Last month, RBI slashed cash reserve ratio -- the percentage of deposits that banks have to keep with the RBI -- from 5.5 per cent to 4.75 per cent. With this, the central bank had infused Rs 48,000 crore (Rs 480 billion) into the economy.
Come with full data, put in more equity, get other creditors on board and begin homework for RBI okay: SBI chief.
A new crop of politicians is redefining the dynamics of politics in Uttar Pradesh. Neerja Chowdhury analyses the mood change in the poll-bound state.
Seeking to downplay the impact of the downgrade by Moody's, the country's largest lender SBI on Wednesday admitted that the action will marginally increase medium term borrowing costs, and said it is a "reminder" to the government to urgently capitalise it.
SBI says the downgrade will not hurt the bank that much.
RBI slams public sector banks for the strange phenomenon of profits dipping when a new chairman takes over.
The entire Khan family makes its way to MAMI.
India is looking towards "unlocking processes" and exploring "doables" to revive the stalled dialogue with Pakistan, officials said on Friday, as Indian Foreign Secretary Nirupama Rao prepares to meet her Pakistani counterpart Salman Bashir next week in Thimpu.
The savings bank deposits in banks in the country are already deregulated in a sense, with the swipe system allowing them to convert the deposits to fixed deposit to enjoy the higher rates, said Pratip Chaudhuri, chairman, SBI.
SBI held its asset liability committee meeting on Thursday evening to finalise its rate hike move.
It is time India valued this relationship and paid more attention to the Land of the Thunder Dragon, says Nilova Roy Chaudhury.
For those who fail to make it to the famed IIMs or other premier management institutes, IIM-Calcutta has plans to offer quality online courses to more than 5,000 students in the coming years.
Engineering exports grew by 61 per cent to $38.80 billion during the April-December period this fiscal from $24.08 billion in the same period last year.
SBI sources said the other reason to clean up the balance sheet was to avoid any embarrassment at a later stage, when stressed assets would be thrown up by technology.
The long-awaited move to bring urea under the Nutrient-Based Subsidy (NBS) scheme is likely to be announced in the coming Union Budget, to be unveiled on February 28, even as the government would decontrol its prices gradually.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
Nicco Ucco Alliance Credit Ltd named P N Ramanathan managing director. He replaces M K Ray Chaudhury.
Cricket has been subsumed by the hyperbole surrounding the political summit. Whatever the result, one prime minister will be disappointed, and add to the emotional quotient of the contest, where victory and defeat will not be just a result but also a matter of national pride, says Nilova Roy Chaudhury.
MTN is a kind of bond note with a maturity period usually between 5 to 10 years continually offered through various brokers, rather than issued all at once like other bonds.
The deposit rates are up by one percentage points.
A new India-UK relationship would need to include an annual strategic dialogue, cooperation on counter terror and enlarging the role of the G-20, writes Rahul Roy-Chaudhury
But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.
As the Indian government basked in the afterglow of the visit, with even the principal opposition party, the BJP, praising the US President, it categorical states that there would be no quid pro quo from New Delhi in terms of a positional shift on issues like Iran or democracy in Myanmar, writes Nilova Roy Chaudhury
Manju Kapur's The Immigrant, Neel Mukherjee's A Life Apart and Amit Chaudhuri's The Immortals have been shortlisted for the prestigious award.
Insiders say some issues that demand immediate attention include improving asset quality and conservation of capital.
Spread over three acres, the project will house the new office of the Grid Corporation of Odisha Ltd, under the Odisha government's energy department.
Lieutenant General Harbakhsh Singh, GOC, Western Command, disobeyed the then army chief and took on a superior Pakistani armoured column. The Indian Centurion tanks outgunned the more modern Pakistani Patton tanks in the battle at Khem Karan, that proved the turning point of the 1965 War. Brigadier Gurmeet Kanwal (retd) salutes the Soldiers' General.
Sharp increase is a major departure from those during former chairman O P Bhatt's regime.
"For a bank like ours, it (hike in interest rate on savings deposits) does (augurs well)... (People are) keeping Rs 9.5 lakh crore at home in cash because of the low interest rate (on savings deposits). They are not comfortable in committing money in long-term deposit," SBI Chairman Pratip Chaudhuri told reporters after the post-policy meet with the RBI Governor.
The bank is in dialogue with the government and the proposed rights issue should happen this year, SBI chairman Pratip Chaudhuri said in New Delhi.
All that the children at Kolkata's CINI Asha shelter want is a real home, discovers Sandip Roy
Maoists on Friday killed five Forward Bloc workers at Jhalda in Purulia district on the suspicion that they were working as police informers. "Chapala Garai, Tapan Singh Sardar, Kinkar Singh, Rajesh Singh and Gopeswar Mahato were shot dead by armed Maoist cadres at Baghbinda village," said Superintendent of Police Sunil Kumar Chaudhuri.
The next chairman at the country's largest lender could enjoy a four-year tenure.
The killing on Saturday of Joginder Chaudhury, the assistant general manager of Allied Nippon, the auto parts maker, allegedly stoned to death by angry workers, was the culmination of a battle of nerves for the past two months in which, the workers say, they could take no more.
The new Council of Ministers has representation from almost all the states, except Andhra Pradesh and the north-eastern states of Nagaland, Manipur, Mizoram, Sikkim and Tripura.
Three youths who allegedly carried out the sensational honour killing of three of their relatives in Delhi on Sunday were on Thursday arrested at Garhmukteshwar area near Ghaziabad.Mandeep Nagar, 23, Ankit Chaudhury, 22, and Nakul Khari, 21 were arrested from Garhmukteshwar, nearly 90 kms from Delhi, and a country made pistol was recovered from them, Senior Superintendent of Police Raghubir Lal said, adding that they have also seized a car.
A village head says that after the IAF pilot landed on Pakistani soil he attempted to destroy documents in his possession.
Nilova Roy Chaudhury on what Independence Day means to her.
Glimpses of the final days of the 1965 War, as seen from the diary then defence minister Y B Chavan maintained during the war.
