A vast majority of borrowers are in the essential services' supply chain with tiny and micro businesses, and this has sprung back.
At the time of filling the KYC (Know Your Customer) documents (when joining), do not sign wherever you are asked to. In particular, look closely at the power of attorney (PoA) section, experts tell Sanjay Kumar Singh
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
'China is concerned about its impact within Tibet.'
'Appellants may not lap up the scheme because, first, to do so would amount to admission of guilt, and second, they may have smelled victory before higher appellate forums,' notes S Murlidharan.
The TicWatch C2 from a Chinese wearable maker Mobvoi is now officially available in India through its website and online retail partner Amazon.
The Centre's proposal to call for governance reform in the RBI could, however, take a back seat, a source privy to the development said.
As it completed an eventful 100 days in office, the Aam Aadmi Party government on Sunday mounted a blistering attack on Modi dispensation accusing it of making a "U-turn" on granting full statehood to Delhi and indicated tabling a resolution to reject the "unconstitutional" notification giving absolute powers to the Lt Governor.
Supply chain workers called the strike over a pay dispute.
'The Modi government needs some big private sector trophies to affirm its anti-corruption credentials before the polls.' 'So on whose neck will the sword fall next?' 'To that extent, the outing of the ICICI Bank-Videocon story is cathartic,' says Shekhar Gupta.
The transformational reforms like GST, Bankruptcy Code and recapitalisation of banks, Black Money Act, demonetisation, flexible inflation targeting and adoption of fiscal discipline (FRBMA), etc, have temporarily and purposefully pulled us back only to propel us forward with greater velocity, Rajiv Memani.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
Vodafone's long-pending tax dispute with the government might be heading for a resolution, with the finance ministry considering changing the Income-Tax Act's retrospective amendment and taxing indirect transfer of assets prospectively from 2012, the year the law was clarified.
The DoT is wrongly asking subscribers to link their mobile numbers to Aadhaar in order to keep them active, says Gopal Krishna.
A glance back at some important events that occurred in 2018.
FinMin finally sacked executive directors K V Brahmaji Rao and Sanjiv Sharan on January 18. The bank's board, however, had felt they had no criminal intent and it was a case of 'casual oversight'
'If, as appears to be the case, India is on way to 'mending fences' with China, and China is equally desirous to 'reset' the relationship, this could be a self-reflexive moment in India's positioning vis-a-vis not just the Dalai Lama, but also the Tibetan issue and China as a whole,' points out China expert Alka Acharya.
'In plain simple English, these practices amount to a looting of our country's future by some in the business community, in cahoots with some lenders,' says RBI Governor Dr Urjit R Patel.
The comments come at a time when the Supreme Court-constituted Special Investigation Team has detected funds worth about Rs 4,479 crore (Rs 44.79 billion) held by Indians in a Swiss branch of HSBC bank, while unaccounted wealth totalling Rs 14,958 crore (Rs 149.58 billion) have been traced within home.
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
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After setting up a committee under N Rangachary last year to look at taxation issues regarding the sector, the government has issued several notifications in the last eight months.
The Mini Cooper D in its latest iteration gets plenty of changes including a diesel engine.
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
A sneak peek into the LG G Flex 2; Watch out, Samsung and Apple, says Shruti Puri
Axis Bank Managing Director & Chief Executive Officer Shikha Sharma on the new mechanism for non-performing loans, the bank's loan portfolio, industry outlook and the bank's future plans.
Gorgeous galaxies and stunning stars make up this selection of pictures from the shortlisted entries for this year's Insight Astronomy Photographer of the Year competition.
Huawei latest Mate series looks all set to take on Apple and Samsung, says Ashish Narsale.
With both the Nexus phones touted to be the first to carry Android's Marshmallow edition, the latest offerings from Google seem tempting, but surely, gone are the days of cheap Nexus phones, says Himanshu Juneja
Check out how Google's flagship phablet, the Nexus 6, will take on Apple and Samsung
'The army has stopped short of exerting the sort of influence it may have done historically.' 'It is comfortable with its relations with the civilian government as the superior partner.'
The Rashtriya Swayamsevak Sangh perceives the forthcoming Lok Sabha elections to be a fight for its own existence and all that it stands for. Archis Mohan reports
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
After the United Nations declared June 21 as the International Yoga Day in December last year at India's request, the officers in the Ministry of Ayush began ideating about how to celebrate it in the country.
Digvijaya Singh, the Congress veteran who is one of its general secretaries, talks about his inability, despite years of urging, to get party vice-president and supposed heir, Rahul Gandhi, to communicate more directly. And, on related matters of generational change.
A red fox in a derelict schoolroom, a Bengal Tiger in the forests of Bhutan and walruses are just a few of animals featured in the photos shortlisted for this year's Wildlife Photographer of the Year. While we wait for the results to be announced, here are some of the contenders in the contest.
Planning to buy the Nexus 6P? Read this first
And then decide if you have to buy it...
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
Himanshu Juneja reviews the best phone yet from Google
The storm over the suicide of a Dalit student in Hyderabad University intensified on Thursday.
