Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
In a nation divided by many things, the 12-digit unique identity number is holding lives to ransom.
The amount would depend on the time period that would elapse from the start to when capacity reaches 1.5 million cars
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Harassment, corruption and the burden of compound interest for years are also the reasons.
While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws isn't a concern, advises Bindisha Sarang.
Buying a used vehicle is a lot more complicated. Not only do you have to worry about its condition, you also have to think about whether the price you are offering is anywhere close to its true value, reveals Sanjay Kumar Singh.
NDA government has shunned populism.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
In his press conference on Wednesday, Trump targeted drug-makers and vowed to bring back production in the US.
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Tata Sons, India's biggest business group, and firms controlled by billionaires Anil Ambani and Kumar Mangalam Birla are among the 26 companies that have applied for licences to open banks.
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
Banks are clear that lending rates are not going to fall further, say Hamsini Karthik and Anup Roy.
According to latest data, FIIs have made a net investment of Rs 2,132 crore (Rs 21.32 billion) in the stock markets in December.
A new generation of scholars -- this time, sociologists and anthropologists, who hitherto have been busy with researching social practices of primitive tribes and social structures like India's caste system -- are starting to cast their eyes on the financial sector.
Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".
A coalition of over 150 US-based academicians back Prime Minister Narendra Modi's visit to Silicon Valley next week and counter refute 130 US-based South Asian academics who oppose the Modi visit and his Digital India initiative.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
The issue is likely to be discussed on Thursday at a meeting of Sebi's board, which would also be apprised of the impact of the Finance Ministry's decision for not agreeing to such a proposal from the capital markets regulator, sources said.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
The lower yield is better for property landlords as it indicates an appreciation in the capital value of the property, says Raghavendra Kamath.
India has made a remarkable journey from a top-down system of economic decision-making to one that unleashed our entrepreneurial spirits but the next big jump lies in enhancing the quality of our tale.
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
If new goals have emerged, this is the time to make fresh investments.
Asset managers are betting big on ETFs these days.
Hena Mehta will answer Your Questions on personal finance on a weekly basis. Please mail your questions to getahead@rediff.co.in with the subject line 'Personal Finance Query' along with your name and Hena will offer his helpful advice.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
'Don't panic. Believe in yourself.' 'This is a preventable illness. Only you can prevent it.'
According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, India, Pakistan and Bangladesh.
'We are dealing with a size of the world that equaled England and France combined. We are talking about 250 years of history.' Sultans of Deccan India, 1500-1700: Opulence and Fantasy -- a first of its kind exhibition anywhere in the world -- opened at the Met, April 20. Aseem Chhabra spoke to Navina Haykel, the curator of the show.
Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, tells Puneet Wadhwa that with Moody's upgrading India's sovereign rating and earnings growth coming back, the country will remain a hot destination for foreign investors.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
'The biggest lacuna in this agreement is it is called 'full civil nuclear cooperation agreement.' Actually, it is anything but full.'
Budget in the medium term aims to kick-start the investment cycle.
