Banks are seeking an order that Mallya should appear in person before the court.
As the Jan-Dhan scheme completes a month since its official launch, reports coming in from various parts of the country suggest the stated target of 75 million new accounts will be achieved much before January 26 next year.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
BBPS allows you to pay electricity, telephone, water supply, gas and DTH bills. Its scope will be expanded to include other payments like school and university fees, government taxes, insurance premiums, mutual fund investments, even credit card bills.
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
BoB's offer of a lower home loan rate to customers with credit scores of 760 and above makes it incumbent on everyone to pay heed to this all-important number.
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das on Friday said there was no need to panic over the feared security breach that affected over 32 lakh cards.
For financial institutions, it will be an opportunity to provide better lending options. For instance, customers who pay their overdrafts on time will get access to more credit and probably at a cheaper rate.
Only double-income households can buy flats in India's top 8 cities, except Mumbai
RBI declines to accede to plea, upheld by Padmanabhan panel, for priority sector tag; feels move would dilute claims of those needing it more.
Over the past 25 years the MF industry has come a long way. Geographic reach has increased, many more customers have been added, more channels have been opened up and the product basket is full.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
23 Nifty companies reported an annual decline in net profit.
Rajneesh Gupta gives us a list of noteworthy statistics from first-class and Ranji Trophy
Most of the index heavyweights are yet to declare their results.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
IIP for November 2015 and CPI for December 2015 will be announced today.
The central bank has been intervening in the foreign exchange market by buying dollars, and this is capping the rupee's gains.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
Participants are keenly waiting for the January IIP.
Bank shares were the top losers after sharp gains last week.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
Broader markers outperformed their larger peers.
Bankers on Tuesday said the RBI's decision to hold key rates, coming after a decisive mandate received by the Narendra Modi government, was on expected lines and interest rates won't change even though the central bank's SLR cut infuses additional liquidity into the system.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
Markets end in red; bluechips struggle to keep pace.
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
Global liquidity expected to continue amid ECB stimulus
Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
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