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After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
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Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Allegations of a particular market player being favoured over others were flying thick and fast in the early days of the scam.
The idea of the payment banks is to provide access to banking for people, especially in rural areas.
The RBI's projections for consumer inflation over the rest of the year indicate some acceleration, with the rate reaching eight per cent in its baseline scenario.
The recent agreement between the RBI and the Centre marks a significant step forward toward financial inclusion.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
Payment banks may not be viable option to attain financial inclusion.
Single window clearances for realty must.
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
India's state banks are under pressure to improve profitability.
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Between April 2 and July 8 this fiscal, the rupee has plummeted by 12.81 per cent, and hit all-time low of 61.21 per cent on Monday.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
SBI remains a favourite of most brokerages in the PSB segment.
After reaching a deal with ANZ in a six-year tussle, Pankaj and Radhika Oswal have left Australia and plan to start a new venture in New York
'I cannot conceive of any reason than my unsparing criticism of government policies that the government picked me to send a message to many who dare to take it on.'
HDFC and HUL are the latest entrants in the club
Frequent balance transfer in search of a lower rate can be tricky for borrowers, if property prices fall
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
The central bank and Indian government has reached a "broad consensus" on the composition of a rate-setting panel.
'When Modi was having his maiden meeting with Donald Trump, China is up to its old tricks again, by causing a distraction on the Doklam plateau,' says B S Raghavan, the distinguished civil servant.
It has been a difficult year for the world's second-largest economy.
Promoter entity RRPR - owned by Prannoy and Radhika Roy - says allegations baseless; replies to queries by Sebi.
'Pakistan's main objective will be to shepherd India toward resumption of talks, preferably with American monitoring.'
If an FIR had been registered by the Pen police -- instead of a mere entry in the station diary -- an investigation could have taken place and the body might have been identified as Sheena's, leading to the case being cracked much earlier.
'The category of crime and criminals called Maoist or Naxal or #UrbanNaxals is an illegitimate creation of right-wing propaganda media frenzy.' 'It is a fiction repugnant to the Constitution and the law of the land,' argue Vernon Gonsalves and Arun Ferreira.
Remittance into India from foreign countries has already seen a jump of 25% in the last two months
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
Expectations of continued stimulus withdrawal by the US Federal Reserve added to the market's gloom.
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