The total number of such suicides in Guntur district has gone up to 63 since May.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
Arbitrage schemes can give investors better post-tax returns than debt funds.
The government has also extended till August 31 the repayment date of short-term crop loan of up to Rs 3 lakh for agriculture and allied activities. The decision, taken by the Cabinet headed by Prime Minister Narendra Modi, will give respite to farmers and also help them take a call on which kharif (summer) crop to grow as sowing picks up with the arrival of southwest monsoon.
The objections were filed after Airbus failed to repay Rs 196 crore, availed by the aircraft-making company on behalf of Mallya-controlled Kingfisher Airlines
Dhanaji Jadhav, 45, hung himself from a tree near his house at Veet village in Karmala tehsil on Wednesday night,
Uniparts India and PNC Infratech are the latest companies to file initial public offer papers.
The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.
A critical factor that can ensure easier and hassle-free access to home loans is keeping a watchful eye on your Credit Information Bureau India Ltd (CIBIL) Report and CIBIL TransUnion Score.
A possible US-led war against oil-rich Iraq is likely to have a limited impact on Indian interest rates and inflation, central bank governor Bimal Jalan said
Patel, who headed the RBI from September 2016 till his sudden resignation in December 2018, says in his book thta the government seemed to lose enthusiasm for the new bankruptcy law in the middle of the year he left the central bank. Though Patel does not name anybody in the book, the mid-2018 period he refers to is the time when Piyush Goyal held temporary charge of the finance ministry between May and August.
Downing Street has said that the prime minister would not be returning to work immediately and will be based at the sprawling 1,000-acre estate in Buckinghamshire, south-east England, for a recovery period on medical advice.
The proposals appeared so far apart that success seemed higly unlikely
Gandhi alleged that the Bharatiya Janata Party government has "blocked" the money of the poor through currency ban to favour a "handful of industrialists".
The domestic deal-making activities were hit by weak corporate governance and a huge liquidity crunch in 2019, while the global deals were also hard to come by due to various factors including uncertainties caused by the US-China trade war, which left many investors in a wait-and-watch mode.
Regulator seeks clarification on transfer of convertible debt after merger
Banks and financial institutions provide 6-12 months of additional time, beyond which you need to negotiate.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route.
The government will privately place bonds with the Reserve Bank of India to raise funds to repay some of its foreign debt ahead of schedule, a top central banker said on Thursday.
If the earnings in the first quarter of the current financial year are an indication, most banks, particularly those majority-owned by the government, have fared well, reveals Tamal Bandyopadhyay.
To begin with, these are among the cheapest in the loan market.
Our break-even level has come down and we expect the cost structure to improve further, says the Suzlon chief.
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
China's move to devalue its currency has exposed the fragility of its economy.
NDTV on Monday said it will raise Rs 109 crore (Rs 1,090 million) through the initial public offer for working capital requirements and to repay Rs 38 crore (Rs 380 million) debt.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
'What Siddhartha's life teaches us is something very true about life; that life is a circle, and what goes up will come down. What is on top today will come down tomorrow, and what is down will go back to the top.'
Understanding InvITs properly will enable investors to make an informed decision, says V K Bansal.
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
'I hope that by seeing us in such huge numbers the government will get scared and agree to our demands.'
In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.
'Is this the only way for India to become a $5 trillion economy?' 'When you have unused foreign exchange here, why borrow more dollars?'
In fresh trouble for liquor baron Vijay Mallya, United Bank of India has identified United Breweries Holdings, the guarantor of grounded airline Kingfisher, as wilful defaulter.
The prices of unsold homes in Mumbai run into crores of rupees.
A top-up loan could come to your rescue in an emergency. Here's why
