The RBI Governor also reiterated his reservation against repeated loan waivers by various state governments, saying the move distorts credit pricing, thereby also disrupting the credit market.
Thousands of people may have gathered at the Lal Bahadur Shastri Stadium in Hyderabad on Sunday to attend a rally by Gujarat Chief Minister Narendra Modi but it remains to be seen whether the mammoth turnout will actually translate into votes for the Bharatiya Janata Party in Andhra Pradesh.
Days after he resigned as the chief minister of Andhra Pradesh, Kiran Kumar Reddy is all set to announce the formation of his new party at a press conference in Hyderabad on Thursday at 4 pm.
Generally, a district collector declares crops in his area as being affected due to a catastrophe, which automatically triggers favourable treatment of bank loans, under which the affected dud loans are not treated as bad loans, Rajan said.
Unions, which are protesting against FDI in the banking sector, are pressing for various demands.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Experts foresee possible scenarios: A BRS government with less majority, a BRS government with BJP and AIMIM support, or a Congress government.
Soma Ravi, an Indian caregiver in Ramat Gan, recounts the last 4 days in Israel and says the Indian embassy has been in constant touch.
Although the BRS is projecting supreme confidence, who will be able to tap anti-incumbency -- the BJP or Sharmila plus the Congress -- remains to be seen.
DCHL owes the bank about Rs 200 crore (Rs 2 billion).
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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
The boards of three PSU banks - Bank of Baroda, Oriental Bank of Commerce and Andhra Bank met in deference to the Finance Ministry's insistence, but quite unexpectedly they did not roll back the rate hikes announced last week.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity.
Experts attribute the lower target to increased allocation under the credit guarantee scheme for small businesses. Out of the Rs 3.21 trillion worth loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) in the last financial year, Rs 3.12 trillion were disbursed to entrepreneurs, according to official data.
The Enforcement Directorate has alleged that this is a bigger bank scam in volume than that of the Punjab National Bank fraud by fugitive diamantaires Nirav Modi and Mehul Choksi, as it involves fraud to the tune of about Rs 16,000 crore.
Three Maoists were killed in two separate encounters in Khammam district in Andhra Pradesh on Tuesday. The encounters occurred a day after a group of suspected Maoists looted Rs 10 lakh from a bank in the same district. According to the police, two Maoists were killed in an encounter in Polavaram forest area of Khammam on Tuesday.In another incident, a Maoist was killed in an encounter with the police in Nandigamapadu village.
Pawan should draw a cautionary lesson or two from his brother Chiranjeevi who, despite a fan base which was three times bigger, failed to make it in politics on his own, says Vicky Nanjappa
This will pave the way for emergence of 24,000 new panchayat-level leaders in Telangana, he said.
Telangana and Haryana are at the second and third positions. Others in the top ten are Jharkhand (4), Gujarat (5), Chhattisgarh (6), Madhya Pradesh (7), Karnataka (8), Rajasthan (9) and West Bengal (10).
The leaders met Congress president Mallikarjun Kharge, former party chief Rahul Gandhi in the presence of general secretary (organisation) KC Venugopal and Telangana Congress chief A Revanth Reddy.
The amount is almost double the Rs 220 crore (Rs 2.2 billion) that a consortium of Bank of Baroda and Andhra Bank earned for its life insurance tie-up with the UK-based wealth and investment company, Legal & General Group (see table). The entry premium is a result of regulations that require foreign insurers to tie up with Indian partners. SBI will hold 74 per cent in the non-life insurance company and IAG the remaining 26 per cent.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
The financially cautious Kiran Kumar Reddy is not too keen to fund a brand new political party, says Vicky Nanjappa
Sensex eneded 374 points higher on rate cut expectation from the RBI.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
The thumping electoral victory the Congress had dreamt about is now a distant reality, says Vicky Nanjappa
The mishap occurred as large number of people tried to rush into the Puskhar ghat to take a holy dip.
Telecom, steel, and construction stocks witnessed buying
'The others have been looting the people all these years. If you don't do that, you can do a lot for the people,' says Tamil star politician Vijayakanth.
Per capita income in the state has consistently been below the national average for at least 24 years. However, it has narrowed the gap with the all-India level in recent years.
The prospect of an upset worries the ruling Congress in Andhra Pradesh as it faces a threat from a rebel candidate in the biennial election to Rajya Sabha slated for Friday.
Prime Minister Narendra Modi on Tuesday said the Bharatiya Janata Party has decided it would not adopt the path of appeasement and vote bank politics.
The strike by power sector employees has crippled life, badly hitting hospitals and water supply in Andhra Pradesh.
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