The ministry has sought information on posts for which regular recruitment is made; expected parameters for the said posts; subjects for tests; and training modules.
Financial institutions are facing a Herculean task in convincing their nominee directors not to exercise the employee stock options granted to them
According to sources close to the development, the IPO will provide an easy exit route to the banks and FIs to bring down their respective stakeholding to 5 per cent as required under the new demutualisation guidelines of the Securities and Exchange Board of India (Sebi).
"Lt Col Indranuj Borhain was washed away by flash floods, while he was engaged in repairing work on a causeway at Nagrota," Spokesman Col S D Goswami told PTI. The army had launched a rescue operation soon after the incident around 6 am, but could not save the officer, he said.
Reports suggest this lot could fetch the cybercriminal as much as $130 million upon sale.
This is the first official data on inflation after RBI announced its mid-term monetary review in which it raised cash reserve ratio by 50 basis points to suck out excess liquidity. While retaining its forecast for inflation at five per cent this fiscal, RBI lowered its objective for the medium-term to three per cent against 4-4.5 per cent as announced in the last quarterly review in July.
The SC has ruled that banks cannot employ goondas and must take legal action to recover their dues. Tell us what you think.
The top three industries in India susceptible to economic crimes are financial services, manufacturing and professional services
Tiger Woods lost a front tooth after being hit in the face by a video camera while watching girlfriend Lindsey Vonn take a record 63rd World Cup Alpine ski win in Italy on Monday, according to his agent.
Indian FIs have reached a settlement with the consortium of offshore lenders and Overseas Private Investment Corporation in their bid to restart DPC.
'To represent one's country at the biggest stage is what drives us.' 'My goal is to reach the Olympics. So, Beijing 2022 it is!'
The finance ministry is believed to have finalised the merger of Kolkata-based Industrial Investment Bank of India with Industrial Development Bank of India
The employees associations of Industrial Finance Corporation of India have requested the government to merge it with a strong bank or financial institution.
Saddled with huge non-performing assets, the banking sector on Thursday welcomed the Supreme Court verdict upholding constitutional validity of the Securitisation Act, but India Inc appears to be dissatisfied.
Hidesign, the Pondicherry based leather goods company, on Thursday said it would invest $10 million to set up 100 exclusive showrooms worldwide in the next three years.
World Bank will provide another $220 million loan to Andhra Pradesh to expedite the reforms process even as it was considering sanctioning such loans to Tamil Nadu and Orissa as well.
In a bid to strengthen the development financing character of IDBI, the United Progressive Alliance government has revived the proposal to merge two ailing institutions -- IIBI and IFCI -- with it after segregating their bad assets.
The government is not in favour of bringing in amendments to prevent misuse of Securitisation law, which facilitates banks and financial institutions to speed up recovery of non-performing assets, estimated at about Rs 1,00,000 crore.
Some highlights from this action-packed weekend we give to in this beautiful package...
The economic slowdown took a heavy toll on some of the financial institutions like IDBI, IFCI and IIBI, with the cumulative loan disbursement falling by 22.4 per cent at Rs 17,878 crore in the last fiscal.
The shareholding of Apollo Tyres Limited promoter Onkar S Kanwar will come down by 6.54 per cent to 37.33 per cent after preferential allotment of 14.90 per cent of the company's existing shares to French Tyre major Michelin Group.
The country's foreign exchange reserves jumped from $68.435 billion to $69.508 billion in the reporting period, according to Reserve Bank of India's weekly statistical supplement.
Two young ski racers training with the US development-level ski team were killed in an avalanche in the Austrian Alps on Monday.
Finance Minister P Chidambaram on Saturday indicated delayed monsoons could impact economic growth but said the United Progressive Alliance government was committed to continue reforms to ensure 6.2-7.4 per cent GDP growth this fiscal.
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
He advised banks to facilitate appropriate credit expansion.
In photos: When people go to the heights of danger for a 'cool' selfie.
The Supreme Court had observed that issues of national economic interest; disclosure of information regarding currency or exchange rates/interest rates/ taxes; regulation or supervision of banking, insurance and other financial institutions; proposals for expenditure or borrowing, and foreign investments, could all, in some cases, harm the national economy, especially if released prematurely.
The Reserve Bank of India on Monday directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money.
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