Etihad said it would not participate in the rights issue or infuse fresh funds under the current terms and conditions of the resolution plan
Relations with the government, the bank's majority owner, are a tricky issue for all SBI chiefs, and, like all his predecessors, Khara will be closely watched for his equations with the finance ministry representative on the SBI board.
Rajnish Rai, the supervisory officer of the CID (crime) probing the fake encounter case of Sohrabuddin Sheikh, has been asked to discontinue with the probe.
The petition also made several other allegations of financial embezzlement by the secretary, and sought a CBI inquiry into the matter as the 'samadhi' was under Central government control.
Among the other conditions of the Hinduja group for picking up a stake in Jet is that bankers must take a haircut of 80 per cent and that they should help negotiate with operational creditors like aircraft lessors for moratorium on certain immediate payments.
Retaining the GST rate assumes importance since states are under pressure to increase their revenues, hit hard by lockdown. Also, the Centre has not fully compensated states for their revenue losses on account of GST for 2019-20.
Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. "The resolution (to Yes Bank) will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI," Das told reportters in Mumbai.
The finance minister also said that the merger would not result in any retrenchment but rather improve the benefit of the employees.
In the video, Nath is purportedly heard saying that the Rashtriya Swayamsevak Sangh and the BJP have only one message for the voters -- a vote for Narendra Modi means a vote for Hindus -- and "agar Musalman ko vote deni hai, to Congress ko vote do (vote for the Congress if you want to vote for Muslims)."
Air India, SpiceJet, IndiGo and AirAsia India ready to fill in the gap.
It's not necessary to use only external benchmarks, there are multiple avenues to meet the requirement that the RBI wants, the bank said.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
DDinesh Kumar Khara is someone who cares for others's ideas and suggestions.
If he takes the people along with him (which he always does); cares for the customers (80 per cent of SBI's new customers are in the 20-40 age group); and doesn't take his eyes off technology, his job is done, says Tamal Bandyopadhyay.
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
A rebound in oil prices, FII outflows and concerns over current account deficit weighed on the domestic currency, pushing it to fresh life-time lows.
India's telecom services would continue to record a strong growth with teledensity more than doubling to 18 per cent in the next five years
All eyes will be on 41-year-old Wasim Jaffer, who is only 853 runs shy of 20,000 first-class runs.
Despite having the third-largest internet user base in the world, India does not feature in the top ten e-commerce markets
Microsoft's online portal MSN India is expecting its current user base of 10 million to double in the next one year while charting plans to maintain the 100 per cent growth rate in revenue.\n\n
The mortal remains of Environment Minister Anil Madhav Dave were consigned to flames on the banks of the river Narmada at Bandrabhan in Madhya Pradesh's Hoshangabad district today, with full state honours.
A source said that the lenders have proposed to change the management of the beleaguered air carrier as they feel it is not possible to run the company with present management.
'The effect will be seen two-three quarters down the line.'
The bosses of SBI, Union Bank and Central Bank have been driving down to their offices everyday to take stock of the biggest loan drive ever undertaken for MSMEs, discovers Tamal Bandyopadhyay.
While Jet founder Naresh Goyal said he was willing to infuse Rs 700 crore and also pledge all his shares in the company provided he can have at least 25 per cent stake, the airline's foreign partner Etihad Airways insists he must not keep more than a 22 per cent stake.
Former captain Sardar Singh has been included in a 13-member Hockey India selection committee, to be headed by B P Govinda, a member of the 1975 World Cup winning team.
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
Chief Minister Kamal Nath said that he 'doesn't have any intent to impose a ban or any prohibition on any movie'.
The Bhopal seat is currently held by Alok Sanjar of the BJP.
According to the revised plan, promoter Naresh Goyal, his wife Anita Goyal and the directors nominated by the promoter would be asked to step down from the board, and the lenders, as part of the resolution process, will infuse around Rs 1,200 crore into the airline as emergency funding.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
The court adjourned the hearing in the case to October 27.
The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue.
Adequate currency in circulation, temporary shortage to be tackled quickly, says FM
'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'
The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
The toll in Uttar Pradesh floods on Monday mounted to 41, with reports of 13 more deaths in the state where over 1,000 villages were affected by the flood waters of several rivers flowing above the danger mark.
On July 16, 1991, the world's first hospital on a train chugged out of Mumbai's Chhatrapati Shivaji Terminus on its maiden journey. Twenty-six years later, the Lifeline Express (also called Jeevan Rekha Express) continues to take a multitude of medical services, from major surgeries to dedicated cancer treatment, to the people of India.
