Raju, the prime accused in the accounting scam in the IT firm, made his fifth appearance in the XXI Additional Chief Metropolitan Magistrate court, after he got bail from the Andhra Pradesh high court.
Analysts believe there could be some pressure on banks' margins in the interim.
A day after ending his hunger strike, Telugu Desam Party president N Chandrababu Naidu was on Saturday discharged from Nizam's Institute of Medical Sciences in Hyderabad. The former chief minister ended his fast, launched to demand higher compensation for the farmers affected by natural calamities in the state, on Friday evening after eight days. Naidu was shifted to NIMS amidst high drama on early December 20, the fourth day of his hunger strike.
The condition of Telegu Desam Party President N Chandrababu Naidu worsened further on Wednesday as he refused to consume even any liquid, on the sixth day of his indefinite hunger strike seeking justice for farmers.
Sri Lanka on Tuesday claimed to have found slain Tamil Tiger chief Vellupilai Prabhakaran's personal gun and body armour, seven months after overrunning the last Liberation Tigers of Tamil Eelam bastion in the decisive battle at Nanthaikadal lagoon off the northern coast.The arms used by Prabhakaran were found buried 15 feet under the ground at Vellamulliwaikkal area in Mulaittivu along with scores of suicide kits and several anti-aircraft guns.
A local court reserved its orders for Saturday on a petition seeking continuation of in-patient treatment for former Satyam Computers chairman B Ramalinga Raju after a senior doctor informed the court that Raju requires at least 2 months treatment for hepatic ailment.
The court also extended the judicial remand of all the 10 accused till March 18.
A team of doctors led by Dr Seshagiri Rao, head of cardiology at the Nizam's Institute of Medical Sciences (Nims), conducted the angioplasty. Angioplasty is a technique in which the obstructed blood vessel is widened. According to Dr Rao, two stents have been put in. His condition is stable.
A Hyderabad court on Wednesday posted the multi-crore Satyam Computer fraud case to February 17 for hearing on framing charges against the prime accused B Ramalinga Raju and nine others.
Telugu Desam Party legislator D Umamaheswar Rao, who is on an indefinite fast in support of a united Andhra Pradesh, was 'very weak' and unable to speak, his doctors said on Tuesday. Meanwhile, Congress Member of Parliament Lagadapati Rajagopal also continued his fast against the creation of Telangana state in a city hospital. "Umamaheswar Rao is not able to speak. He is very weak but stable," doctors said.
The police are on the look out for Congress Member of Parliament L Rajagopal, who escaped from a city hospital where he was admitted after being brought from a hunger strike site over the Telangana issue.
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 55-year-old prime accused in the multi-crore scam is suffering from Hepatitis-C and is undergoing treatment at the Nizam's Institute of Medical Sciences in Hyderabad.
Telangana Rashtriya Samiti president K Chandrasekhar Rao, who is on a fast-unto-death for a separate Telangana state, was admitted to a government hospital in Hyderabad on Thursday after being shifted from Khammam.Rao was put in the Khammam sub-jail after being arrested ahead of his proposed fast-unto-death at Siddipet in Medak district earlier this week.The TRS chief called off his fast within two days, after being admitted to the Khammam hospital, but resumed it later.
Moderate credit growth at around 22 per cent and relatively higher deposit growth has placed the liquidity situation of banks in more comfortable zone.
Bharat Kumar, counsel for Ramalinga Raju, urged the court to grant the bail to his client on health ground and also to enable him to defend himself in various cases slapped against him by various investigating agencies including Securities and Exchange Board of India, Serious Fraud Investigation Office, Enforcement Directorate.
TRS chief K Chandrasekhar Rao, who ended his 11-day fast undertaken to press for Telangana state, was shifted out from ICU of the Nizam's Institute of Medical Sciences (NIMS) in Hyderabad.
The move is aimed at improving margins.
The State Bank of India (SBI) on Wednesday said that it was examining the possibility of another round of reduction in its benchmark prime lending rate (BPLR), while adding that it was offering the cheapest rates across loan categories.
The Union Budget 2008-09 has focused on farm credit.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
Education UK experts at the British Council, Nim Bahadur and Sonu Hemanii, hosted a chat with readers on September 23. for those of you who missed the chat, here's the unedited transcript.
Public sector banks could see higher pressure on their net interest margins in the coming months as they have mopped up large amounts of deposits at higher rates and have also effected steep cuts in lending rates between November 2008 and January 2009.
Experts from the British Council hosted a chat with GA readers on November 19. For those of you who missed the chat, here's the unedited transcript:
The festive season starts from August and last till December.
NorthEast United inched closer to a playoffs berth with a 2-1 win over 10-man SC East Bengal in the ISL
Mamta Rawat is one among the thousands who were rendered homeless during the June 2013 Uttarakhand floods. Six months on, however, not much work on relocation or rehabilitation has started. And money is really not the issue.
About 15 people have been feared killed in the mishap.
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
NorthEast United got the better of Mumbai City yet again, doing a double over the Islanders with a 2-1 win in the Hero Indian Super League
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
Three stockmarket experts give their best picks for the New Year.
Balakrishna was remanded to judicial custody for allegedly opening fire at two persons, including film producer B Suresh, on Thursday last.
The biggest private sector lender, are swarming the market with discounts and special offers
Anil Khandelwal, Chairman of Bank of Baroda, expects a 25% credit growth in FY07. He says that BoB did not bid for UWB due to their existing presence in Maharashtra. He adds that the UWB branches will give IDBI good reach and size.
The BSP president had to be admitted to Nizam Institute of Medical Sciences in Hyderabad following a brain stroke.
Rediff readers tell us what they did with their first salaries.
YSR Congress President Jaganmohan Reddy, who was admitted to a hospital on October 9 after being forcibly evicted by police from the site of his fast to protest bifurcation of Andhra Pradesh, was discharged on Saturday.
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Net NPA of the 26 public sector banks, including State Bank of India, rose to 2.02 during the year as compared to 1.53 in the previous fiscal. SBI and its five associates recorded a net NPA of 2.04 per cent against 1.76 per cent in the comparable period.
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