The Reserve Bank had submitted a list of 150 top loan defaulters who owe banks more than Rs 500 crore in a sealed cover to the Supreme Court.
Terming the situation in violence-hit districts of Assam as 'deplorable', West Bengal Chief Minister Mamata Banerjee on Thursday said the state will provide shelter to refugees fleeing trouble-torn areas.
The push for Citi to enlist external help, is led by the Federal Deposit Insurance Corporation and backed by other regulators, underlines authorities' desire to keep Citi's upper echelons on a tight leash after rescuing bank with $45 billion, the report noted.
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
All negatives that contributed to the gold bull run, such as US fiscal cliff and Euro zone crisis are easing out. Some experts believe that the days of very easy gains, when you could just buy gold, hold it, and see it rise 10, 11, 12 percent each year are over.
'Every Indian citizen is already exposed to massive digital surveillance and most are already vulnerable to data theft and cyber-impersonation as well,' points out Devangshu Datta.
From audit and taxation to investment banking, the realm of options for CAs has only widened over the years.
A leading global investment advisor has warned that the commodity market bubble could burst at some stage and prices will tumble.
The government's showcase Indian Infrastructure Finance Company Ltd has run into trouble with two leading global banks - Standard Chartered Bank and Calyon Credit Agricole - suggesting that they may not fulfil collective contractual funding commitments of $250 million
'Today may be the last day for depositing old notes, but tomorrow all the worries of the banks will not go away.' 'As long as there is cash shortage, banks will not be able to function normally.' 'Nobody knows when the shortage will be over.'
With this, multilateral lenders like the International Monetary Fund, the World Bank and the European Union may continue downgrading Pakistan, making its financial situation more precarious.
Suppose you have transferred money to your trading account but did not use it to buy securities, the broker could misuse this money, warns Sanjay Kumar Singh.
Once formulated, this will be the fifth case against the ousted premier by the NAB.
'Sweden claimed inability to track the payments through Swiss bank accounts after making a half-hearted request for Swiss assistance,' it said.
'The Shiv Sena as a party was going nowhere.' 'Now Uddhav Thackeray has shown his partymen that he can take the BJP head on.'
Staff submissions show clients may have disowned initially authorised transactions after losses.
First it was Citibank which ended its exclusive tie-up with Jet Airways, after 12 years. Now it is the turn of American Express to go airline-agnostic -- despite having a co-branded card with troubled carrier Kingfisher Airlines.
Asumal Sirumalani aka Asaram added around 400 ashrams in India and abroad within a span of four decades.
There are no easy answers to this crisis. But governments should consider whether they ought to become the insurer of last resort.
Housing Development Finance Corporation has joined hands with the Maharashtra government and State Industrial Investment Corporation of Maharashtra, its subsidiary, to bid for control of the troubled United Western Bank.
The two leaders said on Sunday evening after a meeting in Berlin that they are fully aware of their responsibilities for stability of the euro and they are determined to do 'everything necessary' to increase the capital structure of the region's banks.
The changes would be the most ambitious overhaul to date of rules governing the liquidation or revival of companies in India.
'The missile mounted near Kailash-Mansarovar is called DF-21. It is a medium-range, 2,200 kilometres ballistic missile. Its advantage is that it can cover all cities of north India, including New Delhi'
The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya's ailing Kingfisher Airlines against the run of play, e-mails and letters claiming this and accessed by CNN-News18 indicate.
The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.
'A bit of foresight would have helped.' 'Isn't it common sense that this is sowing and wedding season?' 'The plan is indeed unquestionably revolutionary, but better preparedness could have avoided such teething troubles.'
Check out some of the stocks that will react on the basis of their numbers in the near term.
'I said before the game that if they bowl a lot at my head then they're not bowling at my stumps and trying to get me out lbw and caught behind the wicket. And I think that perhaps played into our favour a little bit in this innings'.
Once a stock market darling, the jewellery chain heads for liquidation.
SpiceJet is having tough times due to a huge financial crunch.
Onus of paying the home loan is on the buyer.
The politicisation of ethnic sentiments in the state has coincided with the ascent of the BJP and increased activities of far right Hindu outfits, which organised rallies and other events on religious occasions such as Ram Navami a festival not very popular in West Bengal- unlike states in north India.
In order to boost the troubled housing sector, the government on Sunday said public sector banks would soon unveil a package for those seeking home loans of up to Rs 20 lakh (Rs 2 million) and promised measures that would accelerate the "growth trajectory."
Shares of State Bank of India plunged sharply by over 8 per cent on Wednesday, on concerns about its exposure to Kingfisher Airlines and reports about public sector lender giving fresh loans to the debt-ridden carrier.
Argentina have cancelled their final World Cup warmup match against Israel, striker Gonzalo Higuain said on Tuesday, as political pressure grew ahead of Saturday's scheduled fixture in Jerusalem.
His ability to think like a visionary helps him expand his business, make new friends and improve his network.
A three-bedroom apartment (1,000 square feet super built-up) in the Mumbai suburb of Bandra (east) can set you back easily by over Rs 4 crore (Rs 40 million). But for just half the amount, or Rs 2 crore ($400,000), you could own a flat in Dubai.
Disposals also likely, clients to be cut -CEO memo to staff
It's been over two months since the flood waters receded, and it would seem with it so has anger against either the state government or the BJP-Sena candidates, reports Archis Mohan.
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