Moody's Investors Service on Thursday said loans to retail customers, especially those to low-income borrowers, will remain most affected due to the shock caused by the coronavirus pandemic. Despite the pandemic challenges, asset quality at Indian banks has performed better than expected at the start of the outbreak, Moody's said. "Corporate loans, in particular, have performed well because banks prior to the pandemic had largely provisioned for legacy problem loans and tightened underwriting standards," Moody's vice president and senior credit officer Srikanth Vadlamani said. Addressing an online conference organised by Moody's and its affiliate Icra, Vadlamani said an increase in non-performing loans in both public and private sector banks is subdued.
Former Indian Premier League chairman Lalit Modi hailed the Supreme Court's observation that N Srinivasan should step down as president of the Board of Control for Cricket in India to facilitate a fair probe into the IPL spot-fixing scandal, saying the Tamil Nadu strongman must now be shown the door once and for all.
Srikanth 'Sri' Srinivasan, 45, a brilliant Indian American legal mind, who, in August last year was named principal deputy solicitor general of the United States, succeeding Neal Kumar Katyal, has been nominated by President Barack Obama to serve on the US court of appeals for the District of Columbia.
The Board Of Control For Cricket In India chief and managing director of India Cements, N Srinivasan, has said that he has done nothing illegal. Srinivasan has been summoned by the Central Bureau of Investigation for questioning in connection with the Jagan Mohan Reddy disproportionate assets case.
This year, both rural and urban markets have reported around 18 per cent fall in the first quarter. However, most auto majors expect that by January, there would be a pick up.
Aditya Verma, the petitioner in the IPL spot-fixing scandal, hailed the verdict, stating that the ball is now in the BCCI's court and cleaning up the mess can start with BCCI secretary Anurag Thakur urging former BCCI president Srinivasan to withdraw his representation from the ICC.
In a year when the country produced record coal, rains hit movement of the fuel from mines to power generation units, impacting power generation in many states, including Gujarat, Punjab, Rajasthan, Delhi and Tamil Nadu.
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Ameen Sayani made a rare appearance as did Pyarelal.
In the final part of a series on Presidential Scholars, Arthur J Pais profiles Maya Lakshmi Srinivasan who recovered from her shattered dreams of being a national gymnast.
India's 1983 World Cup hero Yashpal Sharma died on Tuesday after suffering a massive cardiac arrest in New Delhi.
The Justice Mukul Mudgal committee, which was directed by the Supreme Court to conduct a probe against ICC President N Srinivasan and 12 prominent players in the IPL betting and spot-fixing scandal, filed its report to the apex court in a sealed envelope.
Narayanaswami Srinivasan might have been barred from becoming the president of the Board of Control for Cricket in India but he is set to represent the Indian Board in the International Cricket Council meeting.
The Kiwi media has said that a greedy India with regard to the menace of match-fixing is the real enemy of the sport of cricket and slumdog billionaires are ruining the show.
Anil Srinivasan, who started Rhapsody Music Foundation to help underprivileged children learn music, narrates how he became a classical pianist after doing a Master's in Business Management in the US
The Supreme Court on Tuesday said Narayanaswami Srinivasan's son-in-law Gurunath Meiyappan's role in the Indian Premier League betting and spot-fixing scandal seems like "insider trading" and agreed to hear a plea to make public the names of cricketers who were mentioned in the Justice Mudgal Committee report.
Former BCCI vice-president Rajiv Shukla has said the decision to slap ex IPL chairman Lalit Modi with a life ban was a "unanimous" decision and there was no ambiguity in the verdict by the cricket board.
The accent on 'making the south feel wanted' was the reason why P Muralidhar Rao, who was dropped as general secretary, was partially reinstated in the central apparatus as prabhari in charge of Madhya Pradesh. 'Pressure from the RSS was brought to bear on Rao's return,' a source said. Radhika Ramaseshan reports.
Various corporate houses and banks including TVS Motors, India Cements, Hyundai Motor India Limited and State Bank of India on Tuesday contributed a total of Rs 22 crore.
Happy birthday, Mohan Babu!
Fearing legal trouble after the Bombay high court declared its IPL spot-fixing probe "illegal and unconstitutional", the under-fire Board decided to call off its Working Committee meeting in New Delhi on Friday.
The Board of Control for Cricket in India president N Srinivasan, who is set to take over as the new ICC chairman, said his prime focus during his tenure would be to make all the three formats of the game equally important.
The Board of Control for Cricket in India has moved the Supreme Court seeking certain transcripts of audio tapes recorded by the Justice Mudgal Committee, which probed allegations of spot-fixing and betting in the sixth edition of the Indian Premier League last year, it was reported on Wednesday.
The restructuring, which will involve nine listed companies, including TVS Motor, Sundaram Clayton, Sundram Fasteners, TVS Electronics and TVS Srichakra, among others, will give each family group complete ownership of businesses they manage while scrapping the holding company.
Speaking for the first time after being mired in controversy, V Srinivasan, a trustee with the Shri Sathya Sai Central Trust refuted allegations of any wrongdoings.
"Since the central government had assisted in the treatment of Jayalalithaa, it has a responsibility to unravel the mystery surrounding her death... Therefore, using its authority, it should immediately order a CBI probe into the matter," he said.
The impasse regarding India's representative at the Annual Conference of the ICC took a new turn with senior vice-president Arun Jaitley as a likely choice for the high-profile meeting in London on June 25.
In an online chat with readers former state cricker player Preeti Srinivasan who is now quadruplegic discussed her every day challenges and appealed to support people like her.
Welcoming the Supreme Court verdict barring N Srinivasan from contesting any BCCI election on grounds of conflict of interest, head of IPL-6 spot-fixing and betting probe committee Justice Mukul Mudgal said that it will have far reaching ramifications as it will also impact on all sports bodies.
In a significant move, Mumbai Cricket Association's president Sharad Pawar has decided to attend the Board of Control for Cricket in India's Annual General Meeting, scheduled to be held in Chennai on November 20, after a gap of four years.
Raina revealed said that CSK owner Narayanaswami Srinivasan was wrongly informed about the reason for his exit from the IPL 2020 and he had settled the matter with his boss
Distressed by the IPL spot-fixing scam, BCCI Vice President Niranjan Shah has said the scandal has become increasingly "disgraceful" but stopped short of demanding under-fire President N Srinivasan's resignation.
Suresh Raina, who pulled out of the IPL citing personal reasons, on Tuesday demanded a thorough probe into the violent attack on his aunt's family in Punjab, in which his uncle and cousin lost their lives.
IPL chairman Rajeev Shukla said people should not "jump to conclusion" that BCCI supremo N Srinivasan's son-in-law Gurunath Meiyappan was allegedly involved in the current IPL spot-fixing scandal till the police complete their investigations.
Board of Control for Cricket in India secretary Sanjay Patel has clarified that "a slight mistake" in the circular issued to summon Friday's Working Committee meeting in Delhi forced it to be called off.
Continuing his crusade against the alleged corruption in the BCCI due to president-in-exile N Srinivasan's presence, Aditya Verma on Sunday threatened to move Supreme Court if the board's Annual General Meeting fails to make its September deadline.
His integrity has been questioned several times ever since the IPL spot-fixing scandal broke out but BCCI President N Srinivasan says he is a "very honest" man, who was "unfairly attacked" at the peak of the controversy that shook Indian cricket.
Former Board of Control for Cricket in India president Shashank Manohar was "disillusioned" with the proceedings of the Board's Emergent Working Committee meeting, which he had attended as a representative of the Vidarbha Cricket Association.
