'If credit is not available, people will postpone buying. That's what has happened.'
UTI MF will also launch six more schemes as part of its growth plans.
One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das.
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.
Krishnamoorthi, 43, won the Chicago-area US House of Representatives seat, the 8th Congressional District, vacated by Tammy Duckworth who won Illinois's US Senate seat.
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 Theatre-level Readiness and Operational Exercise was conducted to test combat readiness of the combined fleets of the Navy, the Air Force, the Army and the Coast Guard.
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.
"We are making serious attempts to rescue people marooned in flood waters based on inputs we get from various sources, including people," asserted a top Indian Air Force official overseeing the marathon operations by his force amidst allegations by some people that forces had not reached all the affected people.
With flood waters receding, the armed forces have stepped up its rescue operations in Jammu and Kashmir
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.
'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.
Both sides are fielding the same number of troops for the joint exercises, which will culminate on October.
This is Kim's first overseas visit since he took over power in 2011 after his father's death.
'The probability of another negative year in 2019 is low.'
North Korea on Wednesday test-fired a ballistic missile towards the Sea of Japan.
The Korean summit, laden with symbolism in everything from the choice of location to the mango mousse for dessert, could just be the first round in a continuing dialogue, says Dr Rajaram Panda.
Oman made a late comeback to defeat India 2-1 in the opening Group E match of the 2022 FIFA World Cup and the 2023 AFC Asian Cup Joint-Qualifiers at the Indira Gandhi Athletic Stadium in Guwahati, on Thursday.
'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.'
'Shaheen Bagh is no longer a mere ghetto of lower middle class Muslims.' 'Now, it is a metaphor for resistance, secularism and struggle,' notes Md. Zeeshan Ahmad.
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.
'COVID-19 comes in, we have our immune response, the immune response overtakes COVID-19 in no time, usually within a day.' 'Fortunately, the majority who get infected will also be in that first category , where there is no damage and the virus is completely overcome.'
The Indian Navy and the Coast Guard intercepted a boat off the Porbandar coast on Monday that came from Pakistan.
Finance Minister Arun Jaitley on Monday said state governments should emulate the concept of 'Gujarat International Finance Tec-City'
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 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".
Ajay Piramal bets highly on infrastructure, realty
Republican presidential front-runner Donald Trump again stirred up controversy after he retweeted words attributed to Italian dictator Benito Mussolini and then defended his action saying it was a "very good quote".
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
'Eeit ka jawab patthar se denge.' 'We will do whatever it takes to ensure that such a loss does not happen again.'
We present our alphabet of 2020, pulling in everything you'll remember about this year we'd rather forget.
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.
Unless companies press the pedal on implementation, further stock price gains might be limited, says Hamsini Karthik.
Responding to cyclone Hudhud, the armed forces have repositioned their resources to assist the civil administration to launch rescue and relief operations in the affected regions of Andhra Pradesh and Odisha.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
It was double bonanza for India at the Canada Open as B Sai Praneeth and Rio-bound men's doubles pair of Manu Attri and B Sumeeth Reddy clinched twin crowns after winning their respective title clash at the $ 55,000 Grand Prix badminton tournament, in Calgary, Canada.
Green bonds refer to bonds issued mainly by power companies to finance energy efficient projects
