'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
BCCI president Anurag Thakur and secretary Ajay Shirke, on Saturday, filed their respective affidavits to the Justice RM Lodha Committee as per the directive of the Supreme Court issued on October 21.
RupeePower aims to become the No 1 originator of financial products.
In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland.
'On the evening of the 17th, the RBI said the bank was put on moratorium.' 'Within an hour, the RBI said it would be merged with DBS.' 'How did DBS come to know within an hour that LVB was in trouble?' 'It means, what happened was match-fixing.'
Former Indian team captain Bishan Singh Bedi and ex-cricketer Kirti Azad on Thursday batted in the Supreme Court for implementation of Justice Rajendra Mal Lodha committee's recommendation on structural reforms in the Board of Control for Cricket in India.
Financial planner Gaurav Mashruwala explains the difference between good and bad assets. Creating bad assets can lead you towards penury while the opposite may help you create wealth.
After four years of growth at 40 per cent or more, capital expenditure (capex) by India Inc in the current financial year (2008-09) may drop almost 30 per cent.
Through the past 12 months, the Bank Nifty has risen 55%
'...I have not read newspapers for quite some time,' a psychologist tells Syed Firdaus Ashraf, 'and I am perfectly normal.'
The members approved the recommendation of the BCCI's affiliation committee to grant full member status to Chhattisgarh State Cricket Sangh, which will be part of Central Zone for all BCCI tournaments.
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
Veteran basketball player James Donaldson has advised sportspersons dealing with mental health issues to stay away from cell phones and social media.
Regulators and investigators around the world have access to sophisticated tools making it possible to detect white collar crimes. This is where Indian investigators and regulators have been found wanting, says Sudipto Dey.
Nearly 4,000 clerical cadre and staff have sought early retirement from the country's largest commercial bank, State Bank of India.
Mental health and life coach Anu Krishna tells you how to take charge of your life.
The poll promise is an attempt to woo the middle-class and rich voters in the wake of the party's growing unpopularity.
Christine Lagarde said the prospect of rising interest rates in the US and China's slowdown are contributing to uncertainty and higher market volatility.
FY14 economic growth rate pegged at 4.8-5.3%, WPI inflation set to rise
As per OECD's September estimates, global growth was to be 3 per cent this year and 3.6 per cent in 2016.
'Amitabh Bachchan Sir said some nice and encouraging things about the trailer, the way I directed it and, of course, about Abhishek's performance.'
Companies with more than Rs 10,000 crore of debt would seek refinancing.
'Life has been very stressful and frustrating.'
An American university, whose Indian students faced deportation in recent weeks, has blamed Air India and some of the deported students for the prevailing confusion on the issue.
He said the US will apply other punitive measures if Tehran does not give up its reported goal of developing nuclear weapons.
'If there is an RBI majority in the committee, there is no question of a veto.'
The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.
The Delhi high court on Tuesday dismissed Aam Aadmi Party MLA and former law minister Somnath Bharti's anticipatory bail plea.
Insisting that PM Modi has consistently cared for the farmers, Goyal said the Rs 75,000 earmarked for paying Rs 6,000 per annum to each of 12 crore farmers is not one time but a 'sustainable' provision.
Some of the most common grounds on which card issuers reject credit card applications in India, along with tips on how to overcome these hurdles.
L&T -- which has two subsidiaries L&T Infotech and L&T Technology Services -- is keen to bring Mindtree under its fold to exponentially raise its client base and product offering.
You can improve your chances for high marital quality by using the power of 'thank you' as a recent study suggests that showing gratitude and believing that your partner values you, directly influences how you behave in your marriage.
With Cricket Australia repeatedly stressing on the "unrealistic" challenge of hosting the 16-team T20 World Cup in October-November, the likelihood of having the IPL has increased significantly in a year thrown haywire by the COVID-19 pandemic. The ICC recently pushed its final decision on the T20 World Cup to next month but the BCCI has already zeroed in on the September-October window for the tournament.
Godrej group Chairman Adi Godrej describes in an interview to Viveat Susan Pinto the way forward for the conglomerate after the implementation of the GST.
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