The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
The officers did not arrest Neeraj Singhal despite CBI Director Ranjit Sinha's orders.
ICICI Bank on Friday reported 13 per cent rise in consolidated net profit at Rs 2,698 crore (Rs 26.98 billion) for the second quarter ended September 30, 2013.
After acquiring Grama Vidiyal Microfinance last year, IDFC Bank is looking for opportunities to strengthen its retail capabilities, says Rajiv Lall, its chief,
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
United Progressive Alliance-led government proposed lenders as insurance brokers; new FM not too keen, say insurers.
FinMin plans tougher targets for bad loans, Casa and others in performance-linked pay for senior management.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Next time you swipe, ask yourself, do you really need it or do you just want it?
Maharashtra and West Bengal lead the way in bank fraud.
In recent past, midcap stocks have performed well, say experts.
'It will be interesting to see how Dr Patel handles gadflies with the maturity of egregiously petulant three year olds.' 'That Dr Patel does not, in so far as we can tell, cause society matrons to gush like hormonal teenagers can only be a good thing for him.' 'Look where their febrile imaginations and breathless prose took his predecessor.'
'Let us not say that Modi has not delivered on anything; he has delivered something and in parts substantially, but he has to also deliver on a large number of his electoral promises.'
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'
In order to contain Current Account Deficit and arrest value of declining rupee, the RBI last month had raised the cost of borrowing for banks and reduced availability of funds to curb speculation in the forex market.
'Nobody expected the slowdown to go for these many days. Unfortunately, it is an unbelievably bad slow down.'
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues -- from GDP growth and fiscal consolidation to job creation and GST.
Sell the property if bought for investment purpose.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
The stock markets need not be an enigma - use resources at your disposal
The Bank Nifty is likely to be a bellwether.
Jasmit Singh, 85, recalls a horrific train journey to New Delhi on the day Indira Gandhi was killed.
Hard and unpopular decisions are needed - not just another round of financial repackaging to sort out the discom mess.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
Srei Infrastructure's vice-chairman -- and former Assocham president -- Sunil Kanoria discusses the Kanoria businesses and his impression of the Modi government with Ishita Ayan Dutt and Namrata Acharya.
There are actually great similarities between the two PM
While an uptick in economic activity will help banks come out of some of their problems, some issues currently facing the Indian banking industry are of its own doing says Pramit Jhaveri.
Stressed asset funds could offer higher returns than traditional fixed-income funds, but holding period will be longer due to the risky underlying assets
'Government of India has the right to give directions to RBI'.
The need to allow government shareholding in public sector banks to come down below 51 per cent
Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
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