The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
Is Chandrababu Naidu being in jail an opportunity? How will the TDP capitalise on it? Or will it implode with nothing more than a sigh?
Spritual Guru and member of the Shri Amarnath Shrine Board Sri Sri Ravi Shankar has said that he was deeply pained over the toll of casualties during the Sri Amaranth pilgrimage year after year.
RBI chief banks on 'significant measures' to battle a 'significant crisis'.
He has assisted former US Senator Alfonse D'Amato Mayor Michael Bloomberg and former governors George E Pataki and Eliot Spitzer to promote New York State aboard.
Nandan Nilekani, co-founder and chairman of Infosys and the founding chairman of UIDAI, has donated Rs 315 crore to the Indian Institute of Technology (IIT) Bombay.
The Pakistan Cricket Board (PCB) found itself in an embarrassing position over its plans to seek compensation from the Board of Control for Cricket in India for not honouring the MoU signed between the two countries to play six bilateral series between 2015 and 2023.
Bharatiya Janata Party president J P Nadda has appointed Union minister Mansukh Mandaviya and party general secretary Vinod Tawde as central observers for the election of the leader of opposition in the Karnataka assembly.
People who were present at the convention centre told media that the first blast occurred in the middle of a prayer.
The row erupted after Purohit wrote a letter to Mann asking for details on the selection of government school principals sent to Singapore for a training seminar, saying he has received complaints of "malpractices and illegalities".
On Thursday, the apex court ruled that the Delhi government has legislative and executive powers over the administration of services, except for public order, police and land.
'Barring Tamil Nadu and Kerala, the BJP will may make inroads in Karnataka, Andhra and Telangana in 2024.'
After Abdul Qadir and Zaheer Abbas, another former great Javed Miandad also announced his intention to contest for the post of chairman of the Pakistan Cricket Board in the forthcoming elections.
Top Indian industrialist Ratan Tata has returned as a board member of East West Centre, a prominent American think tank.
West Bengal Chief Minister Mamata Banerjee was injured when the helicopter in which she was flying made an emergency landing at the Sevoke air base near Siliguri in the northern part of the state due to bad weather on Tuesday afternoon, officials said.
To cut interest rates, the central bank head has to open up a debate on inflation target revision.
Growing up in the Mumbai of 1970s, Uday Kotak aspired to be a cricketer and trained under legendary coach Ramakant Aachrekar. However, it was an on-field injury which resulted in a shift to finance. He started off with bill discounting, turned to lending and successfully applied to start a universal bank in the first decade of the millennium, as India was warming up to private play in banking.
Jammu and Kashmir Governor N N Vohra told Chief Minister Ghulam Nabi Azad that the Amarnath Shrine Board would not pursue the transfer of land.
Autopsy failed to find the cause of death of MP Governor Ram Naresh Yadav's son Shailesh, an accused in the the multi-crore Vyapam scam.
At least 36 people were killed and 19 injured when a bus carrying passengers skidded off the road and rolled down into a 300-foot gorge in Jammu and Kashmir's Doda district on Wednesday, officials said.
A crucial meeting of the board of governors of the International Atomic Energy Agency to build a consensus on India-specific safeguards accord essential to help implement Indo-US nuclear deal has been postponed from July 28 and is likely to be held on August 1, IAEA sources said.
Many boards insist on "proven", "experienced" directors when it comes to appointing women.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
Dinesh Patel, Utah's most high profile and influential Indian American, was conferred the Willem J Kolff Lifetime Achievement Award at BioUtah's 2013 Utah Life Science Award, the state's top science award ceremony.
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the financial ended March 2022. The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement. The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of RBI, headed by Governor Shaktikanta Das, held on Friday.
Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their $6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? The funds -- Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund -- have been under cloud for last couple of years after allegations that they may be shell companies. They came into focus once again in January when a US short seller alleged that Adani Group used offshore shell companies to inflate stock price.
She said I treated her like a bachchi. At another moment, she said I had gone to various people and 'bitched' about her. She also threatened to bring the entire matter to the PM's notice. A revealing excerpt from Subhash Chandra Garg's We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.
'There is a need for an innovation sandbox where the PSBs can collaborate and then they can do their own innovation on top of it.'
Sebi Chairman U K Sinha has often chastised listed companies for not having enough women on their boards.
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
Ramaswamy's stance on H-1B visas is reminiscent of the 2016 Trump campaign, when then-candidate Donald Trump, who has also hired a number of foreign workers under H-1B visas for his businesses, took a hardline stance on these foreign workers before later softening his rhetoric.
Lobbying for the Indo-US nuclear deal, India on Friday briefed the International Atomic Energy Agency Board of Governors and some Nuclear Suppliers Group countries on the safeguards agreement amid reports that there was no sign of opposition to the accord.
However, the bill will have all major provisions of the ordinance, promulgated by the central government on May 19, a week after the Supreme Court handed over the control of services in Delhi excluding police, public order and land to the elected government headed by Chief Minister Arvind Kejriwal.
Any currency design change must be approved by the RBI central board and the central government.
Sources said Saurabh Bharadwaj and Atishi will be sworn in on Thursday.
Govt reconstitutes body, says will not interfere in senior PSB appointments
Railway Minister Ashwini Vaishnaw, Madhya Pradesh Governor Mangubhai Patel, Chief Minister Shivraj Singh Chouhan, Union ministers Narendra Singh Tomar and Jyotiraditya Scindia, among others, were present on the occasion.
President Droupadi Murmu on Saturday took her maiden sortie in a fighter aircraft at Tezpur air base in Assam.
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