Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
His comments came in response to a query on whether Securities and Exchange Board of India would be initiating action against MCX-SX which rejigged its board yesterday amid continuing payment crisis at its group firm National Spot Exchange Ltd.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
Move to strengthen market share and become more profitable.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
If your are hassled with too many EMIs, bring them all under one umbrella and pay a single amount
SBI, LIC and HDFC, have showed double digit growth.
Chief Minister Edappadi K Palaniswami and Deputy Chief Minister O Panneerselvam led the strike against the Centre.
Banks will introduce hybrid home loans with stiff penalty on prepayment and shifting.
PMAY-Gramin, which was launched in November 2016, aims to construct 10 million homes by March 31, 2019, with private sector and state government participation
Sensex ends in green, bluechips in spotlight.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
Macro and micro environment are becoming more challenging.
The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.
'Around 15 crore poor people have lost their money.'
Licence winners are expected to be announced by the first quarter of 2014.
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.
The scrutiny is expected to be over this month itself.
Paroma Chatterjee has done over 800 gigs, performed at many big clubs in India and abroad and won acclaim for her skill.
Inteview with Senior vice-president (equity research), Anand Rathi
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
The RBI has agreed to consider the application of India Post in consultation with the government.
All payments made via debit and credit cards, net banking and mobile wallets will be entitled to discounts.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
Given the high cost of treating cancer and the reasonable premium rates at which these plans are available, one should opt for a cover at the earliest.
A summary of sports events and persons who made news on Thursday.
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The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
The Prime Minister's Office has suggested that EPFO should deploy 15 per cent of its funds as loan for low cost housing saying it would generate a credit flow of Rs 70,000 crore (Rs 700 billion).
Sensex, Nifty put up a good show in closing trade.
Raising concern about over-dependence of Indian capital markets on foreign institutional investors, eminent banker Deepak Parekh has said that something needs to be done to change this pattern.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
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The RBI has accepted the application withdrawal request, according to the statement.
Joydeep Ghosh takes stock of personal finances after the life-altering surprises of 2016.
The organisers have become savvier about marketing the game.
As per the election affidavit of Dr Harsh Vardhan of the Bharatiya Janata Party, which is listed on the Election Commission of India website, a first information report (number 519/2013, in Madhu Vihar police station) has been filed against him under Sections 34, 323, 509 and 506 of the Indian Penal Code.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
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