Bengaluru resident Krishnan H tells us about a State Bank of India ATM counter where most of the machines are dysfunctional.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
The company will finalise the final pricing for allotment of shares later.
Raising the issue during Zero Hour, he said SBI has signed an MoU pledging one of the single largest loans to a corporate house despite five international banks refusing to lend to the Adani project.
There was net outflow of $7.2 billion from the Indian market in June of which $5.4 billion was from debt market triggered by global risk aversion and currency weakness, Deutsche Bank India Equity Strategy report said.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
The central bank had revised its inflation forecast significantly downward in the last policy
While money is among the key reasons why employees move to a new company, a strong company culture can also attract employees.
Asian Games bronze medallist Pooja Rani (75kg) entered the pre-quarter-finals in the AIBA World Women's Boxing Championships with a hard-fought victory over Ukraine's Mariya Borutsa, in Astana, on Friday.
The government is selling over 41.22 crore shares or 5 per cent stake in NTPC.
RJio is targeting the existing base of high-value customers.
After two years of growth in the 4 per cent to 5 per cent range, the gross domestic product is expected to increase more robustly in 2015, growing to an expected 6.4 per cent.
Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.
Nearly 150 companies visited the campus this year.
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.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
Robust growth in indirect tax receipts points to a nascent revival in manufacturing sector.
Oil subsidies to fall 44% in FY15.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
Infosys co-founders N R Narayana Murthy and Nandan Nilekani along with their family members on Monday sold shares worth Rs 6,484 crore in the country's second largest software services firm.
Brent crude prices fell to $57 a barrel on Monday from $62 a barrel.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
The IOC stake sale will, however, dwarf in front of Rs 22,557 crore or Rs 225.57 billion that the government raised through a stake sale in Coal India Ltd last year.
Valued at $71.2 billion, the bank's market capitalisation is more than that of global banks like Barclays, JP Morgan Chase and Credit Suisse.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
43 months after Modi's election promise that his government would create 10 million jobs, the reality does not paint a pretty picture, warns Shyamal Majumdar.
Bank of Baroda has relatively better position on impaired assets.
Continued outflows amid moderation of domestic investments are a concern
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Goldman Sachs downgraded its rating on Indian stocks to 'underweight'.
Capital infusion of $30 bn over two years needed amid high dividend payouts and impairment ratios.
These include Goldman Sachs, HSBC, UBS, Deutsche Bank, Barclays, RBS, Citigroup and JP Morgan and they have said in their respective regulatory filings that they are cooperating with the relevant authorities in the investigations.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
Sebi's new FPI regulation has helped attract new capital pool, up registrations.
Credit Suisse said $5.6 may work for Reliance Industries' R-Series gas field in the KG-D6 block but the economics for its satellite fields and NEC-25 block are uncertain.
