'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
'In plain simple English, these practices amount to a looting of our country's future by some in the business community, in cahoots with some lenders,' says RBI Governor Dr Urjit R Patel.
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
Liquidity, stable income generation, potential capital appreciation are the benefits from REITs
Progress on monsoons along with favourable base effect in 2HFY2017 continues to point towards RBI achieving its near 5 per cent inflation target by the year-end
These funds carry low risk and should be able to beat the returns from fixed deposits.
India showed revival signs in the March quarter.
Brushing aside the strong opposition to it from separatist leaders, religious heads and some civil society groups, authorities have decided to go ahead with the high profile Zubin Mehta concert in Srinagar on September 7.
The more you know about using a new credit card, the more you reap!
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Former chairman of the UIDAI Nandan Nilekani, elucidates how Aadhaar could become the spine for alternative banking and could replace government services with cash benefits.
It has made everything public in the name of 10 lakh comments it got on draft net neutrality proposals.
A day after Sonia Gandhi's letter to Prime Minister Manmohan Singh asking the Centre to ensure that suspended Indian Administrative Service officer Durga Shakti Nagpal is not "unfairly treated", the Samajwadi Party flexed its muscle over the Food Security Bill.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
The progress of the GST Bill in Parliament is also likely to remain in focus
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
'Now is the time for India, our biggest neighbour and oldest friend, to bring the full array of international policy instruments to bear.'
News of all that's transpired on and off the football field
'To treat a Hindu fleeing persecution and certain death in Pakistan, Bangladesh or Afghanistan on par with a Muslim voluntarily sneaking into India for economic reasons or otherwise is callously cruel, blatantly perverse and grossly unjust.' 'The concept of equality cannot be invoked to perpetuate a historical wrong that needs to be righted,' argues Vivek Gumaste.
Every housing finance company, and every bank with a large housing finance exposure, will see loss of volumes in this quarter.
Accusing Prime Minister Narendra Modi of not fulfilling his promises, Congress Vice President Rahul Gandhi on demanded a definite date for implementing the long-pending One-Rank-One-Pension for ex-servicemen as he joined their agitation in New Delhi.
he hike in service tax rate from 12.5 per cent to 14 per cent will increase the costs of buying
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
The man who owns close to 94 per cent of the shares of Patanjali Ayurved, an unlisted company, does not, however, take a salary or receive dividends.
Here's a quick glimpse into what goes into the making of a person's CIBIL TransUnion Score
'Lending to Mr Mallya was the bankers' season ticket to corridors of power and glamour. Borrowing from them was like a favour Mallya did to them,' says Shekhar Gupta.
The 75-year-old Lingayat leader broke his own record of the most short-lived head of government in Karnataka.
Coming down heavily on Congress for asking the government to come clean on the Pakistani boat incident, Bharatiya Janata Party on Sunday accused the principal opposition party of touching a "new low" and doing politics over terror.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
The move will likely attract more retail investors.
'During his visit to Vietnam on September 3 -- the first visit by an Indian prime minister in 15 years -- Modi will notice the widespread anti-China sentiment in that country.'
The judge fixed April 26 as the next date of hearing when he will appear via video link from jail.
In our special series re-visiting great Hindi film classics, Sukanya Verma looks back at Madhubala and Kishore Kumar's Half Ticket (1962).
This is a terrible situation for a growing economy to be in, and the central bank would be expected to act to correct the situation.
While the total disbursement of housing loans by PSBs as well as HFCs witnessed a deceleration in 2016-17, there was significant growth for the lower slabs
Reducing dependence on wholesalers will give the company better control over its inventory, besides offering greater visibility to new brands, reports Avishek Rakshit.
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
RBI awaits fiscal stance, inflation to cool off to decide on rates.
