mining scam and granted bail three years later.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
These are the highlights of the seventh bi-monthly monetary policy statement for 2019-20 by the RBI amid COVID-19 pandemic:
So far, nine people including Shinde have been arrested.
The Centre's proposal to call for governance reform in the RBI could, however, take a back seat, a source privy to the development said.
BCCI's Anti Corruption Unit (ACU) is waiting for the Karnataka police reports for the further course of action against the accused in the Karnataka Premier League match-fixing scandal.
In the continuing crackdown by the All India Anna Dravida Munnetra Kazhagam government on land grabbing, former Tamil Nadu Minister and senior Dravida Munnetra Kazhagam leader Veerapandi Arumugam and his party MLA J Anbalagan were arrested on Saturday in different cases.
Admissions to the National Institutes of Technology (NITs) and other Institutions for BTech/BArch on the basis of AIEEE 2009 through Central Counselling Board (CCB).
Hegde, who was arrested on Thursday, had allegedly posted that a Jain monk was attacked by a Muslim youth, they said.
'We will infuse the next tranche of recapitalisation by mid-December. Close to Rs 42,000 crore remain to be infused as capital in public sector banks in the current financial year,' a senior finance ministry official said.
Reddy claimed that there was a "political conspiracy" and added that he had faith in the police.
Senior officials of the Industrial and Commercial Bank of China (ICBC) have denied a report that three major Chinese banks would acquire a 17 per cent stake in the Standard Chartered bank, the Chinese media reported.
The Reserve Bank of India (RBI) on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the Covid-19 pandemic.
State-owned BSNL has rationalised the call charges from its public call office booths under which local and intra-circle calls to any network will be Re 1 per minute for a 60-second pulse, while STD calls will be cheaper by 50 paise.
The CCB police, which is investigating charges of spot-fixing in the last two seasons of KPL, has so far arrested eight people, including four cricketers, the owner of the Belagavi Panthers' team and an international bookie.
As of December 2018, a total amount of Rs 51,513 crore has been infused into PSBs.
'Without appropriate supervisory constraints in place, banks are in a position to delay the recognition of losses and engage in ever-greening or zombie lending, which is essentially the rolling over of debts of unviable borrowers that would have otherwise defaulted,' points out RBI Deputy Governor Viral Acharya.
The CSI300 of the leading Shanghai and Shenzhen A-share listings has lost almost 11 per cent this week.
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