Kumar said the Commission will follow the time-tested methods of consultations and consensus building in bringing about any reforms and will not shy away from tough decisions, according to an Election Commission (EC) statement.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
With the 50 bps rate cut now more banks are expected to reduce their base rate.
The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China
Arundhati Bhattacharya, chairman of country's largest lender State Bank of India said demonetisation of high value notes won't be a problem as the bank has done it before.
The ICICI board is looking to the retired petroleum secretary to provide 'maturity and sagacity'.
Other private banks also planning to employ bots soon
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
Independent directors were supposed to safeguard the interest of all stakeholders.
Trade and economic issues, including visa, totalisation pact and impediments hampering investments, are likely to figure at Monday's US-India CEO Forum meeting, which will be jointly addressed by visiting US President Barack Obama and Prime Minister Narendra Modi.
German Chancellor Angel Merkel, French President Francois Hollande, Chinese Prime Minister Li Keqiang, Pakistan Prime Minister Muhammad Nawaz Sharif and Switzerland President Simonetta Sommaruga would be participating in the 45th edition of the meet.
SBI Chairperson Arundhati Bhattacharya said any rate cut by the bank would depend on a lot many factors.
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The minister, who will also be meeting foreign institutional investors whose money is key to funding CAD in the afternoon, did not speak to reporters waiting outside.
An app by the bank lets customers carry out a slew of banking functions via the social media site.
Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum in New Delhi attended by Prime Minister Narendra Modi and US President Barack Obama.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
Of the existing set of potential leaders, Bakhshi was clearly the only choice as he beat out other high-level candidates that included executive directors Anup Bagchi, Vishakha Mulye, NS Kannan, and Vijay Chandok who were lacking the all-round game that Bakhshi has.
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
The bank saw loans worth Rs 7,000 crore (Rs 70 billion) slipping into NPAs during the March quarter, taking the gross NPA ratio to 5.82 per cent.
There's a long way to go before human beings are replaced by machines -- in banks at least.
'For the next three months or so, the market will go down.' 'Traders do not have Rs 100 notes.'
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
Banks are clear that lending rates are not going to fall further, say Hamsini Karthik and Anup Roy.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
Audi's strategy seems to point to pushing technology to directly connect with consumers using digital platforms and marketing to synchromesh into one seamless experience, says Pavan Lall.
The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
State Bank of India chief Arundhati Bhattacharya, ICICI bank head Chanda Kochhar, Biocon founder Kiran Mazumdar-Shaw and HT Media chair Shobhana Bhartia are among the world's 100 most powerful women.
After sight-seeing the Taj Mahal in Agra and the Sabarmati Ashram in Ahmedabad, Canadian Prime Minister Justin Trudeau got down to work in Mumbai. He, along with his wife Sophie Gregoire Trudeau and three kids -- daughter Ella Grace and sons Hadrien and Xavier - arrived in the country's financial capital on Monday night. Here are snapshots from Day 3 of their visit.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
Slow credit off-take to put pressure on margins
A glance back at some of the important ups and down Indian Inc faced in 2018.
Netanyahu will cap his hectic schedule by attending the 'Shalom Bollywood' event.
Bankers and economists agree rates will soften, though the quantum would depend on banks' asset-liability profile
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
Experts say the move will make matters worse for buyers, reports Karan Choudhury.
'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.
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The Tata Group says it is bullish on investment in India.
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
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