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Private banks account for a total of 21.15 per cent in terms of advances in the overall banking system.
Vijay Mallya, who faces prosecution in India, is reportedly in London.
Third parties can be used to launder the proceeds of fraud schemes by criminals who gain illegal access to deposit accounts by recruiting them as 'money mules'
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
The announcement comes on the first anniversary of the project.
Private sector banks are way behind their PSU peers when it comes to opening financial inclusion accounts under the Prime Minister's Jan Dhan Yojana
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
Customers taking small and convenient steps and some degree of care and precaution while paying digitally will ensure safety and security from new threats that emerge every day, says Avinash Luthria
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
The success of the government will depend substantially on the quality of its team of key ministers, officials and advisors
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
Bureaucrats heading disinvestment and financial services usually don't get appointed as finance secretary.
A review of key pronouncements he made in his first Independence Day Speech on August 15, 2014.
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
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