The Congress' top leadership realises the former cricketer's utility and mass appeal. His oratory skills and ability to whip up mass hysteria in election rallies is acknowledged as an asset
Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?
The duo were reportedly shooting together for film-maker Shashank Khaitan's Dharma Productions film Mr Lele.
'I hope the trend is sustainable and that economic activity accelerates going forward.'
But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.
The government should shun populist measures and take tough decisions to rein in the fiscal deficit, says Yashwant Sinha.
Indian companies will have to repay overseas debt worth $7.5 billion in the June quarter.
Subir Gokarn says credit-deposit growth mismatch for a longer period could put pressure on liquidity.
The chairman of India's largest bank on why he would like to forget the first six months of his stint and the steps he has taken to revitalise the institution.
'The financial sector's performance in the first two quarters was a revelation.' 'It clearly showed the clean-up had been done in the past one-and-a-half years and that capital brought in was significantly stronger.'
'67 per cent of our transactions happen digitally and about 93 per cent of transactions happen outside the branch.' 'Despite that, there is ample scope for promoting banking-related activities in branches.' 'So, for some time, we will have to, probably, live with the same structure.'
'India has demonstrated that if tomorrow, any enemy country that has a lot of satellites threatens it, India can (bring them down).'
We invited readers to share their college recommendations to the Class of 2010 -- the colleges with the best teachers, facilities, study programmes. Here we present the responses we recieved for colleges in Gujarat.
Former India opener Navjot Singh Sidhu walked out of India's 1996 cricket tour of England because he thought his captain, Mohammed Azharuddin, was constantly abusing him, a new book by former Board of Control for Cricket in India secretary Jaywant Lele claims.
SBI says the downgrade will not hurt the bank that much.
Investment banking star and Moelis India Chief Executive Officer Manisha Girotra remembers a colleague who wanted to resign because she needed to attend to her parents' health issues in a different state. Rather than quit a promising career, she was given the flexibility of working from home on Fridays, which was unusual in the pre-pandemic days. This allowed her to take care of her parents' visits to the doctor and other health-related needs without quitting her job. She would be back in the city office on Mondays.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
India skipper Mahendra Singh Dhoni did not have much to say about Sachin Tendulkar's captaincy but said it's good to have a "genius" like him in the side.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
The customs duty should be at a substantially lower rate for all types of imports i.e. consumables, pharmacy items, bio-medical equipments etc since this is the major cost factor of the patient's bill.
Reader Kedar Lele spotted chess champion Viswanathan Anand in Sofia.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
Owing to the risk perception attached with the segment by banks, the residential realty segment has been increasingly relying on non-banking financial companies and housing finance companies to raise debt financing, reports Abhijit Lele.
'The economy is expected to bounce back and things are expected to recover faster than what we previously thought.'
"We are already restructuring viable accounts, which are facing temporary cash flow problems," says S Sridhar, Chairman & MD, Central Bank of India.
'We tightened our risk frameworks once the Covid crisis started.' 'We are slowly lightening this as we see economic activity pick up, salaries getting restored, and people getting back into jobs.'
Corporate lending has not slowed down. There is no slowdown in manufacturing and services, says M D Mallya.
Lenders send 'SOS' to the finance ministry on the tardy decision making and pile-up of cases at the Debt Recovery Tribunals and its appellate forum the Debt Recovery Appellate Tribunal.
Branch networks will give preference to pensioners and labourers for withdrawing money.
'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
'One of the ways to do that is to ensure that NBFCs have got liquidity.' 'If we don't do that, this mood of gloom will continue.' NBFCs need to be provided with liquidity if they have to start lending.
Upset with the removal of Subhash Velingkar as Goa RSS chief, over 300 Sangh workers have annouced that they will quit the organisation and vowed to "defeat" the Bharatiya Janata Party in the assembly polls next year if he is not reinstated.
The cyclonic circulation over southwest bay off south Tamil Nadu persists and now lies between 2.1 and 5.8 km above sea level.
Kolkata tops the list with 617 cancellations, New Delhi stands second with 203, followed by Mumbai at 190.
Only BoB is making noise about customers and customer service
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