RBI had received 72 applications for small finance bank licences.
While a DFI will help banks derisk their loan portfolios, creation of a bad bank will clean up their balance sheets.
At least three members of the BJP Parliamentary Board, that approved candidates list, told me that release of my book by Nitish Kumar in 2017 was strongly resented and probably this cost me the party nomination, Roy said.
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
It was an illustrious gathering in Kanpur on Thursday as the Board of Control for Cricket in India felicitated its former Test captains including Sunil Gavaskar, Ravi Shastri, Mohammad Azharuddin, Sachin Tendulkar, Sourav Ganguly, Anil Kumble and Mahendra Singh Dhoni among others to celebrate India's 500th Test match.
RBI Governor Subbarao also said an increase in non-performing assets at lenders was a matter of concern, but added that banks were well capitalised, during a media briefing at the conclusion of the central bank's board meeting.
To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
Prakash was allegedly assaulted by Aam Aadmi Party MLAs during a meeting at the chief minister's residence in the evening of February 19.
The IMF Board of Governors have approved a general allocation of special drawing rights equivalent to $250 billion to provide liquidity to global economic system by supplementing its member countries' foreign exchange reserves.
The Indian Air Force had on Thursday said all 13 people on board the aircraft have died.
Noble laureate Amartya Sen was appointed chancellor of the upcoming Nalanda University by the board of governors in a meeting in Patna on Thursday, officials said.
With his name or without, Jim Corbett continues to live on in his home in Uttarakahand's Kaladunghi and in the jungles he loved.
In a strong counter to the narrative building around reasons for the exit of Professor Pratap Bhanu Mehta, Ashoka University Chancellor Rudrangshu Mukherjee has said the institution remains committed to academic freedom and intellectual independence while its Board of Trustee Chairman Ashish Dhawan promised an open line of communication.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
In a bid to enhance preparedness for disaster management among government officials involved in management of the annual Amarnath Yatra starting July 2, National Disaster Management Authority has planed to conduct a three-day mock drill.
The sources said the ministers and HRD officials however assured the students that their genuine demands like better amenities inside the campus and improving the academic atmosphere will be addressed.
The Pakistan Cricket Board said that it would file a compensation claim against the Board of Control for Cricket in India with the International Cricket Council's disputes resolution committee in January next year.
Flagging the issue of lack of enough economists in the country, Reserve Bank India (RBI) Governor Raghuram Rajan has said the inability to get quality talent may be hurting policy making.
Rajan will be closely working with the RBI governor and the four deputy governors to gain familiarity with the central bank's stance on various issues.
The federation's troubles have piled up in recent months, with some of its officials and senior coaches having found themselves embroiled in doping scandals.
'These naval sailors should have been given due respect as freedom fighters.' 'February 18, 1946 should be as important as January 26 because that date changed everything.'
The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
'We still need a certain number of large public sector banks for financial inclusion and stability purposes.'
According to Subbarao, the pressure on the currency was inevitable.
He also complimented the United States for making it possible. The civil nuclear initiative was good for India and good for the world, he said in a statement.
Pakistan Cricket Board chairman Zaka Ashraf was suspended by the Islamabad High Court on Tuesday over what it described as the 'polluted' process to elect him to the post.
Billions of rupees spent on river cleaning programmes have gone down the drain. This situation cannot be allowed to continue, says Business Standard.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
Since the RBI is the 'lender of the last resort', as per terms of arrangement, Yes Bank would have to exhaust immediate liquid assets before accessing this fund.
Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.
The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
The combativeness reflects her insistence not to meekly acquiesce to what has been going on in Raisina Hill for years or decades, observes Kartikeya Tanna.
With this allocation of portfolios, the Sharad Pawar-led NCP has got most of the 'plum' ministries.
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
Earlier in the day, International Atomic Energy Agency chief Mohamed ElBaradei had endorsed the India-specific safeguards agreement, asserting that it conformed to "all legal requirements" of his agency and that talks had begun on a system of extended inspections.
"I appeal to everyone to maintain peace. I hope to be back on the field in the next few days," Banerjee said.
