rediffGURU Sunil Lala answers your MF-related queries.
External Affairs Minister S Jaishankar said on Friday that India and China are going through a 'particularly bad patch' in their ties because Beijing has taken a set of actions in violation of agreements for which it still doesn't have a 'credible explanation' and it is for the Chinese leadership to answer where they want to take the bilateral relationship.
'Nobody is speaking up for Muslims today.' 'Secular parties too have calmed down because they feel this will hurt the Hindu vote (bank).' 'In this scenario, where does a Muslim go?'
Sukanya Verma lists everything you can watch.
Rajan was speaking at a news conference.
On a sequential basis, banks have had to set aside a substantial amount for bad loans, up 30 per cent from Rs 3,459 crore in the June quarter to Rs 4,508 crore.
RBI had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
This time Modi has no emotive message to take to the stump. Muscular nationalism doesn't work against the backdrop of China's successive inroads into Indian territory. Rising prices is a sore point that cuts across class and caste barriers; unprecedented levels of unemployment has the youth in a ferment. This has reduced the BJP campaign to a laundry list of recycled grievances and thinly veiled communal appeals, neither of which are working as well as they have in the past, argues Prem Panicker.
It's a historical tie, we will benefit from India team's visit: Pakistan tennis fraternity
The Budget, to be presented on February 1, is likely to be less worried about fiscal deficit and will be focused more on nursing the fragile growth, according to a Wall Street brokerage report. Bank of America Securities India expects the budget to peg "fiscal deficit at a high 5 per cent of GDP for FY22 and 7.2 per cent for FY21, as it is likely to step up capex, recap public sector banks, push asset sales to break government monopolies, offer sops for real estate, tax cuts for lower income groups and creation of a bad bank". Its house economists expect these spends to be funded by debt and partly by imposing a cess on high income groups and also by some non-fiscal measures like tapping the central bank's revaluation reserves and bank recapitalisation and infra bonds.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Lack of decisiveness and courage to deal with PSBs may turn out be the biggest impediment to the Modi government's economic initiatives, says Debashis Basu.
Total income rose to Rs 20,163.25 crore during the quarter as compared to Rs 16,832.22 crore in the same period a year ago.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
The rains could lead to a rise in the water levels of the Yamuna, which has been flowing above the danger mark of 205.33 metres for days now.
Kapoor and his associate entities owned 10.6 per cent in the bank at the end of June 2019.
The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.
'Nobody expected the slowdown to go for these many days. Unfortunately, it is an unbelievably bad slow down.'
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
A bad Cibil credit score can limit your borrowing options; however there are few other options which you can explore for credit.
As per the RBI directions to PMC Bank, withdrawals have been capped at Rs 1,000 per account and the bank is not allowed to make any fresh loans.
An improvement in political relations, anchored in a restoration of peace and tranquillity at the border, could open up opportunities for expanded economic and commercial relations between them, suggests former foreign secretary Ambassador Shyam Saran.
Pai said he was also against 'naming and shaming' willful defaulters of bank loans.
Non-performing loans in the Chinese banking system stood at RMB 1.27 trillion at the end of 2015.
Being careless with money is often associated with bad financial habits. If you are not aware of what these bad habits are, here is a list that could well serve as a caution.
If the entire amount of Rs 24,000 crore is raised, then it would be the biggest fundraising exercise by any Indian company ever.
While 'staycation' means a holiday spent at home due to straitened financial circumstances, 'brickor mortis' is a period of difficult times in the housing industry, and 'bad bank' refers to a state-owned financial institution created to alleviate a financial crisis. As well as the economic downturn, the trend in social networking has also been recognised.
Banks to get more aggressive and act like PE investors
An elated Aam Aadmi Party after winning the Municipal Corporation of Delhi polls on Thursday vowed to improve civic amenities in the national capital while the Bharatiya Janata Party thanked voters for "recognising" its work as it took solace in securing over a hundred seats despite exit poll predicting its rout.
SBI has announced an investment of Rs 7,250 crore in Yes Bank through the acquisition of 725 crore shares at Rs 10 each.
DHFL has been generating funds through various means and has exited from its subsidiary units to tide over the current financial crunch.
About 1 million bank officers are expected to participate in the strike on May 30 and May 31
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