Responding to what is widely felt by the political establishment in Europe to be the "destabilising" role played by credit ratings agencies in the ongoing euro zone crisis, the European Commission unveiled measures to curb their power.
RBI had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
'The prime minister's announcement of a nation-wide shutdown was eloquent, but should have been more clearly phrased to avoid police overreach.' 'Migrant labour should have been allowed adequate notice and transport options to get home,' notes Rahul Jacob.
'If the government spends Rs 10 lakh crore this year then you would be looking at a GDP growth of minus 5 per cent.' 'If you do not do this, you will be looking at GDP growth between minus nine and minus 10 per cent.'
The announcement by Standard & Poor's (S&P) on Wednesday to cut its outlook for India from stable to negative should cause no surprise, even though it comes barely five days after a similar exercise by Moody's, which had retained its outlook on India as stable.
India's stand at the FATF plenary and other related discussions have always been consistent regarding Pakistan.
Method will be part of this year's Economic Survey; will help investors in relative comparison.
The banks were selected through a comparison of the long-term credit ratings and total assets of the region's largest banks. Ratings from Moody's, Standard & Poor's and Fitch Ratings were used.
Government asks banks to furnish capital, ratings and NPA details.
Global Finance announced its 20th Annual Ranking of the World's 50 safest banks.
The overall breadth was extremely positive as 1,714 stocks advanced while 1,008 stocks declined
On the occasion of Women's Day, Vijay S Patil, 33, shares a beautiful story about his mother, who beat odds to educate her children.
Modi said a separate rating agency would help the economies of the member countries as well as other developing nations.
List of French Open women's singles champions
All the banks mentioned here have balance sheet size greater than Rs 50,000 crore (Rs 500 billion).
Meet Bhumika Arora, 29, who made the cut!
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
If want to look at the world's most beautiful places, scroll down now. The winners of the fifth International Landscape Photographer of the Year competition have been announced, with stunning shots documenting everything from magical mountains to glistening lakes and dark, forbidding forests. There were almost 3,000 entries from photographers around the globe, leaving the judges with a headache to whittle them down. Adam Gibbs from Canada has been revealed as the 'photographer of the year' (an award based on a folio submission of at least four images) with his hauntingly beautiful shots of woodland scenes around Vancouver Island. Here's a selection of the photos that caught the judges' eyes.
The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.
Get Ahead reader Daya Kudari lists out the highs and lows of Nokia Lumia 800. According to him this Nokia-Microsoft effort is a more than decent affair.
How stunning models turned up the temperatures at the VS annual show.
Small Factories Act, Industrial Relations Code likely to be redrafted under pressure from Bharatiya Mazdoor Sangh
An Indian-origin former analyst has been accused of providing confidential company information in the Raj Rajaratnam-led insider trading scheme, has been fined $34 million for his role in the scheme.
Aseem Chhabra picks 10 fascinating films he watched in Macao -- a blend of Asian, independent, Hollywood projects and even a 66-years-old classic Japanese film that still stands the test of time.
India's Test skipper Virat Kohli on Thursday welcomed new head coach Anil Kumble into the team saying he is looking forward towards work with the legendary leg-spinner.
The market breadth in BSE ended extremely firm with 2,137 shares advancing and 671 shares declining.
During a short halt at Tabriz airport in Iran on his way back home, Mukherjee gave Vrishti Beniwali a brief account of the summit, euro zone crisis and what it meant for India.
18-year-old Afghan sensation Rashid Khan can't wait to start his maiden stint in the Indian Premier League with Sunrisers Hyderabad, where he will be sharing the dressing room with his childhood hero Yuvraj Singh.
With the stock coming under pressure, the MF holding value could have dropped to Rs 50 billion, back-of-the-envelope calculations show.
Last year, the capital infusion budget was Rs 20,157 crore.
More than one-third of this amount (Rs 6,000 crore or Rs 60 billion) is likely to go to the country's largest lender, State Bank of India, while the demand for most other banks is less than Rs 1,000 crore (Rs 10 billion) each.
The naming of India's new coach deferred with the Board of Control for Cricket in India's Cricket Advisory Committee announcing on Monday that the decision will take place on a future date after discussions with captain Virat Kohli.
Seeking to downplay the impact of the downgrade by Moody's, the country's largest lender SBI on Wednesday admitted that the action will marginally increase medium term borrowing costs, and said it is a "reminder" to the government to urgently capitalise it.
Former captain Sunil Gavaskar feels his ex-teammate Ravi Shastri is the favourite to become the head coach of the Indian cricket team based on the team's impressive showing during his two-year tenure as the team director.
A look into 10 positive aspects of the Indian economy.
Bad loans are turning nightmarish for Indian banks.
Out of 200-odd countries, just 16 nations have the coveted triple-A rating.
The bank had earlier announced that it would double its medium term note borrowings to shore up the tier-II capital to $10 billion this fiscal.
The market breadth was negative. Out of 2,855 stocks traded on the BSE, there were 1086 advancing stocks as against 1,642 declines.
Indian origin spinner Arjun Nair has been named in Cricket Australia's 18-member National Performance Squad for the upcoming Quadrangular Winter 'A' Series, which will also feature India 'A', Australia 'A' and South Africa 'A', starting August 13.
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