Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
In April, RBI had to issue a warning about a mobile application.
If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
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.
Although this may not be music to Raghuram Rajan and Viral Acharya's ears, the real reason in my estimation for their quitting is expatriate over-sensitivity, intolerance or arrogance, argues B S Raghavan, the distinguished civil servant.
Meanwhile, for the fortnight ended March 20, deposits grew 11.42% y-o-y.
Here is the Mumbai Police Calendar 2017.
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".
As the Modi government enters the fourth year of its tenure, it is looking more confident, shedding its earlier inhibitions about offering sops or new opportunities to big business, says A K Bhattacharya.
Private banks are assumed to be more efficient at intermediating between depositors and investors.
Perhaps the way forward could be the introduction of uniform rating standards - on the lines of accounting standards for the accounting profession - with a separate regulating authority for enforcing those standards, says Sudipto Dey.
While debt funds have emerged as the flavour of the season, not all investors understand debt funds. So the best they can do is put trust in the fund manager and the fund house.
Noting that Lok Sabha elections are around the corner and only one session of Parliament remains, he asked the government to bring an ordinance.
State Bank of India has fixed its benchmark prime lending rate at 10.25 per cent, 0.25 per cent below the existing PLR, which is 10.5 per cent
Amole Gupte strokes Sniff with a gentleness that one has now come to associate with his filmmaking (Taare Zameen Par, Stanley Ka Dabba or Hawaa Hawaai), says Sukanya Verma.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Here's why consumers are shifting to large brands.
The leaders said trade ties were still fragile
Credit card loans and personal loans are two prime examples of unsecured loans that must always be avoided.
'AI will be bigger than the advent of the Internet or the harnessing of electricity.' 'India must embrace it with all its might,' says NITI Aayog CEO Amitabh Kant.
The new system is expected to give emphasis on various in-built credit enhancement structures.
Few big ticket road projects will be fast-tracked soon.
The board is likely to take up the matter this month.
The regulator will now call Chanda and ICICI Bank's representatives for a personal hearing as part of adjudication proceedings launched against them.
Do not game the system to run away from repaying the money you owe to the credit card company.
'The government is in no hurry to talk to the separatists and would like to approach the Kashmiri people directly through various other organisations.' 'Officials in charge of J&K affairs at the Centre are clear that there would be no let up in the operations against terrorists,' reveals BharatShakti.in founder Nitin A Gokhale.
'Does Deepika not have the right to raise her voice in a democratic and peaceful manner on an issue she considers important?' 'Why should one view her only as an actor and not appreciate her role as a concerned citizen of the country?' ask Aftab Alam and Mohammad Asim Siddiqui.
Bala creates a world so mad yet meticulous and unlike no other in Mard Ko Dard Nahi Hota, raves Sukanya Verma.
A new Section prohibits banks to lend money to smaller subsidiaries companies despite Corporate Guarantee from the parent.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Gold loans are a quick, easy and low-cost way to meet your immediate and emergency financing needs, but do ensure that you entrust your gold in safe hands after thorough due diligence, suggests Gaurav Gupta, founder and CEO, MyLoanCare.in.
In the April-June period, bond yields rose by 30 bps.
The close-onto four years (since November 2015) Peter has spent in Arthur Road jail, central Mumbai, in judicial custody, have taken their toll, lending him a bit of a melancholy stoop, a laborious gait and a tired face, turning him prematurely into a much older man than his nearly 64 years. Vaihayasi Pande Daniel/Rediff.com reports from the Sheena Bora murder trial.
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