'The amount involved could as high as Rs 3,500 crore as there are a lot of depositors.' 'Yesterday, I met an investor who put in Rs 4 crore. That man doesn't have Rs 2,000 to spend on medicines.'
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?
Infrastructure Leasing and Finance Company is poised to acquire management control of the troubled infrastructure company Maytas Infrastructure owned by family members of Ramalinga Raju, former chairman and managing director of Satyam Computers, who confessed to financial fraud on January 7. The leading non-banking finance company is emerging as a government preference given its prominent role in infrastructure finance in the country.
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia
It said a meeting would be held with the airline's management soon.
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
'We need to further catalyse economic growth and the government needs to increase revenue,' says G K Agarwal, BJP's national spokesperson on economic affairs.
Delhi-based Nilesh Sharma, among the first IPs, said while the framework is in the initial stage and might have teething trouble, the opportunity is immense in the long run.
'This is not without risk because extraordinary steps taken in exceptional times have the habit of becoming habits until the next crisis intervenes,' warns T N Ninan.
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.
BWith a distracted president brooding in the White House, Pompeo seems to think his day has come. He seems to be pushing a personal agenda before a target audience in America, observes Ambassador M K Bhadrakumar.
It is time we consider a residential permit system for economic migrants. With this the migrants will enjoy all benefits other than the right to vote. This single measure of regularising economic migrants will defeat the nefarious designs of the 'vote-bank' politicians. Else, we are storing trouble for the future, says Colonel (Dr) Anil Athale (retd).
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.
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.
Has Chief Minister Mamata Banerjee created a situation with dangerous overtones in Bengal? In the six years that she has been in power, her detractors feel she has overplayed the politics of appeasement.
A leading global investment advisor has warned that the commodity market bubble could burst at some stage and prices will tumble.
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.
From audit and taxation to investment banking, the realm of options for CAs has only widened over the years.
The underperformance comes amid liquidity concerns in the non-banking finance companies space and Essel Group default news.
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
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
To select the right platform, get the opinions of a few existing users or browse online for feedback. Select a platform that offers a seamless experience. Check that the platform you are going with is a regulated entity, suggests Sanjay Kumar Singh.
'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.
Cautioning that there will be social and psychological consequences for the rest of the country too, Guha said the migrant tragedy could have been averted or at least minimised if Prime Minister Narendra Modi had given them a week's notice to return home before the lockdown kicked in.
'Our network somehow saves 3,000 lives every year, but there's so much more to do, as every death due to shortage of blood is easily avoidable.'
'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.'
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.
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.
'Sweden claimed inability to track the payments through Swiss bank accounts after making a half-hearted request for Swiss assistance,' it said.
There are no easy answers to this crisis. But governments should consider whether they ought to become the insurer of last resort.
Once formulated, this will be the fifth case against the ousted premier by the NAB.
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.
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.
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.
Asumal Sirumalani aka Asaram added around 400 ashrams in India and abroad within a span of four decades.
The changes would be the most ambitious overhaul to date of rules governing the liquidation or revival of companies in India.
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