SBI had a tough journey in the last 40 years.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
The board is likely to take up the matter this month.
Ruling out a cut in lending rates, bankers said the status quo policy stance of the Reserve Bank will be followed by them, at least in the near-term.
The first of a six-part series examines how the leather workers at Dharavi are coping after five weeks of demonetisation.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
'Nobody expected the slowdown to go for these many days. Unfortunately, it is an unbelievably bad slow down.'
In the second of a six-part series, Sanjay Jog of Business Standard walks across the streets of Indore to find out how it has been hit by demonetisation.
In the fourth of a six-part series, Ajay Modi visits Moradabad, to see how the brass city is coping with the after-effects of demonetisation.
The minister also exempted components from taxes to encourage domestic manufacturing of these devices.
There is a need for stimulus, as India is essentially a consumption economy, argues Cargill India chairman Siraj Chaudhry
The specifics will also cover what's fit and proper to be a chest manager; the insurance and re-insurance aspects; and the new capital threshold, which is Rs 100 crore now.
Officials said that taxmen visited seven locations in Bengaluru and three in Hyderabad of those event management companies which were given contracts to give a blockbuster look for the wedding of Bramhani last week.
"These days, the PM is at a different level. He doesn't discuss anything with anybody," said Rahul.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
Attacking the Bharatiya Janata Party and Narendra Modi over election expenditure, Rahul Gandhi on Saturday alleged that corporates were pumping money into the saffron party's campaign and asked it come clean on the source of funds.
In the first of a four-part series, Business Standard takes a look at how a mint in Salboni, West Bengal, is working overtime to print currency notes.
Banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.
Business Standard checks out trade hubs across the country to assess the impact of demonetisation. The first of a six-part series takes a look at Tirupur.
Regulating the internet only as a medium is somewhat similar to regulating electricity only as a driver of the TV industry
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
'The common man in India who doesn't have anything to hide will have to put up with this short period of discomfort.' 'It will not last more than 10 days at the most.'
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
A well-executed film with good performances, Sigaram Thodu is definitely worth watching.
Shah claimed that BJP was sensitive to the problems being faced by people queuing up outside the banks and ATMs but said they must realise that the step had hurt 'those sleeping over hoards of black money three thousand times more than the people on the streets'.
Budget announcements will come right before five states, with population of around 250 million, go to polls.
India Inc is shying away from investing in digital technologies.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
In leading companies in Information Age industries, the word "manager" is taking on a pejorative meaning -- something like "zamindar" -- a man who lived off other people's work and did no work himself, says Ajit Balakrishnan.
Any liquid money that gold replaces for CRR or SLR compliance will allow banks to use this 'extra' cash for lending to borrowers
Six Indian women have made it to Asia's most powerful women list released by Forbes.
The fund industry may have embraced machines and robots, but managing money still needs the human touch
Cap on bank withdrawals to be reviewed after Dec 30, says finance secy.
In the second of a four-part series, Business Standard checks out the currency press in Dewas to find target-based allowances have increased the monthly salary of employees from Rs 10,000 to Rs 30,000, at a time when notes are being printed 24x7.
With a surge in users and transactions in two weeks, payment wallets step up cashbacks to get more users online.
If you use customised cards that suit your lifestyle needs, you could also end up availing of a variety of deals, rewards, and discounts.
Available evidence suggests that we are on the way to a very costly failure of the current demonetisation scheme, says M R Narayana.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Indian govt is trying hard to get global investors to invest in the country.
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