'The confidence and the kind of cricket India has played in the recent past will be a big factor.'
Seed and early-stage start-ups are high-risk businesses, rarely have collateral and only 1 in 10 of them makes it to becoming a viable company.
Public sector banks, including the country's largest lender State Bank of India (SBI), have come out with a templated approach for restructuring retail and small business loans of up to Rs 25 crore under the Reserve Bank of India's (RBI) Covid restructuring package 2.0. They have also come out with standardised products to make funds available to business entities for improving healthcare infrastructure and to individuals for meeting Covid treatment expenses. Business loans have been divided into three categories.
'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.
The All India Bank Officers' Confederation has condemned the purported "unsavoury attack" on SBI chairman Rajnish Kumar by Finance Minister Nirmala Sitharaman during a banking event last month in Guwahati. The association claimed that an audio clip has gone viral on social media that revealed the finance minister coming down heavily on the SBI chief, accusing him of poor credit uptick, during an outreach programme in late February.
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
'When I meet Raj and DK next, I will force them to tell me!'
RBI had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
While players like Paytm, MobiKwik, and PhonePe allow you to buy gold for Rs 1, Amazon Pay has kept the minimum amount at Rs 5. Digital gold is essentially an avenue for investing in physical gold.
B R Chopra was a reformist film-maker, way ahead of his times, says Subhash K Jha.
But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.
'There was no other Lata Mangeshkar, there is none and there won't be any. I will celebrate her life, today and always.'
Senior officials in the MF industry say while the finance ministry and regulators communicate regularly, this is one of the very few instances in many years where an issue between the two has come out into the open.
Mumbai, Bengaluru, and Kochi airports have hiked their landing charges by up to 45 per cent, increasing the operating cost for airlines at a time they are facing financial constraints because of the two months of grounding and weak demand.
'He will keep saying that I won't do it, but he still comes and does it; that's part of who he is.' 'He is certainly a prankster.'
As their non-performing assets have risen sharply even as loans have remained stagnant, RBI steps in with stringent loan-management measures.
'It says, we are not just an overseas player -- we are Kia India and here for good'
Most of the jewellers who had reopened their showrooms in confusion on Monday, kept shutters down today at Mumbai's Zaveri Bazar and several other places, demanding rollback of the proposal.
'As socialism and secularism were the pivot of politics between 1952-80 and 1980-2010 respectively, Hindutva has now come to acquire the same dominance'
Who will walk away into the sunset at the end? The reigning superstar who has given three mega blockbusters in 2005, 2010 and 2015? Or the fresh faced son of a former star trying to make a mark for himself, asks Asmita Bihari.
The diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.
For quite some time, there was speculation that actor-politician Kamal Haasan-led Makkal Needhi Maiam and the DMK would sign up with the strategist for the 2021 assembly polls.
The refurbished Sardar Patel Stadium in Motera is now renamed Narendra Modi Stadium.
A summary of sports events and persons who made news on Friday
Record-busting shoes loom large in marathon debate
Kings XI Punjab co-owner Ness Wadia on Friday advocated daily testing of players during the IPL and predicted that the upcoming 13th edition of the T20 league in the UAE will be the most watched in the tournament's history.
At the end of May, out of 26,500 outlets about 60 per cent showrooms and 80 per cent workshops were operational across the country.
The 'DPD' indicates how many days a payment on a respective account has been delayed. Simply put, it's trouble for the borrower
Vikram Kothari took a loan of Rs 485 crore from Mumbai-based Union Bank of India and a loan of Rs 352 crore from Kolkata-based Allahabad Bank. A year later, Kothari has reportedly not paid back either the interest or the loan.
The transcript of the Milkha Singh Rediff Chat.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
Can't get over Deepika Padukone and Ranveer Singh's effortless style? The credit goes to this bunch of talented people.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
Inarguably the biggest gainer in the Grand Alliance, the CPI-ML, often working in the margins of mainstream politics, had 19 candidates in the fray, most of them students and youth leaders.
Remembering an incomparable actor by re-visiting his finest films.
A round-up of results from the Ranji Trophy matches played on Sunday.
Protesting farmers owing allegiance to different farmers' bodies blocked state and national highways at several places on Saturday, causing inconvenience to commuters.
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