Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
Is the Budget sufficiently prudent? It probably is but at the cost of substantial under-provisioning for the many grand sounding schemes announced in it, says Nitin Desai.
'The next fiscal year will be a good one.'
V G Mathew, managing director and chief executive officer of South Indian Bank speaks to Gireesh Babu, about demonetisation impact, rights issue and future plans.
'When there is no middle ground possible between the government and the governor, the governor has to go.'
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
'Rahul is only making a pathetic public spectacle of his lack of judgment and good sense by hallucinating that somehow, the Congress, or whatever political combine is cobbled together, will displace the BJP at the coming Lok Sabha election by constantly harping on the Rafale deal,' argues retired civil servant B S Raghavan.
There is a case for analysing the fiscal deficit, separately for expenditure and investment.
Valuation-wise, the markets look more attractive now
Chidambaram said banks have been asked to strictly adhere to the norms on gold imports.
ICICI Bank has the largest proportion of SDR loans as a percentage of its total, followed by state-run United Bank of India and Canara Bank.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
LIC, ICICI Bank, PNB to have nominees on board; firm asked to sell non-core assets.
The Central Vigilance Committee has sought loan data from United Bank
'If anybody defaults on something which is due for today, they have to disclose it tomorrow.' 'The accumulation of NPAs is due to asymmetry in information.' 'The investor should have real-time information.'
The rally in most of these stocks is partly attributed to impressive financial performance.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
Banking and telecom will see the highest impact of this transition.
The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
After a gap of about five years, a public sector bank (PSB) has decided to rope in a cricketer to boost its brand.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
The bank's profit is buoyed by robust growth in its commercial banking and mortgage businesses.
'This year's Budget didn't give into populist measures everyone was expecting after demonetisation, so I think that was a positive step.' 'Hopefully the Budget will continue in the way it has been.'
In urban India, the fall in rice consumption was 0.2 kg per person per month.
The central bank dashed hopes of any steep interest rate reduction.
Till March 2011, things were manageable.
The local markets are expected to react to global triggers until the government announces the Union Budget.
'There is core BJP support on the Hindutva line. It will continue.' 'Along with that, the BJP is ready to play the OBCs trifurcation card to its benefit.' 'If you see the post-Kairana result, the BJP spokespersons and IT cell have already begun talking about Hindu unity against Muslim unity, Ram vs Allah.'
'Every few days, I wake up with a sense of restlessness that time is running out'... 'We have created a due process for stressed assets to resolve, but there is no concrete plan in place for public sector bank balance sheets,' says RBI Deputy Governor Viral Acharya.
'Last year, Rs 20,000 crore was ripped off from the banking system.' 'The situation has deteriorated under the Modi government.'
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
67 companies with total debt of Rs 5.65 lakh cr were either loss-making or didn't generate enough profit to cover interest cost in FY15
Banks are likely to cut rates even further, say finance minister Arun Jaitley.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
