In a mixed bag for HDFC Bank ahead of the parent HDFC's merger with itself, the Reserve Bank of India has declined to make exceptions on certain aspects, and has offered some leeway on others. The country's largest private sector lender, which is aiming to conclude the merger with the home finance major by July, had written to the central bank seeking certain forbearances after announcing the $40-billion merger in April last year. In an exchange filing this evening, HDFC Bank said it received a response from RBI on Thursday and also said that there are a few pending issues.
Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
Venkataraman Krishnamurthy, who is considered as the turnaround man of several Indian corporate houses like BHEL, Maruti Udyog, SAIL and Gail (India), passed away on Sunday at the age of 97. Krishnamurthy is considered as "the father of public sector undertakings in India" by many in India Inc. Born in the temple town of Tamil Nadu's Karuveli, he started his career as an airfield technician during the Second World War.
Who is Ruturaj and why has he won N Srinivasan's vote of confidence?
After a sequential fall in November, due to high base and waning of the festival season effect, credit card spends have picked up again in December, recording over Rs 1 trillion for the 10th consecutive month. Latest figures released by the Reserve Bank of India (RBI) show that credit card spends in December 2022 touched Rs 1.26 trillion, up 10.21 per cent compared to November. And, on a year-on-year (YoY) basis, spends were up 34.31 per cent during this period.
After all, MSD is CSK and CSK is MSD.
'It is going to be a tough balance for the RBI to manage economic stability and ensure smooth government borrowing.'
The Supreme Court on Monday stayed the disqualification of Janata Dal-Secular MLA D C Gowrishankar Swamy from the Tumkur Rural constituency in Karnataka and allowed him to contest the upcoming assembly polls in the southern state.
This is the second extension sought by the Union government to pay the arrears after it had first moved the top court in June and sought three months to compute and make payment.
Harbhajan has expressed his massive displeasure with the "lack of respect" for the Saurashtra man and the fact that the yardstick to judge performances hasn't been same for every senior player.
The former India captain was speaking at a felicitation function organised for CSK for winning the 2021 edition of IPL.
All India Anna Dravida Munnetra Kazhagam (AIADMK) interim general secretary Edappadi K Palaniswami (EPS) and ousted party leader O Panneerselvam on Tuesday moved the Madras high court against the sealing of the party headquarters by the Tamil Nadu government following violence there on July 11.
On Friday, the minister triggered the controversy when he came to inaugurate the elephant rejuvenation camp in Theppakkadu, in Mudumalai Tiger Reserve. When he along with the district collector and other officials were proceeding to the camp, Srinivasan called the boy and asked him to remove his footwear so as to enter a temple there and perform puja.
I suggest we build a Vigyan Mandir (Temple of Science) with the ambience of a place of worship, so that it becomes a destination for pilgrims. We should embed on its walls bronze plaques describing each scientist mentioned here along with about a dozen of our ancient mathematicians, recommends Professor Kalyan Singhal, historian of science and technology.
Haasan, addressing office bearers in Chennai, said he has been invited by Rahul Gandhi to participate in the Yatra.
'A person can do Olympic lift of 100 kgs at this stage, but he or she is not guaranteed to be injury free or increase in performance unless there is transfer. Bowlers do take a hit during this phase for sure. Batters not much'
Chennai Super Kings head coach Stephen Fleming on Saturday said that Mahendra Singh Dhoni relinquishing captaincy of the IPL team this year was not a sudden decision as it was 'talked about' during the last season.
Two-time World Cup-winning former India captain Mahendra Singh Dhoni had nothing left to achieve and his international retirement is "close of an era", said former BCCI president Narayanswami Srinivasan.
A probe by the National Investigation Agency (NIA) into the Coimbatore explosion case would be recommended to the Centre, the Tamil Nadu government said in Chennai on Wednesday.
Lashing out at anti-nuclear activists, a former Atomic Energy Commission chief on Wednesday said that "certain professional agitators" had worked against the project at Kudankoolam which was "one of the best sites" for a nuclear power station.
Srinivasan had moved the court yesterday seeking anticipatory bail in connection with an idol theft case.
Shah will have the responsibility of heading ICC's most important committee. Al the major financial policy decisions are taken by the F&CA committee before it is ratified by the ICC board
The Supreme Court on Monday came down heavily on the ministry of defence over its January 20 communication regarding payment of arrears of One Rank-One Pension (OROP) in installments to eligible pensioners of the armed forces.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
'These three wrestlers (Bajrang Punia, Vinesh Phogat and Sakshi Malik) are indirectly or directly part of the Congress.'
In a rare face off, captains of the auto industry have hit out at the government for not walking the talk. At an industry event in the capital on Wednesday, R C Bhargava, chairman of India's largest carmaker Maruti Suzuki, and Venu Srinivasan, chairman of TVS Motor, questioned the government's intent to support the auto sector. Revenue secretary Tarun Bajaj sat in the audience listening, before his turn came to counter them.
After Chief Minister Stalin moved a resolution, even as Ravi was speaking, that the speech was read, the governor walked out of the assembly.
The Supreme Court on Monday said the ministry of defence cannot take law in its own hands by issuing communication on payment of One Rank-One Pension (OROP) arrears in four instalments.
It was a triangular session, with the judge hearing the case from Nagercoil, petitioner's counsel V Raghavachari at one place and advocate-general R Shanmugasundaram, at another place, in the city.
The BJP and the AIADMK are unable to sort out ideological differences, observes N Sathiya Moorthy.
Credit card issuers saw significant erosion of their card base during the July-September quarter as the Reserve Bank of India's (RBI) norms mandated deactivation of cards that have been inactive for a year. The second quarter of the current financial year saw outstanding cards-in-force decline by 2.55 million to 77.7 million. Prior to this, the industry, on an average, was witnessing a net addition of over 1.5 million credit cards a month as players became aggressive on the unsecured lending business after the pandemic.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
The full-court press on India over Ukraine, the BBC 'documentary', the Oxfam report, the Hindenburg attack on Adani and obliquely on the Indian economy, and any number of other acts are signs that India is a target, warns Rajeev Srinivasan.
The Centre is looking to continue maintaining an arms length in financial sector appointments.
Annu Kapoor delivers a fine performance in this not-so-novel Web series about Kota and its IIT coaching system, says Namrata Thakker.
Selecting a talent like Virat Kohli early in his career would be considered a masterstroke by most but according to former India captain Dilip Vengsarkar, it ended his career as a national selector.
The three non-compliant units will not have any voting rights in case there is an election during the BCCI AGM.
Dhoni is leaving 'captaincy' but not for once relinquishing 'leadership' role.
The leaders of the saffron party also posted their wishes and religious prayers for Modi on Twitter, using the hashtag "LongLivePMModi".
