Large urban co-operative banks may come to be solely under the provisions of the Banking Regulation Act, even as the smaller among them are to remain within the exclusive fold of the Registrar of Co-operative Societies. The upcoming changes will bring the curtains down on the vexed issue of dual control of UCBs, which has been in vogue for 54 years. The new framework will affect 1,551 UCBs in the country, which had a total business of Rs 7.36 trillion.
Move to increase 90-day window to 120 days to give more time to borrowers to service loans.
The government plans to inject a total Rs 70,000 crore into the lenders over four years
Arun Jaitley had promised to provide more than the budgeted amount.
A 'chance meeting' with Pullela Gopichand near an auditorium lift was enough for Manasi Joshi to convince the national coach of her burning desire to become a world champion.
The Indian won 21-7 21-7 in the summit clash that lasted just 38 minutes.
'Her defence was the one only problem. (Carolina) Marin and Pornpawee (Chochuwong) are good attacking players, they were using a lot of half smash and straight smash, and when Sindhu's defence goes down on a day, it affects her other skills as well, she gets nervous. But now she has improved a lot in her defence as well. Her endurance on the court is also good.'
Images from the FIFA World Cup qualifying matches on Sunday night.
This week's collection of unbelievably unusual images from across the world
Punjab National Bank is the second largest PSU bank, in which government holding is 58.87 per cent.
A long season took its toll on Roger Federer on Thursday as the Swiss was knocked out of the Paris Masters following a 7-6(3) 3-6 7-6(5) third-round defeat by big serving John Isner.
The new records for extreme lightning bursts, or 'megaflashes', during 2019, are more than double the size and duration of the previous record flashes.
A summary of Wednesday's matches in the UEFA Champions League.
Roger Federer enhanced his reputation as a popular champion as he celebrated his maiden title in hometown Basel with the ball kids.
Banks should start looking for ways to generate more internal capital as the leeway to get additional funds from the government would be limited due to the ongoing fiscal consolidation process, Mundra said.
B Sai Praneeth became the first Indian male shuttler in 36 years to secure a medal in the BWF World Championships after a straight-game victory over Indonesia's Jonatan Christie.
Middlesbrough beat Basel 4-1, putting them through 4-3 on aggregate and into a meeting with Steaua Bucharest.
Rafael Nadal, after having suffered a 6-2, 7-6 (7-4) loss in the quarter-finals of the Swiss Indoors to teenager Borna Coric, has shut down his season to undergo appendix surgery.
Sindhu yet again struggled to buck the trend of early exits
The need to allow government shareholding in public sector banks to come down below 51 per cent
Indian banks, which have strengthened their balance sheets, will trigger mergers and acquisitions to conform to stringent Basel II norms coming into effect in 2007.
India's men shuttlers had a great day in office with reigning Commonwealth Games champion Parupalli Kashyap winning the Austrian Open Championship in Vienna while young Sameer Verma made it to the summit clash of the Swiss Open.
8 CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole
Two-time champion Saina Nehwal and HS Prannoy progressed to the quarter-finals after straight-game victories in the women's and men's singles respectively at the $ 120,000 Swiss Open Grand Prix Gold badminton tournament, in Basel.
'That was quite an empty period in this club with no evolution in areas that are important'
World number one Rafael Nadal said on Wednesday he would skip the Asian leg of the ATP tour to recover from the knee injury he picked up at the US Open, a decision that will boost Novak Djokovic's chances of ending the year top of the rankings.
Banks will need more funds, as they have to provide more capital.
Barcelona battled back from a goal down and scored twice in the second half to overcome hosts Borussia Moenchengladbach 2-1 in their Champions League Group C match on Wednesday despite the absence of the injured Lionel Messi.
Finance Minister Arun Jaitley on Saturday proposed to infuse Rs 7,940 crore funds next fiscal in the public sector banks.
India has been classified as high risk zone in terms of money laundering.
India's champion shuttler P V Sindhu feels more women will win medals for the country in future and hard work is the key to success.
Valencia turned the tables on a stunned Basel side to reach the Europa League semi-finals on Thursday with a 5-0 win after extra time thanks to a Paco Alcacer hat-trick as they recovered from a three-goal first-leg deficit.
Enterprise software company Oracle India would look for business opportunities in banking and healthcare segments during the next one year, managing director Shekhar Dasgupta said.
Playing his first final in almost two years, world No. 22 Praneeth lost 21-19, 18-21, 12-21 to the Chinese in the summit clash, which lasted 68 minutes.
The draw for the third qualifying round of the Champions League was made on Friday.
Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das
Roger Federer has now won all the seven finals he has contested in Cincinnati. Rediff.com takes a look at a few other events that have ensured prolific returns for the Swiss master.
