FIPB had taken up these three proposals in its meeting in August, but the decision on them was kept in abeyance.
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.
The highest cap for the capacity would be 2 GW and can be set up in tranches at whatever location the project developer deems fit.
UTI MF will also launch six more schemes as part of its growth plans.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
Twenty-three of the 31 stocks in his publicly disclosed portfolio consist small-cap stocks. jhunjhunwala's portfolio rose 15.2% in Q3.
Almost 40 per cent of a durable company's sales are achieved during the festival season
At least a 25 basis points hike can be expected on the October 5 policy
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
An NBFC must actively manage its collateral positions, differentiating between encumbered and unencumbered assets, and monitor such assets so that they can be mobilised in a timely manner, central bank says in circular.
The airline had renewed its insurance on Oct 1 for nearly $29 million to cover its 132 aircraft.
Nearly three-fourths of the debt money, as of April 30, 2019, was invested in securities with duration of less than three years.
Pakistan on Wednesday arrested Jaish-e-Mohammad chief Maulana Masood Azhar, his brother and "several individuals" belonging to his dreaded outfit, which is suspected to have engineered the Pathankot terror attack, and sealed its offices after India demanded action, linking it to the fate of Foreign Secretary-level talks.
Although there has been no official word so far, it is unlikely that Foreign Secretary S Jaishankar would travel to Islamabd as planned this Thursday for talks with his Pakistani counterpart for the comprehensive bilateral dialogue.
General Singh assured the nation that the Indian Army is highly motivated and ready to respond to any threats to national security.
'The people let off by the NBFCs have little bargaining power and willingly settle for a 20% to 25% cut in their existing salaries when hunting for new jobs.'
'If credit is not available, people will postpone buying. That's what has happened.'
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das
The bank, which has suffered reverses following a massive spike in dud assets and also the dismissal of its chief executive Chanda Kochhar over governance issues, however, hinted that the worse is behind.
V Vaidyanathan, former executive director at ICICI Bank who turned entrepreneur to run Capital First, an NBFC that caters to smaller businesses, tells Pavan Lall in an exclusive interview that his new entity post the merger of Capital First and IDFC Bank which will be called IDFC First will launch by January and cater to a new India with value services.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'The probability of another negative year in 2019 is low.'
The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore (Rs 16.47 billion), while deferring Punj Lloyd's proposals for lack of security clearance.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
Finance Minister Arun Jaitley on Monday said state governments should emulate the concept of 'Gujarat International Finance Tec-City'
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
Ajay Piramal bets highly on infrastructure, realty
India on Friday made it clear to Pakistan that it should not go ahead with the meeting of its NSA Sartaz Aziz with Hurriyat representatives in New Delhi when he comes to hold talks with his Indian counterpart Ajit Doval, saying it will not be "appropriate".
If net forex outflows turn out to be relatively high in the next few years, the rupee could depreciate beyond Rs 80 to a dollar by 2022. The causal reasons could, for example, include unmet expectations of FPI and FDI investors about the performance of the Indian economy, sharp rise in prices of imported oil and decrease in FX remittances. The RBI has to ask itself whether guaranteeing future rupee-dollar exchange rates on FX forward contracts is a reasonable way to use its risk-bearing capacity, says Jaimini Bhagwati.
Arundhati Bhattacharya, the chairperson of country's largest bank SBI, has been named as the most-powerful woman in business in India by Fortune magazine.
The bitter war between the Congress and the Bharatiya Janata Party over the Rafale deal on Tuesday saw more name-calling with the opposition party dubbing Finance Minister Arun Jaitley as a "babble blogger" and dismissing his "clown prince out-clowning himself" barb at Rahul Gandhi as "hollow rants of a court jester".
