Policy with regard to the foreign banks is part of his five pillars of reforms, says RBI Governor.
Reserve Bank has almost finalised the structure of Central Fraud Registry.
The Cellular Operators Association of India on Wednesday telecom regulator TRAI's order for slashing roaming charges by up to 56 per cent and said the move could lead to increase in basic tariffs.
As many as 433 borrowers have taken loans of over Rs 1,000 crore.
Actors Nana Patekar and Makrand Anaspure distributed cheques of financial aid to as many as 113 families of farmers from Latur and Osmanabad districts of Marathwada, who have committed suicides, owing to drought and indebtedness.
Experts say a combination of improving asset quality and NBFCs' weak balance-sheets bodes well for both corporate and retail banks.
Despite accounting for the largest number of fatalities, the death rate, however, in the US is much lower than other countries.
During his playing days he brought joy to millions and now Indian football icon Bhaichung Bhutia is making a difference to the people of his state Sikkim, who have been stranded in other states because of the lockdown. After having opened his doors to migrant workers, the former India captain has been trying to help his people from his state Sikkim, who have been stranded in other states due to the coronavirus-forced nationwide lockdown.
'It's a stain on the game we all love and I have loved since I was a boy'
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
2018 recorded a strong uptick in start-up investments on the back of some mega deals and was the best year for the sector, surpassing the previous high of $4.8 billion in 2015.
Recently, CVC suggested that banks have a monitoring mechanism for bad loan sales to ARCs, with the cash flow statement from stressed assets shared with banks.
'Bono, every time you clap your hands, a woman somewhere in the land of Ahimsa, is being abused.' 'Physically, emotionally or financially; at home, in the street or at work...' 'Maybe just for a little bit, you could tweak your humanitarian mode and turn womanitarian while in the land of Gandhi,' asks Priya Mirchandani on the eve of U2's Indian debut.
Social workers and psychiatrists say efforts are not being made to gather and scrutinize statistics of South Asians, including Indians with suicidal problems.
The attack is not focused towards any particular industry but it is widely spread across industries
With mosques shut, workers and daily wage workers are left to fend for themselves, underscoring once again the magnitude of the crisis of unemployment and poverty triggered by the lockdown, which began on March 25 to stem the spread of the coronavirus.
Focus will, however, shift back to corporate earnings, liquidity situation and global events - specially crude price.
Moody's Investors Service on Thursday downgraded subordinated debt ratings of 11 Indian banks, including SBI, ICICI Bank and HDFC Bank.
The statement, issued after the 2-day meeting of the 6-member Monetary Policy Committee of the Reserve Bank of India, also said that recapitalisation of public sector banks along with resolution of stressed assets under the Insolvency and Bankruptcy Code (IBC) will create demand for fresh investments.
FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
His statement assumes significance in the wake of a row over the Centre's refusal to accept the United Arab Emirates' reported offer of Rs 700 crore to the flood-hit state.
Addressing the Congress Parliamentary Party meeting in Parliament House, she also attacked the governor of the state, Bhagat Singh Koshyari, saying he had acted in an "unprecedented and reprehensible manner".
The agenda for the year 2020 is well laid out -- launch of UDAY 2.0, installation of smart pre-paid metres, prompt payment by discoms, making coal available for short term and reviving gas based plants. But, it has to ensure effective implementation of various policy tweaks done so far.
The biggest loss of jobs among salaried employees was of 'white-collar professional employees and other employees'. Among these are engineers including software engineers, physicians, teachers, accountants, analysts and so on, who are professionally qualified and are employed in some private or government organisation All the gains made in their employment over the past four years were washed away during the lockdown, reveals Mahesh Vyas.
India's lack of financial inclusion is well known but that slightly more than 50 per cent of the population just has a simple savings bank account is distressing.
'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'
According to the RBI's Financial Stability Report, the industry's gross bad-loan is at a 14-year high. As RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
'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 Essar group, Jindal Steel and Power, Monnet Ispat, Bhushan Steel and the Avantha group have been asked to close deals by March-end.
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 added that the risks can increase if the Chinese slowdown gathers more speed.
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
