After finishing six months in office, on Thursday, party president Amit Shah released a long list of the achievements of the National Democratic Alliance government. As expected, there was no mention of the Modi government's inability to push through promised reforms in several sectors, like land and health.
Banks have reduced their base rate or the minimum lending rate in the range of 0.1-0.5 per cent till April 15.
Persistent heavy dollar demand by oil companies as well as from foreign banks continued to pull down the rupee value which crashed by more than 18 paise against the US currency to end at a new five-month low of Rs 45.6650/6750 per dollar.
The absence of criminal legal treaties between India and tax haven nations have been cited by probe agencies working in the SIT on black money as one of the major impediments in initiating steps to bring back illegal funds stashed abroad by Indians.
'When you meet Rahul Gandhi, you will know he is definitely the right guy to lead this country.'
Banking services across the country were hit on Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
The Centre will disclose the list comprising over 600 names of the black money account holders on Wednesday after the Supreme Court slammed it for "giving a protective umbrella to foreign bank account holders". The court had said that Special Investigation Team will investigate black money and not the government.
Citibank, which regards India as its top-most priority market after profits from country operations grew by 45-50 per cent in the last few years, now plans to increase its presence through 300 centres and in 35 cities in two years.
Congress on Tuesday said that the Supreme Court order on the black money issue has exposed the Centre's "lame excuses" by directing it to disclose to it by Wednesday the names of all those who have black money stashed abroad.
Jethmalani said that the BJP-led government at the Centre should take no step without obtaining the consent of the SIT which has been set up to probe the matter.
In recent sessions, shares have rallied on hopes Hindu nationalist opposition leader Narendra Modi, a more business-friendly candidate, is seen coming to power on promises of economic revival and jobs.
BJP leader Narendra Modi on Sunday attacked Congress President Sonia Gandhi and Samajwadi Party chief Mulayam Singh Yadav accusing them of indulging in vote bank politics and "misleading" Muslims in the name of secularism.
Banks should try its best to retain talent.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
State Bank of India is planning a joint venture with a reputed IT company in a bid to bring its technology level at par with the private and foreign banks.
SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.
He referred to Supreme Court orders in which it has said that the court was not satisfied with the government investigation and its appointment of Special Investigation Team headed by retired judges to probe the issue.
CBI sources said the shell companies were allegedly being used by the suspects to divert loan funds meant for specified purposes, creating fake invoices, and 'round-tripping' of funds to evade taxes and generate black money.
Market meltdown and volatility pushed many traders to the sidelines.
However, dealers said that most of the rupee's gains were lost on consistent dollar demand from state-run oil refiners and other importers.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances