Loans for Indian airlines have dried up as banks have become cautious to lend to the sector.
The CBI has initiated the action on the complaint of Bank of Baroda, which was a member of consortium led by Bank of India, which had approached the agency fearing that Kothari may flee the country like Nirav Modi and his uncle Mehul Choksi.
Talented Indian opener Prithvi Shaw, who slammed a double hundred on his return to competitive cricket, said he was keen to get back to form quickly after spending eight months in the wilderness due to a doping offence. Shaw was handed a back-dated eight-month suspension in July for a doping violation after ingesting a prohibited substance Terbutaline.
Banking and financial stocks got more than their fair share of foreign portfolio investor (FPI) flows in February. Overseas investors pumped in $3.56 billion into domestic equities last month. Of this $1.96 billion went into financial stocks, data analysed by Edelweiss shows. "The sector now has 34.8 per cent of FPI assets, up from 33.8 per cent in January.
India captain Virat Kohli acknowledged the need for a "sixth bowling option" but also kept it open-ended when asked about flamboyant all-rounder Hardik Pandya's bowling fitness, stating that the Baroda man "has to be fit to be able to bowl one or two overs."
'With his passing comes the end of Indian cricket history.'
In the Mumbai game, the spotlight was on Shaw, who proved his mettle, by toying with the Jharkhand attack
The collector king Sayajirao Gaekwad III, who lived a century ago, put together a fantastic world of Indian and European art for his subjects.
Mumbai opener Prithvi Shaw, who had played his first game in first class cricket after serving a eight-month ban for doping, smashed a quick 66 off 62 balls against Baroda. A round-up of Day 1 of the Ranji Trophy matches played on Monday.
Vijaya Bank assured employees that the service conditions 'will remain unaffected and staff benefits retained'
'We are open to directing a Khiladi 2.' 'And we would want to do it with Akshay who is still so fit, energetic and successful.'
We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth, explains Tamal Bandyopadhyay.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The ministry of finance on Tuesday clarified that public sector banks (PSBs) have intimated they are not going to raise bank charges in the near future in view of the COVID-19 pandemic. The ministry's statement comes after several media reports citing steep increase in service charges by certain PSBs surfaced. No service charge is applicable on the 60.04 crore Basic Savings Bank Deposit (BSBD) accounts, including 41.13 crore Jan Dhan accounts opened by the poor segments of the society, as per the statement.
The Kandy franchise is owned by Bollywood actor and producer Sohail Khan, younger brother of superstar Salman Khan.
'After his back injury, he needs to look after himself.' 'He needs to keep working on his bowling.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
With the rise in interest rates, bond yields have been on the rise; this will dent banks' treasury profits. Also, many retail borrowers may find it difficult to service their loans when the loan rates rise, points out Tamal Bandyopadhyay.
A round-up of all the Ranji Trophy matches played on Thursday.
Star all-rounder Hardik Pandya is 'close to playing' but Mumbai Indians won't rush him back as they are also keeping in mind the needs of the Indian team while managing his workload, MI bowling coach Shane Bond said.
'The people of Jammu and Kashmir are your own people. Do not use them as cannon fodder in your laboratory.'
For the fiscal ended 2021, the group has made a loss of Rs 5,943 crore on sales of Rs 11,723 crore, a drop of 66 per cent over fiscal 2020. The group's total debt was up by 7 per cent to Rs 20,742 crore.
'Dhawan is a very strong contender while is miles ahead of his peers in terms of being an impact performer'
Piramal Enterprises' bid for debt-ridden DHFL received the most votes from lenders at the close of the voting process on Friday, sources said. Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital. Voting was done on various parameters, including qualitative and quantitative.
Krunal, who made his ODI debut last month, highlighted his father's role in his life and got emotional remembering his dad.
There is no direct impact of the Russia-Ukraine crisis on India in terms of bilateral trade but a surge in oil prices poses considerable risk to the economy, an analyst report said on Friday. International oil prices which have surged past $100 per barrel "pose risks to external stability and currency movement," a Bank of Baroda Economics Research report said. Russia has launched military operations against Ukraine, stoking fears of significant disruption in the region, including loss of life. The West is ramping up financial sanctions against Russia and support for Ukraine.
Surya, who has been in great form, single-handedly guided the domestic giants to victory with an over to spare.
In the biggest consolidation exercise in the banking space, the government on Friday announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.
A round-up of Ranji matches played on Tuesday
A round-up of Ranji matches played on Monday
India is a pacer short heading into the T20 World Cup this month, feels former chairman of selectors MSK Prasad, who is also a bit concerned about all-rounder Hardik Pandya not bowling in the ongoing Indian Premier League.
The Reserve Bank on Monday superseded the boards of Srei Infrastructure Finance as well as Srei Equipment Finance, citing concerns over governance and payment defaults, and decided to refer the two NBFCs for resolution under the insolvency law. This is only the second time in as many years that the Reserve Bank of India (RBI) is referring entities for the resolution process under the Insolvency and Bankruptcy Code (IBC) after taking first ever such step in the case of DHFL back in 2019. Superseding the boards of the crisis-hit Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), the RBI has appointed Rajneesh Sharma, former Chief General Manager of Bank of Baroda as the administrator to manage the affairs of the two companies.
Hiring for management professionals with greater than 16 years of experience witnessed a spike of 66% compared to last year.
Last week, Team India roared into the final of the inaugural edition of the ICC World Test Championship (WTC) following an emphatic 3-1 series win over England.
Mumbai Indians Director of Cricket Operations, Zaheer Khan on Saturday exuded confidence that star all-rounder Hardik Pandya would be fit to play in their next game against Royal Challengers Bangalore after missing the title holder's first two games in the second leg of the ongoing Indian Premier League.
17 scorers have appealed in unison to BCCI president Sourav Ganguly, seeking some sort of 'retirement benefits'
The cases pertain to State Bank of India, Punjab National Bank, Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, Allahabad Bank, Canara Bank, Dena Bank, Punjab and Sind Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra and Bank of India.
The finance ministry on Wednesday allowed all private sector banks to participate in government-related business, like collection of taxes. pension payments and small savings schemes. At the moment, only few large private sector are allowed to conduct government-related business.
According to a complaint from Bank of Baroda, the conspirators allegedly cheated a consortium of bank loans of Rs 3,695 crore. The scam was earlier estimated at around Rs 800 crore.
Former India all-rounder Irfan Pathan on Monday said he hasn't confirmed his availability in any franchise-based T20 league at this stage, refuting reports that he could participate in the inaugural Lanka Premier League, starting on August 28.
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