The Reserve Bank Officers Cooperative Credit Society, which caters to the credit needs of RBI officers posted all over India, has a fixed deposit of Rs 105 crore in the bank on which the RBI has placed various curbs for six months following revelations of irregularities.
ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks.
Plan to lay off excess staff, trim salaries of top executives.
Since when have elections become rocket science that you need to hire highly-priced specialists?And even if in the age of social media every party needs to present its best face, is Prashant Kishor the only one with such expertise, especially when his record is mixed with more losses than election wins to his credit? asks Virendra Kapoor.
The Indian financial system's asset quality improved despite the pandemic, but it could be due to special dispensations by the regulator, and banks would likely see increased stress on their books once the schemes expire. According to the annual trend and progress report of the Reserve Bank of India (RBI) released on Tuesday, the data available for this financial year so far indicate that banks' bad debts have moderated while provision coverage ratios (PCRs), capital buffers as well as profitability indicators have improved relative to pre-pandemic levels.
In the past few years, banks have been reducing the spread of retail loans for new customers while keeping the base rate unchanged.
Don't let knotty financial issues weaken your marital bond. Heavy liabilities of one partner have the potential to sour a new relationship. So, develop a plan for how you will deal with these.
Nath said the silver bricks were bought from contributions made by members of the Congress. "We will send 11 silver bricks for the construction of a Ram temple in Ayodhya on the behalf of citizens of Madhya Pradesh," the former chief minister told reporters.
'Given the emerging trends, it may be time for India to embrace digital banking,' notes Pradipta Bagchi.
Sukanya Verma looks at the variety of daughter characters served by Bollywood on the big screen.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
Raised in Birmingham, Hockley held senior positions in the organising committee of the ICC Cricket World Cup in Australia in 2015 and 2012 London Olympics and Paralympic Games.
This is the lowest investment grade rating.
Justice Ramana said the body was required to be "created under a statute" clearly defining its powers, functions, and duties.
Private banks and start-ups offer instant loans on apps as well as through ATMs.
Credit Vidya helps lenders assess credit and fraud risk for thin-file and new-to-credit customers.
What we have in the Congress is a useful glue to hold a non-cultural, unified Opposition together. That is the sacrifice the Congress must be willing to live with if showing the BJP the door is what the collective Opposition wants, observes Shyam G Menon.
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
Though the NDA government had been trying to privatise 20 companies, a decision for which was taken in 2017, and included national carrier Air India, the investor community evinced little enthusiasm for any of them. Now, with an in-principle approval for privatisation of BPCL, CCI and SCI, the government has taken the plunge again.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
You get a 45-day repayment window and reward points. But inability to pay back on time can be a problem.
Puri gave up the comforts of Citibank to set up a new-age bank from a rat-infested room in the Kamala Mills Compound in Worli, Mumbai and build a marquee brand. A look at his 26-year stint as HDFC Bank's boss.
Shifting to floating rate deposits can work as an anaesthetic gel for some customers, points out Tamal Bandyopadhyay.
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
The image was liked by 1.1 million users on Kendall Jennar's account.
MMFs are a good option for the current environment, observes Sarbajeet K Sen.
We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth, explains Tamal Bandyopadhyay.
The venture, they said, would focus on technology and media opportunities in emerging markets. Industry sources said the focus would be on digital media, with India being the big driver.
'If Mayawati had performed better, then the BJP would have had a much tougher time to win UP.' 'The present gap in number of seats between the BJP and SP would have got reduced.'
But says govt finances the weakest aspect of the country's macroeconomic profile.
Without doubt, the BJP is miles ahead in marshalling digital tools for electioneering better than any other party, observes Virendra Kapoor.
CIBIL has started providing individuals with their credit information reports. Here's why it makes sense for you to know what it's all about.
Heed your liquidity needs before investing in an FMP.
'It has taken us 15 years to get to where we are. It obviously doesn't happen overnight.'
The RBI had on August 7 announced a five-member expert panel under former ICICI Bank chairman Kamath to make recommendations on the required financial parameters for recasting corporate loans.
The dispute arose after Nissan alleged that Tamil Nadu hadn't paid certain incentives under a 2008 agreement to set up a car plant at Oragadam, near Chennai.
As infrastructure, power hardly deal in cash, its paucity has failed to affect their receivables
Digitisation is changing the banking business. This shift has resulted in a change in banking job profiles.
HR Guru Mayank Rautela offers practical advice.
CIBIL's new scoring system to rate borrowers keeping in mind the current trends and changes in the consumer profiles and credit data
