Kerala floods take a toll on small businesses, NBFCs brace for losses
The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel.
The BSE Midcap index has declined 5.7% thus far in May 2018. In comparison, the S&P BSE Small-cap index has lost 5.6%
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
Through the newly created business vertical Happinest, MLDL will launch two such housing projects in Boisar near Mumbai and Avadi in Chennai.
No reason was cited for rescheduling of the meeting.
Buying had been muted in the past few weeks.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
White labeled ATMs are set up by private non-bank companies that own and operate their own brand of ATMs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The facility has been branded 'Indicash'. Last month, TCPS secured a licence from the Reserve Bank of India to launch white-label ATM operations, under the central bank's scheme 'B'.
'For the first couple of years, it is about building the league.' 'We are positive that the quality of matches will attract eyeballs.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
In 2014, gold prices had fluctuated between Rs 27,000 and 30,000/10g.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
The QIP route was a big hit.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
At present, it is trading at around $1,004 an ounce in the international market, about $150 cheaper than gold
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
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Markets ended flat on Tuesday, amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet starting today and Reserve Bank of India's monetary policy later this week.
The superstar's much-awaited film Kabali is set to release on July 22.
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.
The RBI has agreed to consider the application of India Post in consultation with the government.
Can the poll outcome be a trigger for a meaningful correction?
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Reliance, Birla Group, Airtel eye small finance banks.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
The scrutiny is expected to be over this month itself.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
DFS writes to departments that haven't responded to RBI's request for information.
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The RBI has accepted the application withdrawal request, according to the statement.
Gold prices fell to a 5-year low of less than $1,100/ounce.
Big bull's holdings cross Rs 7,200 crore (Rs 72 billion).
Licence winners are expected to be announced by the first quarter of 2014.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
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