These PSU banks also account for the lion's share of bad loans or NPAs plaguing the sector and need crores of rupees in new capital in the next two years to meet global Basel III capital norms.
A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
Since no insurance companies share data on their claims with each other, the finance ministry and Irdai suspect that a lot of the resultant claims are duplicates.
Prodded by Mamata Banerjee, Keya Sarkar updates her voter card only to discover...
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
The party's gamble to go in for early elections paid rich dividends.
Christmas is a perfect time for most NRIs to travel back to India and include property buying in their schedule. Ahmedabad, Kochi, Ludhiana and Chandigarh are some cities that witness generous investments from NRI investors.
Export sectors that showed positive growth last month included chemical, iron ore, electronics, marine products and pharmaceuticals. Decline in overall imports, including oil and gold, led to narrowing of trade deficit.
Of the six-member rate-setting monetary policy committee, five members voted for a 25 bps cut while one by 40 bps, the RBI said.
BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers.
Chand was honoured with Kirti Chakra, the second highest peace-time decoration, for displaying great presence of mind, valour and conspicuous gallantry before making the supreme sacrifice.
Kumar Mangalam Birla will be the non-executive chairman and Balesh Sharma the new CEO of the merged entity, which will remain listed.
The survey found that 76 per cent of employees whose current workplace does not offer remote work options would consider switching to a job that offered more flexibility, while 42 per cent said they have already searched for such job options.
The scheme, which will be effective from July 1, 2019 would benefit 36 million employees and 1.28 million employers. The ESI Act applies to factories with 10 or more workers and provides for medical, cash, maternity, disability and dependent benefits to employees drawing a salary of up to Rs 21,000 per month.
Kumar's comments quoting 16th century poet Rahim were seen as a veiled attack on Lalu.
Tax experts said that in FY17 around 80,000 people had reported incomes of over Rs 1 crore
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
'This is just a harmless card that helps me beat the system occasionally... being labelled a Scheduled Caste is another cup of tea altogether.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
'The vitriolic campaign now in progress, the underlying threat of violence, and the elevation of Pragya Thakur as a star candidate are key markers in the BJP's obstacle-strewn march back to New Delhi,' says Sunil Sethi.
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
On December 31, we invited you to share your biggest wish for this year. We bring you the first few responses!
I would advise at least a 7 year investment time frame for Equity Investing
Inflation in food articles basket was 6.99 per cent In May, 2019, down from 7.37 per cent in April. However, onion prices spiked in May with inflation at 15.89 per cent, as against (-) 3.43 per cent in April.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India needs to make use of this opportunity to significantly enhance its exports especially in information and communications technology and the automotive sector.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
A bench of Justices Arun Mishra and U U Lalit said, if home buyers are not ready to pay their outstanding amount, then the court will have to bundle up the projects.
Will Priyanka Gandhi emerge as the surprise Congress candidate for the top job?
A Vijay could be blocking the BJP's path to vijay in Delhi, it seems. Illustration: Uttam Ghosh
The 21-year-old is on course for his maiden professional title after a third-round three-under 69. Vijay Kumar and Uttam Singh Mundy following him closely.
Capital infusion seen necessary for banks to maintain regulatory norms at the time of paying interest towards AT-1 bonds
Imports rose by 1.44 per cent to $43.44 billion in March 2019.
E-invoicing would be implemented on a voluntary basis by those having an annual turnover of above Rs 500 crore from January 1.
The tightening of traffic restrictions put in place to contain the spread of the coronavirus by Gurgaon and Ghaziabad administrations on their borders with Delhi led to chaos and traffic congestion on Friday.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances