Move comes as huge provisions for bad loans push loss to Rs 4,488 crore.
In an online chat with readers on April 27, Sameer Ratolikar, Chief Information Security Officer, HDFC Bank, answered readers' queries on how to secure their online banking transaction.
The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
The party, in a resolution adopted at its 84th plenary session, accused the National Democratic Alliance government of pursuing a foreign policy "bereft of focus and direction".
The cost of paying the subsidy in cash has increased the money spent by the government.
With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India's logistics sector, companies seem to have omitted factoring in some underlying trends that could shape supply chain excellence, says Neelesh Mundra.
Day Two after the banks reopened following the prime minister's demonitisation announcement, the scenario remained just as chaotic as Day One, reports A Ganesh Nadar/Rediff.com.
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das on Friday said there was no need to panic over the feared security breach that affected over 32 lakh cards.
The origin of the challenge is the so-called "fresh start" process. Many in the MFI industry apprehend that such a law in India will encourage small unsecured borrowers to default and destroy the credit culture. So, while'Fresh start' is a welcome step as it will free up the debtors from the archaic laws of the colonial era, debtors need handholding and counselling to prevent any misuse, says Tamal Bandyopadhyay.
Move by Swiss cement major Holcim to simplify its Indian structure has not gone down well with institutional investors.
A long term solution to reduce India's Current Account Deficit will be to increase India's share of global merchandise exports, so that we are able use our exports to fund our imports, points out Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.
If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
Housing prices could drop by up to 30% over 6 to 12 months after demonetisation.
If you receive an email claiming to be from the income tax department that there's an outstanding tax demand that you need to pay immediately, don't get alarmed. Get cautious.
There can be many reasons for doing this; Naval Goel explains the entire process in seven simple steps
Members from parties like the Congress, the Trinamool Congress, the Left parties and the Rashtriya Janata Dal created uproar in both the Lok Sabha and the Rajya Sabha as soon as the Houses met for the day.
Nandan Nilekani talks about moving towards a cashless economy and freedom of Internet, among others
He said it may take up to 3 weeks for all the 2 lakh cash vending ATMs to operate normally as each one has to be calibrated individually to dispense new sized notes of Rs 2000 and Rs 500 besides lower denomination currency of Rs 100.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
It is not advisable to touch retirement corpus if property is being purchased for investment.
Persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes
Lending on peer-to-peer platforms is fraught with higher risks but investors can earn as much as 12% to 36%.
The convertibility is RBI Governor's 'next big ambitious goal'.
The PM treaded sensitive ground by asking first-time voters to dedicate their first vote to those who carried out air strike in Balakot.
Doubts over implementation of a Cabinet-approved strategic sale policy are puzzling.
How investors can tweak their fixed income investments to earn more in the current environment.
The Supreme Court appointed Lodha Committee has told the Indian Cricket Board (BCCI) that the "proposed MoU" between England and Wales Cricket Board (ECB) and the BCCI "is not a part of the mandate" and no directions can be issued on payments unless details are furnished.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Bain alleges that it invested around $60 mn based on false financial statements that EY had audited and certified
Shah had pleaded guilty in 2012 to securities fraud in a parallel civil insider trading case case.
An Australian couple abandoned a baby boy born via surrogacy in India despite being repeatedly warned that the child could be left stateless.
'"We want to get the learnings from Flipkart and take it to other parts of the world," Walmart CEO Doug McMillon was quoted as saying.' 'That is a very large tuition fee for an MBA in a country that outdoes Brazil and perhaps even China in busting multinationals' knees and sometimes their heads as they try to crack a market of mostly impoverished people run by a government that has never really given up the sadistic pleasures of administering the license raj,' notes Rahul Jacob.
Sinha started his tenure at Sebi a bit shakily making people wonder if he'd complete his three years. Eventually, he went on to stay twice that long.
'My biggest contribution is the creation of the first 'modern Indian law firm',' Cyril Shroff tells Sudipto Dey.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
Here are some mistakes taxpayers make and how to avoid them...
'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'
Wilful defaulters will not be allowed to take up board positions in any company.
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RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
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