'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
Budget for 2022-2023 has returned to its agenda for protectionism in the name of creating a self-reliant India, points out A K Bhattacharya.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
The move, amid a rise in slippages from restructured assets, is aimed at resolving stress in the banking system.
Among the biggest winners of a successful IPO would be co-founder Evan Williams with a 12 per cent stake.
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
There is more than what meets the eye to the wealth accumulated by Punjab Deputy Chief Minister Sukhbir Singh Badal.
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
A leave vote means the future of Britain's financial services industry is now hanging in the balance.
Getting the first tyres out from the Sahaganj plant will still require a lot of effort, but with the state government on its side, the hopes are high.
'Aleris will bring in $3 billion of revenue. Novelis has $12 billion of revenues. If we add Hindalco's $6-billion revenue, then on a consolidated basis, we will become the world's largest aluminium company outside China.'
'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
The case dates back to the time when Lalu was the railway minister in the UPA government.
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Besides staging a hunger strike on March 31 in Chennai, the Nokia India Employees Union have decided to further step up their protest post the Lok Sabha elections.
'The government has to stop trying to fix things for lenders, projects, homeowners and developers and think instead about how to fix the market for houses,' says Mihir S Sharma.
'The number of first-time investors into MFs can grow four times more than the current rate if we are able to accept the bank KYCs.'
'The government has realised that the finances of the government are in a precarious state.' 'We are borrowing to fund the ever-burgeoning revenue deficit.' 'Then you are paying interest on the fresh borrowing.' 'For the first time, the government has realised that this cannot go on.'
The scheme offers waiver of interest, penalty, and prosecution for settling tax disputes.
SBI remains a favourite of most brokerages in the PSB segment.
These consistent performers are expected to maintain momentum.
Do the actual numbers bear out the claims made by the government or do they suggest something else? asks A K Bhattacharya.
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term.
The RBI is of the view that it cannot carry out satisfactory due diligence for granting registration because the funding is from a jurisdiction that has been identified by FATF as having weak measures to combat money laundering and terrorist financing.
'Brexit might delay the sale process of Tata Steel's UK operations'.
None of the 2,600 workers had any clue about the suspension of work notice, put up on the gate of India's oldest automobile plant last Sunday.
Unions will 'fight to death' if company 'decides' to shut Chennai factory.
'I would want people to have food on their tables and their wages to rise.' 'Will that happen or not is the question that we need to ask and answer.'
The $12.1 billion Corus acquisition-the biggest global acquisition made by an Indian company-ended up as a millstone around Tata Steel's neck, points out Indrajit Gupta.
Balanced funds are suitable for investors who have low-risk appetite or are new to equities.Those with more than seven-year investment horizon should look at funds that have higher equity exposure.
Buying stocks during bad times can lead to good returns.
The leaked list contains the name of Union minister Jayant Sinha, who responded by saying that the transactions were not done for any 'personal purpose'.
'The market movement will be largely driven by earnings growth.'
Iran is preparing for a trade and investment boom that could reshape the region after agreeing with world powers to curb its nuclear programme, paving the way for sanctions that have stifled its economy to be lifted.
The past decade saw three full cycles of markets moving up and then going into bear phases.
Strategic sales are tricky and were last undertaken when the Vajpayee government was in power.
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