The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
The move to make the appointment process more robust comes after last month's arrest of S K Jain, chairman and managing director of Syndicate Bank last month, over graft charges.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
Most expect the Budget to be path-breaking.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
'What we have is the bill and the Act passed by Parliament.' 'And then there is a criterion of exclusion as to who will not be covered in EWS.' 'Beyond that, we have no clue where this idea came from.' 'And most importantly, why is it 10% reservation, and say why not 15% or 20%?'
'The Elgar Parishad turned out to be the first rallying cry against the BJP and RSS in Maharashtra.' 'The speakers took a vow not to vote for the BJP.'
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
We still have time for this government to take action.
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
BJP asks Karnataka Chief Minister Siddaramaiah not to grant permission for Benny Hinn's prayer meet, reports Vicky Nanjappa.
Four to five new faces from the Hindi belt as well as some other states could be inducted as All India Congress Committee spokespersons while the 36-member list of television panelists from Congress could witness a thorough rejig this month.
We need a change in mindset, says the RBI Governor.
Today, banks are being asked to discover niche strengths and focus on them
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
He said, according to the party constitution, a 3-member enquiry committee would be set up, which after going through their (suspended MLAs) replies to the notice.
Quarterly results of many of these banks show significant losses.
A summary of sports events and persons who made news on Wednesday
The massive protest has been called by the All India Government Nurses Federation and the Delhi Nurses Federation seeking redressal of issues related to pay and allowances.
Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents.
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It's perverse to rationalise 'controlled' killings or torture -- without going down a slippery moral slope. Once the state stoops to torture, it's liable to sink into tyranny, says Praful Bidwai.
Recent statistics show that the situation is no different across the country with several hospitals lacking the infrastructure to manage a breakout of a blaze.
Nothing turns on the hair-splitting argument that the Congress does not have 55 seats because that is not a legal requirement to be the single largest legislature party in Opposition in the Lok Sabha, says Venkatesh Nayak.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
'In being dismissive of Naveen, his colleagues showed incredible naivety.' 'On the few occasions that he put his foot down, the overconfident party leaders, who believed they were using him and not the other way around, failed to read the signs of what was to come.'
The Enforcement Directorate has managed to sniff out over Rs 9,000 crore as suspected haul from money laundering in a decade, but it has yet to link those against anyone successfully in a court.
As the issue becomes increasingly politicised and accusations are traded on national television, the average Delhi resident suffers debilitating blows from viral fevers, writes Manavi Kapur.
Lok Sabha Speaker Sumitra Mahajan came down heavily on Congress leaders for "persistently and willfully obstructing the House" and suspended them for 5 days. The members who have been punished include a president's son, ex-chief ministers' sons and an ex-CM's grandson. Rediff.com brings you the complete list.
The government has provided a long-term vision.
'I kept begging the doctors to put my three year old on the ventilator. But the doctors and nurses kept saying no ventilator was available. When the breathing apparatus ultimately became available, it was too late.'
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