'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers. However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal. At a meeting between industry representatives and the finance minister, a startup founder in the baking business suggested for credit to be available hassle-free, to which largest lender SBI's chairman Dinesh Kumar Khara said a startup's worries are more on the equity side and assured full support in lending if sufficient equity is on the table.
'This IPL, probably more than any other, has become more about what's happening on the outside than what's happening here.
RBL Bank's interim chief executive officer (CEO) and managing director (MD) Rajeev Ahuja on Sunday tried to allay concerns around the health of the bank. He said events during the weekend are not linked to RBL's asset quality. The bank said Vishwavir Ahuja, its managing director (MD) and chief executive officer (CEO), had on Saturday proceeded on leave with immediate effect on medical grounds.
Unless controlled and contained, given the untested belief that the north Indian labour support and follow the Hindutva kind of political ideology, there is a potential in terms of ideological clashes with their Dravidian brethren in the local neighbourhoods, and it all escalating into violence, especially during election time, predicts N Sathiya Moorthy.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The umpires stood their ground, saying the delivery was legal.
The veteran leader is also expected to use his good offices in unifying the faction-ridden party in the state, ahead of assembly elections just six months away.
'You can't be leading when you're batting at number 7.'
'Mamata Didi is the only politician who can take on the might of Modi.'
If the industrial sector expanded, growth rate is likely to rise in the remaining quarters to reach 7.6-7.8 per cent for 2017-18.
Both Chakravarthy and Warrier did not show any major symptoms for the infection.
Mumbai are likely to end up last on the points table even if they manage to win their last game
RBL Bank is no Yes Bank. It's not fraught with fraud. It's a story of limitless ambition and greed for growth under a leader who doesn't want to give up, says Tamal Bandyopadhyay.
Former India captain Sunil Gavaskar picked Rohit Sharma to lead India in T20 Internationals after Virat Kohli, while KL Rahul and Rishabh Pant are his two options as the vice-captains in the shortest format.
'Top lines will grow, volume growth will be there, but margins might also be impacted.'
Ann L Mason, Ruth Holmberg, Shareen J Kitterman and Jennifer Bywaters love to go around in their black and pink three-wheelers, driving themselves for all their work, including 'official trips'. These diplomats have taken to the common man's commute not just for fun, but also to set an example.
'War is never a solution. It's nothing but real estate business I am against any kind of violence.'
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.
ATKMB were scheduled to leave for Maldives on Monday but that plan stands cancelled after the AFC's announcement, which did not specify why the games were being postponed.
'For a responsible person like him to utter such nonsense is shameful.' 'He is not fit to be a director on the RBI central board.'
DBS Bank India on Monday said customers of Lakshmi Vilas Bank, which has now been merged with it, can continue to access all banking services, and interest rates on savings and fixed deposits are unchanged as of now. Lakshmi Vilas Bank (LVB) has now been amalgamated with DBS Bank India Ltd (DBIL), the wholly-owned subsidiary of DBS Group Holdings Ltd, DBS Bank India said in a statement.
I said to myself, why should the player suffer if he was innocent while I went about settling scores with the Board? If I didn't finish the enquiry in time, Shami's career would be harmed and perhaps irretrievably so. I decided to complete the probe within the stipulated time and got going right away.
A new generation of investors has taken to stock trading on mobile phones with a renewed zeal, driven mainly by social changes after the Covid-19 pandemic breakout. The proportion of the cash market turnover ascribed to mobile phones has jumped from 5.3 per cent in June 2019 to 18.7 per cent in June this year, reveals BSE data. The share of mobile trading on the National Stock Exchange (NSE) for June this year stood at 19.5 per cent.
'2022 has not been -- and will not be -- the kind of 2021 bull market, which lifted all boats.'
'A change we have seen after the Russia-Ukraine war is the energy crisis in Europe.' 'Earlier, in Europe, people used to change their clothes after 5 washes, now they are using it till 15-20 washes.' 'They used to change their entire wardrobe after 2 months or so, but because of the economic conditions, it has changed.' 'It has affected exports as 40% of our exports is to Europe, 30% to the US and 10% to the UK.' 'The war has to end for better days to come.'
We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth, explains Tamal Bandyopadhyay.
'I'm terrible at goodbyes, the world's worst'
Axar Patel starred with the ball in the Super Over to help Delhi Capitals edge past Sunrisers Hyderabad in a thrilling IPL match at the MA Chidambaram Stadium in Chennai on Sunday.
The legendary Sunil Gavaskar wants Rishabh Pant to succeed Virat Kohli as the next India Test captain as he believes a sense of responsibility will make the glovesman a better cricketer in all forms of the game.
'All three games we were in it but we were not able to finish it off'
'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down? Because of somebody's ego.'
Delhi Capitals head coach Ricky Ponting was awestruck by Mahendra Singh Dhoni's cool demeanour under pressure, describing the legendary Chennai Super Kings skipper as one of the greatest finishers of the game.
The Union finance ministry has called for applications to the coveted post of chairman of the Securities and Exchange Board of India (Sebi).
Poonawalla also warned against the return to 'the business as usual' approach of the administration in the national capital, saying 'we can't afford to put a price tag on the life of a citizen' as the pandemic is 'not behind us yet nor we know by when it will be'.
Pakistan's National Assembly resumed its crucial session on Monday after a two-day recess where Opposition is likely to formally table the no-trust motion against embattled Prime Minister Imran Khan amidst fluid political situation in the country.
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Advertisement on mygov.in gets 8,000 applications and counting; govt to maintain bank of CVs for future use
The Reserve Bank of India's (RBI's) move to ban Mastercard from issuing new cards for not complying with the local data storage guidelines may hit five private banks, a non-bank lender, and a major card-issuing company. The impact is expected to be felt for a few months as these players transition to other card networks. According to Nomura Research, RBL Bank, YES Bank, and Bajaj Finserv are the ones most impacted by the ban as all their credit card schemes are allied to Mastercard. Among others, IndusInd Bank, Axis Bank and ICICI Bank have 35-40 per cent of their credit card schemes tied to Mastercard, the report said.
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