Mergers to create at most six state banks
The government may delay Rs 14,000 crore (Rs 140 billion) fund infusion in the public sector banks in view of volatile market conditions.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
12 out of 21 public sector banks reported declines in their loan books in the last financial year against seven such banks in 2015-16 and none in 2013-14.
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.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
This was among the few times that TCS had to deploy rapid application development mode, which means changes in the application happen on-the-go.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
Participants are keenly waiting for the January IIP.
Banks are seeking an order that Mallya should appear in person before the court.
Some lenders in talks with LIC for pvt placement
Asian shares ended higher after a string of positive US economic data.
RBI declines to accede to plea, upheld by Padmanabhan panel, for priority sector tag; feels move would dilute claims of those needing it more.
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Bank stocks have underperformed in the second quarter of FY'14 with the BSE Bankex declining 18 per cent compared to fall of 1 per cent in the BSE 30-stock index, Sensex, during this period.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
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.
United Progressive Alliance-led government proposed lenders as insurance brokers; new FM not too keen, say insurers.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
Non-performing assets of banks have been on the rise for past several months due to slowdown in the economy.
In a message to public sector banks (PSBs) that only performers will survive, the government, in an unprecedented move, has decided to allocate capital to only nine PSBs.
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.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
On Tuesday, Finance Minister P Chidambaram had more than adequately made clear that the government would be allocating Rs 14,000 crore through Budget, the Financial Services Secretary said.
Rush to offload bad loans indicates a revival in asset-sale market
Indian banks are the 2nd-fastest-growing ones.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
The decision in this regard, however, is expected to be taken by the new government.
For the first time, PSU banks will have a non-executive chairman, giving operational responsibility to managing director and chief executive officer.
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Prior RBI permission a hurdle, given its views; business interest needs to be clearer.
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
The move also invalidates, albeit temporarily, Mallya's repeated assurances to the court and the public of a revival plan for the carrier.
The fact that Tamil Nadu Chief Minister J Jayalalithaa approved an expenditure of Rs 29 crore for the World Chess Championship between Viswanathan Anand and Norway's Magnus Carlsen to be held here points to the significance the event has for the state government.
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