'If any party talks too much about Muslims, it will lose.'
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
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.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
According to D&B, food price levels might witness a rebound as foodgrain production is estimated to have declined during 2014-15.
On December 16, 2015, the apex court ordered disclosure of the defaulters' list, and upheld a Central Information Commission order to this effect.
Some accounts can be revived by rescheduling loans, which the RBI envisages to do once the norms get finalised after the public discussion.
Senior Executive Director & Co Head (Strategy) of Kotak Institutional Equities Sanjiv Prasad tells Prasanna D Zore/Rediff.com that even if there are a number of challenges facing the Indian equity markets, there are certain sectors that offer a ray of hope.
The continuing stress faced by corporate India has weakened their debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans.
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
'If this is the India you're talking about, where there is no space for minorities, where you have hate, where people can enter universities and beat students up, let me be anti-national.' 'I'll carry that as a badge of honour.'
While they have restructured loans, there is still question mark over the success of such a work-out
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
Analysts, however, said the timing of the infusion was good.
An analyst says, due to excess capacity, investment in manufacturing will not be forthcoming
Nifty snaps 10-day winning streak
The country's largest lender State Bank of India will get the largest sum of Rs 8,800 crore as government's capital infusion.
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
The ministry further told banks that "it would be prudent to take steps against guarantors immediately when no sign of revival is visible".
K C Chakrabarty, former deputy governor, RBI, talks to Anup Roy on issues in the new bankruptcy law and rules.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
Gross NPAs of public and private sector banks stood at Rs 2.41 lakh crore and 26,571 crore respectively.
ICICI Bank puts up a good show in Q4.
Bringing down government stakes would augment their capital.
Index heavyweights ITC was the top gainer along with RIL and HDFC
Bombay Bullion Association to develop a software for the same.
The meeting with the top officials of public sector banks is scheduled for March 5, a senior finance ministry official told PTI.
According to sources, Kingfisher Airlines allegedly diverted funds by opening a current account in HDFC Bank and had a balance of Rs 7.5 crore (Rs 75 million) as on date.
The Bharatiya Janata Party on Friday charged the Congress with trying every trick, including invoking the threat to secularism and tying up with any force, to keep the main opposition from coming to power after seeing the "writing on the wall that its defeat is certain" in Lok Sabha polls.
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
The Union Budget 2016-17 has cheered the NBFC sector
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
Uttar Pradesh and Punjab have announced loan waivers for farmers, while Maharashtra has not despite Opposition pressure. Sanjeeb Mukherjee reports.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
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