Private lenders have also been expanding their branch and automate teller machine networks aggressively.
Poor rain threatens recovery in production this season, sugar prices at three-month high
India is currently under the 21-day lockdown since March 25, with only essential services exempted to contain the fast-spreading virus.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
With equity and commodity exchanges allowed to enter each other's areas from October, brokerages are pump-priming their businesses to allow their clients seamless trading in commodities and equities.
The time-bound nature of the bankruptcy code, envisaging resolution within 180 to 270 days, would put enormous pressure on the existing judicial infrastructure.
Of the 170 million rural households in the country, a government website claims to have connected 82 per cent of them. The metered households are 50 per cent of the total. As on February, 2018, of the 780,000 villages to be intensively electrified or provide connection to all in households, 493,000 have been covered. However, the amount and quality of the power supply cannot be ascertained from this data. No clause in any of the rural electrification programmes promises 24 hours' power supply.
The Indian basket represents the price of Oman and Dubai sour grade crude.
With weekly additions slowing, it's likely that demand could be slackening
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
Infrastructure, stricter implementation boost commercial vehicle sales
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Though Indian banks don't have large exposure to subprime mortgages, analysts are worried at the rise in their restructured loan portfolios and deterioration in credit quality.
Large pharmaceutical firms feel that if the quality parameters and assurance levels are brought up to the level of branded generics, then Jan Aushadhi medicines would find it difficult to retain their affordability.
Indian basket at 6-month low of $49.11 a bbl
Tata Motors was the top gainer on better-than-expected June quarter revenues
Electricity generation has outperformed the industrial production index for five months in a row this financial year, even as the broader economy is struggling to grow.
Bad debt rules are steps in right direction.
'GST will bring in much needed transparency and higher investments in the coming years and we hope that a few percentage points to India's GDP.'
The NPA of the public sector banks rose to 6.03% as of June 2015.
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
Export growth picked up mainly owing to rising global crude prices, which pushed up processed petroleum exports by nearly 40 per cent, apart from a broad-based improvement in exports of major foreign exchange earners such as engineering goods and gems and jewellery.
Rural slowdown may delay growth in the economy.
This is the lowest investment grade rating.
Power generation and distribution is the most indebted sector
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Mixed global cues and decline in crude oil prices further dent the sentiments.
The meeting will focus on how to make the crisis an opportunity for India.
'There are a lot of positive things these reforms are bringing about and it is only a matter of some quarters before the growth rate picks up momentum.' 'Until then we need to be a little bit patient.'
Mumbai Monorail was to be built in two phases - Phase I of 8.93 km and Phase II of 11.20 km. The first phase ran operations for around three years before services were abruptly halted, owing to a fire incident last year. The second phase now stands completed, but is lying closed.
The cut-off date the RBI chose was March 1, 2018. This meant that by the end of August if these accounts were not resolved, then they would have to proceed through insolvency.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling.'
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
Your money is protected by the Deposit Insurance and Credit Guarantee Corporation.
Most analysts expect the note ban to sharply hit GVA growth in Q3 and Q4, and the central bank's stance is being called into question.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
Nearly 240 projects were under various stages of implementation.
Deflation masked the rise in food inflation to a 5-month high.
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