Given that it is only a temporary breather for PSBs, the government now needs to look at the harder options.
Kaushik Basu, whose stint at the World Bank ends on July 31, was being looked at as a serious contender, the sources said
The central bank gave 11 entities licences to start payments banks.
SBI asked RBI to allow lenders sell loans below the base rates.
'RBI is taking all steps to complete the process expeditiously so as to release firm figures at an early date.'
From Aurangzeb to Sangh Parivar, the year 2016 offers plenty of hope in historical and modern literature.
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Foreign investment cap in insurance sector raised to 49 per cent.
Presenting this year's most stylish looks ever.
'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'
'So you have a middle class, and an elite that have seceded into outer space and they look down and say, "What's our bauxite doing in their mountains?" and "What's our water doing in their rivers?" There's a sense of entitlement there.' Arundhati Roy captures minds with her thoughts on capitalism, Indian politics, war, and more in New York.
Purists may balk at this level of public discourse, but no one can deny its ability to marshal opinion.
Employee integration and branch rationalisation are major challenges.
'Consolidation was part of the Indradhanush package.'
Olympic medallists P V Sindhu and Saina Nehwal made a resounding start to their women's singles campaign but it was Sameer Verma who hogged the limelight with a stunning straight-game win over Korean Son Wan Ho in men's event in the opening round of the India Super Series in New Delhi on Wednesday.
SBI raised Rs 8,032 crore (Rs 80.32 billion selling 5.13 crore shares through a QIP in January.
With the 50 bps rate cut now more banks are expected to reduce their base rate.
Star shuttler and Olympic bronze medallist Saina Nehwal of India will begin the hunt for her first title of the season and also eye a return to the top-5 when the China Open Super Series Premier starts with the qualifiers in Shanghai from Tuesday.
Abhishek has been posting fond memories and interesting anecdotes on Instagram, recapping his #RoadTo20.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
Umar claimed that he was being labelled a terrorist because of Islam, which, he said, he did not practise.
SBI Chairperson Arundhati Bhattacharya said any rate cut by the bank would depend on a lot many factors.
Rising shuttlers PV Sindhu and K Srikanth lead the way for Awadhe Warriors as they crushed Krrish Delhi Smashers 4-1 in the inaugural Indian Badminton League (IBL) in Pune.
'I assume Ramachandra Guha's neglect of this aspect of Gandhi grows out of the belief that Gandhi's life had no central text,' says Rudrangshu Mukherjee, professor of history, Ashoka University.
Rashtriya Swayamsevak Sangh mouthpiece 'Organiser' has justified the action taken against a Dalit students body by IIT, Madras, and claimed educational campuses are "afflicted with red ideology."
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
SBI has been reeling under a mountain of bad loans for the past few years as the key sectors in the economy are faltering.
The NITI Aayog may want us to believe this is one of the easiest payment systems in the world, but Tinesh Bhasin decodes the many unanswered queries and concerns involving the United Payments Interface.
Despite Indian economy recovering, there is very little room for loan growth, say bankers.
Hungarian author Laszlo Krasznahorkai won the prize worth worth 60,000 (Rs 59 lakh).
RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
The development of the coal mine located at Queensland in Australia and required infrastructure including railways would cost $7.6 billion.
Lenders fret over stubbornly weak credit growth and still high funding costs.
India Inc has pitched for rate cut to boost economic activities.
Most say a rate cut could come in RBI's June policy.
The Reserve Bank is unlikely to lower the interest rates.
The gross non-performing assets of public sector banks rose to 6.03% at the end of June.
'The CAA should be kept in abeyance, without making it a prestige issue.'
'Laying down a clear policy on the future of illegal migrants will dispel anxieties and help in implementing the CAA, NPR and also the NCR,' suggests former Union home secretary Dr Madhav Godbole.
Another 24 filmmakers including Kundan Shah of "Jaane Bhi Do Yaaro" fame and Saeed Mirza and writer Arundhati Roy today returned their National Awards over "growing intolerance", voicing fears that the country's robust democracy might be "coming apart" in the current atmosphere.
