The company stated that it was taking steps for cost rationalisation across all businesses to maintain liquidity and due to a prolonged slowdown it had to take a few tough measures.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
Top seed Simona Halep came back from a set down for the third time in the tournament to beat Kazakhstan's rising star Elena Rybakina 3-6, 6-3, 7-6(5) to win the Dubai Duty Free Tennis Championships for the second time on Saturday. In a battle that lasted nearly two-and-a-half hours, the match came down to a tiebreak where two shots that went agonisingly wide for Rybakina eventually decided the title in front of a noisy crowd that constantly chanted Halep's name.
All public sector banks have moved to such a regime voluntarily, while private banks are yet to. The state-run banks have introduced repo-linked products for floating-rate home and auto loans, but the RBI said loans to micro, small and medium enterprises (MSMEs) should also be linked to an external benchmark.
'Kejriwal has given not only Modi and Shah some food for thought, but also to jaded Opposition leaders who must now wonder whether taking on the BJP's majoritarianism by the horns, as they have been doing so far, is the appropriate strategy in such extraordinary times,' notes M K Bhadrakumar.
'Till today, we don't know what PM Modi discussed with Xi Jinping and Vladimir Putin, but we have been told that the relations have been reset.' 'We have no evidence from China to show that anything has changed, even though India had made several gestures in preparation for Wuhan,' says Ambassador T P Sreenivasan.
Former Australia captain Mark Taylor resigned from Cricket Australia's (CA) board of directors on Monday, as the fallout from a scathing review into the governing body's culture claimed another victim.
'If a 'two-front war' develops, Iron Brother may only turn out to be a drag on the PLA, since Pakistan is in no position to wage a war with India,' argues Ambassador M K Bhadrakumar.
ICICI Bank today hiked its home loan rates by 0.50 per cent with effect from May 8.\n\n
To attract more dollar inflows, the Reserve Bank extended the deregulated interest rate scheme for NRE deposits till January 31 next year from the earlier November 30.
After Apple's high profile iCloud fiasco, Google is the latest cybercrime victim with Russian hackers posting usernames and passwords of close to five million Google accounts online.
In a blogpost, Adobe said its security team discovered sophisticated attacks on its network, involving the illegal access to customer information as well as source code for numerous Adobe products.
The two leaders said they would work to "bring them (bilateral ties) to the framework of constructive cooperation.
Atletico Madrid's problems deepened as they were held to a 0-0 draw at Villarreal in La Liga on Friday, stretching their winless run to four games in all competitions.
We have seen great strides in all-around cooperation, Chinese foreign ministry spokesperson said.
Investigators said the system that helps control the movement of the aircraft's rudder had a cracked solder joint that malfunctioned four times during the flight.
Linking all new floating rate loans to an external benchmark won't impact existing borrowers, so customers who have taken long-term home loans recently should watch things carefully, say Joydeep Ghosh and Sanjay Kumar Singh.
'What lies at the core of Abe's stance is Japan's crisis management ability amid the increasingly tense North Korean situation,' says Rajaram Panda.
'The coronavirus has provided each one of us a chance to press the 'reset' button. I take this National Medical Emergency to announce a process of national healing.' 'As of midnight tonight, my government will drop all talk of NRC and NPR, and my Muslim brethren should sleep peacefully that this is as much their country as mine.'
Lieutenant General Wei Fenghe's, China's new defence minister's, first guest of honour could be his Indian counterpart Nirmala Sitharaman.
With Modi's international image seriously damaged -- perhaps, irrecoverably -- and Indian foreign policy finding itself in drift, we move on to the New Year in a depressing scenario, points out Ambassador M K Bhadrakumar.
Industrial Finance Corporation of India on Thursday said it has offered 9 per cent interest to the Employees Provident Fund Organisation and other retirement funds though it was much higher than the present market rate.
'A close relationship between India Inc and the government cannot help the BJP win elections.' 'While Opposition parties may feel good about Mr Bajaj criticising the Modi regime, the BJP should be seeing the indictment as a political boon,' says A K Bhattacharya.
'He has a splendid opportunity to capitalise on the CPEC and turn the economy around decisively, putting Pakistan firmly on a higher growth trajectory.' 'Indeed, under the Imran-Bajwa dispensation, there has been a noticeable whittling down of support to militant groups,' points out Ambassador M K Bhadrakumar.
HDFC has hiked interest rates for floating rate home loans by 0.50 per cent with a corresponding change in retail prime ending rate, effective November 22, but has left the fixed rates untouched.
Germany overcame an early red card to Emre Can and eventually eased to a 3-0 victory away to Estonia on Sunday in a Euro 2020 qualifier to go joint-top of Group C.
'The government's August 5 decision has impacted India-China relations, but it is not very significant or very different. Things like this have happened in the past.'
When you lose your temper, your jawline stiffens, muscles tighten and maybe you grit your enamels as well. Exercising facilitates in shifting your attention to the physical aspect thus burning off all the surplus energy levels.
It is the first break in the four-year cycle for the summer Olympics since the 1940 and 1944 Games were cancelled because of World War Two.
Loan rates will change at the next reset, while deposit rates will continue till maturity.
With its gaze steadily fixed on the well-being of its people, the government is going about taking all the imperative measures that need to be taken to beat back the pandemic, observes B S Raghavan.
'Our drains are not filled with bodies, our hospitals not run out of beds.' 'That good news, or absence of expected bad news, is the truth that so many in the international community, and also within India, seem unable to handle,' notes Shekhar Gupta.
Mahinda Rajapaksa recovered from his 2015 electoral losses, went to the people and campaigned about the injustice done to him. Without attempting to be subtle, he underscored his image of the Sinhala Buddhist warrior a la Dutugemunu, the king of Sri Lanka (164 BC to 140 BC) who led the military campaign against the invading warlord Elara.
Current account deficit is expected to narrow to 1 per cent.
Yet, no bank has been taken to task for its actions, says Harsh Roongta.
'The challenge before the two countries is to turn the peak into a plateau and enter an irreversible phase of cooperation,' notes Ambassador T P Sreenivasan.
