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.
'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.
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.
'Dhawan is a very strong contender while is miles ahead of his peers in terms of being an impact performer'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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.
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.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Uttar Pradesh clinched their maiden Mushtaq Ali T20 Trophy with a thumping 38-run win over two-time champions Baroda in the final under flood-lights at the Wankhede Stadium in Mumbai on Wednesday.
A round-up of all the Ranji Trophy matches played on Thursday.
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.
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.
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.
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.
Hiring for management professionals with greater than 16 years of experience witnessed a spike of 66% compared to last year.
'The people of Jammu and Kashmir are your own people. Do not use them as cannon fodder in your laboratory.'
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.
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.
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.
17 scorers have appealed in unison to BCCI president Sourav Ganguly, seeking some sort of 'retirement benefits'
'Hardik is also set to go the United Kingdom to consult the same doctor, who had treated him during the first injury post Asia Cup. He is certainly not playing the Bangladesh series but how long he will be out is still not clear. We will know after he comes back from the United Kingdom'
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.
After being plagued by injury, Baroda captain Irfan Pathan returned to lead the team to the Ranji Trophy quarters. Now that Baroda's season is all but over Yusuf's stint as captain could, at best, be described as bittersweet, writes Bikash Mohapatra.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
Hardik Pandya has been on the road to recovery after going under the knife following a lower-back injury five months ago. Hardik slammed eight fours and 10 sixes in his sizzling innings
All-rounder Krunal Pandya in all likelihood will make his senior India debut after being named in the final 12 for Sunday's first T20 International against West Indies.
Armed with court order, a consortium of lenders led by SBI can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with failure of Kingfisher Airlines. A consortium of 11 banks that gave Mallya loans, led by State Bank of India (SBI), had approached a special Prevention of Money Laundering Act (PMLA) court seeking restoration of his properties seized by the Enforcement Directorate. The special PMLA court in Mumbai on Tuesday allowed the restoration of properties worth Rs 5,646.54 crore to banks.
Former Indian women cricket team coach Tushar Arothe was arrested in Vadodara in connection with Indian Premier League betting.
"Convict him or acquit him," an anguished Supreme Court observed on non-framing of charges on an accused jailed for 11 years over serial blasts in multiple Rajdhani Express and other trains in 1993.
India's cricketing great Sachin Tendulkar on Friday donated Rs 50 lakh to fight the COVID-19 pandemic, which has so far claimed 17 Indian lives and wreaked havoc globally. Tendulkar's donation is so far the biggest contribution among India's leading sportspersons, some of whom have pledged their salaries while a few others have donated medical equipment to fight the dreaded outbreak, which has caused more than 24,000 deaths globally.
Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said.
Nearly two million e-mandates for recurring payments have been registered with banks and card networks after the Reserve Bank of India (RBI) made it mandatory from October 1 to take prior consent of a customer before debiting her account, sources in know of the matter said. Industry estimates peg the recurring transactions at approximately 2.5 per cent of the total volume of transactions, and about 1.5 per cent in terms of value. Of these, around 75 per cent of domestic recurring transactions, and about 85 per cent international recurring payments are below Rs 5,000.
Embattled retailer Future Retail Ltd (FRL) on Tuesday moved the Supreme Court to avert insolvency proceedings over missing a loan repayment deadline, even as its independent directors rejected an Amazon-supported offer to sell the company businesses at less than a third of what Mukesh Ambani's Reliance is offering. India's second-largest retailer, which operates multi-brand retail chains such as Big Bazaar, Easyday and Heritage, failed to pay Rs 3,494.56 crore to lenders by the due date of December-end and sought a 30-day grace period to resolve the situation. Unable to find money, it moved the apex court seeking to restrain its lenders from declaring the company a defaulter, which can invite initiation of insolvency proceedings.
Since its launch in April, helpline 155260 has been able to prevent more than Rs 18.5 million of defrauded money from reaching the hands of fraudsters.
'My fight against the dictatorship was born out of the conviction that evil should be fought, but it never entitled killing or what the prosecution say 'criminal force'
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
