The awarding of in-principle licences for 10 small finance banks is likely to be a game changer in a way which may not be adequately realised right now.
Musharraf met the US National Security Adviser.
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.
Follow these tips to get ready to celebrate with sweets and kites with your friends and family in your new house next Pongal.
Yara Shalaby set up the Middle East's first women's rally team, the Gazelle Rally which has seven drivers and has secured sponsorship for 2016.
Sukanya Verma looks at the various baap-beti equations depicted on the screen.
Power Finance Corporation Ltd filed its revised prospectus on Monday with market regulator Securities and Exchange Board of India to come out with its initial public offering.
People in India are increasingly shying away from taking bank loans on account of economic slowdown and scepticism arising out of job uncertainty.
Under Sharma Axis Bank has also taken the lead in focusing on technology, which has now become core to almost every other lender's strategy.
A bad Cibil credit score can limit your borrowing options; however there are few other options which you can explore for credit.
Historically, overall credit has grown at 1.6 times GDP growth
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
'Gwadar has the potential to facilitate PLAN's operations in the Arabian Sea and Indian Ocean.' 'Reports of China setting up electronic eavesdropping posts at Gwadar to monitor US and Indian naval activity and shipping traffic through the Straits of Hormuz and the Arabian Sea lend credence to this,' says former RA&W officer Jayadeva Ranade.
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Diplomatic channels activated to keep India eligible for soft loans from World Bank affiliate, though rules show it's probably time we made way for the needier others.
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
'The theme of death seems to be a theme about which many of us, raised in Western societies, have almost completely removed from consciousness; it represents a theme that is suddenly and forcefully resurging now.' 'And for some, this is scary and destabilising.'
Banks seems to be upset over RBI's move over rate cut.
The scrip was the worst hit among the front-line companies on both the indices during the day.
The Shanghai Composite Index eased 0.2 percent in subdued trading on Wednesday morning.
After exporters, real estate companies are demanding a priority sector tag for loans to the low-cost housing sector.
The Reserve Bank of India also banned with immediate effect issuance of letters of comfort which, like LoUs, are used by importers to fund their overseas purchases.
Assocham expressed concern over the precarious situation that the manufacturing sector is in, observing that if the trend does not reverse with monetary and fiscal measures it would be difficult for the industry to generate jobs.
Move to improve transparency but make liquidity more difficult to come by
The RBI has made serious attempts to improve fiscal deficit.
The 34-year-old replaced Iftikhar Ahmed, who managed only 44 runs in four innings in the recent tour of Australia where Pakistan lost both Tests.
'UBI is a tricky subject.' 'Our worry is the government could get rid of UPA's social welfare schemes targeted at the poor.'
'India does not wish to remain silent in improving its strategic space so that its leverage to counter China's expansionist designs is maintained, besides enabling it to play a responsible role from a position of strength for peace and stability in Asia,' points out Dr Rajaram Panda.
In April, RBI had to issue a warning about a mobile application.
Meanwhile, for the fortnight ended March 20, deposits grew 11.42% y-o-y.
'Cooperation at sea involves not just ships going out together and carrying out exercises over a couple of days, but understanding the whys and the wherefores,' points out Vice Admiral Premvir Das (retd).
Shiv Sena president Uddhav Thackeray has made it clear his party will not lend unsolicited support to BJP in forming the government in Maharashtra, saying "let them make the first move".
Subahani Haja Moideen, an Indian alleged to be an Islamic State operative, knew the terrorists who carried out the attack inside a theatre in Paris last November killing over 100 people but has feigned ignorance about the deadly plot, it has emerged from investigations.
