Four others MD of Ramdev-promoted Patanjali Ayurved Acharya Balkrishna; Director of National Institute of Medical Sciences and Research (NIMS), Jaipur, B S Tomar; his son Anurag Tomar; and senior scientist Anurag Varshney have also been named in the FIR, he said.
While HDFC Bank has vowed to recoup its lost market share in the credit card segment in three to four quarters by aggressively sourcing new cards, brokerages believe it is a little hard to come by, given how competitive the landscape has become, with other players in the market becoming equally aggressive to gain market share. Kotak Institutional Equities in its report on Monday said, "We would like to believe that the recovery in market share is likely to be gradual, if any. "All the key players, including Axis Bank, are now willing to expand their credit card portfolios as they have tested quite well against Covid-19."
Punjab National Bank on Monday allayed concerns about its exposure to Adani companies and noted that its loans to the group are diversified into 8-9 companies, which are generating sufficient cash. Atul Kumar Goel, the bank's MD & CEO, in a post-earnings call said total exposure to Adani group, so far, stands at Rs 7,000 crore, of which Rs 2,500 crore is in the airport sector. He further said there is "no worry as the exposure is not very big" and that the bank is keeping an eye on the development that is taking place.
Brokerages expect India Inc to report an upturn in earnings for the March quarter of 2022-23, after a relatively muted showing in the previous two quarters. This growth is expected to be led by banking, financial services and insurance (BFSI) companies, FMCG firms, and automobile makers. The combined net profit of the Nifty50 companies (excluding Adani Enterprises) is expected to have grown 15.6 per cent to Rs 1.77 trillion in Q4FY23, from Rs 1.53 trillion a year ago.
The RBI had on August 7 announced a five-member expert panel under former ICICI Bank chairman Kamath to make recommendations on the required financial parameters for recasting corporate loans.
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully.
A team of doctors at NIMS, attending on the Kadapa MP, administered IV fluids after his health indicators including blood pressure and glucose levels dropped drastically, a NIMS official said.
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances.
ATKMB looked the likelier of the two teams to take the lead in the opening exchanges, with the Mariners needing two goals at least to make a comeback.
The health condition of YSR Congress chief Y S Jaganmohan Reddy on Saturday improved a bit after doctors at the Nizam's Institute of Medical Sciences, where he is being treated following his indefinite fast against Andhra Pradesh bifurcation, administered IV fluids to him.
HDFC Bank has ensured that no bank will be able to match them in the near future without bleeding on margins.
Asks banks to settle for lower margins, boost efficiency.
27 mountaineers perished in an avalanche in the mountains of Uttarakhand last week. The mountaineers were returning from a trek to the Draupadi's Danda mountain peak when disaster struck at 8.45 am in the morning.
State Bank of India hikes lending rates, and other banks pick up the signal.
A local court on Tuesday directed the NIMS hospital in Hyderabad to file a fresh report regarding the health condition of former chairman of Satyam Computers B Ramalinga Raju, before it by July 1, even as CBI filed a memo seeking second opinion report through independent committee of doctors.
Housing finance major HDFC on Monday reported a 16 per cent growth in standalone net profit to Rs 3,700 crore for the January-March quarter, helped by record loan sales on the back of benign interest rates and the resultant fall in cost of funds along with the near-total repayments that culled provisions and credit costs. For the full year, the company, which is working on a reverse merger with its banking subsidiary, has booked a net profit of Rs 13,742 crore, up from Rs 12,027 crore in FY21, vice-chairman and chief executive Keki Mistry said on Monday in an earnings call with analysts. On a consolidated basis, net profit for the quarter surged 21.6 per cent to Rs 6,892 crore on-year and for the full year it jumped 21 per cent to Rs 22,595 crore, Mistry said and guided towards better days.
A detailed report of the medical tests conducted on former chairman of Satyam Computers B Ramalinga Raju, who was admitted to NIMS in Hyderabad, is likely to come out by this evening and would be communicated to Chanchalguda jail authorities, a senior NIMS doctor said.
HDFC and HDFC Bank's merger - touted as India's biggest-ever corporate merger - pumped up shares of the two entities on the bourses. Shares of Housing Finance Development Corporation (HDFC) skyrocketed 9 per cent while those of HDFC Bank zoomed 10 per cent. In comparison, the benchmark S&P BSESensex and the Nifty50 indices settled 2.2 per cent higher on Monday.
Satyam Computers founder B Ramalinga Raju, who is in jail for the past eight months in connection with a Rs 8,000 crore corporate fraud, suffered a massive heart attack and was admitted to a hospital on Monday night, jail and police sources said. Raju, who will turn 55 on September 16, was transferred to the Nizam Institute of Medical Sciences hospital from Chanchalguda jail, where he is under judicial custody on charges including fraud, forgery, cheating, embezzlement.
Union Bank of India, United Bank of India reduced base rates.
Education UK experts at the British Council Nim Bahadur and Sonu Hemanii hosted a chat with GA readers on October 29. The transcript.
The coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank.
Bank of Baroda has relatively better position on impaired assets.
'Forcing the development of an indigenous vaccine as a cure for COVID-19, bypassing all health & safety norms, to be announced by PM Modi on Independence Day is fraught with horrendous human costs'
In the April-June period, bond yields rose by 30 bps.
They were part of a five-member team of climbers from West Bengal.
Masih Saighani fired Chennaiyin into the lead in the 17th minute before two goals in either half by Martin Chaves (43rd, 71st) seemed to have handed all three points to NorthEast United. However, a late equaliser from Lallianzuala Chhangte (90+3rd) ensured the away side took a point from the match.
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.
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.
Analysts believe there could be some pressure on banks' margins in the interim.
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.
Mumbai upped the ante and started creating a few chances after going behind.
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.
