For the four new players, the spike in wealth is 126 per cent.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
India has a long way to go before it develops a culture of professional boards accountable to institutional investors. There is, therefore, no realistic alternative to reforming and strengthening PSBs under government ownership, says T T Ram Mohan.
Markets shrugged off RBI's neutral stance on key policy rates.
'The number of first-time investors into MFs can grow four times more than the current rate if we are able to accept the bank KYCs.'
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
The uncertainty created by the jump in COVID-19 infections and localised lockdowns prompted RBI Governor Shaktikanta Das and other members of the rating setting panel MPC to unanimously vote for status quo in interest rates and an accommodative policy stance to support growth, as per minutes of the meeting released on Thursday. "The need of the hour is to effectively secure the economic recovery underway so that it becomes broad-based and durable," the Governor said during the three-day meeting of the Monetary Policy Committee (MPC) which ended on April 7. The renewed jump in COVID-19 infections in several parts of the country and the associated localised and regional lockdowns add uncertainty to the growth outlook, he observed, as per the minutes of the meeting released by the central bank.
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
India is still the best story in major emerging markets from a 5-year perspective.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
It's time the regulator did some introspection.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
'There is no change in the overall story of economic recovery.'
In an otherwise agriculture- and public health-focused Union Budget 2018-19, artificial intelligence, machine learning, blockchain technology, internet of things -- jargons that found little or no mention in the previous Budgets -- managed to make their presence felt.
RBI's draft guidelines on computation of base rate, if implemented in its current form, will significantly impact the profitability of banks.
Banking and IT lead; see September hiring rise 52%, 34% y-o-y, respectively.
HDFC charges 9.85 per cent for women and 9.9 per cent for others.
Gold prices fell to a 5-year low of less than $1,100/ounce.
Watal panel had suggested an independent payments regulator be set up.
An NBFC must actively manage its collateral positions, differentiating between encumbered and unencumbered assets, and monitor such assets so that they can be mobilised in a timely manner, central bank says in circular.
While brick-and-mortar retailers have been the most vocal in their protests, e-tailers do not seem to be in a hurry.
Analysts expect inflation to peak in the first half of 2016-17 and moderate, thereafter, on the back of positive impact of monsoons
US Fed rate rise raises risk of further drying up of FII flows.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
If you are travelling internationally in the next two months, it's a good time to exchange your currency.
'As we expect the economy to continue to grow above the trend line, we expect capex decisions to be taken next year when there is more certainty about the cost of funding and the economy.'
The monsoon this year in India was likely to be 'below normal' at 95% of LPA: Skymet
Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
It might be difficult to repeat the SKS success with VAYA Finserv, say analysts
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs.
Unified Payments Interface launched to simplify mobile banking.
Asset managers are betting big on ETFs these days.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
By consolidating borrowings, the total EMI burden and interest cost can be reduced.
