India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans.
BS Annual Awards 2014: Power-packed jury picks the best 7 of corporate India
It might be difficult to repeat the SKS success with VAYA Finserv, say analysts
His finest years came when he served as deputy governor under C Rangarajan.
The agreement says UB Group and Adventz will have the right of first refusal over each other's shares.
With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
The deal that promises to make Flipkart a leading force in fashion segment - estimated at Rs 3 lakh crore - came after hectic weekend parleys.
ICICI Bank has quashed rumours of favouritism, nepotism and quid pro quo. The bank clarified that while Chanda Kochhar was on the credit committee, she was not the chairperson. Videocon Chairman Venugopal Dhoot said there was no impropriety in the deal.
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
In the fifth of a six-part series, Business Standard visits Coimbatore, often referred to as the Manchester of South India for its promising textile industry, to assess the impact of the note ban.
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.
The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).
Even as politics engaged him more, he never hid his way of life. On one occasion, Morarji Desai pleaded with him to stop drinking publicly. "You stick to your pissky and I'll stick to my whisky'' he is supposed to have told him.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
UIDAI has asked police to investigate, it was not fully convinced about nature of the incident
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
'Investors hate uncertainty and the demonetisation move certainly creates that.'
If there is one regulation that has undergone the highest number of changes over the past five years, it is the Issue of Capital Disclosure Requirements (ICDR) Regulations.
Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, writes Tamal Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, says Tamal Bandyopadhyay.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
Eleven companies, which owe the bank Rs 843 crore, are untraceable.
Intimate getaways offered in the form of homestays by hotels are proving to be the flavour of this extraordinary and difficult time. Not far from cities, they offer a pleasant respite from homebound lives, says Pavan Lall.
It was unclear how bankers were deciding which jewellers to support
The theory that all banned notes will come back into the system may not be true. Anup Roy finds out.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
With a sole mandate of inflation targeting, RBI wears many hats.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
According to the RBI's April 6 circular, cash loading companies, which take cash around the country, are supposed to increase their net worth to Rs 1 billion within 90 days.
With a staff crunch, it seems the I-T department would now target only the big fish rather than go after small assessees.
The chairman of mortgage giant HDFC Ltd in his annual letter to shareholders, also suggested a one-time restructuring of real estate loans, easing of external commercial borrowing rules and immediate changes in regulations to allow end-to-end execution of housing loans online.
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
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