In its first foray into the US West Coast, NRI industrialist Swraj Paul's Caparo Group on Friday opened a $40 million steel plant.
Three stockmarket experts give their best picks for the New Year.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Reserve Bank of India Governor Urjit Patel on Saturday exhorted banks to reduce their lending rates to push credit demand in laggard segments, saying banks have benefited from influx of low-cost deposits and its previous repo rate cuts.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
Where we bring you the best of celebrity foodgasm moments.
HDFC Bank has ensured that no bank will be able to match them in the near future without bleeding on margins.
/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.
These captivating photos snapped by photographers across the globe amid the coronavirus pandemic showcase how different nations have experienced a life under lockdown. In total, 15,697 photos have been submitted to the contest. The power is now in the global community's hands to cast their votes and decide which photo should win #StayHome. The most-voted photo will be revealed through the Agora app on May 27 and will win the top prize of $1,000. Octavi Royo, CEO and co-founder of the app Agora, which is running the competiton, said the photos gave 'a point of view on the confinement and to share a message of hope to humanity through their photograph'. Take a look at some of the best entries here.
FinMin plans tougher targets for bad loans, Casa and others in performance-linked pay for senior management.
Linking all new floating rate loans to an external benchmark won't impact existing borrowers, so customers who have taken long-term home loans recently should watch things carefully, say Joydeep Ghosh and Sanjay Kumar Singh.
By evaluating their loan rate against the best available every year, borrowers can achieve considerable savings over the entire tenor, suggests Sanjay Kumar Singh.
Hyderabad-based Andhra Bank is aiming to get a significant proportion of the state government's business, to boost its share of low-cost deposits
Calling out the high real interest rates -- the differential between the policy rate and headline inflation -- as an impediment to investment, the SBI report said the RBI can cut rates by 0.35-0.50 per cent at its next policy announcement.
Summary of sports events and persons who made news on Tuesday
At Priyanka Chopra and Nick Jonas's nuptials, the Adil Manuel Collective played funk, jazz and R&B for longer than planned that evening at the Umaid Bhawan Palace in Jodhpur. One of the couple's friends in the audience yelled: 'Are you guys even from India?' Adil Manuel offered to show her their passports.
The net non-performing assets on December 31, 2016 were Rs 20,155 crore compared to Rs 16,483 crore at September 30, 2016
State Bank of India has revised lending rates based on marginal cost of funds, a new methodology that will take effect from April 1.
These sectors are seeing a marked slowdown, as consumers are postponing purchase decisions amid uncertainty and severe cash crunch, report Ram Prasad Sahu, Sheetal Agarwal & Ujjval Jauhari from Mumbai.
Banks seems to be upset over RBI's move over rate cut.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
It has been 400 years since William Shakespeare died but his legacy lives on.
While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
'The overall stress on asset quality is indeed coming down.'
But it's a journey of a lifetime.
After the Paris terror attacks, "we know what Mumbai-style attack looks like", a leading British daily said on Monday, underlining that this is war in which everyone is equally at risk.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
If India grows at 8 per cent, the Indian banks will grow much faster.
A day after the National Investigation Agency filed a chargesheet against Jaish-e-Mohammed chief Masood Azhar in the Pathankot attack, India took on Pakistan at the United Nations and called on the hostile neighbour to leave behind its ways of terrorism, with the warning saying that, "what you sow will bear fruit".
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
HFCs and banks expect a drop in demand for housing loans in the short-term.
Given the hotel's prime location, it is obvious that there will be some serious bidders trying their luck when an auction is held in the second half of this calendar year.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
The government could carry out the demonetisation exercise over periodic intervals along with its surprise element, says Soumya Kanti Ghosh.
Markets end in green with auto, banks on a steady climb.
As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
Challenges abound but innovation is key for new banks inorder to survive.
KV Kamath has had a tough journey so far.
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