Norms governing investments by provident funds bar these from depositing funds in a commercial bank in case the NPAs of that bank exceed two per cent of net advances.
Non-performing assets of banks have been on the rise for past several months due to slowdown in the economy.
Banks cannot shirk their responsibility in cases of frauds.
'According national security and higher defence management empathetic political attention they warrant is critical. Will Prime Minister Modi pick up this gauntlet?' asks C Uday Bhaskar.
Tributes poured in as news came in of the death of the 10-time Lok Sabha MP who had joined the Communist Party of India-Marxist in 1968. Chatterjee was speaker of the Lok Sabha from 2004 to 2009.
Dr Mitra called the Pandara Road crowd a 'cheerful collective of young dreamers,' united in its 'love and pride for the newly Independent India,' despite 'sharp disparities in background, temperament and attitude.' Dr Shreekant Sambrani recalls his encounters with the legendary economist who passed into the ages.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
On Tuesday, Finance Minister P Chidambaram had more than adequately made clear that the government would be allocating Rs 14,000 crore through Budget, the Financial Services Secretary said.
Sources said a few other lenders were also contemplating a move to declare both Kingfisher Airlines and UBHL wilful defaulters.
The Congress president had on April 10 claimed that the apex court has made it "clear" that Prime Minister Narendra Modi "committed a theft".
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
HDFC, the pioneer, ICICI, the game-changer, and SBI, the original teaser, turned the market on its head.
'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'
One-sponsor-one-fund rule may set off merger as Amundi seen sponsoring two funds following buyout.
The Congress had won over 400 seats in the 1984 Lok Sabha election after which Rajiv Gandhi became the prime minister.
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
Jaitley asserted that the party has become the central pole of Indian politics.
Rajan, who has also served as chief economist at the International Monetary Fund (IMF), said he had no idea what statistics are pointing at currently and "a revamp" was needed "to really figure out what India's true growth rate is".
'All of Indira Gandhi's bad economic ideas are being strengthened, from nationalised banks to anti-poverty, handout yojanas,' says Shekhar Gupta.
'There is no tried and true recipe for creating Silicon Valleys.' 'Attracting and creating a mass of truly dynamic entrepreneurs is at the core and among the hardest and most necessary ingredients.' 'In the US, close to 60% of the top valued tech companies were started by immigrants who found the start-up climate to be superior to where they came from.' 'India would clearly benefit from attracting back its talented Diaspora, but it also needs to hold onto those entrepreneurs.'
Addressing a press conference in the nation's capital, he claimed that Verma's removal was an "insult" to the Constitution, the chief justice of India and the leader of the opposition.
Practising Indira Gandhi's brand of socialism today will not just be anachronistic but also economically harmful.
While business, humanities and engineering programmes at the undergraduate level start at 10,000 (annually), candidates should make provision of 8,000-12,000 (approx Rs 6 lakh to 10 lakh) towards living expenses annually, says Sushil Sukhwani.
Given Congressional objections, we have told the Pakistanis that they should put forward national funds for that purpose," US State Department spokesman John Kirby said.
Deadline to submit convincing reform plans is this week.
Modi govt must implement few policy measures which it announced in Budget 2015.
'The RBI risks becoming dangerously weakened, as successive governments and finance ministers have misunderstood its role'.
The plan of UID/Aadhaar-based surveillance does not end with the collection of fingerprints and iris scan, it goes quite beyond it and poses a lethal threat to the idea of India, says Gopal Krishna.
On the list of 137 economies, Switzerland is followed by the US and Singapore in second and third places, respectively.
China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply.
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
What will a split in the AIADMK mean for Tamil Nadu?
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
'By demonetising higher denominations of currency notes, we have taken out the vehicle for corruption.' 'But the motive is still there.'
'Modi wants to reverse everything Nehru did, but is shy of touching his daughter's most unwise policies.' 'There is no example of this more stark than bank nationalisation,' says Shekhar Gupta.
Despite all of the PM's many strengths, it is increasingly clear that he does not necessarily have a coherent and clear worldview on matters of macro policy.
Poor land-use planning, indiscriminate approvals of building plans and the absence of disaster-risk assessment in urban design have resulted in what experts term concentrated concretization, predisposing cities to disaster risks
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances