An inquiry commission held Dayanand Narvekar guilty of being involved in printing, distribution and selling of fake tickets for the April 6, 2001, India-Australia match.
During the fourth quarter (January-March), banks step up the activity to meet annual targets. This leads to a race to raise funds from markets often by jacking up deposit rates. This time around, the market has not seen such trend yet.
'If government thinks that they can reduce the shortage of surgeons available in rural areas by promoting mixopathy, then the consequences will be disastrous.'
The report, prepared in just three days after Kale and the selectors deposed before him on November 29, will now be referred to the BCCI's Disciplinary Committee.
Such cold-shoulder by banks also indicates a credit freeze that is hard to overcome, unless the government comes out with credit guarantee schemes for loans given by banks. Since that is not happening, and there is no indication of that too, banks are not willing to listen to RBI prodding.
From auto, refrigerator, and mobile handset makers to real estate firms, companies are tying up with banks to dole out attractive finance schemes and discounts to make buying more affordable.
Lenders say settlements will cross over 100 accounts in the March quarter.
In the aftermath of the Karvy incident, lending against third-party collateral facility raises questions over regulations concerning banks and brokers which are at loggerheads. While Sebi and NSDL have ordered the transfer of securities, which were kept as collateral, lenders followed the old business model of sanctioning loan against shares and allegedly overlooked certain parameters. Legal experts feel that this could lead to a collapse of the loan-against-shares market as it raises questions over the sanctity of the pledged securities.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
Governments that did not respect the central bank's independence would sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined the regulatory institution, Deputy Governor Viral Acharya warned.
'The effect will be seen two-three quarters down the line.'
Former India skipper Dilip Vengsarkar made a startling revelation, on Monday, about underworld don Dawood Ibrahim entering the Indian team's dressing room and offering the players cars if they beat Pakistan in the final of the Sharjah tournament in 1986.
'The strange thing is that they (Sri Lanka) did not face any problem till the lunch time of the second day. But as soon as they were handed masks following lunch, the 6 to 7 players were seen wearing masks on the field. And the two fast bowlers who were already facing problems were handed bowling'
RBI says haste in easing norms for banks harmful to economy.
Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.
Once ISRO masters the technology to send humans into space, the next step will be experimenting with technologies allowing humans to live in space.
'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'
Demonetisation impact: Money lenders make a comeback.
Banks have reported that banknotes worth Rs 592,613 crore have been issued to the public.
'The rate cut will reduce the stress on customers and help the bank reduce its provisioning bill.'
National Disaster Response Force divers recovered the bodies of Pranav Lele (29), Sahil Quereshi (28) and Shrutika Chandwani (27).
The problem for the NBFC sector is the funding inertia by banks and not lack of funds.
The Hague Code of Conduct against Ballistic Missile Proliferation is a toothless mechanism, but it may well end up serving India's interests, says Ajay Lele.
Even as a large number of RSS workers and supporters, including some office bearers, have pledged support to Velingkar, who was removed as the state chief recently, a sizable number of swayamsevaks are averse to part ways with the Sangh.
'His (Das) approach to work seems that of working as a team with ease in communication.'
A look at the top tweets from your favourite Bollywood celebrities.
Signs of financial stress were visible when the airline reported a loss of Rs 10.40 billion.
The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
'We have collected Rs 83,702 crore in deposits in five days.'
The mergers will not involve any cash but only share swaps
The success of the PSLV-C34 mission is a result of ISRO's professionalism and the hard work put in by their scientists over the last many decades., says Ajay Lele.
Bright yellow and cat-like, with a green leaf-haired brother, the mascots for the 2016 Olympics and Paralympics in Rio de Janeiro were launched by organisers late on Sunday.
The loss of income has severely dented the loan repayment ability of small borrowers
He was reacting to the statements of senior local RSS leaders Ratnakar Lele, Datta Bhikaji Naik and others who called his decision to form a 'Goa Prant' of RSS, separate from the Konkan Prant, as 'unfortunate'.
Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
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