HDFC Bank, the country's second-largest private sector bank, has cut its base rate by 15 basis points (bps) to 9.70 per cent.
'A 180-days period -- for insolvency resolution -- is aggressive, but by no means inadequate.'
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The challenges before the government, he said, is to put public sector banks back on track and continue to operationalise stalled infrastructure projects
Mallya remains elusive to India as the United Kingdom informed the government that they cannot comply with their request to deport him
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
Financial shares were the top losers.
UB Group Chairman Vijay Mallya is no longer a member of India's 100 Richest club, even as fortunes of the country's uber-rich have seen a significant growth since last year.
The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines.
ED's zonal office in Mumbai, they said, is preparing legal papers to take the next step in the wake of Mallya skipping the third summons that required him to "personally" join investigations on April 9.
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
It will be headed by Secretary, Department of Financial Services.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
The consortium led by SBI has also initiated the process of recovery.
With the incessant rains halting the city's lifeline local trains, many office-goers on Friday bicycled to work, calling it the best alternative to reach their destinations in time.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Bad debt rules are steps in right direction.
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
Here's how brokerages across the country are interpreting the exit polls.
SBI announced a 0.40 per cent cut in lending rate to 9.30 per cent, which is the most competitive in the market at present.
Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65
Rajiv Raj tells you about some easy financing options to deck up your home
Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.
Making purchases on your credit card can turn out to be a better idea. Here's why.
In similarly-worded notices of attachment dated October 17, Sebi asked 11 banks, including ICICI Bank, Bank of Baroda, HDFC Bank, IDBI Bank, Indian Overseas Bank and Standard Chartered Bank, to attach the accounts of the three individuals.
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
The rupee will largely remain stable but with a mild depreciating bias in the next one year
Following are certain important things that lenders consider while processing loans to self-employed...
Mallya, who is mired in a huge controversy for leaving India on March 2 in the middle of a massive loan default probe, was quoted as having said in an email interview to the Sunday Guardian published on March 13 that time was not 'right' to return to the country.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
Mixed global cues and decline in crude oil prices further dent the sentiments.
market rally, especially in mid-caps, has also been driven by a pick-up in the monsoon and the government's resolve to get the goods and services tax (GST) Bill cleared in the recent session of Parliament.
RBI's surprise rate cut has revived sentiments of India Inc.
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