We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth, explains Tamal Bandyopadhyay.
At 37, Annamalai Kuppusamy, is the youngest president Tamil Nadu BJP ever had and he is the first to rise to the position in the state unit within a year of joining the party.
It is a sea of men clad in veshtis with distinctive party colour border design seeking votes with a smile and folded hands for their party candidates. The town is abuzz, with electioneering at its peak, and teeming trendy cars criss-cross the busy roads and bylanes bringing in more and more leaders from elsewhere for campaign.
A sum of Rs two crore was on Wednesday seized from the residence and other premises of a Dravida Munnetra Kazhagam candidate and his son at Karur, a senior electoral officer said.
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
Titan, NCC, Delta Corp, Karur Vysya Bank, Aptech, and Jubilant Life Sciences are among stocks in Jhunjhunwala's portfolio that have taken a severe hit, falling more than 50 per cent during the period.
Taking to Twitter, Jothimani said, 'Today I wrote to Hon Minister for AYUSH @shripadynaik regarding the insult meted out to our Tamil Nadu doctors by the AYUSH Secy for not knowing Hindi.'
The India Meteorological Department said the deep depression over the Gulf of Mannar close to Ramanathapuram district's coast remained practically stationary for 18 hours and then weakened into a depression.
Private sector lenders have been communicating to their customers about their strong capital positions but it has not put depositors at ease.
In Tamil Nadu, Chief Minister Edappadi K Palaniswami announced new relaxations such as resumption of intra-district transportation in 25 districts after a hiatus of nearly two months. Maharashtra Chief Secretary Ajoy Mehta has issued an order notifying extension of the lockdown, an official said.
New GST rates are between 5-18% on sectoral products
Sabare International, a Karur-based home furnishings company, has taken ICICI Bank to court over a foreign exchange derivative contract. The company has requested the Karur civil court to declare the contract void. This is the second company to have gone into a legal dispute with ICICI Bank after the Chennai-based Sundaram Multi Pap, which had alleged "mis-selling of certain foreign exchange derivative contracts for speculative purposes".
"The Reserve Bank of India... has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls," Yes Bank said in a regulatory filing.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The FIR was filed for alleged irregularities in construction of a bridge that collapsed during heavy rains in November in Karur district.\n
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Congress leader Rahul Gandhi on Monday accused Prime Minister Narendra Modi is the 'person through which' prior information on India's air strikes in Balakot in Pakistan in 2019 was made available to Republic TV editor-in-chief Arnab Goswami.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'Any person who wants to enter this service should have a single object of serving the public irrespective of hindrances.'
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
A bench of Justice N Kirubakaran, since retired, and Justice B Pugalendhi, in a recent order also said that in our country 'it is made to believe that Sanskrit alone is Gods' language'.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities.
The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
Currently, the investor and his family's net worth in listed firms stands at Rs 8,517 crore, compared to Rs 8,388 crore as of March 31, 2020.
The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
Executives are dusting down the musty corner offices at private banks and spearheading a quiet revolution in the way they function.
With the addition of the seven banks - South Indian Bank, Karur Vysya, State Bank of Hyderabad, State Bank of Bikaner, State Bank of Travancore, State Bank of Mysore, and Punjab and Sind Bank - the number of banks allowed to import the precious metals now stands at 30.
The size of the Indian financial services market could touch around $340 billion in the next few years.
Flight services were disrupted in Karnataka while in Tamil Nadu, heavy rains battered Karur, Ariyalur, Perambalur, Thanjavur, Tiruvarur and coastal Pudukkottai and Nagapattinam districts.
Sounding a statewide alert, the Tamil Nadu police on Monday detained 96 persons and stepped up search operations across the state following the theft of 17,100 detonators used for quarrying purposes, from a private godown at Karur near Tiruchirappalli. "We are serious about the theft and are probing the matter. We have already detained 96 persons in connection with the matter," DGP K P Jain said.
30-year-old Krishnamurthy, founder, Honey Kart, quit his job as a technical programmer at Wipro, and borrowed money from friends to become a beekeeper. Today he is not only debt-free but also processes 500 kilograms of honey every month that sells for Rs 716 per kg.
Anil Dhirubhai Ambani Group company Reliance Energy Ltd on Thursday announced it has bagged three road projects valued at Rs 2,320 crore (Rs 23.2 billion) from National Highways Authority of India.
A portion of the 15-foot tall private compound wall, totally wet due to heavy rains lashing the area for the past few days, fell on the adjoining tiled-roof houses in Nadur village.
Rediff readers tell us how they spent their first salaries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Protests were held across Tamil Nadu with raising of slogans-- "Vendum Vendum Kudineer Vendum" (we want water) and "Edappadi Arasai Kandikirom" (we condemn chief minister Edappadi K Palaniswamy's government).
About 40 bull tamers were injured, they said.
The rain claimed the life of a eight-year-old girl, who was crushed to death when a portion of her hut collapsed early on Tuesday.
In separate letters to the two banks, located at Mylapore area, he said that under the relevant party laws, he continued to be the AIADMK treasurer.
