Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
83% of the CEOS plan to hire more in the new year.
Besides urging the Centre for extension of loan moratorium, the hotel and travel industries have also demanded deferment of GST and advance tax payments and waiver of fees for all forthcoming licences and permits.
Vikram Kothari took a loan of Rs 485 crore from Mumbai-based Union Bank of India and a loan of Rs 352 crore from Kolkata-based Allahabad Bank. A year later, Kothari has reportedly not paid back either the interest or the loan.
'Hacking of an ID or an account will have the same impact on a user in a city and one in a small town.' 'Security is like a railroad, you create it to last for every customer.'
A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
'Unless she joins one of the coalitions, she has a bleak future.' 'The NDA option is suicidal, but INDIA could help her.'
New ministry will bring much-needed transparency in the functioning of the cooperatives, which so far have been riddled with allegations of political interference and mismanagement.
All shares held by SBI in the five associate banks will stand cancelled after merger.
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
During the meeting with Finance Minister Nirmala Sitharaman, it was also suggested that employees' provident fund should increase its exposure in the stock market, which in turn would improve liquidity.
High rates of such schemes deter banks from dropping borrowing rates - and thus lending rates
In the third of a four-part series, Business Standard reporter travels to Nashik to assess how the currency press there is responding to demonetisation.
Nothing has ever been done to make bank officers accountable, except for the rare actions when there is a public controversy, argues Debashis Basu.
Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment.
"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 customer wanting to buy a car would have to wait a long time for delivery.
The State Bank of India SC/ST Employees Welfare Association has sought implementation of reservation while filling up major vacancies in the bank, including the posts of chairman and managing director.
Did you know that the Government of India has granted certain tax exemptions to start-ups for a prescribed period?
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
Around 2,500 engineers and 45,000 cash management employees step up efforts to complete the target of recalibrating 12,500 ATMs every day.
Finance secretary Ajay Bhushan Pandey on Sunday hinted that the government was working on another stimulus package but he refrained from giving a timeframe.
Aviation is a juicy target. It's a 24x7 industry, which cannot afford delays or loss of customer credibility.
In an online chat, Anil Nagar, Director, Bank Power Institute, Delhi addressed questions on how to prepare for the IBPS Bank PO exam.
Debt fund managers think the Reserve Bank governor might at best go for one rate cut in April.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
'Where will industry have funds when they open up?'
Hard and unpopular decisions are needed - not just another round of financial repackaging to sort out the discom mess.
The iconinc Zaveri Bazaar in south Mumbai does business of around Rs 3 trillion a year.
Last minute tips to ace the Common Written Examination for probationary officers for public sector banks.
Metals bucked the trend and shone across the board.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
A glance back at some of the important ups and down Indian Inc faced in 2018.
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
The West Bengal chief minister also accused the PM of 'removing crucial files' related to demonetisation.
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