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The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
Non-performing assets of banks have been on the rise for past several months due to slowdown in the economy.
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The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
India on Thursday sought strengthening of SAARC monitoring desks on terrorism and drugs, underlining that illicit funds generated from narcotics and fake currency networks are being fed into supporting terror activities
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
EC received the RBI proposal in the first week of this month, soon after the model code of conduct came into force on March 5.
The overdraft facility has been sanctioned in only 40,000 accounts
Adhil Shetty, CEO, BankBazaar.com shares his thoughts on what could help make digitisation and going cashless easier in the New Year.
Last year, Maryam Nawaz accompanied her father to Washington, but played a role beyond being the dutiful daughter. She was 'discovered' by the White House, and was hosted by Michelle Obama.
'Demonetisation will push India onto a higher growth path after a temporary dip.'
'Because of the government's step, the people are now going to splurge on consumption.' 'If you ask me, would growth be 8% for 2017-2018, I would say 7.5% because of the demonetisation move would not be very significant.'
Pushpal Shinde now earns some Rs 50,000 a month.
An interview with Amit Mitra, the finance minister of West Bengal.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
Most of the index heavyweights are yet to declare their results.
After the screening, the shortlisted candidates will be vetted by an external committee, to be headed by former RBI governor, Bimal Jalan.
'Let me talk about young Indian startups with their hearts in the right place and how they are proving that innovations that represent 'affordable excellence' -- breaking the myth that 'affordability' and 'excellence' cannot go together -- is indeed possible!' says Dr R A Mashelkar, the eminent scientist, in this fascinating feature.
The majority have stayed away from getting into cash handling.
By castigating the reforms themselves because of the remediable and reversible defaults here and there in carrying them out, Yashwant Sinha is throwing out the baby along with the bath water, says B S Raghavan.
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
Commercial banks are also expected to be soft on loan repayments and restructure the loans, if not write them off.
One popular strategy is to hire contract workers.
The government, he said, has implemented 'bold reforms'.
The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
Prime Minister Narendra Modi has managed to pull off what was unimaginable a year back -- adopting a much-needed centre-left approach, says Devanik Saha.
Economic growth in the last two years has stayed above seven per cent.
In any case, Ghosh could take lessons from the best professionally managed companies all over the world that always groom the CEO successors well in advance.
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
The idea of the payment banks is to provide access to banking for people, especially in rural areas.
The IMF chief listed three key policy areas for women's empowerment as the education, getting a job and having a family.
Lenders taking up incubator-style roles with small investments in start-ups
Indian-American business leaders meet to discuss ways to make this initiative a success.
Vittorio Colao, who is currently on an India visit, said he would be open to listing his company in the country
The challenge ahead for central and state governments remains enormous.
Watal panel had suggested an independent payments regulator be set up.
Finalises blueprint to become pan-Indian dairy player; to set up plants in 6 states.
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues -- from GDP growth and fiscal consolidation to job creation and GST.
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