Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
'This is an area where good lending can happen, and that is one of the priorities for the next quarter.'
Union Minister Jyotiraditya Scindia on Tuesday pitched for policy guidelines to utilise scrapped vehicles as raw material for steel production, saying there are close to about one crore such vehicles in the country. Scindia, who also holds steel portfolio, said the time is not far away when the country will have to move towards green steel, and therefore, the option of iron ore and coking coal will not be available. Green steel is manufactured without using fossil fuels.
The Himachal Pradesh High Court acquitted one convict and commuted the death sentence of two others to life imprisonment in the 2014 Yug Gupta murder case.
'The directives to enhance last-mile funding, consider revival funds, and systemic reforms across the sector are expected to revive stalled projects, improve accountability, and accelerate the delivery of affordable and mid-income housing.'
The order will be effective till March next year for the festivals that require immersion of idols of deities, including those made of Plaster of Paris (PoP).
About 57 per cent of Indian districts, home to 76 per cent of the country's population, are currently at high to very high risk from extreme heat.
Follow these steps to avoid last-minute surprises while claiming your mediclaim -- via cashless or reimbursement method, says P V Subramanyam
Public sector banks (PSBs) have written off bad loans of about Rs 5.82 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2024-25, the loan write-off of PSBs was at Rs 91,260 crore, compared to Rs 1.15 lakh crore in the previous fiscal, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.
Giving an edge to Indian news providers over foreign ones, the government issued guidelines for the new uplinking policy for news channels fixing a cap of 26 per cent foreign equity on any company wanting to uplink news and current affairs.
BCCI Apex Council to discuss norms for IPL victory celebrations after Bengaluru stampede
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024. Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65. However, after the recent changes that have come into effect from April 01, 2024, anyone, regardless of age, is eligible to purchase a new health insurance.
Kerala is facing an outbreak of Primary Amoebic Meningoencephalitis (PAM), a rare and deadly brain infection caused by the 'brain-eating amoeba' Naegleria fowleri. Health officials are working to raise awareness and improve diagnostic capabilities.
The Delhi high court recently observed the 'next Covid pandemic' was far from over as it asked for details on the Centre's preparedness for the collection of samples, centres and transport policy.
Taking a tough stance against instances of non-compliance of rules by public sector units, in matters like appointments, Prime Minister Atal Bihari Vajpayee has asked his Cabinet colleagues to strictly follow guidelines and rules.
State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.
The nine-page guidelines have been issued days after the state government set up a 15-member committee headed by education secretary Bhawani Singh Detha to examine the issue after record student suicides were reported from coaching hub Kota.
A hybrid model was followed during the Asia Cup last year, when India's matches were held in Sri Lanka while other matches were played in Pakistan.
To 'protect national interest', US now require all F, M, and Jvisa applicants (students/exchange visitors) to make socialmedia profiles public for nationalsecurity vetting.
The Election Commission has assured the Supreme Court that no voter's name will be deleted from the draft electoral roll in Bihar without prior notice and a fair hearing. The EC also clarified that it is not required to share separate lists of those not included in the draft rolls.
Karnataka transport minister Ramalinga Reddy confirmed the development, stating that the companies must abide by the court's decision.
The Reserve Bank on Thursday affirmed its commitment to continue with its supervisory measures aimed at early identification of risks and vulnerabilities. The central bank would also focus on enhancing cyber resilience and capabilities of Supervised Entities (SEs) by implementing the recommendations of the inter-regulatory Working Group, which has uniform baseline cybersecurity guidelines for financial entities, it said in its annual report.
The government has identified 50 public-private partnership (PPP) projects worth over Rs 60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.
In November last year, an indictment was unsealed in the United States District Court for the Eastern District of New York, charging prominent Indian executives, including Chairman of the Adani Group, Gautam Adani, by linking them to an alleged bribery scheme.
The Reserve Bank on Monday permitted banks to allow minors above the age of 10 years to open and operate savings/ term deposit accounts independently. The Reserve Bank of India has issued revised instructions on opening and operation in the deposit accounts of minors.
The Indian Institute of Technology-Bombay (IIT-B) has issued guidelines urging students to desist from asking fellow students for details that might reveal their caste and instead encouraged them to bond over commonalities like sports, music and movies.
India is planning to amend the Mines and Minerals (Development and Regulation) Amendment Act 2023 to specify the use of funds currently earmarked at 5,600 crore for exploring critical mineral mines overseas, according to a top official. The proposed amendments also aim to introduce a tailings policy and modify the royalty structure to facilitate the extraction of critical minerals from waste materials, the official added.
The Insurance Regulatory and Development Authority of India's (Irdai's) decision to allow insurers to hedge risks through equity derivatives will help them manage market volatility and protect policyholder returns. However, this move is unlikely to alter their investment strategies.
The Indian government has introduced a bill in the Lok Sabha to ban online games played with money, aiming to curb addiction, money laundering, and financial fraud. The bill also targets advertisements and financial transactions related to such games.
The Central Administrative Tribunal (CAT) has overturned the transfer of Indian Revenue Service (IRS) officer Sameer Wankhede from Mumbai to Chennai, ruling that the revenue department violated its own guidelines. Wankhede, known for his role in the Cordelia cruise drug bust case involving Bollywood actor Shah Rukh Khan's son, had claimed his transfer was punitive and a consequence of his actions at the Narcotics Control Bureau (NCB). The CAT found procedural lapses and potential bias in the transfer decision, stating that transfer policies must be implemented fairly and transparently.
Stating that dentists, auxiliaries as well as the patients undergoing dental procedures are at high risk of cross-infection as most dental procedures require a close contact with the patients' oral cavity, saliva, blood and respiratory tract secretions, the ministry has advised that all patients must be treated with due precautions.
'The kind of reach it has with so many bank branches even in the remotest part of the country, it is one channel which will play a very important role in vision of insurance for all.'
The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.
Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.
'Bank has enabling provision to raise capital up to Rs 7,500 crore over a longer period of time.'
His successor issue is also expected to flare up fresh tensions between Beijing and Washington as China's policy comes in conflict with the US Tibetan Policy and Support Act of 2020, which reaffirmed America's steadfast support for the Dalai Lama and Tibetan Buddhism.
The Reserve Bank of India (RBI) on Wednesday came out with comprehensive draft guidelines to harmonise and regulate gold loans across all financial entities, including putting a cap of 75 per cent on loan-to-value (LTV) ratio. The draft guidelines also aim to address concerns related to certain lending practices, provide clarity on specific aspects, and strengthen the conduct-related standards in the sector.
Expressing sorrow over the incident, Khandre immediately ordered an investigation into the matter, which will be led by a team under the principal chief conservator of forests.
The government on Friday came out with new guidelines to prevent misleading advertisements, including those targeting children and making free claims to woo consumers.
US President Donald Trump signed an executive order directing the Department of Justice to pause enforcing a nearly half-century-old law that was used to launch a bribery investigation against the Adani Group. Trump signed an order to pause enforcing of the 1977 Foreign Corrupt Practices Act (FCPA) that prohibits American companies and foreign firms from bribing officials of foreign governments to obtain or retain business.
