Earlier, the RBI cut its policy interest rate to 6.75 per cent.
'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
With the revision, term deposit between 180-210 days less than Rs 1 crore (Rs 10 million) would now earn 7 per cent against existing 6.80 per cent, SBI said in a statement.
The US Fed will decide if it should raise interest rates from near-zero levels first time in a decade.
However, the regulator dealt with the FIIs on expected lines and the meeting was over without Sebi spelling out any action against 'dubious' short sellers. Earlier on October 17, Sebi had written to all the PN-issuing FIIs to submit the data for stocks lent overseas in 2008 so far by October 23.
The Satyam Computer board plans to invite bids for a strategic investor in the next few days and expects to garner a healthy amount as investment, company chairman Kiran Karnik said on Monday.
In spite of ample liquidity, banks are treading cautiously as far as lending to the real estate sector is concerned, and are seeking collateral as high as 150 per cent of the loan amount as security deposit from them.
You require a credit score to get fresh debt and you must have existing debt to get a credit score... Confused? Well, here's how they are related.
One of the reasons why conviction rates in India are poor is that "adventurism and megalomania overtakes our investigators and professionalism takes a back seat," Jaitley said on Twitter.
'Amitabh Bachchan Sir said some nice and encouraging things about the trailer, the way I directed it and, of course, about Abhishek's performance.'
'The first year of the Modi government's second term has laid the roadmap for the future and we will embark on it with gusto,' promises Gopal Krishna Agrawal, the BJP's national spokesperson on economic affairs.
Gross non-performing assets of public sector banks have gone up.
Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.
Nitish Kumar had a week's time to prove his majority, but Laloo Yadav made full use of Siwan don Mohammad Shahabuddin. A revealing excerpt from Rajesh Singh's Baahubalis Of Indian Politics: From Bullet To Ballot.
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
You must remain invested in bank deposits, unless you are considering the idea of earning higher returns by moving to gilt or liquid funds, says Adhil Shetty, CEO, BankBazaar.com.
The worst may perhaps be over for these stocks, suggests Sanjay Kumar Singh.
Sri Lanka's Chief of Naval Staff, Vice Admiral Jayantha Perera on Monday allayed India's fears on increasing Chinese military presence in the island nation, as he categorically stated that his nation will never compromise on India's national security or for that matter of any other country.
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
The weakness in the rupee and broader markets has led to evaporation in the market cap.
If the stock lending and borrowing scheme is to take off, the duration for which stocks are lent needs to be much longer; in Western markets, stocks are loaned for as long as six months and are far more flexible, with put and call options built in. In other words, the lender and the borrower can call for the shares or the money, even before the contract ends.
'Both Doval and Jaishankar are savvy enough to know what is good for them and won't want to meet the fate of Icarus in Greek mythology,' argues Ambassador M K Bhadrakumar.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
'The Vladivostok visit marks a subtle reversal of trend discernible in the revival of India-Russia relations pioneered by Modi during the past couple of years,' says Ambassador M K Bhadrakumar.
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The right sequence would be to gradually reduce SLR
Banks are expecting a 25-basis-point increase in the repo rate (7.75 per cent at present) -- the central bank's short-term lending rate against government securities -- when the Reserve Bank of India announces its monetary policy on April 24.
MEA said Pakistan has been using terrorism as state policy against India and it must stop exporting terror.
HDFC Bank has ensured that no bank will be able to match them in the near future without bleeding on margins.
The incident is said to have occurred in the wee hours when a huge mound of earth fell on the 'row houses' and two children and five women were among the deceased, most of whom were plantation workers from neighbouring Tamil Nadu.
'If the US intention was to use the FATF platform to isolate Pakistan and impose sanctions against it, that is not going to work when influential countries such as Turkey, Iran, Saudi Arabia, China and Russia will not lend support to the US campaign,' says Ambassador M K Bhadrakumar.
Also says PSU banks divestment to be considered after improvement in governance
Analysts expect banks with a strong deposit franchise to benefit from SBI's rate cut as they too are likely to follow the leader.
Earlier this month, RBI had raised loan to value ratio to 75 per cent from 60 per cent earlier.
You need to revamp both your work practices and technology tools to maintain your efficiency and effectiveness
Since 2016, when India was officially recognised in US law as a 'major defence partner', Washington has purposefully upgraded the defence relationship.
Public banks refrained from buying CDs of private banks, CPs of companies. The Reserve Bank of India had opened a 14-day repo window of Rs 20,000 crore (Rs 200 billion) for banks at 11 per cent to lend to the mutual fund industry on October 15.
