India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Among the stocks that have seen the largest cut by MFs, the DVR shares (shares with differential voting rights) of Tata Motors have seen a cut of 243 basis points (bps) in MFs' stake.
Dy Governor notes it's an era of job changes for better.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
Most investors find it very hard to understand when markets have over-extended themselves and look for data points to understand when a correction is due.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
India Inc has few leaders who are likely to grab headlines in 2015.
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
'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.'
Control over PSU banks is what is allowing the government to drive this scheme.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
Medha is an organisation created with the idea of bringing in better employment opportunities and life for educated youth.
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
Budget in the medium term aims to kick-start the investment cycle.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
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