There is no immediate plan, either in terms of employees or branches, said Uday Kotak on the merger deal.
Over the past several months, the airline has struggled to pay vendors and staff salaries on time.
Plan to lay off excess staff, trim salaries of top executives.
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
Companies with more than Rs 10,000 crore of debt would seek refinancing.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
Gilt funds make sense only if you want to take a tactical view on interest rates and are looking for a short-term duration.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
With outlook uncertain for a range of sectors, no one is quite sure of where to invest in stocks
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.
The repo rate could be reduced by 50 bps in the current year.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
There's a long way to go before human beings are replaced by machines -- in banks at least.
Hawkish tone likely to guard rupee from further slide
The huge pressure on the currency market largely went unnoticed because of the demonetisation exercise.
A V Rajwade wonders if the Modi sarkar is pursuing price stability at the cost of potential social instability in both rural and urban India.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
The assumption clearly was that project execution timelines would be adhered to and revenues would flow in as scheduled.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
Such service providers were given time until the end of October to follow the law of the land.
Analysts expect the indices to dip further if the global macros do not stabilise
The majority have stayed away from getting into cash handling.
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
The development comes after the shareholders of Ambadi Investments, the holding company of the Rs 38,100-crore Murugappa Group, voted against the induction of 59-year-old Valli Arunachalam, the eldest daughter of former executive chairman M V Murugappan, into its board.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
A glance back at some of the important ups and down Indian Inc faced in 2018.
Given the stability of the rupee over the last 10 months, many companies have been tempted not to hedge their foreign currency risk.
Question remains, what happens when the overseeing committees' members themselves are questioned by investigative agencies?
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
Banks have not cut rates yet as March is typically a busy season.
In the last few years, zero per cent financing has become quite attractive as consumers aspire to buy the latest products, especially in categories such as mobile phones and television sets.
From NITI Aayog to industry leaders to the Reserve Bank of India, all are apprehensive that any major increase in MSP, following the 2018-19 Budget announcements, would push up prices, if not immediately, in the next six to eight months after the decision is taken.
The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.
Slight recovery in growth is expected only in July-September.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
Foreign portfolio investors (FPI) have pumped in a net sum of Rs 49,553 crore in Indian markets this month so far on back of high liquidity coupled with improving global indicators and clarity after the US presidential elections. FPIs invested Rs 44,378 crore in equities and Rs 5,175 crore in the debt segment, taking the total net investment to Rs 49,553 crore between November 3-20. In October, FPIs invested a net sum of Rs 22,033 crore.
The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he'd founded and led to a successful initial public offering
