The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
High rates of such schemes deter banks from dropping borrowing rates - and thus lending rates
The scandal stemming from longtime USA Gymnastics doctor Larry Nassar's sexual abuse of young female athletes could take a financial toll on the sports federation for years, sponsorship executives said.
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
The winter session of Parliament will commence on November 26.
Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents.
'It is in electronics that the gap between where we are and where we need to be is most obvious and most persistent.' 'It is not only a national security issue, but also a commercial issue,' argues Rajeev Srinivasan.
Since January 2015, the central bank has lowered its policy rate.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
The External Affairs Ministry on Thursday discarded the article titled 'India's embarrassing North Korean connection' by Nilanjana Bhowmick in Al Jazeera, a Doha-based broadcaster, saying the insinuation regarding New Delhi's assistance to North Korea in United Nations proscribed activities is 'baseless and without any merit.'
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
A Bank Investment Company to act as a holding company for state-owned banks would go a long way in minimising government interference and improving governance.
He also underlined that activism has to be blended with restraint and there cannot be a compromise with other aspects of the basic structure in the name of judicial independence.
In a bid to boost the dormant primary market, regulator Sebi said it is ready to review the mandatory grading of initial public offers.
With the arrest of the film censor board's CEO on charges of demanding bribes to clear films, the regulatory role of the panel is in focus once again
The new Insolvency and Bankruptcy Code has serious drawbacks, finds out Somasekhar Sundaresan.
Hundreds others were wounded many of whom received bullet and pellet injuries and are undergoing treatment in various hospitals.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
I-T department raises tax demand on them for unpaid tax deducted at source
'Before Shastri's induction, things were sketchy and it was not known who was responsible for taking cricketing decisions around the team. The selectors chose a squad of players, the captain ran the show on the field and the coaches helped draft plans, or sort of tried to. There needed to be one man who could coordinate all elements around the squad -- someone who had the backing of the Board, the respect of the players and that of the support staff.'
'Even though an India-China military conflict scenario seems unlikely, its possibility gets enhanced if our capabilities are seen to be inadequate by the adversary,' warns Vice Admiral Premvir Das (retd).
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
The country would see more economic progress if the private sector was left to run business without government interference, Infosys founder N R Narayana Murthy has said at the Jaipur Literature Festival.
Prime Minister Narendra Modi convened a high-level meeting at his residence on Tuesday morning to review the situation in Jammu and Kashmir.
Finance firms in these SEZs likely to get tax breaks.
The issue is likely to be discussed on Thursday at a meeting of Sebi's board, which would also be apprised of the impact of the Finance Ministry's decision for not agreeing to such a proposal from the capital markets regulator, sources said.
That's all it takes to protect an institution -- just one person with no past and no greed for the future, says Shekhar Gupta.
Sahara relied on a letter from bank saying the funds were there.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
With mobile data getting cheaper, insurers are introducing technologies that eases buying and lodging claims.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
Infosys has been in the eye of the storm on alleged violation of H-1B and business visa norms on several occasions in the US
No longer an in-house task; hiring legal eagles is now becoming norm for M&As, fundraising
It's been 15 straight days that opposition parties have created a ruckus, forcing adjournment of proceedings.
Shutters of at least 22 reservoirs in the state have been opened to drain out excess water.
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